Lingbao Gold Group's stock surged 8.51% in intraday trading on Friday, driven by the company's strong earnings growth and modest CEO compensation structure, which suggests a shareholder-friendly management approach.
The company has reported impressive earnings per share (EPS) growth of 27% per year over the past three years, indicating its ability to generate consistent profits and create long-term value for shareholders. While revenue declined by 26% last year, the company's EBIT margins improved from 3.1% to 6.2%, reflecting its operational efficiency.
Additionally, Lingbao Gold Group's CEO received total compensation of just CN¥1.3 million in 2023, significantly lower than the median CEO pay of CN¥2.6 million for companies with similar market capitalization. This modest remuneration culture suggests that the company prioritizes shareholder interests and promotes good governance practices.