Yangming Shipping is offering a 13-month year-end bonus and a 3 per cent pay rise next year
According to local media reports, recently Yangming Shipping (2609) announced that since January 1, 2025, the company's employees will be compared to civil servants pay 3%, becoming Taiwan's "container three male" (refers to Yangming, Evergreen and Wanhai three major shipping companies) among the first to announce pay increases. In addition to the fixed year-end bonus of 1 month, it is reported that the company will issue a year-end bonus of up to 12 months this year, plus a fixed bonus of 1 month, a total of 13 months. In addition, it is expected that the employee dividend (compensation) that can be distributed after the shareholders' meeting in 2025 will be about 8 months. In the past four years, Yangming Shipping employees have accumulated more than 100 months of bonuses, the total number is amazing.
Yangming Shipping consolidated revenue in the third quarter of 2024 was 72.838 billion yuan (NT $, the same below), and net profit after tax was 28.367 billion yuan, an increase of 9.11 times year-on-year, hitting a two-year single-quarter high. In the first three quarters, the cumulative consolidated revenue was 169.229 billion yuan, the net profit after tax was 51.634 billion yuan, an increase of 7.5 times year-on-year, and the earnings per share (EPS) reached 14.79 yuan.
Based on the outstanding performance, Yangming Shipping employees not only usher in salary adjustment, but also may get a high year-end bonus. Legal person estimates that in 2024, Yangming's annual EPS is about 18 to 20 yuan, and year-end bonuses and bonuses are expected to reach 21 months.
Adjustment of the year-end bonus ceiling staff bonus is the highest in Taiwan
In 2021, Yangming Shipping employees expressed dissatisfaction with the year-end bonus of up to 45 months issued by peer Evergreen Shipping. In the end, Yang Ming adjusted the cap on year-end bonuses from eight months to 12 months. Together with the fixed bonus of 1 month each year, the year-end bonus of employees actually reaches 13 months. In addition, Yangming employees dividend distribution ratio of 1% of pre-tax earnings, much higher than Evergreen 0.5% and Wanhai 0.6%.
According to Yangming's data in previous years, in 2021 and 2022, employees received a total of more than 45 months of dividends, and year-end bonuses totaled 26 months. This year, Yang Ming's year-end bonus level is expected to return to its peak again, and is expected to total more than 100 months 'salary.
Container three male performance eye-catching year-end bonus attention
By the Red Sea crisis to promote the tight market supply and demand, freight high and other positive impact, the island's "container three male" performance has increased significantly this year. Evergreen Shipping's pre-tax surplus in the first three quarters reached 112.082 billion yuan, Wanhai Shipping's net profit in the same period was 34.634 billion yuan, and Yangming Shipping's was 51.834 billion yuan. These excellent financial performance not only made the three companies' share prices rise sharply, but also made the employee dividend attention.
According to the analysis of legal person, Yangming Shipping employees can get at least 300,000 yuan in 2024, calculated with a monthly salary of 60,000 yuan, and the year-end bonus is about 5 months. Over the same period, Evergreen and Wanhai employees received an average annual bonus of 3.1 months and 3.3 months respectively.
In the future, with the continuous recovery of the global logistics market and the implementation of Yangming's internal incentive policies, the company is expected to continue to move steadily forward and create greater value for employees and shareholders.
Yangming Shipping consolidated revenue in the third quarter of 2024 was 72.838 billion yuan (NT $, the same below), and net profit after tax was 28.367 billion yuan, an increase of 9.11 times year-on-year, hitting a two-year single-quarter high. In the first three quarters, the cumulative consolidated revenue was 169.229 billion yuan, the net profit after tax was 51.634 billion yuan, an increase of 7.5 times year-on-year, and the earnings per share (EPS) reached 14.79 yuan.
Based on the outstanding performance, Yangming Shipping employees not only usher in salary adjustment, but also may get a high year-end bonus. Legal person estimates that in 2024, Yangming's annual EPS is about 18 to 20 yuan, and year-end bonuses and bonuses are expected to reach 21 months.
Adjustment of the year-end bonus ceiling staff bonus is the highest in Taiwan
In 2021, Yangming Shipping employees expressed dissatisfaction with the year-end bonus of up to 45 months issued by peer Evergreen Shipping. In the end, Yang Ming adjusted the cap on year-end bonuses from eight months to 12 months. Together with the fixed bonus of 1 month each year, the year-end bonus of employees actually reaches 13 months. In addition, Yangming employees dividend distribution ratio of 1% of pre-tax earnings, much higher than Evergreen 0.5% and Wanhai 0.6%.
According to Yangming's data in previous years, in 2021 and 2022, employees received a total of more than 45 months of dividends, and year-end bonuses totaled 26 months. This year, Yang Ming's year-end bonus level is expected to return to its peak again, and is expected to total more than 100 months 'salary.
Container three male performance eye-catching year-end bonus attention
By the Red Sea crisis to promote the tight market supply and demand, freight high and other positive impact, the island's "container three male" performance has increased significantly this year. Evergreen Shipping's pre-tax surplus in the first three quarters reached 112.082 billion yuan, Wanhai Shipping's net profit in the same period was 34.634 billion yuan, and Yangming Shipping's was 51.834 billion yuan. These excellent financial performance not only made the three companies' share prices rise sharply, but also made the employee dividend attention.
According to the analysis of legal person, Yangming Shipping employees can get at least 300,000 yuan in 2024, calculated with a monthly salary of 60,000 yuan, and the year-end bonus is about 5 months. Over the same period, Evergreen and Wanhai employees received an average annual bonus of 3.1 months and 3.3 months respectively.
In the future, with the continuous recovery of the global logistics market and the implementation of Yangming's internal incentive policies, the company is expected to continue to move steadily forward and create greater value for employees and shareholders.
