Yangzijiang Shipbuilding (Holdings) Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Letian Ren

Chief executive officer

CN¥3.4m

Total compensation

CEO salary percentage	89.0%
CEO tenure	9.5yrs
CEO ownership	n/a
Management average tenure	3.7yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Letian Ren's remuneration changed compared to Yangzijiang Shipbuilding (Holdings)'s earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CN¥5b
Mar 31 2024	n/a	n/a	CN¥5b
Dec 31 2023	CN¥3m	CN¥3m	CN¥4b

Compensation vs Market: Letian's total compensation ($USD464.90K) is below average for companies of similar size in the German market ($USD3.61M).

Compensation vs Earnings: Insufficient data to compare Letian's compensation with company performance.

CEO

Letian Ren (42 yo)

9.5yrs

Tenure

CN¥3,368,919

Compensation

Mr. Letian Ren has been Chief Executive Officer at Yangzijiang Shipbuilding (Holdings) Ltd. since May 1, 2015. Mr. Ren serves as Executive Chairman at Yangzijiang Shipbuilding (Holdings) Ltd since April 30...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Letian Ren	Executive Chairman & CEO	9.5yrs	CN¥3.37m	no data
Yu Weiping	Co-Founder	no data	no data	no data
Ren Jinhua	Co-Founder	no data	no data	no data
Jialu Huang	Co-Founder	no data	no data	no data
Qiang Gao	Co-Founder	no data	no data	no data
Zhengshun Cai	Co-Founder	no data	no data	no data
Yi Fang Liu	Co-Founder	no data	no data	no data
Lijun Xie	Co-Founder	no data	no data	no data
Wenzhen Wang	Co-Founder	no data	no data	no data
Pinhua Su	Co-Founder	no data	no data	no data
Jianwen Ding	Deputy GM & CFO	2.6yrs	no data	no data
Hongfei Zhang	Deputy General Manager	3.7yrs	no data	no data

3.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: B8O's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Letian Ren	Executive Chairman & CEO	4.6yrs	CN¥3.37m	no data
Liu Hua	Non-Independent Non-Executive Director	2.3yrs	CN¥459.86k	no data
Kee Shian Yee	Lead Independent Non-Executive Director	2.5yrs	CN¥459.86k	no data
Chia Hsing Yee	Independent Non-Executive Director	less than a year	no data	no data
Boon Hu Poh	Independent Non-Executive Director	1.8yrs	CN¥459.86k	no data

2.3yrs

Average Tenure

48yo

Average Age

Experienced Board: B8O's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Yangzijiang Shipbuilding (Holdings) Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new and inexperienced directors

Yangzijiang Shipbuilding (Holdings) Ltd. Announces New Composition of the Board and Board Committees

Yangzijiang Shipbuilding (Holdings) Ltd., Annual General Meeting, Apr 25, 2024

High number of new and inexperienced directors

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Appointment of Poh Boon Hu Raymond as Independent Non-Executive Director

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Re-Designation of Chen Teck Leng from Non-Executive Independent Director to Non-Executive Lead Independent Director

Recent updates

First half 2024 earnings released: EPS: CN¥0.77 (vs CN¥0.44 in 1H 2023)

New minor risk - Share price stability

Now 20% undervalued

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 20%

High number of new and inexperienced directors

Dividend of S$0.065 announced

Yangzijiang Shipbuilding (Holdings) Ltd. Announces New Composition of the Board and Board Committees

Yangzijiang Shipbuilding (Holdings) Ltd. Proposes Tax Exempt (One-Tier) Final Dividend for the Financial Year Ended 31 December 2023, Payable on or About 6 May 2024

Full year 2023 earnings released: EPS: CN¥1.04 (vs CN¥0.66 in FY 2022)

Yangzijiang Shipbuilding (Holdings) Ltd., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: EPS: CN¥1.04 (vs CN¥0.66 in FY 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued

Now 20% undervalued

First half 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.30 in 1H 2022)

Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) acquired additional 5% stake in Jiangsu Yangzi-Mitsui Shipbuilding Co. Ltd. from Mitsui & Co., Ltd. (TSE:8031) and Mitsui E&S Shipbuilding Co., Ltd for CNY 43.2 million.

Upcoming dividend of S$0.05 per share at 3.9% yield

High number of new and inexperienced directors

Full year 2022 earnings released: EPS: CN¥0.66 (vs CN¥0.96 in FY 2021)

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Appointment of Poh Boon Hu Raymond as Independent Non-Executive Director

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Re-Designation of Chen Teck Leng from Non-Executive Independent Director to Non-Executive Lead Independent Director

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Resignation of Teo Yi-Dar as Non-Executive and Lead Independent Director

First half 2022 earnings released

Yangzijiang Shipbuilding (Holdings) Ltd. Appoints Liu Hua as A Non-Independent Non-Executive Director

Upcoming dividend of S$0.05 per share

Yangzijiang Shipbuilding (Holdings) Ltd. Appoints Yee Kee Shian, Leon as Independent Non-Executive Director, Effective May 1, 2022

Yangzijiang Shipbuilding (Holdings) Ltd. Appoints Ding Jianwen as Chief Financial Officer

Yangzijiang Shipbuilding (Holdings) Ltd. Announces Resignation of Xu Wen Jiong as Non-Independent Non-Executive Director and Member of Nominating, Remuneration and Audit Committees

Full year 2021 earnings released: EPS: CN¥0.96 (vs CN¥0.64 in FY 2020)

Yangzijiang Shipbuilding (Holdings) Ltd., Annual General Meeting, Apr 18, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Full year 2021 earnings: Revenues miss analyst expectations

Yangzijiang Shipbuilding (Holdings) Ltd. Proposes Tax Exempt (One-Tier) Cash Dividend for 2021

Insider recently sold €2.8m worth of stock

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.20 in 2Q 2020)

Joint Company Secretary Kai Li See has left the company

Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) entered into a sale and purchase agreement to acquire remaining 20% stake in Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. from Sanfu Shipbuilding Holdings Pte. Ltd. for CNY 650 million.

Independent Non-Executive Director recently sold €260k worth of stock

Upcoming dividend of S$0.045 per share

First quarter 2021 earnings released

Full year 2020 earnings released

New 90-day high: €0.68

Yangzijiang Shipbuilding (Holdings) Ltd. Provides Update on Shipbuilding Contracts Entered by the Group

Yangzijiang Shipbuilding (Holdings) Ltd. Announces the Retirement of Wang Jiansheng as General Manager

Revenue misses expectations

Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.79 in FY 2019)

Yangzijiang Shipbuilding (Holdings) Ltd. Starts 2021 on a Strong Footing as it Secures USD 1.3 Billion New Orders for 29 Vessels

Yangzijiang Terminals China Holding Pte. Ltd. Enters into A Joint Venture Agreement with Wuxi China Resources Gas Co., Ltd. and Jiangyin Xinyangchuan Enterprise Management Center to Establish A Proposed Joint Venture Company, Jiangsu Run Yuan Energy Co., Ltd

New 90-day high: €0.61

New 90-day low: €0.55

First half earnings released

New 90-day low - €0.57

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age