Group 1 - The core point of the article is that Absen (300389.SZ) held its first meeting of the sixth board of directors, where founder Ding Yanhui was re-elected as chairman with a vote of 8:1, with the only opposing vote coming from himself due to dissatisfaction with his salary [1][3]. - Ding Yanhui's salary for 2024 is reported to be 4.3556 million yuan, an increase of 1.4711 million yuan from the previous year [4]. - The company has a concentrated shareholding structure, which Ding Yanhui believes is difficult to optimize through negotiation [4]. Group 2 - Absen was founded in 2001 and is a leading provider of LED display applications and services globally [4]. - For the first three quarters of 2025, Absen achieved a revenue of 2.872 billion yuan and a net profit attributable to shareholders of 185 million yuan [4]. - The unusual opposing vote from Ding Yanhui sparked discussions on social media, with comments highlighting the perceived inadequacy of his salary [2].

Core Viewpoint - The recent board meeting of Aibisen highlighted a significant governance issue, as founder Ding Yanhui cast the only dissenting vote against the election of the new chairman, citing dissatisfaction with the chairman's compensation as the reason [1][3]. Group 1: Governance and Shareholder Structure - Ding Yanhui's dissenting vote was later clarified to reflect his concerns about the company's governance structure and incentive mechanisms rather than just salary dissatisfaction [4]. - He expressed that the company's ownership structure is overly concentrated, making it difficult for institutional and retail investors to participate effectively [6]. - Ding has been actively increasing his stake in the company, having acquired 41 million shares through a private placement in 2022, funded by a personal loan of 260 million yuan [6]. Group 2: Financial Performance - Aibisen reported strong financial results for the first three quarters of 2025, with revenue reaching 2.872 billion yuan, a year-on-year increase of 5.66% [6]. - The net profit attributable to shareholders was 185 million yuan, reflecting a substantial year-on-year growth of 57.33% [6]. - The net profit after excluding non-recurring gains and losses was 163 million yuan, showing an impressive growth rate of 107.40% compared to the previous year [6]. Group 3: Industry Context and Leadership - The situation with Ding Yanhui is not an isolated case, as it mirrors instances in other companies where founders have faced challenges in adapting to market changes and governance structures [8]. - The incident serves as a reminder of the need for effective communication mechanisms and reform paths when founder interests conflict with corporate governance [8]. - The governance attempt by Ding Yanhui is viewed as a significant step towards maturity in corporate governance practices [9].

Group 1 - The core issue revolves around the dissatisfaction of Ding Yanhui, the founder and chairman of Aibisen, regarding his salary, despite it being substantial at 4.3556 million yuan for 2024, which represents a year-on-year increase of over 50% [2] - Aibisen's net profit attributable to shareholders is projected to decline by 66.82% in 2024, contrasting sharply with the chairman's salary increase, although there was a more than 60% year-on-year growth in the third quarter of this year [2][3] - Ding Yanhui's discontent may stem from broader issues beyond salary, particularly related to his control over the company and the financial maneuvers he has undertaken since becoming the actual controller in 2022 [3] Group 2 - In May 2022, Ding Yanhui acquired 41 million shares of Aibisen at 6.33 yuan per share, totaling 260 million yuan, which allowed him to become the actual controller of the company [3] - Following this acquisition, Aibisen distributed significant dividends totaling 701 million yuan from 2022 to 2024, with Ding Yanhui receiving 242 million yuan, including a substantial dividend of 537 million yuan shortly after he became the actual controller [3][4] - Ding Yanhui's strategy involved increasing his shareholding through low-priced placements and subsequently utilizing dividends to recover cash flow, which has recently faced resistance from shareholders [4]

Group 1 - The company Absen (300389.SZ) announced that the first meeting of its sixth board of directors will be held on November 28, 2025, where multiple proposals will be reviewed [2] - A significant change occurred during the election of the chairman of the sixth board, as Ding Yanhui was elected but voted against his own election due to dissatisfaction with the chairman's salary [2] - The announcement did not specify whether Ding Yanhui's dissatisfaction was due to the salary being too high or too low [2] Group 2 - Ding Yanhui, the founder of Absen, holds 125 million shares, accounting for 33.78% of the company's total share capital, making him the actual controller of the company [2] - According to the 2024 annual report, Ding Yanhui received a pre-tax total remuneration of 4.3556 million yuan from the company last year [2]

Core Viewpoint - The article emphasizes the importance of utilizing authoritative and professional analyst reports from Jin Qilin to identify potential investment opportunities in the stock market [1] Group 1 - Jin Qilin analyst reports are characterized as authoritative, professional, timely, and comprehensive [1] - The reports assist investors in uncovering potential thematic opportunities in the market [1]

Group 1 - The chairman of Aibisen, Ding Yanhui, voted against his own re-election due to dissatisfaction with his salary [2] - The board meeting resulted in 8 votes in favor and 1 vote against, with Ding Yanhui being the sole dissenting vote [2] - Ding Yanhui's pre-tax compensation for 2024 is reported to be 4.3556 million yuan, which includes 1.7399 million yuan from an employee stock ownership plan, marking a 51% increase from 2.8845 million yuan in 2023 [5] Group 2 - Aibisen was established in 2001 and went public on August 1, 2014, focusing on the research, production, sales, and service of LED application products [5] - As of November 28, Ding Yanhui holds 125 million shares, representing 33.78% of the company's total equity, making him the actual controller of Aibisen [5] - Aibisen's Q3 report indicates a revenue of 2.872 billion yuan for the first three quarters of the year, a year-on-year increase of 5.66%, and a net profit attributable to shareholders of 185 million yuan, up 57.33% [5]

Group 1 - The chairman of Aibisen, Ding Yanhui, cast the only opposing vote against his own re-election due to dissatisfaction with his salary [1] - Aibisen's 2024 annual report indicates that Ding Yanhui received a pre-tax total compensation of 4.3556 million yuan, which includes 1.7399 million yuan from the employee stock ownership plan [2] - Ding Yanhui's salary increased by approximately 51% from 2.8845 million yuan in 2023 to 4.3556 million yuan in 2024 [2] Group 2 - Aibisen was established in 2001 and went public on August 1, 2014, focusing on the research, production, sales, and service of LED application products [2] - As of November 28, Ding Yanhui directly holds 125 million shares, accounting for 33.78% of the company's total equity, making him the actual controller of Aibisen [2] - Aibisen's Q3 report shows a revenue of 2.872 billion yuan for the first three quarters, a year-on-year increase of 5.66%, and a net profit attributable to shareholders of 185 million yuan, up 57.33% year-on-year [2]

来源：董秘第一圈 11月28日，深圳市艾比森光电股份有限公司（300389）发布《第六届董事会第一次会议决议公告》。公 司实际控制人、第五届董事会董事长丁彦辉被选举为公司第六届董事会董事长。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 令人意外的是，丁彦辉对选举他担任董事长的议案投了反对票，反对理由是对董事长岗位薪酬不满意。 而丁彦辉2024年从公司获得的税前报酬总额为435.56万元。 截至12月2日收盘，公司总市值59.09亿元。 责任编辑：杨红卜 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 公开资料显示，丁彦辉1973 年出生，1996 年毕业于甘肃陇东学院中文系，2004 年至 2010 年在清华大 学深圳研究生院EMBA班、金融投资班、市场营销班学习。2001 年 8 月创业成立艾比森，一直担任公 司董事长、法定代表人至今。丁彦辉直接持有公司股份124，671，149 股，占公司总股本的 33.78%， 是艾比森实际控制人。 公开资料显示，丁彦辉1973 年出生，1996 年毕业于甘肃陇东学院中文系，2004 年至 2010 年在清华大 学 ...

Core Viewpoint - The chairman of Aibisen, Ding Yanhui, voted against his own re-election due to dissatisfaction with his salary, which has seen significant increases over the years [2][5][20]. Group 1: Chairman's Salary and Voting - Ding Yanhui cast the only dissenting vote against his re-election as chairman during the board meeting on November 28, citing dissatisfaction with the chairman's salary [2][5][21]. - His pre-tax salary for 2024 is reported at 4.36 million yuan, ranking 135th among over 5,000 A-share companies [7][23]. - From 2020 to 2024, his salary increased nearly sixfold, from 730,000 yuan to 4.36 million yuan, with a 51% increase from the previous year [7][23]. Group 2: Shareholding and Personal Financial Needs - Ding Yanhui holds a 33.78% stake in Aibisen and has announced plans to reduce his holdings by up to 3% due to personal financial needs [5][10][26]. - His entrepreneurial journey began in 1996, leading to the establishment of Aibisen, which has since expanded into international markets [10][28]. Group 3: Company Performance and Challenges - Aibisen's main business involves the R&D, production, and sales of LED displays, but it is currently facing challenges with declining sales prices and volumes [15][31]. - The average sales price of LED displays dropped from 123,000 yuan per square meter in 2022 to 99,200 yuan in 2024, with sales volume decreasing from 373,800 square meters to 355,800 square meters [15][31]. - The company's revenue for 2024 is projected at 3.663 billion yuan, an 8.58% year-on-year decline, with net profit down 62.98% [15][31]. Group 4: Strategic Adjustments - Aibisen is undergoing strategic adjustments, focusing on high-value clients and cutting low-margin, long-term businesses starting in the second half of 2024 [15][31]. - The company maintains a light asset operation model with fixed assets around 600 million yuan, significantly lower than competitors [16][32]. - In Q3 2023, Aibisen reported a revenue of 1.053 billion yuan, a 14.5% increase year-on-year, and a net profit of approximately 69.05 million yuan, up 138.55% [31][32].

Core Viewpoint - The recent board meeting of A-share listed company Aibison (300389.SZ) witnessed a dramatic event where the actual controller, Ding Yanhui, was elected as chairman but voted against his own election due to dissatisfaction with the chairman's salary [2][3]. Group 1: Company Governance - Aibison's sixth board meeting was held on November 28, 2025, where multiple proposals were approved, including the election of the chairman and the appointment of senior management [2]. - Ding Yanhui received 9 votes in favor of his election as chairman but cast one vote against it, citing dissatisfaction with the salary [3]. Group 2: Financial Performance - In 2024, Aibison reported total revenue of 3.663 billion yuan, a year-on-year decrease of 8.58%, and a net profit attributable to shareholders of 117 million yuan, down 62.98% [7]. - For the first three quarters of the current year, the company achieved revenue of 2.872 billion yuan, an increase of 5.66%, and a net profit of 185 million yuan, up 57.33% [7]. Group 3: Executive Compensation - Ding Yanhui's pre-tax compensation for 2024 was 4.3556 million yuan, which includes 1.7399 million yuan from an employee stock ownership plan, representing a significant increase of approximately 51% from 2.8845 million yuan in 2023 [6].