Power Equipment Industry CFO Compensation Rankings: Shenzhen Sinexcel Electric's Former Director Violated Regulations with Excessive Share Reduction, CFO Yang Liu Ranks with 2.79 Million Yuan Annual Salary and Over Million Yuan Raise

Deep News08-01

Introduction: Shenzhen Sinexcel Electric Co.,Ltd. was penalized due to former director Sheng Jianming's violation of regulations through excessive share reduction, while CFO Yang Liu ranked sixth in the industry with an annual salary of 2.79 million yuan, representing a salary increase of 1.1 million yuan.

As key members of listed companies' core management teams, Chief Financial Officers (CFOs) hold crucial positions and play vital roles. The 2024 A-Share CFO Data Report shows that the total compensation for A-share listed company CFOs reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan.

By industry breakdown, the power equipment sector (SW Level 1 classification) on A-share and NEEQ markets included 395 listed companies in the statistics, with total CFO compensation amounting to 311 million yuan, average annual salary of approximately 791,700 yuan, and median salary of about 625,000 yuan.

Notably, Shenzhen Sinexcel Electric Co.,Ltd. was ordered to make corrections and received a regulatory letter in 2024 due to former director Sheng Jianming's violation of regulations through excessive share reduction beyond permitted ratios. However, the company's CFO Yang Liu still received a salary increase of 1.106 million yuan, with an annual compensation of 2.7924 million yuan, ranking sixth in the industry, positioned after CATL's board secretary Zheng Shu.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment