Tsingtao Brewery Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Zong Xiang Jiang

Chief executive officer

CN¥1.6m

Total compensation

CEO salary percentage	40.0%
CEO tenure	2.4yrs
CEO ownership	0.008%
Management average tenure	no data
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Zong Xiang Jiang's remuneration changed compared to Tsingtao Brewery's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CN¥4b
Jun 30 2024	n/a	n/a	CN¥4b
Mar 31 2024	n/a	n/a	CN¥4b
Dec 31 2023	CN¥2m	CN¥632k	CN¥4b
Sep 30 2023	n/a	n/a	CN¥4b
Jun 30 2023	n/a	n/a	CN¥4b
Mar 31 2023	n/a	n/a	CN¥4b
Dec 31 2022	CN¥882k	CN¥514k	CN¥4b
Sep 30 2022	n/a	n/a	CN¥4b
Jun 30 2022	n/a	n/a	CN¥4b
Mar 31 2022	n/a	n/a	CN¥3b
Dec 31 2021	CN¥805k	n/a	CN¥3b
Sep 30 2021	n/a	n/a	CN¥3b
Jun 30 2021	n/a	n/a	CN¥3b
Mar 31 2021	n/a	n/a	CN¥3b
Dec 31 2020	CN¥678k	n/a	CN¥2b
Sep 30 2020	n/a	n/a	CN¥2b
Jun 30 2020	n/a	n/a	CN¥2b
Mar 31 2020	n/a	n/a	CN¥2b
Dec 31 2019	CN¥287k	n/a	CN¥2b

Compensation vs Market: Zong Xiang's total compensation ($USD218.34K) is below average for companies of similar size in the Hong Kong market ($USD901.89K).

Compensation vs Earnings: Zong Xiang's compensation has increased by more than 20% in the past year.

CEO

Zong Xiang Jiang (51 yo)

2.4yrs

Tenure

CN¥1,580,585

Compensation

Mr. Zong Xiang Jiang serves as President of Supply Chain at Tsingtao Brewery Company Limited and served as its Vice President and serves as its President since June 21, 2022 and also serves as its Executiv...

Board Members

Name	Position	Tenure	Compensation	Ownership
Zong Xiang Jiang	President	2.4yrs	CN¥1.58m	0.0075% HK$ 6.6m
Qiuyan Hou	Head of Accounting	2.4yrs	CN¥794.69k	0.0056% HK$ 4.9m
Rui Yong Wang	VP & Executive Director	6.4yrs	CN¥1.54m	0.0081% HK$ 7.0m
Sun Li Hong	Head of Law Affairs Department and Employee Representative Supervisor	no data	CN¥442.20k	no data
Yan Li	Chairman of the Supervisory Board	no data	CN¥70.00k	no data
Zu Jiang Huang	Employee Representative of the Supervisory Board	4.8yrs	CN¥109.40k	0.00095% HK$ 829.9k
Ke Xing Huang	Executive Chairman	11.4yrs	CN¥1.74m	0.010% HK$ 8.7m
Geng Xiao	Independent Non-Executive Director	4.4yrs	CN¥120.00k	no data
Yaping Wang	Independent Supervisor	10.4yrs	CN¥40.00k	no data
Lei Ming Sheng	Independent Non-Executive Director	4.4yrs	CN¥120.00k	no data
Rania Zhang	Independent Non-Executive Director	3.4yrs	CN¥120.00k	no data
Xuebao Song	Independent Non-Executive Director	2.4yrs	CN¥120.00k	no data

4.4yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 168's board of directors are considered experienced (4.4 years average tenure).

Tsingtao Brewery Management

Management criteria checks 2/4

Key information

Recent management updates

Tsingtao Brewery Company Limited Announces Resignation of Jiang Xing Lu as Independent Non-Executive Director

Tsingtao Brewery Company Limited, Annual General Meeting, Jun 28, 2024

Tsingtao Brewery Company Limited, Annual General Meeting, Jun 16, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

Tsingtao Brewery Company Limited Announces Executive Changes

Recent updates

Third quarter 2024 earnings released: EPS: CN¥1.00 (vs CN¥1.10 in 3Q 2023)

Tsingtao Brewery Company Limited to Report Q3, 2024 Results on Oct 30, 2024

Investor sentiment improves as stock rises 24%

Second quarter 2024 earnings released: EPS: CN¥1.50 (vs CN¥1.45 in 2Q 2023)

Tsingtao Brewery Company Limited Approves Final Dividend for the Year Ended December 31, 2023, Payable on August 9, 2024

Tsingtao Brewery Company Limited Announces Resignation of Jiang Xing Lu as Independent Non-Executive Director

Dividend of CN¥2.00 announced

Tsingtao Brewery Company Limited, Annual General Meeting, Jun 28, 2024

Now 20% undervalued

Now 20% undervalued

Full year 2023 earnings released: EPS: CN¥3.14 (vs CN¥2.74 in FY 2022)

Tsingtao Brewery Company Limited to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings released: EPS: CN¥3.14 (vs CN¥2.74 in FY 2022)

Tsingtao Brewery Company Limited Proposes Final Dividend for the Financial Year End 31 December 2023, Payable on 09 August 2024

Tsingtao Brewery Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024

Third quarter 2023 earnings released: EPS: CN¥1.10 (vs CN¥1.05 in 3Q 2022)

Second quarter 2023 earnings released: EPS: CN¥1.44 (vs CN¥1.27 in 2Q 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Tsingtao Brewery Company Limited to Report First Half, 2023 Results on Aug 28, 2023

Upcoming dividend of CN¥1.80 per share at 2.0% yield

Now 20% undervalued after recent price drop

Tsingtao Brewery Company Limited Proposes Special Dividend for the Year Ended December 31, 2022, Payable on August 11, 2023

Tsingtao Brewery Company Limited, Annual General Meeting, Jun 16, 2023

Full year 2022 earnings released: EPS: CN¥2.74 (vs CN¥2.33 in FY 2021)

High number of new and inexperienced directors

Investor sentiment improved over the past week

Now 23% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: CN¥1.05 (vs CN¥0.89 in 3Q 2021)

Tsingtao Brewery Company Limited to Report Q3, 2022 Results on Oct 26, 2022

Second quarter 2022 earnings released: EPS: CN¥1.26 (vs CN¥1.03 in 2Q 2021)

High number of new and inexperienced directors

Tsingtao Brewery Company Limited Announces Executive Changes

Tsingtao Brewery Company Limited Appoints Song Xuebao as the Independent Non-Executive Director

Upcoming dividend of CN¥1.10 per share

Tsingtao Brewery Company Limited Announces Resignation of Yu Zhu Ming as Chief Financial Officer

High number of new directors

Tsingtao Brewery Company Limited Announces Board Resignations

Tsingtao Brewery Company Limited, Annual General Meeting, Jun 28, 2022

First quarter 2022 earnings released: EPS: CN¥0.83 (vs CN¥0.76 in 1Q 2021)

High number of new directors

Tsingtao Brewery Company Limited Announces Supervisory Board Changes

Tsingtao Brewery Company Limited to Report Q1, 2022 Results on Apr 28, 2022

Tsingtao Brewery Company Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on August 12, 2022

Full year 2021 earnings released: EPS: CN¥2.31 (vs CN¥1.63 in FY 2020)

Investor sentiment deteriorated over the past week

Now 21% undervalued

Third quarter 2021 earnings released: EPS CN¥0.89 (vs CN¥0.83 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥1.03 (vs CN¥0.97 in 2Q 2020)

Second quarter 2021 earnings released: EPS CN¥1.02 (vs CN¥0.97 in 2Q 2020)

Independent Non-Executive Director Zeng Biao Yu has left the company

Upcoming dividend of CN¥0.75 per share

First quarter 2021 earnings released: EPS CN¥0.76 (vs CN¥0.40 in 1Q 2020)

Chairman of Board of Supervisors Gang Li has left the company

Full year 2020 earnings released: EPS CN¥1.63 (vs CN¥1.37 in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: EPS CN¥1.63 (vs CN¥1.37 in FY 2019)

Tsingtao Brewery Company Limited to Report Fiscal Year 2020 Results on Mar 29, 2021

Investor sentiment deteriorated over the past week

New 90-day low: HK$74.45

New 90-day high: HK$81.20

New 90-day high: HK$80.40

Market bids up stock over the past week

New 90-day high: HK$77.35

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

Tsingtao Brewery Company Limited to Report Q3, 2020 Results on Oct 29, 2020

First half earnings released

Tsingtao Brewery Company Limited (SEHK:168) agreed to acquire China water business from Nestlé S.A. (SWX:NESN).