Job Market: Wanhua Chemical Pays 180 Thousand Labor Remuneration To Independent Director Year, And 20 Executives Pay 22 Million 770 Thousand In 2017.

The Limited by Share Ltd, the largest MDI manufacturing enterprise in Asia Pacific region (hereinafter referred to as "Wanhua chemical"), announced in February 18th that it objectively reflects the labor, risks and responsibilities of directors and supervisors, and encourages directors and supervisors to take an active part in decision-making and management. The company pays a certain amount of allowances to directors and supervisors.

The announcement shows that the director and supervisor allowance of Wanhua chemical is composed of three parts: remuneration for labor, commission duty allowance and conference assistance.

Labor remuneration refers to the basic remuneration for directors, independent directors and supervisors to participate in the work of the board of directors and board of supervisors. Directors and supervisors are RMB 150 thousand yuan per person per year. Among them, directors and supervisors who receive remuneration are 50 thousand yuan per person per year, and 180 thousand yuan yuan per person per person per year.

Commission allowance refers to the duty allowance for directors and supervisors to participate in the work of special committees.

The standard is 1500 yuan per person per month (18 thousand yuan per year) for the chairman of the committee, 1000 yuan per person per month (12 thousand yuan per year), and the directors and supervisors who participate in the work of several special committees. The allowance of their committees is distributed according to the number of committees they serve.

The conference subsidy refers to the subsidy for directors and supervisors to attend the on-site meetings of the board of directors and the board of supervisors. The standard is 3000 yuan per person, and the directors and supervisors who receive remuneration from the company do not enjoy the conference subsidy.

The above remuneration is the amount before tax. Wanhua chemical will deduct and pay personal income tax according to the provisions of the tax law.

It was informed by the reporter that the directors of Wanhua chemical were 7 people, namely, Kou Guangwu, MU Simon Xinming, Liao Zengtai, Li Jiankui, Guo Xingtian, Liu Lixin, Ding Jiansheng, and 4 independent directors.

According to public information, Wanhua chemical originated from the Yantai synthetic leather factory established in 1978. It was the first polyurethane industrial base in China. After many years of development, it completed the shareholding system reform in December 1998 and was listed on the Shanghai stock exchange in 2001.

In 2013, the company officially changed its name to "Wanhua chemical group Limited by Share Ltd" in order to realize the pformation of China Wanhua to Wanhua world and Wanhua polyurethane to Wanhua chemical pformation.

Nowadays, Wanhua chemical research and development base in Yantai, Ningbo, Beijing, Shanghai and Zhuhai has been gradually formed. In the United States, Japan, India and other countries and regions, there are Incorporated Company and offices.

Reporters learned that, at the end of 2017, Wanhua chemical has 9165 employees and a per capita salary of 264 thousand and 300 yuan.

Wanhua chemical business involves polyurethane, such as isocyanate, TDI, polyether polyols, acrylic acid and its ester, propylene oxide and other petrochemical fields; water-based PUD, PA emulsion, TPU, ADI surface materials and other special chemicals and materials industry.

In February 2018, Wanhua chemical holding shareholder Wanhua Industrial Company was divided into Wanhua Industrial (surviving enterprise) and Wanhua chemical industry (new enterprises) in a discrete way. Among them, the low chemical related businesses such as coal mining and real estate development were carried out by Wanhua Industrial Company, while the new enterprise Wanhua chemical undertaking chemical business. After the implementation of this mode, Wanhua chemical industry held a 47.92% share of Wanhua chemical company, but the actual controller of the company is still the Yantai SASAC.

The first textile network reporter learned from the financial reports that in 2011 -2017, Wanhua chemical business achieved 13 billion 662 million, 15 billion 942 million, 20 billion 238 million, 22 billion 89 million, 19 billion 492 million, 30 billion 99 million and 53 billion 123 million respectively. The compound growth rate reached 25.40%, and the compound growth rate of net profit was 33.08%.

Among them, in 2017, as a result of the high prosperity of the MDI market, the company's performance rose sharply, revenue grew 76.49% compared with 2016, and net profit rose 192.63% compared to the same period last year.

In the first three quarters of 2018, Wanhua chemical realized business income of 45 billion 920 million yuan, an increase of 17.9% over the same period last year, and net profit of 9 billion 20 million yuan, an increase of 15.5% over the same period last year.

By the end of this evening's press release, Wanhua chemical reported 38.13 yuan / share, or 4.55%, with a market value of 119 billion 700 million yuan.