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Yesterday, the domestic financial media titanium media released the ranking of executive compensation, Xiaopeng car Gu Hongdi ranked first with an annual salary of 434 million yuan, causing widespread concern among netizens. The rankings released by titanium media include the TOP20 ranking of executive compensation and the annual salary TOP50 list of individual executives. Xiaopeng Motor appears in both lists. Among the top executive compensation rankings, Tencent has the highest executive compensation, with seven directors earning a total annual salary of 506 million yuan, while Xiaopeng Motor ranks second with 440 million.

Among the annual salaries of individual executives, the one with the highest annual salary is Gu Hongdi, president of Xiaopeng Automobile, with an annual salary of 434 million yuan. In addition, the annual salaries of executives from 10 companies, including Tencent, Ali, JD.com, Lenovo and other technology companies, are all more than 100 million yuan.

The data come from Xiaopeng's public financial service. The total annual salary of the eight directors disclosed in Xiaopeng's financial report is 440 million yuan. Gu Hongdi, vice chairman and president of Xiaopeng Automobile, became the highest-paid executive in the above-mentioned company with an annual salary of 435 million yuan. according to the disclosed figures, the other seven received a total of about 5 million yuan. After verification with Xiaopeng Motor, the media further explained that Gu Hongdi's annual salary includes cash and options over the years, with the latter accounting for more than 99.5%.

This news has greatly stimulated the attention of netizens, and the topic of Xiaopeng Automobile President's personal annual salary of more than 400 million has become a hot search. Xiaopeng Motor responded to the media this afternoon: "there is a big difference between the fact that the annual salary of a senior executive of Xiaopeng Automobile has reached 435 million yuan, and the value of the executive's shares has been misinterpreted as annual salary." In the salary disclosed to the public, more than 99.5% are the equity incentives accumulated over the years, not the income in a year, but the sum of the equity incentives accumulated over the years. As the company's valuation has been greatly improved before and after the listing, the equity value has also risen, and the actual annual salary of the executive is more than 2 million yuan. " Equity income is the bulk of corporate executives, Xiaopeng's statement is equivalent to confirming the executive income of 400 million is true, but not for the annual salary of the year. Prior to joining Xiaopeng, Gu Hongdi served as chairman of the Asia-Pacific investment bank of JPMorgan Chase and a member of the global strategic advisory committee of JPMorgan Chase.

Take, for example, the compensation agreement reached between Tesla and Musk, another electric car company, in 2018. Musk has no salary, no base salary and no bonus in Tesla, but if the goals reached by both sides are achieved, Musk will be able to acquire a 12% stake in Tesla. In 2012, Musk and Tesla agreed on a 10-year operating goal. Musk could get a 5 per cent option bonus by achieving this goal, which took Musk only five years to complete. The option agreement between the two sides expires this year, which is why there have been frequent reports of the realization of Musk's share sales recently. Tesla's recent market capitalization is about $950 billion.

Tesla recently released his financial report for the fourth quarter of 2021. Tesla delivered a total of 300000 cars in the fourth quarter, with a gross profit of 30.6% and a net profit of $2.9 billion.

According to previous financial reports, Xiaopeng made a profit of-2.731 billion yuan in 2020. Xiaopeng's total revenue in the third quarter of 2021 was 5.72 billion yuan, a substantial increase of 187.4 per cent over the previous year, but its net loss was 1.595 billion yuan, an increase of 38.8 per cent over the same period last year. Several major electric car brands have broken out in recent months, with a total delivery of 12922 vehicles in January 2022. Successfully rewrote the order of "Wei Xiaoli" to "Xiaoli Wei". A week ago, the Shenzhen Stock Exchange officially incorporated Xiaopeng Motor into the Hong Kong Stock Connect, the first new car-building brand to enter the Hong Kong Stock Exchange, which is tantamount to regulatory recognition of Xiaopeng's achievements. As for whether the entry of personal income into the list is good or bad, or it all depends on the opinions of the benevolent and the wise. 


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