Tech-Bank Food Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Banghui Zhang

Chief executive officer

CN¥7.6m

Total compensation

CEO salary percentage	1.6%
CEO tenure	2yrs
CEO ownership	14.8%
Management average tenure	2yrs
Board average tenure	2yrs

Recent management updates

Recent updates

A Piece Of The Puzzle Missing From Tech-Bank Food Co., Ltd.'s (SZSE:002124) Share Price

Apr 15

CEO Compensation Analysis

How has Banghui Zhang's remuneration changed compared to Tech-Bank Food's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-CN¥2b
Dec 31 2023	n/a	n/a	-CN¥3b
Sep 30 2023	n/a	n/a	-CN¥2b
Jun 30 2023	n/a	n/a	-CN¥1b
Mar 31 2023	n/a	n/a	CN¥499m
Jan 01 2023	n/a	n/a	CN¥489m
Sep 30 2022	n/a	n/a	-CN¥766m
Jun 30 2022	n/a	n/a	-CN¥3b
Mar 31 2022	n/a	n/a	-CN¥5b
Jan 01 2022	n/a	n/a	-CN¥4b
Sep 30 2021	n/a	n/a	-CN¥2b
Jun 30 2021	n/a	n/a	CN¥1b
Mar 31 2021	n/a	n/a	CN¥3b
Dec 31 2020	n/a	n/a	CN¥3b
Sep 30 2020	n/a	n/a	CN¥3b
Jun 30 2020	n/a	n/a	CN¥2b
Mar 31 2020	n/a	n/a	CN¥912m
Dec 31 2019	n/a	n/a	CN¥100m
Sep 30 2019	n/a	n/a	-CN¥681m
Jun 30 2019	n/a	n/a	-CN¥1b
Mar 31 2019	n/a	n/a	-CN¥939m
Jan 01 2019	n/a	n/a	-CN¥572m
Sep 30 2018	n/a	n/a	CN¥163m
Jun 30 2018	n/a	n/a	CN¥207m
Mar 31 2018	n/a	n/a	CN¥242m
Dec 31 2017	CN¥360k	n/a	CN¥262m

Compensation vs Market: Banghui's total compensation ($USD1.05M) is above average for companies of similar size in the CN market ($USD126.85K).

Compensation vs Earnings: Banghui's compensation has increased whilst the company is unprofitable.

CEO

Banghui Zhang (60 yo)

2yrs

Tenure

CN¥7,620,100

Compensation

Mr. Banghui Zhang has been Chairman and Chief Executive Officer of Tech-Bank Food Co., Ltd. since May 18, 2022. Mr. Zhang had been Chairman of the Supervisory Board at Tech-Bank Food Co., Ltd.(formerly kn...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Banghui Zhang	Chairman & CEO	2yrs	CN¥7.62m	14.84% CN¥ 751.9m
Chao Du	Financial Director	2yrs	CN¥1.69m	no data
Minhai Xia	VP & Director	2yrs	CN¥3.65m	0.00095% CN¥ 48.1k
Xiangyun Zhang	VP & Secretary	no data	CN¥708.90k	no data
Lei Zhang	Human Resource Director	no data	CN¥115.00k	no data

2.0yrs

Average Tenure

55yo

Average Age

Experienced Management: 002124's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Banghui Zhang	Chairman & CEO	2yrs	CN¥7.62m	14.84% CN¥ 751.9m
Minhai Xia	VP & Director	2yrs	CN¥3.65m	0.00095% CN¥ 48.1k
Bing Liang Zhang	Chairman of Supervisory Board	2yrs	no data	0.0014% CN¥ 73.0k
Yu Hua Sheng	Director	2yrs	CN¥120.00k	no data
Shouning Zhao	Non-Independent Director	2yrs	CN¥916.70k	no data
Lianghua Chen	Independent Director	2yrs	CN¥74.20k	no data
Liu Chen	Independent Director	2yrs	CN¥74.20k	no data
You'an Chen	Independent Director	2yrs	CN¥74.20k	no data
Jingyan Qian	Supervisor	2yrs	no data	no data
Huanhuan Wang	Employee Representative Supervisor	2yrs	no data	no data

2.0yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 002124's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Tech-Bank Food Management

Management criteria checks 1/4

Key information

Recent management updates

Tech-Bank Food Co., Ltd., Annual General Meeting, May 20, 2024

Tech-Bank Food Co., Ltd., Annual General Meeting, May 19, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

Tech-Bank Food Co., Ltd. Announces Management Changes

Recent updates

Tech-Bank Food Co., Ltd.(XSEC:002124) dropped from S&P Global BMI Index

First quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.36 loss in 1Q 2023)

Tech-Bank Food Co., Ltd., Annual General Meeting, May 20, 2024

Now 22% overvalued

Now 20% overvalued

A Piece Of The Puzzle Missing From Tech-Bank Food Co., Ltd.'s (SZSE:002124) Share Price

Tech-Bank Food Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Price target decreased by 18% to CN¥2.90

Now 25% overvalued

Tech-Bank Food Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024

Tech-Bank Food Co., Ltd.(SZSE:002124) dropped from Shenzhen Stock Exchange Component A Share Index

Third quarter 2023 earnings released: CN¥0.17 loss per share (vs CN¥0.23 profit in 3Q 2022)

Second quarter 2023 earnings released: CN¥0.32 loss per share (vs CN¥0.68 profit in 2Q 2022)

Consensus EPS estimates increase by 25%, revenue downgraded

Now 21% undervalued after recent price drop

Tech-Bank Food Co., Ltd., Annual General Meeting, May 19, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to CN¥7.20

High number of new and inexperienced directors

Price target increased to CN¥7.20

Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥1.00 loss in 3Q 2021)

Price target decreased to CN¥6.10

High number of new and inexperienced directors

Consensus revenue estimates fall by 27%

Tech-Bank Food Co., Ltd. Announces Management Changes

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to CN¥6.95

Price target decreased to CN¥6.95

Third quarter 2021 earnings released: CN¥0.99 loss per share (vs CN¥0.76 profit in 3Q 2020)

Tongwei Co., Ltd. (SHSE:600438) agreed to acquire an unknown stake in 7 wholly-owned subsidiaries of Tech-Bank Food Co., Ltd. for approximately CNY 190 million.

Price target decreased to CN¥10.76

Second quarter 2021 earnings released: CN¥0.46 loss per share (vs CN¥0.65 profit in 2Q 2020)

Tech-Bank Food Plans to Sell Entire Aquatic Feed Assets to Tongwei

Price target increased to CN¥16.23

Tech-Bank Food Co., Ltd. (SZSE:002124) acquired an additional 61% stake in Zhejiang Xingnongfa Animal Husbandry Joint Stock Co., Ltd. from Zhejiang Provincial Agricultural Development Group Co., Ltd., and Ningbo Leizi Investment Partnership (Limited Partnership).

Consensus forecasts updated

Price target increased to CN¥19.08

Tech-Bank Food Plans to Buy 61% Stake in Agricultural Firm for 311.1 Mln Yuan

Price target increased to CN¥19.08

Consensus revenue estimates increase to CN¥21.3b

Investor sentiment deteriorated over the past week

Consensus revenue estimates increase to CN¥19.1b

Full year 2020 earnings released: EPS CN¥2.68 (vs CN¥0.087 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: CN¥17.69

Investor sentiment improved over the past week

New 90-day low: CN¥14.38

New 90-day low: CN¥15.74

Tech-Bank Food Co., Ltd. to Report Q3, 2020 Results on Oct 26, 2020

New 90-day high - CN¥19.03

Tech-Bank Food Co., Ltd. to Report First Half, 2020 Results on Aug 19, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age