Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, indicating a significant role in capital operations [1][3]. Salary Overview - The average salary for company secretaries in the public utility and power sector is approximately 750,600 yuan, with the highest salary being 1.8562 million yuan for Yang Yali from Xiexin Energy, and the lowest being 162,900 yuan for Guo Jing from Dalian Thermal Power [1][3]. - The average salary increased by 31,700 yuan from 2023, representing a 12% rise [3]. Age and Educational Background - The average age of company secretaries is about 47.9 years, with the majority (47%) aged between 50-59 years. The youngest is 33 years old, while the oldest is 62 years old [3]. - In terms of educational qualifications, the distribution is as follows: 46 with master's degrees, 32 with bachelor's degrees, 3 with associate degrees, and 1 with a secondary vocational degree. Average salaries correspond to these qualifications, with master's degree holders earning an average of 782,300 yuan [5]. Career Background - Company secretaries with prior sell-side experience, such as Yang Ning from Jiazhe New Energy, Song Yufei from Shanggou Environmental Energy, and Fan Xiaobo from Jinkai New Energy, have achieved higher salary levels, earning 1.6059 million yuan, 1.0349 million yuan, and 813,300 yuan respectively [7][8]. Compliance and Violations - A total of 7 company secretaries received warnings or public notifications for violations in 2024-2025. For instance, Hu Suping from Meiyan Jixiang received 4 warnings due to improper disclosure of related party transactions and delayed earnings announcements [9][10].

Core Insights - The report highlights that as of July 29, 2024, there are 5,817 listed companies in the A-share market, with a total of 1,144 secretaries earning over 1 million yuan, accounting for over 21% of the total [1] - The total salary for A-share secretaries reached 4.086 billion yuan in the previous year, with an average salary of 754,300 yuan [1] Salary Distribution in IT Services Industry - In the IT services sector, there are 153 listed companies, with an average secretary salary of 699,200 yuan, ranking 68th among 125 secondary industries [1] - The average salary for IT services secretaries decreased by 43,900 yuan compared to the previous year, ranking 105th in salary growth among 125 primary industries [1] - Among the 153 secretaries, 61 earn between 0-500,000 yuan, and 67 earn between 500,000-1 million yuan, indicating that over 80% earn below 1 million yuan [1] Highest and Lowest Salaries - The highest-paid secretary in the IT services industry is Zhou Liping from Wangsu Technology, earning 3.8818 million yuan, significantly higher than others [1] - The lowest-paid secretary among those in office since 2024 is Wang Leibing from Guozi Software, with a salary of 230,400 yuan [1] Age Distribution of Secretaries - The age distribution of secretaries ranges from 30 to 60 years, with the majority (83 out of 151) aged between 36-44 years, accounting for over 50% [3] - The highest average salary is found in the 48-year age group, with an average of 1.3083 million yuan, largely influenced by Zhou Liping's high salary [3] Educational Background - Among the 152 secretaries with available educational data, 83 hold master's degrees, and 59 hold bachelor's degrees, making up over 90% of the total [5] - The only secretary with a high school diploma is Cao Wei from Yakang Co., earning 667,300 yuan, only slightly lower than the average salary of those with bachelor's degrees [5] Relationship Between Salary and Stock Performance - An analysis of secretaries' salaries in the range of 0-1.5 million yuan shows that as salaries increase, the number of company surveys conducted also rises, from 30 to 120 [7] - However, stock price performance shows a significant negative correlation with secretary salaries, with corresponding annual price changes of 8.91%, 3.02%, and -3.37% [7]

Core Insights - The report highlights that in 2024, the total salary of A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - A total of 1,144 company secretaries earned over 1 million yuan annually, accounting for more than 21% of the total [1] Salary Distribution - The salary distribution for company secretaries in the A-share biopharmaceutical sector is as follows: - Below 500,000 yuan: 153 individuals (32%) - 500,000 to 1 million yuan: 199 individuals (41%) - 1 million to 2 million yuan: 114 individuals (23%) - 2 million to 3 million yuan: 16 individuals (3%) - Above 3 million yuan: 5 individuals (1%) [5] Top Earners - The five highest-paid company secretaries are: - Li Wenmei from Mindray Medical: 7.3876 million yuan - Jiang Yueheng from Yifang Bio: 5.2065 million yuan - Lü Hongbin from Dizhe Pharmaceutical: 4.2101 million yuan - Nie Anna from Mengke Pharmaceutical: 3.3837 million yuan - Liu Zheng from Shanghai Laishi: 3.2565 million yuan - Their tenure ranges from less than one year to 15 years, with Nie Anna being the youngest at 32 years old [7] Age Distribution - The age distribution of company secretaries is as follows: - Aged 40-50: 47% - Aged 50 and above: 23% - Aged 30-40: 29% - Aged below 30: 1%, with the youngest being 28 years old [1] Investor Engagement - The frequency of investor meetings varies significantly among companies: - Less than 10 meetings: 129 companies (32%) - 10 to 100 meetings: 149 companies (37%) - 100 to 300 meetings: 79 companies (20%) - 300 to 1000 meetings: 42 companies (10%) - More than 1000 meetings: 5 companies (1%) [9] Most Engaged Companies - The five companies with the highest number of investor meetings are: - Sanofi Biologics: 2,661 meetings - Bohui Innovation: 1,500 meetings - Zejing Pharmaceutical: 1,418 meetings - Aibo Medical: 1,263 meetings - Kangtai Medical: 1,107 meetings - Their respective company secretaries' salaries are: 1.1449 million yuan, 1.2012 million yuan, 1.4776 million yuan, 0.6833 million yuan, and 0.378 million yuan [10]

Core Insights - The report highlights the significant role of company secretaries (董秘) in connecting investors and listed companies, with a total salary of 4.086 billion yuan for A-share listed companies in 2024, averaging 754,300 yuan per secretary [1] Salary Overview - The average salary for company secretaries in the banking sector is 1.2722 million yuan, with the highest salary being 2.7608 million yuan for the secretary of China Merchants Bank, and the lowest at 127,600 yuan for the secretary of Industrial Bank [5] - The salary of the secretary from China Merchants Bank is 21 times that of the secretary from Industrial Bank [5] Demographics - Among the 42 A-share listed banks, 59.5% hold a master's degree, 23.8% have a doctoral degree, and 16.6% possess a bachelor's degree [3] - The majority of secretaries (57.1%) are aged between 50-59 years, indicating a strong presence of experienced professionals in the banking sector [1] Tenure and Changes - 57.1% of the company secretaries in the banking sector started their positions in 2024 or later, suggesting a trend of frequent changes in this role [5] - Notably, three of the four major state-owned banks have changed their secretaries three times within three years [5] Compliance Issues - Xi'an Bank has faced multiple disclosure violations, leading to a warning from the Shaanxi Regulatory Bureau due to inaccuracies in financial reporting from 2020 to 2022 [7] - The bank's secretary during this period, Shi Xiaoyun, was in charge for over seven years, raising questions about internal control effectiveness [7]