Reach New Holdings Management
Management criteria checks 1/4
Reach New Holdings' CEO is Rongsheng Li, appointed in Nov 2023, has a tenure of 1.17 years. total yearly compensation is CN¥32.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 7.89% of the company’s shares, worth HK$28.58M. The average tenure of the management team and the board of directors is 1.2 years and 1.3 years respectively.
Key information
Rongsheng Li
Chief executive officer
CN¥32.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 1.2yrs |
| CEO ownership | 7.9% |
| Management average tenure | 1.2yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
Reach New Holdings Limited's (HKG:8471) 62% Share Price Surge Not Quite Adding Up
Aug 23
We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Jul 14This Is Why Reach New Holdings Limited's (HKG:8471) CEO Compensation Looks Appropriate
Apr 26We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Mar 17How Much Did Reach New Holdings' (HKG:8471) CEO Pocket Last Year?
Dec 01
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -CN¥27m |
| Mar 31 2024 | n/a | n/a | -CN¥23m |
| Dec 31 2023 | CN¥32k | CN¥32k | -CN¥22m |
Compensation vs Market: Rongsheng's total compensation ($USD4.36K) is below average for companies of similar size in the Hong Kong market ($USD229.92K).
Compensation vs Earnings: Insufficient data to compare Rongsheng's compensation with company performance.
CEO
Rongsheng Li (35 yo)
1.2yrs
Tenure
CN¥32,000
Compensation
Mr. Rongsheng Li is Executive Director & Chief Executive Officer of Reach New Holdings Limited from November 28, 2023. He has B.A. in Arts from Nankai University, M.B.A. from Hong Kong Metropolitan Univers...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairlady | 1.3yrs | CN¥145.00k | 12.89% HK$ 46.7m | |
| CEO & Executive Director | 1.2yrs | CN¥32.00k | 7.89% HK$ 28.6m | |
| Executive Director | less than a year | CN¥624.00k | no data | |
| Executive Director | 9yrs | CN¥601.00k | no data | |
| Company Secretary | 1.3yrs | no data | no data |
1.2yrs
Average Tenure
41yo
Average Age
Experienced Management: 8471's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairlady | 1.3yrs | CN¥145.00k | 12.89% HK$ 46.7m | |
| CEO & Executive Director | 1.2yrs | CN¥32.00k | 7.89% HK$ 28.6m | |
| Executive Director | 9yrs | CN¥624.00k | no data | |
| Executive Director | 9yrs | CN¥601.00k | no data | |
| Independent Non-Executive Director | 1.2yrs | CN¥12.00k | no data | |
| Independent Non-Executive Director | 2.9yrs | CN¥156.00k | no data | |
| Independent Non-Executive Director | 1.3yrs | CN¥33.00k | no data |
1.3yrs
Average Tenure
44yo
Average Age
Experienced Board: 8471's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 11:05 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Reach New Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|