Angang Steel Management

Management criteria checks 4/4

Angang Steel's CEO is Hongjun Zhang, appointed in Dec 2022, has a tenure of 1.42 years. total yearly compensation is CN¥170.00K, comprised of 88.2% salary and 11.8% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth €38.17K. The average tenure of the management team and the board of directors is 2.5 years and 3 years respectively.

Key information

Hongjun Zhang

Chief executive officer

CN¥170.0k

Total compensation

CEO salary percentage	88.2%
CEO tenure	1.4yrs
CEO ownership	0.001%
Management average tenure	2.5yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hongjun Zhang's remuneration changed compared to Angang Steel's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-CN¥5b
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¥3b
Mar 31 2023	n/a	n/a	-CN¥1b
Dec 31 2022	CN¥170k	CN¥150k	CN¥108m
Sep 30 2022	n/a	n/a	-CN¥380m
Jun 30 2022	n/a	n/a	CN¥3b
Mar 31 2022	n/a	n/a	CN¥7b
Dec 31 2021	CN¥3m	CN¥2m	CN¥7b

Compensation vs Market: Hongjun's total compensation ($USD23.48K) is below average for companies of similar size in the German market ($USD2.56M).

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

CEO

Hongjun Zhang (49 yo)

1.4yrs

Tenure

CN¥170,000

Compensation

Mr. Hongjun Zhang served as a Deputy General Manager at Angang Steel Company Limited until March 25, 2022 and serves as its General Manager and Executive Director since December 29, 2022. He currently serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hongjun Zhang	GM & Executive Director	1.4yrs	CN¥170.00k	0.0014% CN¥ 38.2k
Baojun Wang	Deputy GM	3.2yrs	CN¥1.42m	0.0019% CN¥ 51.4k
Jinsong Meng	Deputy General Manager	8.2yrs	CN¥2.14m	0.0032% CN¥ 86.9k
Jun Wang	Executive Chairman	less than a year	no data	no data
Wu Guo	Controller	no data	no data	no data
Dongzhou Zhou	Joint Company Secretary	2.5yrs	no data	no data
Hua Zhang	Deputy General Manager	no data	no data	no data

2.5yrs

Average Tenure

53.5yo

Average Age

Experienced Management: GNV's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hongjun Zhang	GM & Executive Director	1.4yrs	CN¥170.00k	0.0014% CN¥ 38.2k
Baojun Wang	Deputy GM	3yrs	CN¥1.42m	0.0019% CN¥ 51.4k
Jun Wang	Executive Chairman	less than a year	no data	no data
Changli Feng	Independent Non-Executive Director	5.9yrs	CN¥120.00k	no data
Jianhua Wang	Independent Non-Executive Director	5yrs	CN¥120.00k	no data
Keshi Zhu	Independent Non-Executive Director	3.5yrs	CN¥120.00k	no data
Wanglin Wang	Independent Non Executive Director	4.2yrs	CN¥120.00k	no data
Ming Liu	Shareholders’ Representative Supervisor	2.5yrs	no data	no data
Yuhui Cao	Chairman of the Supervisory Board	1.2yrs	no data	no data

3.0yrs

Average Tenure

51yo

Average Age

Experienced Board: GNV's board of directors are considered experienced (3 years average tenure).

Angang Steel Management

Management criteria checks 4/4

Key information

Recent management updates

Angang Steel Company Limited, Annual General Meeting, May 29, 2024

Angang Steel Company Limited Announces Executive Appointments

Angang Steel Company Limited Announces That Tian Yong Tendered His Resignation as Executive Director, Deputy General Manager and Member of the Nomination Committee of the Board

Angang Steel Company Limited Announces Executives Changes

Angang Steel Company Limited Announces Resignation of Mr. Xu Shishuai as Executive Director and Member of the Strategy Committee

Angang Steel Company Limited Approves Election of Tian Yong as an Executive Director

Recent updates

Angang Steel Company Limited, Annual General Meeting, May 29, 2024

First quarter 2024 earnings released: CN¥0.18 loss per share (vs CN¥0.016 loss in 1Q 2023)

Angang Steel Company Limited Announces Executive Appointments

Angang Steel Company Limited Announces That Tian Yong Tendered His Resignation as Executive Director, Deputy General Manager and Member of the Nomination Committee of the Board

Angang Steel Company Limited to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings released: CN¥0.35 loss per share (vs CN¥0.017 profit in FY 2022)

Angang Steel Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023

New minor risk - Share price stability

Angang Steel Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024

Third quarter 2023 earnings released: CN¥0.082 loss per share (vs CN¥0.17 loss in 3Q 2022)

Angang Steel Company Limited Announces Executives Changes

Second quarter 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.025 profit in 2Q 2022)

New major risk - Share price stability

Now 28% undervalued after recent price drop

Angang Steel Company Limited Approves Final Profit Distribution Plan for the Year 2022, Payable on 27 June 2023

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: CN¥0.016 loss per share (vs CN¥0.16 profit in 1Q 2022)

Now 22% undervalued after recent price drop

Angang Steel Company Limited Provides Earnings Guidance for the Year Ended 31 December 2022

Angang Steel Company Limited Announces Resignation of Mr. Xu Shishuai as Executive Director and Member of the Strategy Committee

Angang Steel Company Limited Approves Election of Tian Yong as an Executive Director

High number of new and inexperienced directors

Third quarter 2022 earnings released: CN¥0.17 loss per share (vs CN¥0.24 profit in 3Q 2021)

Angang Steel Company Limited Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2022

Angang Steel Company Limited to Report Nine Months, 2022 Results on Oct 28, 2022

Angang Steel Company Limited Announces the Resignation Yang Xu as Executive Director and Member of the Nomination Committee

Second quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.39 in 2Q 2021)

Angang Steel Company Limited to Report First Half, 2022 Results on Aug 26, 2022

Angang Steel Company Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022

Angang Steel Company Limited Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2021, Payable on 23 June 2022

Angang Steel Company Limited Approves Final Dividend for the Year Ended 31 December 2021, Payment Date Is 23 June 2022

Upcoming dividend of CN¥0.22 per share

Angang Steel Company Limited Announces Yang Zhengwen Has Been Elected as an Employee Representative Supervisor of the Ninth Session of the Supervisory Committee of the Company with Effect from May 26, 2022

High number of new and inexperienced directors

Angang Steel Company Limited to Report Q1, 2022 Results on Apr 27, 2022

Angang Steel Company Limited, Annual General Meeting, May 26, 2022

Full year 2021 earnings released

Aangang Steel Company Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on 23 June 2022

Angang Steel Company Limited Provides Unaudited Earnings Guidance for the Year Ended 31 December 2021

Joint Company Secretary Chun Chen has left the company

Chairman of Supervisory Committee Tiejian Mu has left the company

Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.088 in 3Q 2020)

Angang Steel Company Limited Provides Unaudited Earnings Guidance for the Nine Months Ended September 30, 2021

Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.022 in 2Q 2020)

Angang Steel Company Limited Provides Earnings Guidance for the Six Months Ending 30 June 2021

Angang Steel Company Limited Announces Final Dividend for the Year Ended December 31, 2020, Payable or Around June 30, 2021

Upcoming dividend of CN¥0.084 per share

First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.031 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.19 in FY 2019)

Angang Steel Company Limited Announces Executive Changes

Angang Steel Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021

New 90-day high: €0.39

Angang Steel Company Limited Announces Change of Employee Representative Supervisor

Supervisor has left the company

New 90-day high: €0.37

Angang Steel Company Limited Announces Management Appointments

New 90-day high: €0.29

Angang Steel Company Limited Announces Resignation of Independent Non-Executive Director, Chairman of Audit Committee, Member of Remuneration and Appraisal Committee, Nomination Committee and Strategic Committee of the Board, Supervisor and Chairman of the Supervisory Committee

New 90-day high: €0.25

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

Angang Steel Company Limited to Report Nine Months, 2020 Results on Oct 23, 2020

First half earnings released

New 90-day high - €0.25

Angang Steel Company Limited to Report First Half, 2020 Results on Aug 29, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation