Asia Cement (China) Holdings Management

Management criteria checks 3/4

Asia Cement (China) Holdings' CEO is Chen-Kuen Chang, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is CN¥1.55M, comprised of 86.2% salary and 13.8% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth €163.50K. The average tenure of the management team and the board of directors is 1.9 years and 9 years respectively.

Key information

Chen-Kuen Chang

Chief executive officer

CN¥1.6m

Total compensation

CEO salary percentage	86.2%
CEO tenure	1.9yrs
CEO ownership	0.05%
Management average tenure	1.9yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chen-Kuen Chang's remuneration changed compared to Asia Cement (China) Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	CN¥106m
Sep 30 2023	n/a	n/a	CN¥165m
Jun 30 2023	n/a	n/a	CN¥304m
Mar 31 2023	n/a	n/a	CN¥337m
Dec 31 2022	CN¥2m	CN¥1m	CN¥420m
Sep 30 2022	n/a	n/a	CN¥770m
Jun 30 2022	n/a	n/a	CN¥1b
Mar 31 2022	n/a	n/a	CN¥1b
Dec 31 2021	CN¥2m	CN¥1m	CN¥2b
Sep 30 2021	n/a	n/a	CN¥2b
Jun 30 2021	n/a	n/a	CN¥3b
Mar 31 2021	n/a	n/a	CN¥3b
Dec 31 2020	CN¥1m	CN¥1m	CN¥3b
Sep 30 2020	n/a	n/a	CN¥3b
Jun 30 2020	n/a	n/a	CN¥3b
Mar 31 2020	n/a	n/a	CN¥3b
Dec 31 2019	CN¥1m	CN¥1m	CN¥3b
Sep 30 2019	n/a	n/a	CN¥3b
Jun 30 2019	n/a	n/a	CN¥3b
Mar 31 2019	n/a	n/a	CN¥3b
Dec 31 2018	CN¥1m	CN¥1m	CN¥2b
Sep 30 2018	n/a	n/a	CN¥2b
Jun 30 2018	n/a	n/a	CN¥1b
Mar 31 2018	n/a	n/a	CN¥980m
Dec 31 2017	CN¥1m	CN¥980k	CN¥602m

Compensation vs Market: Chen-Kuen's total compensation ($USD214.32K) is below average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: Chen-Kuen's compensation has been consistent with company performance over the past year.

CEO

Chen-Kuen Chang (76 yo)

1.9yrs

Tenure

CN¥1,553,000

Compensation

Mr. Chen-Kuen Chang serves as the Chief Technical Officer and served as Deputy Chief Executive Officer of Asia Cement (China) Holdings Corporation until May 10, 2022 and serves as its Chief Executive Offic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chen-Kuen Chang	CEO, CTO & Executive Director	1.9yrs	CN¥1.55m	0.046% CN¥ 163.5k
Shu-Ping Hsu	Executive Vice Chairman	10.1yrs	CN¥207.00k	0.013% CN¥ 45.8k
Seng-Chang Lin	Executive Director	no data	CN¥1.29m	0.045% CN¥ 160.5k
Ling-Ling Wu	Executive Director	8yrs	CN¥219.00k	0.0032% CN¥ 11.5k
Kun-Yen Lee	Executive Director	1.8yrs	CN¥115.00k	0.013% CN¥ 45.8k
Chien-Hua Wu	Deputy CEO	no data	no data	no data
Li-Ming Ouyang	Operations Officer	no data	no data	no data
Dong-Lin Yu	Deputy CEO	no data	no data	no data
Lu-Hsing Fang	Deputy CEO & Chief Marketing Officer	no data	no data	no data
Jen-Ping Yu	Deputy Chief Executive Officer	1.9yrs	no data	no data
Ruey-Long Chen	Executive Director	less than a year	no data	no data
Ming Wai Mok	Company Secretary	1.7yrs	no data	no data

1.9yrs

Average Tenure

72yo

Average Age

Experienced Management: 4OJ's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Chen-Kuen Chang	CEO, CTO & Executive Director	16yrs	CN¥1.55m	0.046% CN¥ 163.5k
Shu-Ping Hsu	Executive Vice Chairman	10.1yrs	CN¥207.00k	0.013% CN¥ 45.8k
Seng-Chang Lin	Executive Director	16yrs	CN¥1.29m	0.045% CN¥ 160.5k
Ling-Ling Wu	Executive Director	8yrs	CN¥219.00k	0.0032% CN¥ 11.5k
Kun-Yen Lee	Executive Director	1.8yrs	CN¥115.00k	0.013% CN¥ 45.8k
Ruey-Long Chen	Executive Director	less than a year	no data	no data
Tak-Lung Tsim	Independent Non-Executive Director	16yrs	CN¥259.00k	no data
Shu-Tong Hsu	Non-Executive Chairman	16yrs	CN¥397.00k	0.19% CN¥ 687.9k
Kao-Chao Lee	Independent Non-Executive Director	9yrs	CN¥259.00k	no data
Wei Wang	Independent Non-Executive Director	9yrs	CN¥259.00k	no data
Kuo-Ming Wang	Independent Non-Executive Director	8.5yrs	CN¥259.00k	no data

9.0yrs

Average Tenure

78yo

Average Age

Experienced Board: 4OJ's board of directors are considered experienced (9 years average tenure).

Asia Cement (China) Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Asia Cement (China) Holdings Corporation Announces Director Changes

Less than half of directors are independent

Asia Cement (China) Holdings Corporation Announces Executive Changes

Asia Cement (China) Holdings Corporation Announces Executive Changes

Jen-Ping Yu Transfers to the Deputy Chief Executive Officer of Asia Cement (China) Holdings Corporation

Less than half of directors are independent

Recent updates

Asia Cement (China) Holdings Corporation to Report Q1, 2024 Results on Apr 29, 2024

Dividend of CN¥0.041 announced

Full year 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.27 in FY 2022)

Asia Cement (China) Holdings Corporation Proposes Final Ordinary Dividend for the Year Ended 31 December 2023, Payable on 19 July 2024

Asia Cement (China) Holdings Corporation to Report Fiscal Year 2023 Final Results on Mar 04, 2024

Now 20% undervalued after recent price drop

Third quarter 2023 earnings released: CN¥0.051 loss per share (vs CN¥0.038 profit in 3Q 2022)

Asia Cement (China) Holdings Corporation Provides Group Earnings Guidance for the Nine Months Ended September 30, 2023

Asia Cement (China) Holdings Corporation to Report Nine Months, 2023 Results on Oct 27, 2023

Second quarter 2023 earnings released: EPS: CN¥0.099 (vs CN¥0.12 in 2Q 2022)

Upcoming dividend of HK$0.18 per share at 4.4% yield

Asia Cement (China) Holdings Corporation Announces Director Changes

Full year 2022 earnings released: EPS: CN¥0.27 (vs CN¥1.13 in FY 2021)

Full year 2022 earnings released

Asia Cement (China) Holdings Corporation Provides Group Earnings Guidance for the Year Ended 31 December 2022

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.19 in 3Q 2021)

Asia Cement (China) Holdings Corporation Provides Group Earnings Guidance for the Nine Months Ended 30 September 2022

Asia Cement (China) Holdings Corporation to Report Q3, 2022 Results on Oct 28, 2022

Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.39 in 2Q 2021)

Asia Cement (China) Holdings Corporation Announces Executive Changes

Asia Cement (China) Holdings Corporation to Report First Half, 2022 Results on Aug 05, 2022

Asia Cement (China) Holdings Corporation Provides Earnings Guidance for the Six Months Ended 30 June 2022

Upcoming dividend of HK$0.53 per share

Asia Cement (China) Holdings Corporation Announces Executive Changes

Jen-Ping Yu Transfers to the Deputy Chief Executive Officer of Asia Cement (China) Holdings Corporation

First quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.30 in 1Q 2021)

Less than half of directors are independent

Asia Cement (China) Holdings Corporation Provides Earnings Guidance for the Three Months Ended 31 March 2022

Asia Cement (China) Holdings Corporation to Report Q1, 2022 Results on Apr 28, 2022

Full year 2021 earnings released: EPS: CN¥1.13 (vs CN¥1.70 in FY 2020)

Asia Cement (China) Holdings Corporation Proposes Dividend for the Year Ended 31 December 2021, Payable on 22 July 2022

Asia Cement (China) Holdings Corporation Provides Group Earnings Guidance for the Year Ended 31 December 2021

Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.48 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.43 in 2Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.43 in 2Q 2020)

Asia Cement (China) Holdings Corporation Provides Earnings Guidance for the Three Months Ended 31 March 2021

Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥2.01 in FY 2019)

New 90-day high: €0.82

Asia Cement (China) Holdings Corporation to Report Fiscal Year 2020 Results on Mar 23, 2021

New 90-day low: €0.70

New 90-day low: €0.71

Third quarter earnings released

New 90-day low: €0.72

Asia Cement (China) Holdings Corporation to Report Nine Months, 2020 Results on Oct 28, 2020

New 90-day low: €0.80

First half earnings released

New 90-day low - €0.81

Earnings released

Asia Cement (China) Holdings Corporation to Report First Half, 2020 Results on Aug 07, 2020

New 90-day low - €0.84

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age