Operator Finance Network Zhu Xinyu/Wen
Not long ago, Kaiying Network disclosed its annual report for 2023, and its revenue and net profit both rose a lot, causing external attention. At the same time, Caijing, the operator, noticed that most of the executives of Kaiying Network also got a lot of salary increases, but only Lin Bin, the deputy general manager, got a pay cut. Why?
According to the annual report, the operating revenue of Kaiying Network last year was about 4.295 billion yuan, up 15.30% compared with the same period last year; The net profit attributable to shareholders of the listed company was about 1.462 billion yuan, up 42.57% year on year; The net profit attributable to shareholders of the listed company after deducting non recurring profits and losses was about 1.351 billion yuan, up 41.26% year on year.
With the increase of revenue and the sharp increase of net profit, the annual salary of Kaiying Network executives also increased, for example, Shen Jun, vice chairman and general manager, increased his salary by 156300 yuan, Qian Junfa, vice president, and Zhao Fan increased their salary by nearly 400000 yuan, respectively, and Tang Yue, vice president, increased his salary by 268000 yuan.
However, Lin Bin, the deputy general manager, has cut his salary by 150000 yuan. Why is he the only one who has raised his salary?
According to the annual report, Lin Bin and the other three vice presidents have bachelor's degrees, but they did not disclose their specific graduation institutions. I wonder whether they graduated from Tang Yuegao of Fudan University?
Lin Bin has worked in Kaiying Network since September 2012. He has successively served as the general manager of Shanghai Kaiying Network Technology Co., Ltd.'s XY platform, general manager of XY business unit, vice president of the game business unit, and senior vice president of the company's game R&D business group and game distribution business group. On January 20, 2021, Lin Bin was appointed as the Deputy General Manager, and has been working since then.
Vice President Tang Yue also worked for Kaiying Network as early as 2012, and then took the post of Vice President in December 2019. Vice President Qian Junfa and Zhao Fan were appointed as Vice President in March 2019 and January 6, 2020 respectively.
It is worth mentioning that although Lin Bin took office as Vice President later than the other three Vice Presidents, his annual salary was much higher than theirs since he took office. Although the annual salary of Lin Bin will decrease from 3.6037 million to 3.4536 million in 2023, he is still the top executive of the company, more than 1.79 million more than Qian Junfa. In addition, Lin Bin's annual salary is 990000 more than Chairman Jin Feng, which is quite a lot!
