Shulou(Shulou.com)11/24 Report--

CTOnews.com, May 11 / PRNewswire-Asianet /-- with the end of the 2022 earnings season, many auto companies have announced the pay of their executives. Among them, the director remuneration expenditure of ideal Automobile reached 122.984 million yuan in 2022, an increase of 34% over the same period last year, ranking first in the salary list of executives of automobile companies that have disclosed data.

Among them, Li Xiang, Shen Yanan and Li tie were paid 1.705 million yuan, 20.874 million yuan and 100 million yuan respectively. Of the 100 million salary of CFO Li tie, the salary allowance is 2.03 million yuan, the pension plan contribution is 139000 yuan, and the share-based salary is as high as 98.236 million yuan, which can be called the new generation of "working emperors."

CTOnews.com noted that the salary of Shen Yanan, the former president of ideal Motor, another core figure, was 20.874 million yuan, down from 87.5 million in 2021. In September 2022, Hong Kong Stock Exchange filings showed that Shen Yanan sold 1 million shares in two days and cashed out more than 90 million yuan. Based on this, his income in 2022 also exceeded 100 million yuan. In December 2022, Shen Yanan announced his resignation.

On May 10, ideal Motor announced its first quarter 2023 results. Data show that in the first quarter of 2023, ideal car revenue was 18.79 billion yuan, an increase of 96.5 percent over the same period last year; net profit and operating profit were 1.41 billion yuan and 890 million yuan respectively (excluding equity incentives), and free cash flow was 6.7 billion yuan. In addition, ideal car invested a total of 1.85 billion yuan in research and development, an increase of 34.8% over the same period last year. In the same period, ideal cars delivered a total of 52584 new cars, an increase of 65.8% over the same period last year, setting a record for single-quarter delivery. By the end of April, the cumulative delivery of ideal cars had exceeded 330000.

In terms of the closely watched gross margin, the ideal gross profit margin for cars was stable at 20.4% in the first quarter of 2023, compared with 22.6% in the first quarter of 2022 and 20.2% in the fourth quarter of 2022. In response to the decline in gross profit margin, ideal car CFO Li tie responded: "in the first quarter of this year, the sales of ideal ONE reduced quarterly overall vehicle gross profit margin by 1.6%. We expect to complete all ideal ONE sales in the first half of this year, so we can basically eliminate this part of the impact."

In addition, the salaries of executives of zero-running cars are firmly in the first echelon among the new forces of car-building, Hexun reported. According to the financial report, the annual salary of Chairman Zhu Jiangming was 56.361 million yuan, an increase of 490.4 percent over the same period last year, while that of President Wu Baojun was 43.823 million yuan, an increase of 12 percent over the same period last year. The salary of Cao Li, senior vice president of the company is also close to 20 million yuan.

The total salary of Xiaopeng automobile management is only 4.209 million yuan, of which chairman he Xiaopeng earns 1.365 million yuan and co-founder Xia Heng 1.332 million yuan.

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