专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 从违规情况来看，行业内共有5名财务总监CFO在2024-2025年收到过警示函、公开通报或内部通报的情况。 | 公司 | 财务总监CFO | 年龄 | 学历 | 2024薪酬 (ケπ) | 2024-2025年 收到警示或批评次数 | | --- | --- | --- | --- | --- | --- | | 梅雁吉祥 | 刘冬梅 | 50 | 本科 | 63.95 | র্য | | 宁波能源 | 意量的 | 未披露 | 硕士 | 72.04 | 2 | | 江苏国信 | 顾中林 | 53 | 本科 | 69.12 | 2 | | 拓日新能 | 余永米 | રેણ | 大专 | 59.78 | 2 | | *ST聆达 | 谢景远 | ਪਰ | 硕士 | 20.29 | | 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市 公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 分行业来看，公用事业-电力行 ...

Summary of Key Points Core Viewpoint - The report highlights the salary trends of CFOs in A-share listed companies for 2024, indicating a total compensation of 4.27 billion yuan and an average salary of 814,800 yuan, with significant variations across industries and individual companies [1][3]. Salary Distribution - The total salary for CFOs in A-share listed companies reached 4.27 billion yuan, with an average salary of 814,800 yuan [1]. - In the public utility and power sector, the average salary for CFOs is approximately 743,800 yuan, with the highest being 1.90 million yuan for Liu Xiaojun of JinkoSolar and the lowest at 202,900 yuan for Xie Jingyuan of *ST Lingda [1]. - The majority of CFOs (61%) earn between 500,000 and 1 million yuan [1]. Age Structure - The average age of CFOs is approximately 49.58 years, with the most common age group being 40-49 years, comprising 39% of the total [3]. - The oldest CFOs are Zhou Hui of Linyang Energy and Zhu Yunshao of Shaoneng Co., both aged 57, while the youngest is Liu Zhenxin of Jiuzhou Group at 40 years old [3]. Educational Background - The educational distribution shows 3 PhDs, 19 Master's degrees, 30 Bachelor's degrees, and 5 Associate degrees, with corresponding average salaries of 1.11 million yuan, 860,200 yuan, 683,000 yuan, and 532,700 yuan respectively, indicating a positive correlation between education level and salary [5]. - Notable high-earning PhD CFOs include Zhou Changxin of Guotou Power and Zhan Pingyuan of Changjiang Power, with salaries exceeding 1 million yuan [5]. Performance and Compensation Relationship - There are instances of salary increases for CFOs despite declines in company performance, such as Liu Xijin of Jiawei New Energy, whose salary rose by 107% while the company's net profit fell by 1.84 billion yuan [7]. - The report notes that 5 CFOs received warnings or public notifications for violations in 2024-2025 [7]. Violations and Warnings - Specific cases of CFOs receiving warnings include Liu Dongmei of Meiyan Jixiang, who received 4 warnings related to improper financial disclosures, with a salary of 639,500 yuan [8]. - Other CFOs, such as Xia Xueling of Ningbo Energy and Gu Zhonglin of Jiangsu Guoxin, also faced warnings for various compliance issues, with salaries of 720,400 yuan and 691,200 yuan respectively [9][10].

Core Viewpoint - The stock price of Tuojin New Energy has decreased slightly, indicating potential market volatility and investor sentiment towards the company [1] Group 1: Company Overview - Tuojin New Energy specializes in photovoltaic equipment manufacturing, focusing on the research, production, and sales of solar cell modules and photovoltaic power generation systems [1] - The company's products are widely used in photovoltaic power plants and distributed generation sectors [1] Group 2: Financial Performance - As of August 4, 2025, Tuojin New Energy's stock price was reported at 3.67 yuan, down by 0.02 yuan, reflecting a decline of 0.54% from the previous trading day [1] - The trading volume on that day was 459,351 hands, with a total transaction amount of 167 million yuan [1] - The company experienced a net outflow of main funds amounting to 11.63 million yuan on August 4, with a cumulative net outflow of 32.79 million yuan over the past five trading days [1] - The current total market capitalization of the company is 5.186 billion yuan, while the circulating market capitalization stands at 5.110 billion yuan [1]

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - In the public utility sector, the average age of CFOs is approximately 48.48 years, with an average salary of about 754,900 yuan [1] - The highest salary among CFOs in the public utility sector is 3.028 million yuan, while the lowest is 0 yuan, indicating a significant disparity in compensation [1] Group 2 - The educational background of CFOs shows that the majority hold a bachelor's degree, with 49 individuals, while 41 have a master's degree, reflecting the industry's high demand for professional knowledge and comprehensive skills [3] - There are 7 CFOs in the public utility sector who have been involved in violations between 2024 and 2025, suggesting potential concerns regarding compliance and financial transparency [5] - Liu Dongmei, the CFO of Meiyan Qixiang, has the highest number of violation records in the industry, with a total of 4 instances [6]

Core Points - The CSI Yingda Energy Internet Equal-Weight Index (CS Yingda EI) has shown significant growth, with a 10.47% increase over the past month, 9.57% over the past three months, and a 10.26% increase year-to-date [1] - The index comprises up to 80 securities selected from various sectors related to energy internet, including distributed photovoltaics, wind power, energy storage, and more, using an equal-weighting method to reflect the overall performance of listed companies in this sector [1] - The index's top ten holdings include companies such as GCL-Poly Energy (3.36%), Power Source (3.32%), and Guoxuan High-Tech (3.28%), indicating a diverse representation within the energy sector [1] - The index is primarily composed of industrial (71.70%) and communication services (14.19%) sectors, with public utilities (8.62%) and information technology (2.88%) also represented [2] Index Composition - The CSI Yingda Energy Internet Equal-Weight Index is adjusted quarterly, with sample adjustments occurring in March, June, September, and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (55.70%) and the Shanghai Stock Exchange (44.30%) [1]

Market Performance - The POE film concept declined by 2.39%, ranking among the top declines in the concept sector as of the market close on July 15 [1] - Within the POE film sector, stocks such as Tuojri New Energy and Yamaton hit the daily limit down, while companies like Saiwu Technology, Changyang Technology, and Tianyang New Materials experienced significant declines [1] Capital Flow - The POE film concept saw a net outflow of 309 million yuan from main funds today, with 20 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 10 million yuan [2] - The stock with the highest net outflow was Yamaton, with a net outflow of 65.6 million yuan, followed by Satellite Chemical and Changyang Technology with net outflows of 62.7 million yuan and 58.8 million yuan, respectively [2] - Conversely, stocks with the highest net inflow included Yueyang Xingchang, Chengzhi Co., and Tuojri New Energy, with net inflows of 10.5 million yuan, 8.9 million yuan, and 7.5 million yuan, respectively [2] Individual Stock Performance - Yamaton saw a decline of 9.99% with a turnover rate of 17.93% and a main fund outflow of 65.6 million yuan [3] - Satellite Chemical decreased by 1.55% with a main fund outflow of 62.7 million yuan [3] - Changyang Technology fell by 4.64% with a main fund outflow of 58.8 million yuan [3] - Other notable declines included Saiwu Technology at -7.04% and Tianyang New Materials at -3.26% [3]

Group 1 - The company expects a significant decline in net profit for the current reporting period, projecting a loss of between 68 million yuan and 48 million yuan compared to a profit of 22.31 million yuan in the same period last year, representing a decrease of 404.73% to 315.10% [1] - The company's net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be a loss of between 75 million yuan and 55 million yuan, down 345.84% to 280.28% from a profit of 30.51 million yuan in the previous year [1] - Basic earnings per share are projected to be a loss of between 0.0481 yuan and 0.0340 yuan, compared to earnings of 0.0158 yuan per share in the same period last year [1] Group 2 - The decline in performance is attributed to the continuous decrease in product prices within the industry, which has negatively impacted the company's revenue and gross margin from photovoltaic glass and components [1] - The company's photovoltaic power generation business has also faced revenue and gross margin declines due to power restriction factors [1] - The company maintains a strong financial position with a low debt-to-asset ratio and ample capital reserves, focusing on its core photovoltaic business and aiming to expand commercial distributed photovoltaic power stations to enhance profitability [2]

Core Viewpoint - On July 14, the Shanghai Composite Index rose by 0.27%, with institutional investors appearing on the trading lists of 35 stocks, net buying 19 and net selling 16 [1] Institutional Trading Summary - Institutional special seats net bought the most in Xiangyang Bearing, which closed at the daily limit with a turnover rate of 27.67% and a transaction amount of 2.076 billion yuan, net buying 110.74 million yuan [2] - San Chuan Wisdom closed up 15.27% with a turnover rate of 32.50%, net buying 75.27 million yuan, but had a net outflow of 35.2 million yuan [2] - Zhongke Magnetic Industry closed down 5.10% with a turnover rate of 45.77%, net buying 53.99 million yuan, but had a net outflow of 49.77 million yuan [2] Market Performance - The average increase of stocks with institutional net purchases was 2.36%, outperforming the Shanghai Composite Index [3] - Stocks like Changrong Co. and Xinling Electric showed strong performance, closing at the daily limit [3] - Historical data indicates a 52.06% probability of stocks with institutional net purchases rising the next day, and a 39.70% probability of rising in the following three days [3] Earnings Forecasts - Among the stocks with institutional net purchases, four have released half-year earnings forecasts, with Yuhua Development expected to have a net profit of 200 million yuan, a year-on-year increase of 708% [3] Net Selling Summary - The stock with the highest net selling by institutions was Siyuan Electric, with a net selling amount of 162.84 million yuan, while also seeing a net inflow of 98.77 million yuan [3] - Dazhihui was noted for a net selling of 120.24 million yuan, with a significant net outflow of 433 million yuan [4] Deep and Shanghai Stock Connect - On July 14, 15 stocks on the trading list had appearances from the Deep and Shanghai Stock Connect, with Siyuan Electric and Zhongke Jincai seeing net purchases of 139 million yuan and 113 million yuan respectively [7][8] - Stocks like Hengbao Co. and Greenland Holdings experienced significant net selling amounts of 193 million yuan and 79.38 million yuan respectively [8]

[Topray Solar 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Shenzhen%20Topray%20Solar%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a significant net loss attributable to shareholders for H1 2025, ranging from **RMB 48 million to RMB 68 million**, representing a substantial year-over-year decline from the prior period's profit 2025 Semi-Annual Performance Forecast | Metric | Current Period (Jan 1 - Jun 30, 2025) | Prior Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 48.00 million to RMB 68.00 million | Profit: RMB 22.315 million | Decrease: 315.10% to 404.73% | | **Net Profit After Non-Recurring Items** | Loss: RMB 55.00 million to RMB 75.00 million | Profit: RMB 30.5077 million | Decrease: 280.28% to 345.84% | | **Basic Earnings Per Share** | Loss: RMB 0.0340/share to RMB 0.0481/share | Profit: RMB 0.0158/share | - | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company explicitly states that the financial data in this performance forecast has not been pre-audited by an accounting firm - The financial data in this performance forecast has not been pre-audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance decline is primarily due to intensified competition and price drops in the photovoltaic industry affecting solar glass and module revenue and gross margins, alongside reduced income from power generation due to power curtailment, though the company maintains a stable financial position and plans to focus on industrial and commercial distributed PV stations for improved profitability - Intensified competition and supply-demand imbalance in the photovoltaic industry led to continuous price declines across the value chain, resulting in decreased revenue and gross margins for the company's solar glass and module businesses[5](index=5&type=chunk) - The company's photovoltaic power generation business also experienced a decline in revenue and gross margin due to power curtailment[5](index=5&type=chunk) - The company emphasizes its stable financial position, maintaining a low asset-liability ratio within the industry, and possessing ample cash reserves[5](index=5&type=chunk) - Future strategy will focus on the core photovoltaic business, prioritizing the development of industrial and commercial distributed photovoltaic power stations to enhance profitability[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) The company advises investors that this forecast is a preliminary estimate, with final data subject to the 2025 semi-annual report, and specifies official disclosure channels while cautioning about investment risks - The data in this performance forecast represents preliminary estimates by the company's finance department, with final performance and financial data subject to the company's 2025 semi-annual report[7](index=7&type=chunk) - The company's designated information disclosure media are Securities Times, Securities Daily, and Juchao Information Network (www.cninfo.com.cn)[7](index=7&type=chunk)

Core Viewpoint - The company,拓日新能, is expected to report significant net losses for the first half of 2025, primarily due to intensified competition in the photovoltaic industry and a supply-demand imbalance affecting product prices [1] Financial Performance - The net profit attributable to shareholders is projected to be a loss of between 68 million yuan and 48 million yuan, representing a year-on-year decline of 404.73% to 315.10% [1] - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 75 million yuan and 55 million yuan, reflecting a year-on-year decrease of 345.84% to 280.28% [1] - Basic earnings per share are anticipated to be a loss ranging from 0.0481 yuan to 0.034 yuan [1] Business Segment Performance - The company's photovoltaic glass and module business is experiencing a decline in both revenue and gross margin due to ongoing price decreases in the industry [1] - The photovoltaic power generation business is also facing revenue and gross margin reductions, impacted by constraints in electricity factors [1]