First Service Holding Management

Management criteria checks 3/4

First Service Holding's CEO is Peiqing Liu, appointed in Nov 2023, has a tenure of 4.83 years. total yearly compensation is CN¥1.29M, comprised of 32.8% salary and 67.2% bonuses, including company stock and options. directly owns 1% of the company’s shares, worth HK$4.05M. The average tenure of the management team and the board of directors is 4.8 years and 4.8 years respectively.

Key information

Peiqing Liu

Chief executive officer

CN¥1.3m

Total compensation

CEO salary percentage	32.8%
CEO tenure	less than a year
CEO ownership	1.0%
Management average tenure	4.8yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

Investors Aren't Buying First Service Holding Limited's (HKG:2107) Earnings

Jul 23

First Service Holding Limited's (HKG:2107) Shares Bounce 29% But Its Business Still Trails The Market

Apr 08

First Service Holding (HKG:2107) Has Announced That It Will Be Increasing Its Dividend To HK$0.068

Apr 28

First Service Holding's (HKG:2107) Dividend Will Be Increased To HK$0.068

Apr 06

Is Now The Time To Put First Service Holding (HKG:2107) On Your Watchlist?

Dec 11

Calculating The Fair Value Of First Service Holding Limited (HKG:2107)

Mar 23

What Kind Of Investors Own Most Of First Service Holding Limited (HKG:2107)?

Jan 22

CEO Compensation Analysis

How has Peiqing Liu's remuneration changed compared to First Service Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CN¥57m
Mar 31 2024	n/a	n/a	CN¥57m
Dec 31 2023	CN¥1m	CN¥423k	CN¥57m
Sep 30 2023	n/a	n/a	CN¥57m
Jun 30 2023	n/a	n/a	CN¥58m
Mar 31 2023	n/a	n/a	CN¥49m
Dec 31 2022	CN¥982k	CN¥391k	CN¥41m
Sep 30 2022	n/a	n/a	CN¥16m
Jun 30 2022	n/a	n/a	-CN¥9m
Mar 31 2022	n/a	n/a	CN¥13m
Dec 31 2021	CN¥717k	CN¥288k	CN¥35m
Sep 30 2021	n/a	n/a	CN¥80m
Jun 30 2021	n/a	n/a	CN¥125m
Mar 31 2021	n/a	n/a	CN¥109m
Dec 31 2020	CN¥551k	CN¥192k	CN¥93m
Dec 31 2019	CN¥418k	CN¥178k	CN¥77m

Compensation vs Market: Peiqing's total compensation ($USD177.72K) is about average for companies of similar size in the Hong Kong market ($USD232.62K).

Compensation vs Earnings: Peiqing's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Peiqing Liu (41 yo)

less than a year

Tenure

CN¥1,288,000

Compensation

Mr. Peiqing Liu serves as chief executive officer of First Service Holding Limited since November 20, 2023. He was the Co-Chief Executive Officer at First Service Holding Limited since January 20, 2020 and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peiqing Liu	CEO, GM & Executive Director	less than a year	CN¥1.29m	1% HK$ 4.0m
Li Zhu	Executive Director & CFO	4.8yrs	CN¥830.00k	0.0079% HK$ 32.0k
Chungang Jin	Executive Director & Deputy GM	4.8yrs	CN¥1.24m	0.080% HK$ 322.3k
Jiao Niu	Secretary of the Board	4.8yrs	no data	no data
Sau Mei Ng	Company Secretary	1.4yrs	no data	no data

4.8yrs

Average Tenure

46yo

Average Age

Experienced Management: 2107's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peiqing Liu	CEO, GM & Executive Director	4.8yrs	CN¥1.29m	1% HK$ 4.0m
Li Zhu	Executive Director & CFO	4.8yrs	CN¥830.00k	0.0079% HK$ 32.0k
Chungang Jin	Executive Director & Deputy GM	4.8yrs	CN¥1.24m	0.080% HK$ 322.3k
Peng Zhang	Chairman of the Board	4.8yrs	no data	14.16% HK$ 57.3m
Han Long	Non-executive Director	4.8yrs	no data	0.83% HK$ 3.4m
Peng Cheng	Independent Non-Executive Director	4.3yrs	CN¥100.00k	no data
Jing Sun	Independent Non-Executive Director	4.3yrs	CN¥100.00k	no data
Zi Ming Wang	Non-Executive Director	less than a year	no data	no data
Xi Yang	Independent Non-Executive Director	less than a year	no data	no data

4.8yrs

Average Tenure

46yo

Average Age

Experienced Board: 2107's board of directors are considered experienced (4.8 years average tenure).

First Service Holding Management

Management criteria checks 3/4

Key information

Recent management updates

First Service Holding Limited Announces Board and Committee Changes

CEO, GM & Executive Director recently bought HK$180k worth of stock

First Service Holding Limited, Annual General Meeting, Jun 20, 2024

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces Board Changes

Recent updates

First Service Holding Limited Announces Board and Committee Changes

First half 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.038 in 1H 2023)

First Service Holding Limited to Report First Half, 2024 Results on Aug 28, 2024

CEO, GM & Executive Director recently bought HK$180k worth of stock

Investors Aren't Buying First Service Holding Limited's (HKG:2107) Earnings

Upcoming dividend of HK$0.033 per share

New minor risk - Shareholder dilution

First Service Holding Limited's (HKG:2107) Shares Bounce 29% But Its Business Still Trails The Market

First Service Holding Limited, Annual General Meeting, Jun 20, 2024

Full year 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.042 in FY 2022)

First Service Holding Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 18 July 2024

First Service Holding Limited to Report Fiscal Year 2023 Results on Mar 26, 2024

Estimating The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 25% undervalued after recent price drop

Now 22% undervalued after recent price drop

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces Board Changes

Concerns Surrounding First Service Holding's (HKG:2107) Performance

Co-CEO, GM & Executive Director recently sold HK$116k worth of stock

First half 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.021 in 1H 2022)

First Service Holding Limited to Report First Half, 2023 Results on Aug 30, 2023

Upcoming dividend of HK$0.03 per share at 5.1% yield

First Service Holding Limited Announces Executive Changes

Full year 2022 earnings released: EPS: CN¥0.042 (vs CN¥0.036 in FY 2021)

Now 27% undervalued after recent price drop

Now 22% undervalued after recent price drop

A Look At The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Less than half of directors are independent

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

First half 2022 earnings released: EPS: CN¥0.021 (vs CN¥0.065 in 1H 2021)

First Service Holding Limited to Report First Half, 2022 Results on Aug 23, 2022

Now 20% undervalued after recent price drop

Upcoming dividend of HK$0.068 per share

Estimating The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 20% undervalued after recent price drop

First Service Holding (HKG:2107) Has Announced That It Will Be Increasing Its Dividend To HK$0.068

Less than half of directors are independent

First Service Holding's (HKG:2107) Dividend Will Be Increased To HK$0.068

Full year 2021 earnings released: EPS: CN¥0.036 (vs CN¥0.12 in FY 2020)

Less than half of directors are independent

First Service Holding Limited, Annual General Meeting, Jun 21, 2022

First Service Holding Limited Announces Management Changes

First Service Holding Limited Provides Earnings Guidance for the Fiscal Year Ended December 31, 2021

Sunac Services Holdings Limited (SEHK:1516) cancelled the acquisition of 21.39% stake in First Service Holding Limited (SEHK:2107) from Zhang Lei and Zhang Peng.

Sunac Services Holdings Limited (SEHK:1516) cancelled the acquisition of 2.18% stake in First Service Holding Limited (SEHK:2107) from Liu Peiqing and Long Han.

Investor sentiment improved over the past week

Is Now The Time To Put First Service Holding (HKG:2107) On Your Watchlist?

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Co-CEO, GM & Executive Director recently bought HK$66k worth of stock

Co-CEO, GM & Executive Director recently bought HK$352k worth of stock

Investor sentiment improved over the past week

Chairman of the Board recently bought HK$91k worth of stock

Chairman of the Board recently bought HK$140k worth of stock

Chairman of the Board recently bought HK$113k worth of stock

Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.10 in FY 2019)

Chairman of the Board recently bought HK$65k worth of stock

Chairman of the Board recently bought HK$117k worth of stock

Calculating The Fair Value Of First Service Holding Limited (HKG:2107)

Full year 2020 earnings released: EPS CN¥0.12

First Service Holding Limited to Report Fiscal Year 2020 Results on Mar 22, 2021