Flat Glass Group Management

Management criteria checks 4/4

Flat Glass Group's CEO is Hongliang Ruan, appointed in Dec 2005, has a tenure of 18.92 years. total yearly compensation is CN¥1.25M, comprised of 94% salary and 6% bonuses, including company stock and options. directly owns 20.01% of the company’s shares, worth €1.39B. The average tenure of the management team and the board of directors is 26.4 years and 9.8 years respectively.

Key information

Hongliang Ruan

Chief executive officer

CN¥1.2m

Total compensation

CEO salary percentage	94.0%
CEO tenure	18.9yrs
CEO ownership	20.0%
Management average tenure	26.4yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hongliang Ruan's remuneration changed compared to Flat Glass Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CN¥2b
Jun 30 2024	n/a	n/a	CN¥3b
Mar 31 2024	n/a	n/a	CN¥3b
Dec 31 2023	CN¥1m	CN¥1m	CN¥3b
Sep 30 2023	n/a	n/a	CN¥3b
Jun 30 2023	n/a	n/a	CN¥2b
Mar 31 2023	n/a	n/a	CN¥2b
Dec 31 2022	CN¥1m	CN¥1m	CN¥2b
Sep 30 2022	n/a	n/a	CN¥2b
Jun 30 2022	n/a	n/a	CN¥2b
Mar 31 2022	n/a	n/a	CN¥2b
Dec 31 2021	CN¥1m	CN¥976k	CN¥2b
Sep 30 2021	n/a	n/a	CN¥3b
Jun 30 2021	n/a	n/a	CN¥2b
Mar 31 2021	n/a	n/a	CN¥2b
Dec 31 2020	CN¥1m	CN¥974k	CN¥2b
Sep 30 2020	n/a	n/a	CN¥1b
Jun 30 2020	n/a	n/a	CN¥917m
Mar 31 2020	n/a	n/a	CN¥823m
Dec 31 2019	CN¥965k	CN¥816k	CN¥717m
Sep 30 2019	n/a	n/a	CN¥625m
Jun 30 2019	n/a	n/a	CN¥456m
Mar 31 2019	n/a	n/a	CN¥418m
Dec 31 2018	CN¥859k	CN¥713k	CN¥407m
Sep 30 2018	n/a	n/a	CN¥401m
Jun 30 2018	n/a	n/a	CN¥435m
Mar 31 2018	n/a	n/a	CN¥424m
Dec 31 2017	CN¥875k	CN¥730k	CN¥430m

Compensation vs Market: Hongliang's total compensation ($USD172.08K) is below average for companies of similar size in the German market ($USD3.59M).

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

CEO

Hongliang Ruan (62 yo)

18.9yrs

Tenure

CN¥1,246,768

Compensation

Mr. Hongliang Ruan founded Flat Glass Group Co., Ltd. and has been its Chairman of the Board, Chief Executive Director and Director since December 2005 and also its General Manager and De Facto Controller...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hongliang Ruan	Founder	18.9yrs	CN¥1.25m	20.01% € 1.4b
Jinhua Jiang	Deputy Chairman & Deputy GM	24.4yrs	CN¥880.24k	13.89% € 967.5m
Zeyun Ruan	President	9.6yrs	CN¥1.14m	15.12% € 1.1b
Yezhong Wei	Co-Founder	26.4yrs	CN¥692.18k	0.67% € 46.6m
Qifu Shen	Executive Director & Deputy GM of The Industry Park of The Headquarters	no data	CN¥684.09k	0.45% € 31.0m
Wenrong Zheng	Co-Founder	26.4yrs	CN¥280.00k	2.01% € 139.7m
Fuquan Shen	Co-Founder & Supervisor	26.4yrs	CN¥280.00k	1.34% € 93.1m
Quanming Zhu	Co-Founder & Supervisor	26.4yrs	CN¥242.00k	1.34% € 93.1m
Xinhua Chen	Founder	26.4yrs	no data	no data
Haiming Zou	Founder	26.4yrs	no data	no data
Hui Fen Wang	Founder	26.4yrs	no data	no data
Shuying Luo	Founder	26.4yrs	no data	no data

26.4yrs

Average Tenure

61.5yo

Average Age

Experienced Management: 72T's management team is seasoned and experienced (26.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hongliang Ruan	Founder	18.9yrs	CN¥1.25m	20.01% € 1.4b
Jinhua Jiang	Deputy Chairman & Deputy GM	24.4yrs	CN¥880.24k	13.89% € 967.5m
Zeyun Ruan	President	1.3yrs	CN¥1.14m	15.12% € 1.1b
Yezhong Wei	Co-Founder	15.3yrs	CN¥692.18k	0.67% € 46.6m
Qifu Shen	Executive Director & Deputy GM of The Industry Park of The Headquarters	9.8yrs	CN¥684.09k	0.45% € 31.0m
Wenrong Zheng	Co-Founder	9.8yrs	CN¥280.00k	2.01% € 139.7m
Fuquan Shen	Co-Founder & Supervisor	9.8yrs	CN¥280.00k	1.34% € 93.1m
Quanming Zhu	Co-Founder & Supervisor	9.8yrs	CN¥242.00k	1.34% € 93.1m
Yau Kuen Ng	Independent Non-Executive Director	3.5yrs	CN¥188.08k	no data
Fulan Hua	Independent Non-Executive Director	6yrs	CN¥100.00k	no data
Huizhen Zhang	Supervisor	5.2yrs	no data	no data
Pan Xu	Independent Non-Executive Director	3.5yrs	CN¥100.00k	no data

9.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 72T's board of directors are considered experienced (9.8 years average tenure).

Flat Glass Group Management

Management criteria checks 4/4

Key information

Recent management updates

Flat Glass Group Co., Ltd., Annual General Meeting, Jun 17, 2024

President recently bought €654k worth of stock

President recently bought €656k worth of stock

Less than half of directors are independent

Flat Glass Group Co., Ltd. Approves the Appointment of Ms. Ruan Zeyun as an Executive Director

Flat Glass Group Co., Ltd. Announces Executive Changes

Recent updates

Flat Glass Group Co., Ltd. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 20 December 2024

New minor risk - Financial position

Third quarter 2024 earnings released: CN¥0.085 loss per share (vs CN¥0.38 profit in 3Q 2023)

Investor sentiment deteriorates as stock falls 22%

Flat Glass Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024

Investor sentiment improves as stock rises 30%

Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.27 in 2Q 2023)

Flat Glass Group Co., Ltd. Announces an Interim Dividend for the Six Months Ended 30 June 2024

Flat Glass Group Co., Ltd. Proposes an Interim Dividend for the Six Months Ended 30 June 2024

Now 22% overvalued

Flat Glass Group Co., Ltd. Proposes an Interim Dividend for the Six Months Ended 30 June 2024

Investor sentiment improves as stock rises 16%

Flat Glass Group Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024

Flat Glass Group Co., Ltd., Annual General Meeting, Jun 17, 2024

First quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.24 in 1Q 2023)

Investor sentiment deteriorates as stock falls 15%

Flat Glass Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings released: EPS: CN¥1.24 (vs CN¥0.99 in FY 2022)

Flat Glass Group Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023

Investor sentiment improves as stock rises 17%

Flat Glass Group Co., Ltd. (SEHK:6865) announces an Equity Buyback for CNY 600 million worth of its shares.

Flat Glass Group Co., Ltd. (SEHK:6865) announces an Equity Buyback for CNY 600 million worth of its shares.

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 17%

Flat Glass Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024

President recently bought €654k worth of stock

President recently bought €656k worth of stock

Flat Glass Group Co., Ltd. Approves Interim Dividend for the Six Months Ended 30 June 2023, Payable on 27 November 2023

Third quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.23 in 3Q 2022)

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of CN¥0.24 per share at 1.7% yield

Flat Glass Group Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2023

Flat Glass Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023

Less than half of directors are independent

Flat Glass Group Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2023

New minor risk - Shareholder dilution

Flat Glass Group Co., Ltd. Approves the Appointment of Ms. Ruan Zeyun as an Executive Director

Flat Glass Group Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023

New minor risk - Share price stability

Investor sentiment improves as stock rises 22%

Flat Glass Group Co., Ltd. Announces Executive Changes

Deputy Chairman & Deputy GM recently sold €16m worth of stock

Investor sentiment improves as stock rises 17%

Deputy Chairman & Deputy GM recently sold €3.8m worth of stock

Flat Glass Group Co., Ltd., Annual General Meeting, Jun 06, 2023

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in 3Q 2021)

Flat Glass Group Co., Ltd. Declares Interim Dividend for the Six Months Ended 30 June 2022

Flat Glass Group Co., Ltd. to Report Nine Months, 2022 Results on Oct 27, 2022

Flat Glass Group Co., Ltd. Declares Interim Dividend for the Six Months Ended 30 June 2022

Flat Glass Group Co., Ltd Recommends Interim Dividend for the Six Months Ended 30 June 2022

Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.19 in 2Q 2021)

Flat Glass Group Co., Ltd. to Report First Half, 2022 Results on Aug 25, 2022

Flat Glass Group Co., Ltd. announced that it expects to receive CNY 6 billion in funding

Flat Glass Group Co., Ltd. announced that it expects to receive CNY 6 billion in funding

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.40 in 1Q 2021)

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Flat Glass Group Co., Ltd. to Report Q1, 2022 Results on Apr 27, 2022

Flat Glass Plans to Buy Two Mining Firms

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.18 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.13 in 2Q 2020)