60s are the backbone of the chairmen of A-share listed companies, but the younger generation is gradually taking over. In 2019, the total number of chairmen born in the 1970s to the 1990s accounted for 30.53%, which has exceeded 30%
"Investment Times" researcher Zhuoma
Being listed on the capital market means great success for many companies. As the top leader of a company, the chairman may also be the founder of the company. His entrepreneurial story will always become an inspirational classic and is talked about by many people. What are the characteristics of board directors?
Recently, the Pioneer Financial Research Institute teamed up with the "Investment Times" to collect and compile the information of listed company executives and 2019 salary data, and screened out the salary, gender, education, age, and salary of the current chairman-level executives of A-share listed companies. Information such as industry and city, and conduct multi-dimensional cross-analysis to exclusively launch the "2020 Full Sample Report of Chairman of Chinese Listed Companies".
In the end, the sample covered 4,072 chairmen, of which 2,942 had 2019 salary data available. It should be further explained that when conducting salary analysis, Punctuation Financial Research Institute only selected the annual salary received from listed companies in 2019 as the basis for analysis. Listed companies that have not disclosed this will not be included in this salary statistics.
data shows that among the 4,071 chairmen included in the statistics, except for one whose age has not been announced, the majority of the 4,071 chairmen are those born in the 1960s, accounting for 56.35% of the total, followed by those born in the 70s and 50s, accounting for 24.96% respectively. % and 11.15%, the post-80s generation also accounts for 5.01%, but the post-40s, post-90s and post-30s populations account for less, none exceeding 5%, only 1.92%, 0.56% and 0.05% respectively. The chairman of the board is mainly composed of people born in the 1960s and 1970s.
In terms of average salary, the post-50s generation with the highest annual salary is far behind the post-80s and 90s generation with a salary level of 1.3946 million yuan. The average annual salary of the latter two is less than 1 million yuan, which is 896,900 yuan and 896,900 yuan respectively. 582,100 yuan. In addition, the average annual salary of those born in their 30s at 1.207 million yuan and those born in their 60s at 1.1237 million yuan also exceeded the average annual salary of 1.1228 million yuan.
60 The backbone of the post-60 generation has high knowledge and high salary.
Overall, the age distribution of chairman of listed companies is in the shape of a jujube core.
Except for one chairman whose age has not been announced, among the 4071 chairmen, there are 2294 people born in the 60s, accounting for 56.35%, followed by 1016 people born in the 70s, accounting for 24.96% of the total. The two together have 3310 people. Accounting for 81.31% of the total, they are the main age group of chairman.
There are 454 and 204 people born in the 50s and 80s respectively, accounting for 11.15% and 5.01% of the total respectively. The younger people born in the 90s and the older people born in the 40s and 30s have smaller numbers, respectively. 23 people, 78 people and 2 people, accounting for 0.56%, 1.92% and 0.05% of the total number respectively.
However, a researcher from Investment Times noticed that the younger generation is gradually taking over as chairman, with the proportion of those born in the 1970s, 1980s and 1990s all increasing compared to the previous year. Data shows that in 2018, the total number of chairmen born in the 1970s to the 1990s accounted for 25.21%, while in 2019 this proportion reached 30.53%.
In terms of academic qualifications, in addition to the 126 chairmen who have not announced their academic qualifications, the academic qualifications of those born in the 1960s are also obviously dominant. There are 289 people with doctoral degrees, accounting for 12.89%, which is the highest proportion among all age groups. There are 1,155 people with a master's degree, accounting for 51.52%, ranking first. The number of people with a master's degree and above accounts for 64.41%, making them the age group with the highest academic level.
Perhaps due to the limitations of the times, the proportion of highly educated people born in the 1950s is relatively small. There are 172 people with a master's degree or above, accounting for 40.28%, which is lower than those born in the 60s. However, the younger generation generally has higher academic qualifications. The number of people born in the 1970s and 1980s with a master's degree or above was 628 and 124 respectively, accounting for 63.63% and 62.00% respectively, both exceeding 60%.
In terms of gender, as the age of the chairman decreases, the proportion of women increases significantly. The proportion of female chairpersons among those born in the 30s, 40s and 60s did not reach 5%, accounting for 0%, 2.56% and 4.53% respectively. The proportion of female chairpersons among those born in the 50s, 70s and 80s accounted for 5.07%, 5.07%, 2.56% and 4.53% respectively. 8.76% and 8.82%. The post-90s generation has the highest proportion of female chairpersons, reaching 13.04%. However, due to the small number of people in this age group, there are only 3 female chairpersons. The largest number of female chairpersons are those born in the 1960s, with 104. In addition, with the exception of those born in the 1970s and 1980s, the proportion of female chairpersons in all age groups has increased compared with the same period last year.
Not only are academic qualifications advantageous, but the average annual salary of chairman born in the 1960s is also at a high level. Among all salaried chairmen, the one with the highest annual salary is Wu Xiangdong, co-chairman, CEO and president of China Fortune Land Development (600340.SH) born in the 1960s, with an annual salary of 38.6893 million yuan. He is also the highest-paid chairman of the entire A-share listed company. The academic level is also relatively high, with a master's degree, but his extremely high annual salary may be related to his industry being real estate.
There are 12 chairmen with an annual salary of more than 10 million yuan, including 7 people born in the 1960s. In addition to Wu Xiangdong, there is also Dang Xijiang, chairman of Fangda Carbon (600516.SH), with an annual salary of 20.1572 million yuan; Jinke Shares (000656.SZ) Chairman Jiang Sihai, with an annual salary of 19.3919 million yuan; WuXi AppTec (603259.SH) Chairman, Executive Director, President (CEO) Li Ge, with an annual salary of 18.0586 million yuan; Zhongnan Construction (000961.SZ) ) Chairman Chen Jinshi , with an annual salary of 14.61 million yuan; Yu Liang, chairman and director of Vanke A (000002.SZ), with an annual salary of 12.517 million yuan; GEM (002340.SZ) chairman Xu Kaihua, with an annual salary of 10.0047 million yuan. Among them, except Li Ge, who has a doctorate degree, all of them have a master's degree.
Although most of the super high salaries are occupied by those born in the 1960s, those born in the 1950s have the highest average annual salary of 1.3946 million yuan. There are three people born in the 1950s with a salary exceeding 10 million yuan. They are Shen Qingfang, chairman and CEO of Pengding Holdings (002938.SZ), with an annual salary of 26.6128 million yuan; Li Xiting, chairman of Mindray Healthcare (300760.SZ), with an annual salary of 22.9188 million yuan. ; Liu Shufeng, chairman of Shengyi Technology (600183.SH), has an annual salary of 10.5901 million yuan. Three have undergraduate degrees.
90s generation gradually takes over
While the post-60s generation chairman is rushing forward, the post-90s generation is also coming fiercely.
The "2020 Full Sample Report of Chairman of Chinese Listed Companies" shows that there are 23 post-90s chairman of the A-share market, of which 20 are male and 3 are female. Overall, 14 people have a bachelor's degree, 8 have a master's degree, and one has a high school degree. Among the 23 post-90s chairman, 16 people disclosed their annual salary in 2019, and their average annual salary was 582,100 yuan. Although the average annual salary was the lowest among all age groups, it was lower than the average annual salary of 408,000 yuan in 2018. It has risen 42.69%.
From an industry perspective, the industries born in the 1990s are relatively rich, including not only high-income industries such as real estate, electronics, medicine and biology, but also agriculture, forestry, animal husbandry, fishery, light manufacturing, textiles and clothing, architectural decoration, commercial trade, etc. industry.
The youngest post-90s chairman is Wang Yulin of Shunhao Co., Ltd. (002565.SZ), who was born in February 1995. Public information shows that Wang Yulin has a bachelor's degree and graduated from The New School University in New York State, USA. From 2017 to 2018, he worked for Jawstrow lnc. in the United States. He is the son of the company's actual controller Wang Dan and his wife Zhang Shaohuai. Although he does not currently hold shares in the company, taking over the company can be regarded as inheriting his father's legacy.
html Among the post-90s chairmen, there are 4 people with an annual salary exceeding 1 million yuan. They are Wang Haoyu, chairman of Dayu Water Savings (300021.SZ), with an annual salary of 1.4869 million yuan; Chen Shanshan, chairman and general manager of Jinfu Technology (003018.SZ), with an annual salary of 120.18 yuan Ten thousand yuan; Liu Shuang, chairman and deputy general manager of ST Tiansheng (002872.SZ), has an annual salary of 1.1762 million yuan; Liang Hong, chairman and president of Chaohua Technology (002288.SZ), has an annual salary of 1.1503 million yuan. Among them, Wang Haoyu and Liang Hong both have master's degrees, Chen Shanshan and Liu Shuang have bachelor's degrees, and Chen Shanshan is the post-90s female chairman with the highest annual salary.
As the post-90s generation chairman with the highest annual salary, Wang Haoyu was born in 1991. He holds an MBA from Johns Hopkins University in the United States and holds dual bachelor's degrees in economics and management from China Agricultural University and Purdue University in the United States. He was appointed to take over the important responsibilities of the company in March 2017, and is now the actual controller of the company with his mother Qiu Ling, who does not work in the company. At the same time, Wang Haoyu also serves as chairman and CEO of Hopkins Holding INC.
Also belonging to the "second generation of enterprises" is Chen Shanshan of Jinfu Technology. Jinfu Technology was founded in 2001. Its main business is the research and development, production and sales of plastic anti-theft bottle caps and other plastic packaging supplies. The company just landed on the Shenzhen Stock Exchange on November 6 this year. The actual controllers of Jinfu Technology are Chen Jinpei, Chen Wanru and Chen Shanshan. Chen Shanshan is the daughter of Chen Jinpei and Chen Wanru.According to the data, Chen Shanshan, who was born in 1990, has a bachelor's degree. She has been working at Jinfu Co., Ltd. since June 2011. She has served as the buyer and person in charge of purchasing at Jinfu Co., Ltd. Since June 2016, she has been the director and person in charge of purchasing of the company. In May 2017, He has served as chairman and general manager of the company since then.
Compared with the first two, ST Tiansheng Chairman Liu Shuang faces greater pressure.
ST Tiansheng is a pharmaceutical technology company that owns multiple drug varieties such as Pediatric Feike Granules, Yanshen Jianwei Capsules, and Dizhen Granules. Because the 2018 annual financial report was issued a disclaimer of opinion audit report by Beijing Xinghua Accounting Firm (Special General Partnership), the company's stock was subject to special treatment of "delisting risk warning" from April 29, 2019. The securities abbreviation Changed from "Tiansheng Pharmaceutical" to "*ST Tiansheng". After its 2019 financial report was issued a qualified audit report by Beijing Xinghua Accounting Firm (Special General Partnership), the company was revoked the delisting risk warning on July 13 this year, but other risk warnings continued to be implemented. The securities abbreviation was changed to "ST Tiansheng".
Liu Shuang has served as the chairman of ST Tiansheng since December 2018. He was born in September 1993. He is 27 years old this year. He graduated from the University of Miami, Oxford, USA, with a double major in accounting and economics. According to the company's 2019 annual report, it holds 7,500 shares of the company.
80 Elderly Chairmans Staying at Their Posts
Recently, news about whether and how to delay retirement has been widely circulated. However, in the entire A-share market, there are still 80 elders over 70 years old staying at their posts.
Among them, there are two people born in their 30s, namely Zhang Jingzhang, chairman of Haitian Seiko (601882.SH), who was born in 1937 and is 83 years old this year, and Li Yunxiao, chairman of Sun Cable (002300.SZ). In 2019, Li Yunxiao's salary was 1.207 million yuan, an increase of 31.80% from 915,800 yuan in 2018, not inferior to the young chairman at all.
"Investment Times" researchers noted that Sun Cable's main business is the production and manufacturing of wires and cables. The products are mainly used to transmit electrical energy, transmit information and manufacture various indispensable equipment for motors, electrical appliances and instruments. The actual controllers of the company are Li Yunxiao, Liu Xiuping and Li Wenliang. Li Wenliang is the son of Li Yunxiao and Liu Xiuping. From November 2002 to May 2019, Li Yunxiao served as the company's chairman and president. From May 2019, he only served as the company's chairman.
Among the 78 post-40s chairman, 68 disclosed their salary. Their average salary in 2019 was 1.0252 million yuan, ranking second among all age groups. Among them, the person with the highest salary is Gan Zhongru, chairman of Ganli Pharmaceuticals, with an annual salary of 11.45 million yuan. Gan Zhongru was born in 1948. He is 72 years old this year and has a doctorate degree. He is also the only post-40s chairman with an annual salary of more than 10 million yuan.
The person born in the 1940s with the lowest salary is Shi Pingxiang, chairman of Walter Gas (688268.SH), with an annual salary of 39,600 yuan in 2019. "Investment Times" researchers checked Wind data and noticed that as of the end of 2019, Shi Pingxiang held 12.7069 million shares of Walter Gas, and his salary and stock market value at the end of the period totaled 557 million yuan.
