Xin Lang Cai Jing·2025-12-30 05:35Core Viewpoint - Minsheng Bank's chairman, Gao Yingxin, has seen a significant decrease in his total compensation for 2024, reflecting the bank's declining performance in key financial metrics [2][3]. Group 1: Executive Compensation - Gao Yingxin's total compensation for 2024 is reported to be 4.9676 million yuan, which includes a base salary of 3.3463 million yuan and an additional 1.6213 million yuan disclosed later [2][8]. - Compared to 2023, Gao's total compensation has decreased by 909,700 yuan, with a reduction in base salary by 388,900 yuan and a decrease in the additional portion by 520,800 yuan [2][8]. - Despite the reduction, Gao remains the highest-paid chairman among joint-stock banks, which has sparked controversy given Minsheng Bank's relatively lower scale and performance [3][9]. Group 2: Bank Performance - Minsheng Bank's financial performance for 2024 shows a decline, with operating income down by 3.21% and net profit attributable to shareholders down by 9.85% [2][8]. - Other key business indicators have also decreased, including net interest income down by 3.70% and net commission income down by 5.20%, alongside a drop in the provision coverage ratio by 7.75 percentage points [2][8]. Group 3: Leadership Context - Gao Yingxin, born in July 1962, is currently over 63 years old, which raises questions about his tenure as chairman, especially considering the previous chairman also stepped down at the same age [10]. - There is uncertainty regarding whether Minsheng Bank will undergo a leadership change by 2026, as Gao's future in the role remains unclear [11].