BOE Varitronix Management

Management criteria checks 4/4

BOE Varitronix's CEO is Ning Su, appointed in Jan 2019, has a tenure of 5.33 years. total yearly compensation is HK$4.00M, comprised of 25.2% salary and 74.8% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €891.64K. The average tenure of the management team and the board of directors is 2.1 years and 5.7 years respectively.

Key information

Ning Su

Chief executive officer

HK$4.0m

Total compensation

CEO salary percentage	25.2%
CEO tenure	5.3yrs
CEO ownership	0.2%
Management average tenure	2.1yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ning Su's remuneration changed compared to BOE Varitronix's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	HK$4m	HK$1m	HK$475m
Sep 30 2023	n/a	n/a	HK$505m
Jun 30 2023	n/a	n/a	HK$534m
Mar 31 2023	n/a	n/a	HK$558m
Dec 31 2022	HK$4m	HK$1m	HK$582m
Sep 30 2022	n/a	n/a	HK$533m
Jun 30 2022	n/a	n/a	HK$484m
Mar 31 2022	n/a	n/a	HK$406m
Dec 31 2021	HK$5m	HK$1m	HK$328m
Sep 30 2021	n/a	n/a	HK$237m
Jun 30 2021	n/a	n/a	HK$146m
Mar 31 2021	n/a	n/a	HK$107m
Dec 31 2020	HK$2m	HK$1m	HK$69m
Sep 30 2020	n/a	n/a	HK$47m
Jun 30 2020	n/a	n/a	HK$26m
Mar 31 2020	n/a	n/a	HK$25m
Dec 31 2019	HK$2m	HK$1m	HK$25m
Sep 30 2019	n/a	n/a	HK$19m
Jun 30 2019	n/a	n/a	HK$14m
Mar 31 2019	n/a	n/a	HK$16m
Dec 31 2018	HK$1m	HK$600k	HK$17m
Sep 30 2018	n/a	n/a	HK$19m
Jun 30 2018	n/a	n/a	HK$20m
Mar 31 2018	n/a	n/a	HK$21m
Dec 31 2017	HK$1m	HK$1m	HK$22m

Compensation vs Market: Ning's total compensation ($USD512.59K) is below average for companies of similar size in the German market ($USD993.35K).

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

CEO

Ning Su (43 yo)

5.3yrs

Tenure

HK$4,004,000

Compensation

Mr. Ning Su has been the Chief Executive Officer at BOE Varitronix Limited since January 1, 2019, serves as Executive Director since April 2016 and was its Co-Chief Executive Officer since April 28, 2016 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wenbao Gao	Executive Chairman	5.7yrs	no data	no data
Ning Su	CEO & Executive Director	5.3yrs	HK$4.00m	0.16% HK$ 893.3k
Wing Yan Ko	Vice Chairlady	9.6yrs	HK$3.37m	0.16% HK$ 887.2k
Kai Cheong Chung	CFO & Company Secretary	2.1yrs	no data	no data
Wing Choi	Chief Operating Officer	no data	no data	no data
Dae Keun Yoon	Chief Technology Officer	less than a year	no data	no data
Siu Wah Chan	Senior Manager of Human Resources and Public Relations	no data	no data	no data
Soo Bin Park	Chief Marketing Officer	no data	no data	no data
Ah Ng	Assistant GM & Head of Quality	no data	no data	no data

2.1yrs

Average Tenure

49yo

Average Age

Experienced Management: VTX's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wenbao Gao	Executive Chairman	5.7yrs	no data	no data
Ning Su	CEO & Executive Director	8.1yrs	HK$4.00m	0.16% HK$ 893.3k
Wing Yan Ko	Vice Chairlady	9.6yrs	HK$3.37m	0.16% HK$ 887.2k
Ho Hwa Chu	Independent Non-Executive Director	7.9yrs	HK$318.00k	0.0038% HK$ 20.7k
Yuk Kan Fung	Independent Non-Executive Director	7.9yrs	HK$318.00k	0.023% HK$ 125.3k
Xibin Shao	Non-Executive Director	5.1yrs	no data	no data
Hao Jin	Non-Executive Director	5.1yrs	no data	no data
Chao Meng	Non-Executive Director	1.3yrs	no data	no data
Chunlin Pang	Independent Non-Executive Director	1.1yrs	HK$147.00k	no data

5.7yrs

Average Tenure

50yo

Average Age

Experienced Board: VTX's board of directors are considered experienced (5.7 years average tenure).

BOE Varitronix Management

Management criteria checks 4/4

Key information

Recent management updates

BOE Varitronix Limited, Annual General Meeting, Jun 25, 2024

BOE Varitronix Limited Appoints Meng Chao as Non-Executive Director

BOE Varitronix Limited Announces Passing Away of Zhang Jianqiang, Non-Executive Director

Less than half of directors are independent

Independent Non-Executive Director recently sold €54k worth of stock

Less than half of directors are independent

Recent updates

Full year 2023 earnings released: EPS: HK$0.60 (vs HK$0.78 in FY 2022)

Now 21% overvalued

Dividend of HK$0.19 announced

BOE Varitronix Limited, Annual General Meeting, Jun 25, 2024

Full year 2023 earnings released: EPS: HK$0.60 (vs HK$0.78 in FY 2022)

Now 21% overvalued

BOE Varitronix Limited to Report Fiscal Year 2023 Final Results on Mar 21, 2024

Now 28% overvalued

Investor sentiment improves as stock rises 22%

New major risk - Earnings quality

First half 2023 earnings released: EPS: HK$0.26 (vs HK$0.34 in 1H 2022)

BOE Varitronix Limited to Report First Half, 2023 Results on Aug 22, 2023

Upcoming dividend of HK$0.23 per share at 2.0% yield

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: HK$0.78 (vs HK$0.45 in FY 2021)

Now 21% undervalued

BOE Varitronix Limited Appoints Meng Chao as Non-Executive Director

BOE Varitronix Limited Announces Passing Away of Zhang Jianqiang, Non-Executive Director

Now 21% undervalued

Investor sentiment improves as stock rises 16%

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Independent Non-Executive Director recently sold €54k worth of stock

Investor sentiment deteriorated over the past week

BOE Varitronix Limited has completed a Follow-on Equity Offering in the amount of HKD 506.16 million.

First half 2022 earnings released: EPS: HK$0.34 (vs HK$0.13 in 1H 2021)

Investor sentiment improved over the past week

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Six-Month Period Ended 30 June 2022

Upcoming dividend of HK$0.15 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: HK$0.45 (vs HK$0.093 in FY 2020)

Less than half of directors are independent

BOE Varitronix Limited Announces Company Secretary and Authorised Representative

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First half 2021 earnings released: EPS HK$0.13 (vs HK$0.025 in 1H 2020)

Investor sentiment improved over the past week

First half 2021 earnings released: EPS HK$0.13 (vs HK$0.025 in 1H 2020)

Boe Varitronix Limited Provides Earnings Outlook for the Second Half of 2021

BOE Varitronix Limited Provides Unaudited Consolidated Financial Guidance for the Six Months Ended 30 June 2021

Upcoming dividend of HK$0.05 per share

Full year 2020 earnings released: EPS HK$0.093 (vs HK$0.034 in FY 2019)

BOE Varitronix Limited Recommends Final Dividend for the Year Ended 31 December 2020, Payable on 19 July 2021

CEO & Executive Director recently bought €60k worth of stock

Full year 2020 earnings released: EPS HK$0.093 (vs HK$0.034 in FY 2019)

BOE Varitronix Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

New 90-day high: €0.46

New 90-day high: €0.34

New 90-day high: €0.33

First half earnings released

New 90-day high - €0.30

First half earnings released

BOE Varitronix Limited to Report First Half, 2020 Results on Aug 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age