HSC Resources Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Alexander Li

Chief executive officer

HK$3.0m

Total compensation

CEO salary percentage	99.4%
CEO tenure	7.7yrs
CEO ownership	n/a
Management average tenure	2.8yrs
Board average tenure	less than a year

Recent management updates

Recent updates

Investors Give HSC Resources Group Limited (HKG:1850) Shares A 26% Hiding

Mar 17

Market Might Still Lack Some Conviction On HSC Resources Group Limited (HKG:1850) Even After 138% Share Price Boost

Dec 26

CEO Compensation Analysis

How has Alexander Li's remuneration changed compared to HSC Resources Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 31 2023	n/a	n/a	HK$4m
Jul 31 2023	n/a	n/a	HK$5m
Apr 30 2023	HK$3m	HK$3m	HK$7m
Jan 31 2023	n/a	n/a	-HK$30k
Oct 31 2022	n/a	n/a	-HK$7m
Jul 31 2022	n/a	n/a	-HK$7m
Apr 30 2022	HK$13m	HK$3m	-HK$7m
Jan 31 2022	n/a	n/a	-HK$6m
Oct 31 2021	n/a	n/a	-HK$4m
Jul 31 2021	n/a	n/a	HK$235k
Apr 30 2021	HK$1m	HK$1m	HK$5m
Jan 31 2021	n/a	n/a	-HK$2m
Oct 31 2020	n/a	n/a	-HK$10m
Jul 31 2020	n/a	n/a	-HK$15m
Apr 30 2020	HK$6m	HK$2m	-HK$21m
Jan 31 2020	n/a	n/a	-HK$4m
Oct 31 2019	n/a	n/a	HK$12m
Jul 31 2019	n/a	n/a	HK$15m
Apr 30 2019	HK$797k	HK$779k	HK$19m
Jan 31 2019	n/a	n/a	HK$27m
Oct 31 2018	n/a	n/a	HK$28m
Jul 31 2018	n/a	n/a	HK$26m
Apr 30 2018	HK$714k	HK$646k	HK$24m
Jan 31 2018	n/a	n/a	HK$12m
Oct 31 2017	n/a	n/a	HK$10m
Jul 31 2017	n/a	n/a	HK$3m
Apr 30 2017	HK$691k	HK$626k	HK$2m

Compensation vs Market: Alexander's total compensation ($USD385.51K) is above average for companies of similar size in the Hong Kong market ($USD233.52K).

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

CEO

Alexander Li (62 yo)

7.7yrs

Tenure

HK$3,018,000

Compensation

Mr. Shing Kuen Li, also known as Alexander, is Chief Executive Officer at HSC Resources Group Limited (formerly known as WINDMILL Group Limited). He was the Chairman of HSC Resources Group Limited (formerl...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shing Kuen Li	CEO & Executive Director	no data	HK$3.02m	no data
Junheng Li	Executive Chairman of the Board	less than a year	no data	14.13% HK$ 16.1m
Man Chi Ma	Financial Controller	4.9yrs	no data	no data
Wan Yi Leung	Administration Manager	7.4yrs	no data	no data
Wai Yin Tang	Head of Project	3.5yrs	no data	no data
Liuqiu Liu	President of China Business	1.7yrs	no data	no data
Yan Yuen Yau	Company Secretary	2.1yrs	no data	no data

2.8yrs

Average Tenure

50yo

Average Age

Experienced Management: 1850's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Shing Kuen Li	CEO & Executive Director	7.7yrs	HK$3.02m	no data
Junheng Li	Executive Chairman of the Board	less than a year	no data	14.13% HK$ 16.1m
Wing Kwok Fu	Independent Non-Executive Director	no data	no data	no data
Ka Chun Li	Independent Non-Executive Director	2.1yrs	HK$120.00k	no data
Suet Man Mak	Independent Non-Executive Director	less than a year	no data	no data
Sicheng Liu	Independent Non-Executive Director	less than a year	no data	no data
Ngai Chau	Independent Non-Executive Director	no data	no data	no data

0.8yrs

Average Tenure

37yo

Average Age

Experienced Board: 1850's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.

HSC Resources Group Management

Management criteria checks 2/4

Key information

Recent management updates

HSC Resources Group Limited Announces Board Changes

WINDMILL Group Limited Appoints Liu Sicheng Shall as an Independent Non-Executive Director with Effect from 27 October 2023

Executive Chairman of the Board recently bought HK$6.3m worth of stock

WINDMILL Group Limited Re-Designates Wang Ya from Executive Director to Non-Executive Director

WINDMILL Group Limited, Annual General Meeting, Oct 20, 2023

High number of new and inexperienced directors

Recent updates

HSC Resources Group Limited has filed a Follow-on Equity Offering in the amount of HKD 16.128 million.

HSC Resources Group Limited has filed a Follow-on Equity Offering in the amount of HKD 16.128 million.

HSC Resources Group Limited Announces Board Changes

Investors Give HSC Resources Group Limited (HKG:1850) Shares A 26% Hiding

First half 2024 earnings released: EPS: HK$0.018 (vs HK$0.11 in 1H 2023)

Market Might Still Lack Some Conviction On HSC Resources Group Limited (HKG:1850) Even After 138% Share Price Boost

HSC Resources Group Limited to Report First Half, 2024 Results on Dec 29, 2023

WINDMILL Group Limited Appoints Liu Sicheng Shall as an Independent Non-Executive Director with Effect from 27 October 2023

Executive Chairman of the Board recently bought HK$6.3m worth of stock

New major risk - Market cap size

New major risk - Share price stability

WINDMILL Group Limited Re-Designates Wang Ya from Executive Director to Non-Executive Director

Investor sentiment improves as stock rises 22%

Full year 2023 earnings released: EPS: HK$0.15 (vs HK$0.17 loss in FY 2022)

WINDMILL Group Limited, Annual General Meeting, Oct 20, 2023

High number of new and inexperienced directors

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: HK$0.007 (vs HK$0.17 loss in FY 2022)

Windmill Group Limited Announces Board Changes

WINDMILL Group Limited to Report Fiscal Year 2023 Results on Jul 28, 2023

New major risk - Shareholder dilution

New minor risk - Financial data availability

First half 2023 earnings released: EPS: HK$0.006 (vs HK$0.007 in 1H 2022)

WINDMILL Group Limited to Report First Half, 2023 Results on Dec 21, 2022

High number of new and inexperienced directors

WINDMILL Group Limited, Annual General Meeting, Oct 21, 2022

WINDMILL Group Limited Announces Appointment of Liu Liuqiu as the President of China Business

Full year 2022 earnings released: HK$0.009 loss per share (vs HK$0.006 profit in FY 2021)

WINDMILL Group Limited to Report Fiscal Year 2022 Results on Jul 22, 2022

High number of new and inexperienced directors

Windmill Group Limited Announces Director Changes

Less than half of directors are independent

Windmill Group Limited Announces Board Changes

First half 2022 earnings: Revenues and EPS in line with analyst expectations

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Insider recently bought HK$3.4m worth of stock

Independent & Non Executive Director Man Biu Tsang has left the company

Independent & Non Executive Director Kin Wa Pun has left the company

Independent & Non Executive Director Kwok Tung Lee has left the company

Insider recently sold HK$2.3m worth of stock

Insider recently sold HK$27m worth of stock

Insufficient new directors

Full year 2021 earnings released: EPS HK$0.006 (vs HK$0.026 loss in FY 2020)

Jiang Jianhui, Ren Guisheng and Yu Lixiong made the Offer to acquire remaining 25% stake in WINDMILL Group Limited (SEHK:1850) for HKD 66.7 million.

Full year 2021 earnings released: EPS HK$0.006 (vs HK$0.026 loss in FY 2020)

New 90-day high: HK$0.29

First half 2021 earnings released: EPS HK$0.019

WINDMILL Group Limited to Report First Half, 2021 Results on Dec 16, 2020

New 90-day high: HK$0.28

Full year earnings released - HK$0.026 loss per share

New 90-day low - HK$0.24

WINDMILL Group Limited to Report Fiscal Year 2020 Results on Jul 29, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age