Vema's founder revenue of 1.2 billion?Netizen: Equity income is also included in annual salary?

A few days ago, a verdation of a#日 日 日 8.2 billion founders' annual salary of 1.2 billion#was rushed to the hot search.

The content of the entry shows that the previous prospectus released by Weimar Motors disclosed that between 2019 and 2021, the amount of loss of Weimar Motors continued to increase, of which the loss was about 8.2 billion yuan in 2021. However, Shen Hui, the founder, chairman and CEO of Weimar Automobile, reached 1.26 billion yuan in 2021. In the same year, the total salary paid by Weimar Automobile to the main management was 1.75 billion yuan, and Shen Hui's salary accounted for 72%of the main management salary.

In addition, the administrative expenses of Weimar Automobile in 2021 also increased significantly by 57%year -on -year to 2.7 billion yuan. In the prospectus, Weimar Automobile explained that the main reasons for administrative expenses to increase significantly were granting shares awarding shares to management members, which caused a large increase in payment expenses based on shares, as well as payments to C+series of investors. Essence

Under the entry, many netizens have just envious, saying, "Unimaginable."

Picture source: Sina Weibo

However, some netizens said that the annual salary of executives should not be counted as shares.

Picture source: Sina Weibo

In fact, from the perspective of the prospectus, among Shen Hui's salary of 1.26 billion yuan, the salary and redness of about 200,000 yuan, which is limited to the restricted shares/purchase equity expenditure of approximately 1.259 billion yuan.

Image source: Weimar Automobile Public Fair Fair

"The salary of 1.26 billion yuan is not the actual salary of Shen Hui, it should be the combination of his salary and restricted shares. Performing conditions and standards may not be able to achieve redemption. Only after the company is listed can he really get the money. "An industry insider told the Daily Economic News reporter.

According to the logic of the Hong Kong capital market and the requirements of the financial accounting system, Shen Hui's shares are a possible income that may occur in the future, and there is no actual expenditure. The data disclosed in the prospectus is generally an incentive method set by enterprises to choose a high amount to promote the contribution made by executives for the listing of the enterprise.

In fact, incentives to send shares to the executives are also the consistent practice of many companies before IPO. For example, when Xiaomi was listed in 2018, the administrative expenditure in the second quarter of that year reached 10.457 billion yuan, an increase of 4469.6%year -on -year. Equity incentives.

"This kind of equity incentive generally has some additional targets, and executives may only be obtained in stages or several years. Moreover, whether executives can get so much money in the end, it depends on the development of the company after listing. The situation. However, the account of this money before listing can bring better expectations to the capital market, which will have greater positive significance for the future development of Weimar Automobile. "The above -mentioned industry insiders said.

Picture source: Daily Economic News Map

The prospectus shows that from October 2021 to March 2022, Wima Automobile completed the D round of financing and raised $ 596 million, with a post -investment valuation of US $ 7.04 billion. RMB 45.1 billion. From the perspective of terminal sales, in the first eight months of this year, Weimar Automobile's cumulative delivery of new cars (number of risks) was about 29,000 units, an increase of 41%year -on -year.

At present, Weimar Motors has submitted an IPO application, and there are a series of procedures such as reviewing, hearing, and roadshow. In the future of Weimar Motor's listing, the industry will continue to pay attention to.

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