CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-05-22 00:56Group 1 - CATL officially listed on the Hong Kong Stock Exchange on May 20, opening with a 12.55% increase at HKD 296, raising a net amount of HKD 35.33 billion [1] - The IPO was highly oversubscribed, with over HKD 280 billion in subscriptions, indicating a 120 times oversubscription rate [1] - The company attracted 23 cornerstone investors, including Sinopec and Kuwait Investment Authority, who collectively subscribed for over HKD 20.37 billion, accounting for more than 40% of the total fundraising [1] Group 2 - A growing trend of securities professionals transitioning to the role of company secretary (董秘) has emerged, with 437 such individuals identified in A-shares, representing approximately 8.14% of total company secretaries [3] - The shift is driven by tightening IPO policies and declining profitability in the securities industry, prompting professionals to seek new career paths [3][4] - Companies are increasingly favoring candidates with extensive capital market experience, particularly those from investment banking backgrounds, as they meet the rising demands for professional competence in key positions [4] Group 3 - The majority of the 437 company secretaries with securities backgrounds have experience in investment banking, with 225 individuals from this sector [4] - The sectors with the highest representation of these company secretaries include electronics, pharmaceuticals, and power equipment [5] - Most of these individuals have transitioned to private companies, with 330 out of 437 taking roles in private enterprises [5][6] Group 4 - The performance of companies with securities background company secretaries in 2024 shows that 59.05% achieved revenue growth, slightly above the A-share average of 56.06% [8] - However, the net profit growth for these companies was 46.29%, which is slightly below the A-share average of 47.49% [8] - The analysis indicates that companies with securities background company secretaries performed better in revenue growth compared to the overall market, particularly in the Shenzhen main board [10] Group 5 - The average salary for company secretaries with securities backgrounds in 2024 was approximately CNY 963,300, which is higher than the A-share average of CNY 799,300 [26] - A total of 113 company secretaries earned over CNY 1 million in 2024, indicating a lucrative compensation structure for this group [26] - The highest-paid company secretary in 2024 was from TCL Technology, earning CNY 5.82 million, reflecting the potential financial rewards in this career path [28][29]