The A-share market has witnessed a breakthrough in executive compensation, with chief financial officers (CFOs) now receiving annual salaries exceeding 10 million yuan. According to the 2025 annual report released by Byd Company Limited, the company's Chief Financial Officer, Zhou Yalin, received a pre-tax compensation of 10.135 million yuan, ranking fifth among all senior executives. This marks the first instance of a CFO in the A-share market achieving an eight-figure annual salary. For comparison, Zhou Yalin's compensation was 8.96 million yuan in 2024 and 7.44 million yuan in 2023. Zhou Yalin joined BYD Industry in March 1999 and currently holds the positions of Senior Vice President and CFO of Byd Company Limited, in addition to serving as CFO of BYD Electronic (International) Company Limited. She also holds directorships and chairmanships in several BYD-affiliated companies.
Subsequently, S.F.Holding Co.,Ltd. disclosed that its CFO, He Jie, received total annual compensation of 10.262 million yuan. Additionally, AMEC reported that its CFO, Chen Weiwen, received total annual compensation of 10.8029 million yuan. These figures signify a new benchmark for the valuation of the CFO role within the A-share market. Previously, the highest compensation for a CFO was held by Zhong Zheng, Vice President and CFO of Midea Group, who received 9.46 million yuan in 2024.
In other executive news, Yutong Heavy Industries announced the appointment of a new CFO. On April 4, the company stated that Hu Wenbo had resigned from his positions as Director, Deputy General Manager, and CFO for personal reasons. The company simultaneously appointed Zhao Yong as the new CFO. Zhao Yong's previous experience includes roles at Zhengzhou Yutong Group Co., Ltd. and Zhengzhou Jingyida Auto Parts Co., Ltd., among others.
Similarly, Changjiu Logistics announced a new CFO appointment on April 4. The company's board decided to appoint Huang Qingqing as CFO, relieving Yan Chao, a director and the General Manager, from his interim CFO duties. Huang Qingqing is a certified public accountant in both China and the United States. Her career includes positions at KPMG Hua Zhen LLP and MBP Certified Public Accountants, along with senior financial management roles at Meituan and Lecheng Group. She joined Beijing Changjiu Logistics Co., Ltd. in September 2025.
Furthermore, Taiji Corporation announced a change in its financial leadership on April 2. Due to a change in the company's actual controller and internal work adjustments, Wu Jianlin applied to resign from his position as CFO. The board approved the appointment of Jin Shengzhe as the new CFO. Jin Shengzhe is a senior accountant with a career spanning roles at Hubei Automobile Group Corporation, China Construction Bank, and various investment and holding companies.
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