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WM Motor’s huge loss of 8.2 billion yuan in 2021 far exceeds “Wei Xiaoli”, but the founder earns 1.2 billion yuan



News on September 26, recently, the prospectus disclosed by WM Motor has caused heated discussions.

The prospectus shows that between 2019 and 2021, the amount of losses of WM Motor will continue to increase,Among them, the loss in 2021 will reach 8.2 billion yuanin this difficult financial situation, the founder, chairman and CEOShen Hui’s total salary in 2021 will reach 1.26 billion yuanaccounting for nearly 30% of Weimar’s income in the same year.

The news even made it to the hot search for a time, and some netizens said with a smile, “What you earn is your own, and what is lost is the company’s.”

From 2019 to 2021, WM Motor’s revenue was 1.762 billion yuan, 2.671 billion yuan and 4.743 billion yuan respectively; the losses during the year reached 4.145 billion yuan, 5.084 billion yuan and 8.206 billion yuan respectively, and the accumulated losses in the past three years were 17.435 billion yuan; Adjusted net profit was a loss of 4.044 billion yuan, 4.225 billion yuan and 5.363 billion yuan respectively;

By comparison with other car manufacturers, the founder, chairman, executive director and CEO of LeapmotorZhu Jiangming’s total salary is 9.546 million yuanIdeal Motors, Founder and CEOLi Xiang’s total salary in 2021 is 1.504 million yuanChairman and CEO of Xiaopeng MotorsHe Xiaopeng’s total salary in 2021 is 1.352 million yuan.

In 2021, the administrative expenses of WM Motor will increase by 57% year-on-year to 2.7 billion yuan.Shen Hui’s total compensation for the year accounted for 72% of the total compensation of key management.

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