# Express wages: bottom line: SHF executives pay the most.

2018-05-08 00:16:17
category:Internet

According to the data of the State Post Office, the volume of business of the national express delivery service enterprises has totaled 40 billion 60 million, an increase of 28% over the previous year, ranking four in the world for the first time in a row. From the 2017 financial reports issued by A shares, such as Shun Feng, Shen Tong, rhyme and Yutong, the earnings and net profit of the company are still on the rise, and the average 30 times the price earnings ratio of the four A listed companies also reflects the confidence of the capital market. At the beginning of this year, Ma Junsheng, the State Post director, revealed that the total annual growth rate of postal services in the past five years reached 37%, the proportion of business income to GDP increased from 0.36% to 0.82%, and the express service industry revenue was 495 billion yuan, up 24.5% from the same period. Who made money in nearly 500 billion big plates? We can see clues from the statements of four A share listed companies. enior executive Shin Fengs annual salary exceeds Shentongs overall management level From the earnings of executives, Shen Tong is the most shabby. Chairman Chen Dejun and managements total salaries were 960 thousand and 8 million 30 thousand respectively, and Chen was the only one with a shrinking annual salary this year. This may be relative to its relatively mediocre performance. Of the six listed companies, 12 billion 657 million of their revenues and 2 billion 98 million of their cash flows were ranked at the bottom second and 17.93%, respectively. Nie Tengyun, the chairman of rhyme, is the largest of his own. Its companys total revenue is at the bottom of the six listed companies, but its annual salary is 3 million 360 thousand yuan, equivalent to the income of its 36 rhyme employees. On the other hand, rhyme, by virtue of the high efficiency of transshipment, the reduced cost of single piece transport, and the considerable growth of business, was ranked first in the net profit margin of 15.9%, and it may be based on this reason that Nie Tengyun gave himself a little more reward. Wang Wei, the chairman of the chairman of the company, which ranked first in revenue and net profit, is not high in salary. 1 million 120 thousand is more than Shentong Chen, but 12 of its 22 people have more salary than Wang. Among them, the deputy general manager Luo Shilis annual salary reached 9 million 200 thousand, 3.2 times higher than last year, and his annual salary has exceeded the top 13 of Shen Tong. Luo Shili, the deputy general manager and Chief Information Executive of Ping An Group, was called the great Stewardship in IT and data. A person close to Shun Feng told Nandu reporter that the data war broke out between Cun Feng and rookie at the end of 2016. Transformation, which is essential for information operation, and Luo Shili may be one of the key figures in the transformation of SF. Of course, this salary is also very small for Wang Wei, and dividends are the big ones. Last year, the net profit growth rate of four A share express companies declined, but the whole group was still upward, so they all paid about 20% net profit dividends. Wang Wei, the highest net profit, reached 594 million, which was more than the total of the other three express companies. aff Shentong employees nearly doubled their wages, but their wages fell In this regard, Shun Feng is still the most generous, the average wage of employees 9259 yuan / month, Shen Tong is still the most sophisticated, only 5203 yuan / month. It is worth noting that Shen Tong has greatly increased the number of employees this year, and the number of employees has increased to 73%. However, the salary of its employees has dropped by 700 yuan / month, which is only 5203 yuan / month. At the same time, rhyme is the only small layoffs, but it raises the maximum salary for employees, the average increase of 1000 yuan, the average income of employees reached 7299 yuan / month. Attention should also be paid to the companys gap between the rich and the poor. The horizontal contrast rhyme and Shen Tong, only their separate sales staff and the salary of the sales expenses, the two are divided, the sales staff income of 11 thousand and 8501 yuan respectively, thus it can be seen that the employee salary gap is more obvious. Of course, for the senior staff in the enterprise, wages are only a small part of income, and more equity incentive. According to Nandu reporter, the millet, which was submitted for the prospectus last week, was also about 30 thousand of the monthly salary of some directors, but it was inspired by tens of thousands of options. Once millet was listed on a valuation of $100 billion, the staff could reach tens of millions. Similarly, in the four A share express listed companies, in addition to Shentong, this year they give equity incentives to employees. Rhyme covers the highest proportion of employees, with an average of 63 employees having a subscription qualification, with an average of 27.17 yuan per share for 5941 shares and 106 thousand yuan per person at yesterdays closing price. The same algorithm, round 177 to subscribe to 9.45 yuan / share a total of 4 million 240 thousand shares, if the closing price of yesterday, each can get 139 thousand, which is only half a year after the completion of the subscription. It is worth noting that Shun Feng, because its business is dominated by itself, the total number of employees is about 10 times that of the other three, and the number of equity incentive is 777, which is about 5 times as much as the other two. According to yesterdays closing price, each subscribed employee only got 58 thousand and 900. Shen Tong and rhyme express a hundred more than one day Because most of the couriers are recruited by affiliate outlets, the companys earnings report is not clearly reflected, so it is difficult to measure the income of the couriers. Since its launch in 2015, the pay structure of its cost structure has been declining year by year. But the outsourcing cost is increasing, and its financial statement indicates that the company has 213 thousand express workers, including 52 thousand and 800 self operated express workers, 400 labor dispatch and 159 thousand and 900 other employees, among which, the other employees are the employees who respond to the mass innovation. In addition, the number of couriers released by rhyme and Shentong is about 50%, about 111 thousand and 700 and 107 thousand respectively. The average cost of Shentong has a number of parts, such as the delivery cost and the surface cost. The cost of the service is 6 billion, and the average cost is 1.6 yuan. After this part is shared, the average income of each express is about 4952 yuan. As for the round, its financial report did not reveal the number of specific express, but the official network shows that it has 400 thousand employees, if this calculation, the personnel obviously excess. According to the regular practice in the industry, the income of the express staff is usually made up of base salary plus part fee + income, and the base salary is different from the annual capital and the net point, which usually varies from a few hundred yuan to more than a thousand yuan. Rhymes earnings report did not disclose the cost of the courier. But oddly enough, the transport cost of SF 70 billion is only two times that of rhyme. By contrast, rhyme revenue is less than 10 billion, and transportation costs are as high as 4 billion 400 million. Nandu journalists have learned that rhymes flagship costs are low and even the lowest among all listed express companies. For this reason, the industry has questioned that the transportation cost of rhyme may cover the income of the courier. Nandu reporter previously found that most of the couriers income is between 4000 yuan and 6000 yuan, but some express workers are relatively better because of the better area. Shun Fengs cost of dispatch is relatively high, in 2 yuan / more, in the middle of 2017, the Tongda department and daily express and other 6 express delivery enterprises to send high express dispatched a fee, from the previous 1.5 yuan / single to 1.65 yuan / single. However, as these enterprises adopt the franchise system, the delivery cost of the courier will be lower than this number, usually at 1 yuan. As for couriers, there will also be a commission of 20% to 30% freight. From the number of express delivery, rhyme and STO staff work intensity is not small, the average number of each network express staff is 4.4 and 5.7, express personnel need to receive and receive 115 and 106 express, compared with the comfort of the staff, the average courier only need to receive and receive 36 pieces of express one day. Express basic disk: Shun Feng is still hard to shake the growth rate and cash flow Revenue: SF exceeds three links one Da combined Last year, the major private express listed companies, with 71 billion 94 million yuan in revenue, once again became the one brother, and its total revenue was more than 55 billion 685 million yuan (three Tong, Shen Tong, Yutong and rhyme), and the difference of 15 billion 409 million yuan was even greater than the difference of 13 billion 645 million yuan in 2016. With 13 billion 60 million yuan of revenue, China Unicom has exceeded the 12 billion 657 million yuan of Shen Tong, which has achieved super profits in revenue. In 2016, Shen Tong still had a slight lead of 100 million yuan. In terms of revenue growth, due to the slowdown in the volume of express business in 2017, SF and the three links and one revenue growth have also slowed down. Among them, the growth rate of the 18.81% yuan is far behind its competitors, and its net profit of 5.1% is the lowest. It is worth noting that the late listing time, the largest shareholder for Alis Baishi express, last year on the revenue scale has increased greatly, reached 19 billion 990 million yuan, up to 126%, the revenue is also more than the three of these several Alis old partner. But last year, the loss of Baishi express did not escape the loss last year, but the loss of 920 million yuan has narrowed than before. On the contrary, China Unicom and rhyme show better performance in terms of profit growth, reaching 54% and 35%. respectively. Cash flow: a reduction in only round connections The cash flow of the companys cash flow (the net cash flow generated by operating activities), the 6 billion 108 million yuan of Shun Feng was also far ahead of other express companies. The cash flow of yuan 1 billion 556 million yuan decreased by more than 300 million yuan compared with last year. It was the only cash flow in Shun Feng and the three link. Business volume: the highest pass, the SF ticket is the first income. As for the volume of market business, the three pass and the hundred world still lead the market, of which 6 billion 220 million tickets have become the first in the industry. The gap with the original business volume one brother is also bigger, the market share has reached 15.5%. and the volume of Shun Fengs business is 3 billion 52 million, still lagging behind three. And hundred years, but its 23.14 yuan ticket revenue is still rolling several other express companies several times. Internationalization: the most active of Shun Feng However, at present, the diversified distribution of new retail and internationalization, such as the new retail and internationalization of the express companies, still has little effect. For example, the proportion of the logistics revenue of Shun Feng is still as high as 99.32%, and the international business income is only 2.87%., but this also does not hinder the rapid and continuous transformation of express enterprises. The distribution of new services, such as international and City matching, accelerated the transformation of express logistics integrated service providers. In addition, SF also smashed huge capital to buy airplanes and airports last year to strengthen the Skynet layout. After the acquisition of first international, Yutong also accelerated the exploration of the sea. This year round even in Hangzhou Xiaoshan Airport Logistics Park air headquarters base base took a piece of land, planned for the construction period of the aviation headquarters and transfer center. Source: Southern Metropolis Daily editor: Bai Xin _NT4464