Retail Investors Are Zoomlion Heavy Industry Science and Technology Co., Ltd.'s (SZSE:000157) Biggest Owners and Were Hit After Market Cap Dropped CN¥3.1b
Retail Investors Are Zoomlion Heavy Industry Science and Technology Co., Ltd.'s (SZSE:000157) Biggest Owners and Were Hit After Market Cap Dropped CN¥3.1b
Key Insights
主要见解
- Significant control over Zoomlion Heavy Industry Science and Technology by retail investors implies that the general public has more power to influence management and governance-related decisions
- 50% of the business is held by the top 25 shareholders
- Institutions own 14% of Zoomlion Heavy Industry Science and Technology
- 散户投资者对中联重科的显著控制意味着公众有更大的权力影响与管理和治理相关的决策
- 50%的业务由最大的25名股东持有
- 机构持有中联重科14%的股份
Every investor in Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are retail investors with 47% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
中联重科股份有限公司(深交所股票代码:000157)的每一位投资者都应该知道最强大的股东群体。持有这块蛋糕最大份额的是持有47%股权的散户投资者。换句话说,该集团将从他们对公司的投资中获得最大(或损失最大)。
As market cap fell to CN¥47b last week, retail investors would have faced the highest losses than any other shareholder groups of the company.
随着上周市值跌至47亿元人民币,散户投资者将面临比该公司其他任何股东群体都要高的损失。
In the chart below, we zoom in on the different ownership groups of Zoomlion Heavy Industry Science and Technology.
在下面的图表中,我们放大了中联重科的不同所有权群体。
Check out our latest analysis for Zoomlion Heavy Industry Science and Technology
看看我们对中联重科的最新分析
What Does The Institutional Ownership Tell Us About Zoomlion Heavy Industry Science and Technology?
关于中联重科,机构所有制告诉了我们什么?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
许多机构以一个接近当地市场的指数来衡量它们的表现。因此,他们通常更关注那些被纳入主要指数的公司。
Zoomlion Heavy Industry Science and Technology already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Zoomlion Heavy Industry Science and Technology, (below). Of course, keep in mind that there are other factors to consider, too.
中联重科已经在股票登记处登记了机构。事实上,他们在该公司拥有可观的股份。这意味着为这些机构工作的分析师已经研究了这只股票,他们喜欢它。但就像其他人一样,他们也可能错了。如果两个大型机构投资者试图同时抛售一只股票,股价大幅下跌的情况并不少见。因此,值得查看中联重科过去的收入轨迹(见下图)。当然,请记住,还有其他因素需要考虑。
Zoomlion Heavy Industry Science and Technology is not owned by hedge funds. Our data shows that Hunan Xingxiang Investment Holding Group Co., Ltd. is the largest shareholder with 15% of shares outstanding. In comparison, the second and third largest shareholders hold about 11% and 9.9% of the stock.
中联重科并不为对冲基金所有。我们的数据显示,湖南兴翔投资控股集团有限公司是第一大股东,持有15%的流通股。相比之下,第二大股东和第三大股东分别持有约11%和9.9%的股份。
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
在研究我们的所有权数据时,我们发现,25名大股东总共拥有不到50%的股份登记,这意味着没有一个人拥有多数股权。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
研究机构持股是衡量和筛选股票预期表现的好方法。通过研究分析师的情绪,也可以达到同样的效果。有很多分析师在追踪这只股票,所以他们的预测可能也是值得的。
Insider Ownership Of Zoomlion Heavy Industry Science and Technology
中联重科的内部人所有权
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
不同国家对内部人的定义可能略有不同,但董事会成员总是算数的。公司管理层对董事会负责,董事会应代表股东的利益。值得注意的是,有时最高层管理人员本身也是董事会成员。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
内部人持股是积极的,当它标志着领导层像公司的真正所有者一样思考时。然而,高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下,这可能是负面的。
Our data suggests that insiders own under 1% of Zoomlion Heavy Industry Science and Technology Co., Ltd. in their own names. But they may have an indirect interest through a corporate structure that we haven't picked up on. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CN¥208m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我们的数据显示,内部人士以自己的名义持有中联重科股份有限公司不到1%的股份。但他们可能通过一种我们没有注意到的公司结构拥有间接利益。它是一家大公司,所以即使是很小的比例权益也可以在董事会和股东之间建立联盟。在这种情况下,内部人士持有价值2.08亿元人民币的CN股票。看到董事会成员持有股票是件好事,但可能值得检查一下这些内部人士是否一直在买入。
General Public Ownership
一般公有制
With a 47% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Zoomlion Heavy Industry Science and Technology. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
拥有47%股权的普通公众,主要由个人投资者组成,对中联重科有一定程度的影响力。尽管这种规模的所有权可能不足以影响有利于他们的政策决定,但他们仍然可以对公司政策产生集体影响。
Private Company Ownership
私营公司所有权
Our data indicates that Private Companies hold 28%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
我们的数据显示,私营公司持有该公司28%的股份。私营公司可能是关联方。有时,内部人士通过持有一家私人公司来对上市公司感兴趣,而不是以个人身份。虽然很难得出任何大致的中风结论,但值得注意的是,这是一个值得进一步研究的领域。
Next Steps:
接下来的步骤:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Zoomlion Heavy Industry Science and Technology is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored...
我发现看看到底是谁拥有一家公司是非常有趣的。但为了真正获得洞察力,我们还需要考虑其他信息。请注意,中联重科正在展示我们的投资分析中的2个警告信号其中有一条是不容忽视的。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最终未来是最重要的。您可以访问此免费分析师对该公司的预测报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。