Core Insights - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest annual salary for a CFO in the internet e-commerce sector was 3.70 million yuan, paid by Saiwei Times to CFO Lin Wenjia, while the lowest was 360,500 yuan paid by ST Tongpu to CFO Jia Xu [1][2] - Among the companies that paid over 1 million yuan in annual salary to their CFOs, seven companies were identified, including Huakai Yibai and Qingshu Technology [1] Company Performance - Saiwei Times, despite paying the highest CFO salary, showed declining profitability with decreased gross margin, net margin, and ROE [2] - Focus Technology paid its CFO Gu Jun an annual salary of 1.62 million yuan, which is significantly higher than the chairman's salary by 660,000 yuan. However, the company faced a 52.09% drop in net profit to 167 million yuan and a continuous decline in sales gross margin from 37.92% in 2022 to 33.85% in 2024 [3] - Guo Lian Co. paid its CFO Tian Tao 1.32 million yuan, exceeding the industry average, but faced scrutiny from the Beijing Securities Regulatory Bureau due to prior accounting errors [3] - Liren Liyang paid its CFO Xu Ding 1.47 million yuan, but the company reported a significant decline in performance, with revenue dropping 37.44% to 1.728 billion yuan and a net loss of 24.4 million yuan, a 182.64% decline year-on-year [4]

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！ 登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市 公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 焦点科技为CFO顾军支付162万元年薪，位居互联网电商行业第二，年薪甚至比董事长还高出66万。 华凯易佰为CFO贺日新支付109万元年薪，远超行业平均。2024年，华凯易佰盈利能力趋弱，库存压力 较重。一方面，公司净利润大幅下挫同比减少52.09%至1.67亿元；销售毛利率持续下降，2022年-2024 年公司销售毛利率分别为37.92%、36.96%、33.85%，变动趋势持续下降。另一方面，公司库存压力加 大，存货占比持续增长，2022-2024年，公司存货/资产总额比值分别为19.12%、25.9%、40.88%，持续 增长，公司存货周转率在2024年大幅下降。 国联股份为CFO田涛支付132万元年薪，远超行业 ...

Group 1 - Niuwei Co., Ltd. reported a net profit of 637 million yuan for the first half of 2025, representing a year-on-year increase of 30.47% [1] - The company achieved a total operating revenue of 3.404 billion yuan, up 19.96% year-on-year [1] - Niuwei specializes in the research, manufacturing, and sales of industrial valves [2] Group 2 - Shandong Haohua plans to acquire a 29% stake in Zhongyan Alkali Industry with a total investment of 2.32 billion yuan [2] - The company is involved in the production of soda ash and caustic soda [3] Group 3 - Dongfang Co., Ltd. announced a partnership with Dongfang Import and Export Company to develop overseas marketing business [38] - The company focuses on the research, production, and sales of light commercial vehicles and powertrains [38] Group 4 - Xinyuan Technology reported a net profit of 52.6 million yuan for the first half of 2025, a year-on-year increase of 10.70% [12] - The company achieved an operating revenue of 2.871 billion yuan, up 3.86% year-on-year [12] - Xinyuan provides one-stop custom development and production services for pharmaceutical companies and research institutions [12] Group 5 - Zhuhai Piano announced that its subsidiary won the operating rights project for the Baihuazhai scenic area, with an investment of no less than 400 million yuan over 20 years [21] - The company specializes in the research, manufacturing, and sales of pianos and digital musical instruments [21] Group 6 - Zhenghong Technology reported a sales revenue of 26.02 million yuan from pig sales in July, a year-on-year increase of 288.69% [16] - The company sold 63,000 pigs in total from January to July 2025, with a cumulative sales revenue of 109 million yuan, representing a year-on-year increase of 38.06% [16] - Zhenghong focuses on feed products and pig farming [17] Group 7 - ST Nuotai received the cGMP certification from Brazil's National Health Surveillance Agency for its production facility [15] - The company specializes in the research and development of peptide drugs and small molecule pharmaceuticals [15] Group 8 - Guizhou Moutai has repurchased a total of 3.4517 million shares, accounting for 0.2748% of its total share capital, with a total expenditure of 5.301 billion yuan [48][49] - The company is engaged in the production and sales of Moutai liquor and related products [49]

登录新浪财经APP 搜索【信披】查看更多考评等级 华凯易佰董秘王安祺2024年年薪涨至106万元，但公司的业绩表现及二级市场表现却不及预期。2024年公司净利润近乎腰斩，市值下降。 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40 随着年报披露收官，互联网电商行业（申万二级分类）上市公司董秘薪酬面纱也被揭开。据数据统计，互联网电商行业上市公司为董秘支付的最高年度薪酬是赛维时代，为董秘艾帆支付年薪207 从年薪的变动来看，2024未变更董秘的上市公司中，多数上市公司调增了董秘年薪，整体变动不大。其中，赛维时代董秘艾帆薪酬涨幅最大，同比增长23.26%；若羽臣董秘罗志青年薪降幅最大 2024年，赛维时代增收不增利，归母净利润同比下降36.19%，销售费用同比增长65.78%。二级市场表现来看，2024年，赛维时代市值缩水23.12%。 责任编辑：公司观察 焦点科技为董秘支付148.31万元，位居互联网电商行业第二。焦点科技董秘迟梦洁年薪148.31万元，年薪甚至比董事长还高出31万 ...

Summary of Key Points Core Viewpoint - The report highlights the salary trends of company secretaries (董秘) in the A-share market, revealing that a significant number of them earn over one million yuan annually, with a total salary expenditure of 4.086 billion yuan in 2023, averaging 754,300 yuan per secretary [1]. Group 1: Salary Data - As of July 29, 2023, there are 5,817 listed companies in the A-share market, with 21% of company secretaries earning over one million yuan [1]. - The highest annual salary for a company secretary in the internet e-commerce sector is 2.075 million yuan, paid by Saiwei Times, while the lowest is 417,800 yuan, paid by Huading Co [1]. - Seven companies paid their secretaries over one million yuan, including Huakai Yibai, Liren Lizhuang, Qingmu Technology, Xinshunda, Guolian Co, Jiaodian Technology, and Saiwei Times [1]. Group 2: Salary Changes and Company Performance - Among companies that did not change their secretaries in 2024, most increased their salaries, with Saiwei Times' secretary seeing the largest increase of 23.26% [2]. - However, Saiwei Times reported a 36.19% decline in net profit and a 23.12% decrease in market value in 2024 [2]. - Focus Technology paid its secretary 1.4831 million yuan, which is 310,000 yuan more than the chairman's salary [2]. - Guolian Co's secretary received 1.4131 million yuan, but the company faced regulatory scrutiny for information disclosure violations [2]. Group 3: Performance of Other Companies - Xinshunda's secretary earned 1.3426 million yuan, marking a 62.96% increase, despite the company facing significant losses with a net profit drop [3]. - Liren Lizhuang's secretary's salary rose to 1.2222 million yuan, but the company's performance did not meet expectations, resulting in losses [3]. - Huakai Yibai's secretary earned 1.06 million yuan, but the company's net profit nearly halved, leading to a decline in market value [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 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！ 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"， 在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40.86亿元，平均 薪酬75.43万元。 随着年报披露收官，互联网电商行业（申万二级分类）上市公司董秘薪酬面纱也被揭开。据数据统计， 互联网电商行业上市公司为董秘支付的最高年度薪酬是赛维时代，为董秘艾帆支付年薪207.5万元；为 董秘支付的最低年度薪酬是华鼎股份，为董秘张益会支付年薪仅41.78万元。其中为董秘发放超百万年 薪的上市公司共有7家，分别为华凯易佰、丽人丽妆、青木科技、新迅达（维权）、国联股份（维 权）、焦点科技、赛维时代。 2024年，赛维时代增收不增利，归母净利润同比下降36.19%，销售费用同比增长65.78%。二级市场表 现来看，2024年，赛维时代市值缩水23.12%。 焦点科技为董秘支付148.31万元， ...

Summary of Key Points Core Viewpoint - The report highlights the salary trends of company secretaries (董秘) in the A-share market, revealing that a significant number of them earn over one million yuan annually, with a total salary expenditure of 4.086 billion yuan in 2023. Group 1: Salary Overview - As of July 29, 2023, there are 5,817 listed companies in the A-share market, with a total salary for company secretaries reaching 4.086 billion yuan and an average salary of 754,300 yuan [1]. - In the internet e-commerce sector, the highest annual salary for a company secretary is 2.075 million yuan, while the lowest is 417,800 yuan [1]. Group 2: Salary Changes - Among companies that did not change their company secretary in 2024, most increased their salaries, with the highest increase being 23.26% for the company secretary of Saiwei Times [2]. - The company secretary of Ruoyuchen experienced the largest salary decrease of 19.88%, dropping from 935,300 yuan to 736,500 yuan [2]. Group 3: Company Performance and Salaries - Saiwei Times reported a 36.19% decline in net profit, while its market value decreased by 23.12% in 2024 [2]. - Focus Technology paid its company secretary 1.4831 million yuan, which is 310,000 yuan higher than the chairman's salary [2]. - Guolian Co. paid its company secretary 1.4131 million yuan, facing potential risks due to information disclosure violations [2]. - New Xunda's company secretary saw a salary increase of 62.96% to 1.3426 million yuan, despite the company facing significant losses [3]. - Liren Liyang's company secretary's salary rose to 1.2222 million yuan, but the company's performance did not meet expectations [3]. - Huakai Yibai's company secretary's salary increased to 1.06 million yuan, while the company's net profit nearly halved [3].

Group 1 - As of July 29, 2023, there are 5,817 listed companies in the A-share market, with a total compensation for company secretaries reaching 4.086 billion yuan, averaging 754,300 yuan per secretary [1] - The highest annual salary for a company secretary in the internet e-commerce sector is 2.075 million yuan, paid by Saiwei Times, while the lowest is 417,800 yuan, paid by Huading Co., with seven companies paying over 1 million yuan [1] - In 2024, most companies that did not change their secretaries increased their salaries, with Saiwei Times' secretary seeing the largest increase of 23.26% [2] Group 2 - Saiwei Times reported a 36.19% decline in net profit, while sales expenses increased by 65.78%, leading to a market value decrease of 23.12% in 2024 [2] - Focus Technology paid its secretary 1.4831 million yuan, which is 310,000 yuan higher than the chairman's salary, ranking second in the internet e-commerce sector [2] - New Xunda's secretary salary increased by 62.96% to 1.3426 million yuan, despite the company facing significant losses with a net profit of 316 million yuan [3] Group 3 - Li Ren Li Zhuang's secretary salary rose to 1.2222 million yuan, but the company's performance and market response were below expectations, with a net profit loss in 2024 [3] - Huakai Yibai's secretary salary increased to 1.06 million yuan, but the company's net profit nearly halved, resulting in a decline in market value [3]

来源：华泰睿思 重结构轻指数，把握交易型机会 近期港股回调主因内外预期修正，但中期流动性宽松逻辑不改。配置上建议寻找景气改善+低估值板块，尤其强调对科技板块的配置；短期交易围绕中报业 绩展开，建议关注：1）估值有性价比且景气改善的游戏和互联网电商龙头；2）前向12个月估值分位数略高但盈利兑现度高，如港股创新药及非银金融。 核心观点 近期内外部预期修正导致市场回调 股市近期呈现出三个特点：A股和港股均有所回调；港股回调压力相对更大（本轮高点至今恒指回调4.5%，沪深300回调2.3%）；此前市场对国内政策推进 高度乐观的方向（如受益于反内卷的有色、煤炭等）和海外流动性敏感的方向（恒科单周下跌5%）下跌更多。从这三个特点可以看出，近期市场回调主要 因为内外部预期的重新修正，外部预期调整可能是主要原因。 一方面，美债利率和美元指数急升压制港股相对表现。美国关税政策尚未出现进一步积极进展，且7月FOMC会议鲍威尔表态鹰派（《7月FOMC：鲍威尔鹰 派发言打压降息预期》，2025.7.31）。受此影响，上周四凌晨CME期货隐含9月降息预期回落至不足40%，美债升至4.4%，美元指数一度突破100关键关 口。全球金融流动 ...

Group 1: Market Overview - Recent market pullback primarily due to internal and external expectation adjustments, with the Hang Seng Index down 4.5% from its recent peak, compared to a 2.3% decline in the CSI 300[3] - External factors, such as rising US Treasury yields (up to 4.4%) and a strengthening US dollar (breaking the 100 mark), have exerted greater pressure on Hong Kong stocks compared to A-shares[5] - Southbound capital inflow surged to a net inflow of HKD 59 billion, marking the highest weekly inflow since April 11, 2025[6] Group 2: Investment Strategy - Emphasis on sectors with improving sentiment and low valuations, particularly in technology, gaming, and e-commerce leaders[2] - Recommended to focus on stocks with reasonable valuations and improving fundamentals, especially in the innovative pharmaceutical and non-bank financial sectors[7] - The report suggests a tactical approach centered around upcoming mid-year earnings reports, with a focus on companies expected to deliver strong earnings[7]