Core Viewpoint - The chairman of Absen, Ding Yanhui, expressed dissatisfaction with the company's governance structure and compensation mechanisms, indicating a need for internal reform, which he initiated by voting against his own re-election as chairman [1][4][6]. Group 1: Governance and Compensation Issues - Ding Yanhui's opposition to his re-election was framed as a protest against the company's compensation structure, which he described as "unscientific, unreasonable, and incomplete" [3][6]. - The company reported a significant decline in financial performance, with 2024 revenues of 3.663 billion yuan and a net profit of 117 million yuan, representing year-on-year decreases of 8.58% and 62.98%, respectively [5]. - In the first three quarters of the current year, the company showed signs of recovery, achieving revenues of 2.872 billion yuan and a net profit of 185 million yuan, with year-on-year increases of 5.66% and 57.33% [5]. Group 2: Shareholding Structure and Reform Challenges - The shareholding structure is heavily concentrated among three founders: Ding Yanhui (33.78%), Deng Jiangbo (16.61%), and Ren Yonghong (14.23%), which complicates decision-making and reform efforts [7][8]. - Ding Yanhui indicated that the reluctance of major shareholders to reduce their stakes is a barrier to necessary reforms, suggesting that their willingness to divest could facilitate company development [9][10]. - The company has faced challenges in governance due to the lack of a controlling shareholder since the termination of a joint control agreement in 2019, leading to inefficiencies in decision-making [9]. Group 3: Future Outlook and Leadership Intentions - Ding Yanhui stated that if reforms cannot be implemented, he may resign from his position as chairman, highlighting the urgency of addressing governance issues [11][12]. - He emphasized the importance of open discussions regarding his compensation as a means to initiate broader reforms within the company [6][12].

Group 1 - The core point of the news is that Ding Yanhui has been elected as the chairman of the sixth board of directors of Aibisen, despite voting against his own election due to dissatisfaction with the chairman's remuneration [1] - Ding Yanhui's pre-tax remuneration for 2024 is reported to be 4.3556 million yuan [3] - The remuneration details of senior management indicate that Ding Yanhui's compensation is significantly higher than that of other executives, with the next highest being 3.8008 million yuan [4] Group 2 - Ding Yanhui, born in 1973, founded Aibisen in August 2001 and has served as the chairman and legal representative since then, also holding the position of general manager for eighteen years [5] - He holds 124,671,149 shares of the company, representing 33.78% of the total share capital, making him the actual controller of the company [5]

Core Viewpoint - The chairman of Absen, Ding Yanhui, voted against his own re-election due to dissatisfaction with his salary, which has seen significant increases over the years [3][6]. Group 1: Chairman's Salary Discontent - Ding Yanhui cast the only dissenting vote during the board meeting on November 28, opposing his own election as chairman, citing dissatisfaction with the chairman's salary [3][6]. - His pre-tax salary for 2024 is reported at 4.36 million yuan, ranking 135th among A-share company chairmen, with a nearly sixfold increase from 730,000 yuan in 2020 to 4.36 million yuan in 2024 [9]. - The salary increase from 2023 to 2024 was approximately 51%, but excluding the employee stock plan's principal and earnings of 1.7399 million yuan, his actual salary would be 2.6157 million yuan [9]. Group 2: Personal Financial Needs - In October, Ding announced a plan to reduce his holdings by up to 3% of the company's total shares, citing "personal financial needs" as the reason for the sell-off [10]. Group 3: Company Performance Challenges - Absen's main business, LED display screens, is facing challenges, with both sales volume and price declining. The average selling price dropped from 12,300 yuan per square meter in 2022 to 9,920 yuan in 2024, and sales volume decreased from 373,800 square meters to 355,800 square meters [13]. - The company's production capacity utilization rate fell to 68%, with actual production of 217,000 square meters out of a total capacity of 320,000 square meters [13]. - For 2024, Absen reported a revenue of 3.663 billion yuan, an 8.58% year-on-year decline, and a net profit of 117 million yuan, down 62.98% year-on-year, primarily due to a shrinking domestic market [13]. Group 4: Strategic Adjustments - In response to industry challenges, Absen is shifting its strategy to focus on high-value clients and has begun to cut low-margin, long-account period businesses [14]. - The company is also pursuing a "branding + light asset + digitalization" strategy, maintaining fixed assets around 600 million yuan, significantly lower than competitors [14]. - Absen has started to explore the energy storage business since 2023, although it currently contributes minimally to revenue [14]. - In the third quarter, Absen reported a revenue of 1.053 billion yuan, a 14.5% year-on-year increase, and a net profit of approximately 69.05 million yuan, up 138.55% year-on-year [14].

Core Points - Absen (300389.SZ) recently held its first meeting of the sixth board of directors, where founder Ding Yanhui was re-elected as chairman with a vote of 8 to 1, with the sole opposing vote coming from himself due to dissatisfaction with his salary [1][3] - Ding Yanhui clarified that his opposition was not about his salary but rather about the company's incentive mechanism, highlighting concerns over the concentrated shareholding structure of Absen [3] - For the first three quarters of 2025, Absen reported revenues of 2.872 billion yuan and a net profit attributable to shareholders of 185 million yuan [3] Company Information - Ding Yanhui's salary for 2024 was reported at 4.3556 million yuan, an increase of 1.4711 million yuan from the previous year [4] - Absen was founded in 2001 and is recognized as a leading provider of LED display applications and services globally [3][4] - Ding Yanhui has held various positions within the company and has been its chairman and legal representative since its inception [4]

Group 1 - The core point of the article is the unexpected opposition of Ding Yanhui, the actual controller and newly elected chairman of Absen Optoelectronics, to his own election due to dissatisfaction with the chairman's remuneration [1][5] - Ding Yanhui's pre-tax remuneration for 2024 is reported to be 4.3556 million yuan [5][8] - The company achieved an operating revenue of 3.66262 billion yuan and a net profit attributable to shareholders of 116.89 million yuan for the year 2024 [8][9] Group 2 - Ding Yanhui, born in 1973, has been the chairman and legal representative of Absen since its establishment in 2001, holding 33.78% of the company's total shares [3][4] - The total market capitalization of the company as of December 2 is reported to be 5.909 billion yuan [8] - The company's net profit growth rate for 2024 is noted to be -62.98%, indicating a significant decline compared to previous years [9]

Core Viewpoint - The chairman of Aibisen, Ding Yanhui, cast the only dissenting vote against the election of the new board chairman due to dissatisfaction with the chairman's compensation and the company's incentive mechanism [1][3]. Group 1: Board Meeting and Voting Results - On November 28, Aibisen announced the resolution of the first meeting of the sixth board of directors, where the proposal to elect the new chairman received 8 votes in favor, 1 against, and no abstentions or recusal [1]. - Ding Yanhui, as the chairman, voted against the proposal, citing dissatisfaction with the chairman's compensation as the reason for his dissent [1]. Group 2: Chairman's Concerns - Ding Yanhui later clarified that his dissent was due to dissatisfaction with the company's incentive mechanism rather than the salary itself, attributing the issue to a concentrated shareholding structure that hinders governance optimization [3]. - He emphasized that the company's governance structure has serious issues, the profit distribution mechanism is inadequate, and the compensation distribution mechanism is unscientific and unreasonable [3]. Group 3: Chairman's Background and Compensation - Ding Yanhui, born in 1973, is the actual controller of Aibisen, holding 124,671,149 shares, which accounts for 33.78% of the total share capital [5]. - In 2024, Ding received a pre-tax compensation of 4.3556 million yuan, which includes 1.7399 million yuan from the employee stock ownership plan, marking a 51% increase from his 2.8845 million yuan salary in 2023 [5].

Core Viewpoint - The actual controller of Aibisen, Ding Yanhui, expressed dissatisfaction with the company's governance structure and compensation distribution mechanisms, indicating a need for internal reform, which he initiated by voting against his own re-election as chairman [1][4][5]. Group 1: Company Governance and Compensation - Ding Yanhui's vote against his re-election was primarily aimed at highlighting issues within the company's governance and compensation systems, rather than personal dissatisfaction with his salary of 4.36 million yuan, which increased significantly by nearly 1.5 million yuan year-on-year [2][3]. - The company reported a revenue of 3.663 billion yuan and a net profit of 117 million yuan for 2024, showing declines of 8.58% and 62.98% respectively compared to the previous year, while the first three quarters of the current year showed improvements with revenues of 2.872 billion yuan and a net profit of 185 million yuan, reflecting year-on-year growth of 5.66% and 57.33% [3][4]. Group 2: Shareholding Structure and Reform Challenges - Aibisen's shareholding structure is concentrated among three founders, with Ding Yanhui holding 33.78%, which complicates decision-making and reform efforts due to potential resistance from other major shareholders [6][8]. - Ding Yanhui indicated that the lack of willingness from other major shareholders to reduce their stakes is a significant barrier to implementing necessary reforms, which he believes would benefit the company by allowing for greater market participation [6][7].

Core Viewpoint - The chairman of Aibisen, Ding Yanhui, expressed dissatisfaction with his salary during the board meeting, casting the only dissenting vote against his own election as chairman, which has raised market concerns about the company's internal dynamics [1][3]. Group 1: Company Leadership and Governance - Ding Yanhui was elected as the chairman of Aibisen during the first meeting of the sixth board of directors on November 28, but he voted against his own election due to dissatisfaction with the chairman's salary [1][3]. - Ding Yanhui holds 33.78% of the company's shares and has been the chairman since the company's founding in 2001 [3][8]. - His salary for 2024 is reported to be 4.36 million yuan, ranking 135th among chairmen of over 5,000 A-share companies, with a significant increase from 730,000 yuan in 2020 to 4.36 million yuan in 2024, marking a nearly sixfold increase [5][6]. Group 2: Financial Performance - Aibisen's revenue for 2024 is projected to be 3.663 billion yuan, a year-on-year decrease of 8.58%, with a net profit of 117 million yuan, down 62.98% compared to the previous year [10][11]. - The company has faced challenges with a decline in both sales volume and price for its LED display products, with sales price dropping from 123,000 yuan per square meter in 2022 to 99,200 yuan in 2024 [10]. - In the third quarter of this year, Aibisen reported a revenue of 1.053 billion yuan, a year-on-year increase of 14.5%, and a net profit of approximately 69 million yuan, up 138.55% year-on-year [12]. Group 3: Strategic Adjustments - Aibisen is undergoing strategic adjustments to address industry challenges, focusing on high-value clients and cutting low-margin, long-account receivable businesses [11]. - The company is also exploring new growth areas, including energy storage solutions, although this segment currently contributes minimally to overall revenue [11].

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].