Zhejiang Development GroupLtd Management

Management criteria checks 2/4

Zhejiang Development GroupLtd's CEO is Duanqing Zhang, appointed in Mar 2019, has a tenure of 5.17 years. directly owns 0.2% of the company’s shares, worth CN¥10.80M. The average tenure of the management team and the board of directors is 5.2 years and 1.5 years respectively.

Key information

Duanqing Zhang

Chief executive officer

CN¥2.7m

Total compensation

CEO salary percentage	n/a
CEO tenure	5.2yrs
CEO ownership	0.2%
Management average tenure	5.2yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO

Duanqing Zhang (60 yo)

5.2yrs

Tenure

CN¥2,715,500

Compensation

Mr. Duanqing Zhang is General Manager & Director of Zhejiang Development Group Co.,Ltd (formerly known as Zhejiang Materials Development Co., Ltd.) from March 20, 2019.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Duanqing Zhang	GM & Director	5.2yrs	CN¥2.72m	0.20% CN¥ 10.8m
Zhuming Deng	Financial Director	5.4yrs	CN¥1.22m	0.12% CN¥ 6.5m
Bangjing Lei	Deputy GM	4.2yrs	CN¥1.67m	0.090% CN¥ 4.9m

5.2yrs

Average Tenure

53yo

Average Age

Experienced Management: 000906's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Duanqing Zhang	GM & Director	5.2yrs	CN¥2.72m	0.20% CN¥ 10.8m
Jiwei Wu	Independent Independent Director	2.8yrs	CN¥41.70k	no data
Ren Yuan	Chairman of Board of Directors	5.2yrs	CN¥2.77m	0.40% CN¥ 21.8m
Yongbin Xu	Independent Director	5.2yrs	CN¥100.00k	no data
Hai Qiu	Supervisor	5.2yrs	no data	no data
Fei Wang	Director	1.5yrs	CN¥63.40k	no data
Bangqi Huang	Director	1.5yrs	CN¥16.70k	no data
Jingpeng Yuan	Director	1.5yrs	no data	no data
Weijun Ge	Independent Director	1.5yrs	CN¥63.40k	no data
Zhe Chen	Supervisor	1.5yrs	no data	no data
Junchang Cui	Supervisor	1.5yrs	no data	no data
Li Wang	Employee Supervisor	1.5yrs	no data	no data

1.5yrs

Average Tenure

49yo

Average Age

Experienced Board: 000906's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Zhejiang Development GroupLtd Management

Management criteria checks 2/4

Key information

Recent management updates

Zhejiang Development Group Co.,Ltd, Annual General Meeting, May 15, 2024

Zhejiang Development Group Co.,Ltd Approves Management Appointments

Less than half of directors are independent

Less than half of directors are independent

Zheshang Development Group Co., Ltd, Annual General Meeting, May 13, 2022

Recent updates

New minor risk - Profit margin trend

Zhejiang Development Group Co.,Ltd Proposes Final Cash Dividend for the Year 2023

Zhejiang Development Group Co.,Ltd, Annual General Meeting, May 15, 2024

First quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.36 in 1Q 2023)

Zhejiang Development Group Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024

Zhejiang Development Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024

Third quarter 2023 earnings released: EPS: CN¥0.084 (vs CN¥0.30 in 3Q 2022)

Consensus EPS estimates fall by 20%

Price target decreased by 20% to CN¥11.20

Zhejiang Development Group Co.,Ltd Announces Final Cash Dividend on A Shares for the Year 2022, Payable on 26 May 2023

Zhejiang Development Group Co.,Ltd Approves Cash Dividend for 2022

Full year 2022 earnings released: EPS: CN¥0.36 (vs CN¥1.17 in FY 2021)

Zhejiang Development Group Co.,Ltd Approves Management Appointments

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.35 in 3Q 2021)

Price target increased to CN¥15.00

Second quarter 2022 earnings released: EPS: CN¥0.44 (vs CN¥0.29 in 2Q 2021)

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: CN¥0.44 (vs CN¥0.29 in 2Q 2021)

Zheshang Development Group Co., Ltd Implements 2021 Final Profit Distribution Plan, Payable on 25 May 2022

Zheshang Development Approves Cash Dividend for 2021

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Zheshang Development Group Co., Ltd, Annual General Meeting, May 13, 2022

Zheshang Development Group Co., Ltd Proposes Cash Dividend for 2021

Second quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.12 in 2Q 2020)

Investor sentiment improved over the past week

Zheshang Development Group Co.,Ltd Approves Cash Dividend for the Year 2020

Investor sentiment improved over the past week

Zheshang Development Group Co.,Ltd Proposes Final Dividend for the Year 2020

First quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.14 in 1Q 2020)

New 90-day low: CN¥6.14

Revenue beats expectations

Full year 2020 earnings released: EPS CN¥0.76

Revenue beats expectations

New 90-day low: CN¥6.26

New 90-day high: CN¥7.47

Third quarter earnings released

Zheshang Development Group Co.,Ltd to Report Q3, 2020 Results on Oct 27, 2020

Zheshang Development Group Co.,Ltd (SZSE:000906) agreed to acquire Zhejiang Shipping Group Co., Ltd. from Zhejiang Communications Investment Group Co., Ltd. for CNY 1.5 billion.

New 90-day high - CN¥7.23

First half earnings released

New 90-day high - CN¥6.95

Zheshang Development Group Co.,Ltd to Report First Half, 2020 Results on Aug 21, 2020

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age