Private Companies Are China Nuclear Engineering Corporation Limited's (SHSE:601611) Biggest Owners and Were Hit After Market Cap Dropped CN¥1.3b
Private Companies Are China Nuclear Engineering Corporation Limited's (SHSE:601611) Biggest Owners and Were Hit After Market Cap Dropped CN¥1.3b
Key Insights
关键见解
- Significant control over China Nuclear Engineering by private companies implies that the general public has more power to influence management and governance-related decisions
- 57% of the company is held by a single shareholder (China National Nuclear Corporation)
- Using data from company's past performance alongside ownership research, one can better assess the future performance of a company
- 私营公司对中国核工程的严格控制意味着公众拥有更大的影响管理和治理相关决策的权力
- 该公司 57% 的股份由单一股东(中国核工业集团公司)持有
- 使用公司过去业绩的数据以及所有权研究,可以更好地评估公司的未来表现
Every investor in China Nuclear Engineering Corporation Limited (SHSE:601611) should be aware of the most powerful shareholder groups. We can see that private companies own the lion's share in the company with 57% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
中国核工程股份有限公司(SHSE: 601611)的每位投资者都应该知道最强大的股东群体。我们可以看到,私营公司拥有该公司的大部分股份,所有权为57%。换句话说,该集团面临最大的上行潜力(或下行风险)。
And last week, private companies endured the biggest losses as the stock fell by 6.2%.
上周,私营公司遭受了最大的损失,股价下跌了6.2%。
Let's take a closer look to see what the different types of shareholders can tell us about China Nuclear Engineering.
让我们仔细看看不同类型的股东能告诉我们关于中国核工程的哪些信息。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240205/0-ed3c30ae5978f414a8b82843152108ee-0-32e942e55b3f0a0b62f16e6e63ad3fda.png/big)
What Does The Institutional Ownership Tell Us About China Nuclear Engineering?
关于中国核工程,机构所有权告诉我们什么?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
机构在向自己的投资者报告时通常会根据基准来衡量自己,因此,一旦股票被纳入主要指数,他们通常会对股票更加热情。我们预计大多数公司都会有一些机构在册,尤其是在它们正在成长的情况下。
We can see that China Nuclear Engineering does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see China Nuclear Engineering's historic earnings and revenue below, but keep in mind there's always more to the story.
我们可以看到,中国核工程确实有机构投资者;他们持有该公司很大一部分股票。这可能表明该公司在投资界具有一定程度的信誉。但是,最好谨慎行事,不要依赖机构投资者所谓的验证。他们也是,有时候会弄错。当多家机构拥有一只股票时,总是存在处于 “拥挤交易” 的风险。当这样的交易出错时,多方可能会竞相快速出售股票。对于没有增长历史的公司,这种风险更高。你可以在下面看到中国核工程的历史收益和收入,但请记住,故事总是有更多内容。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240205/0-ed3c30ae5978f414a8b82843152108ee-1-dcf3e8c8734aa0d26a93c37e02fbb8a8.png/big)
We note that hedge funds don't have a meaningful investment in China Nuclear Engineering. Our data shows that China National Nuclear Corporation is the largest shareholder with 57% of shares outstanding. This implies that they have majority interest control of the future of the company. China Cinda Asset Management Co., Ltd. is the second largest shareholder owning 10% of common stock, and Huihua Fund Management Co., Ltd. holds about 3.9% of the company stock.
我们注意到,对冲基金没有对中国核工程进行有意义的投资。我们的数据显示,中国核工业集团公司是最大股东,已发行股份的57%。这意味着他们对公司的未来拥有多数权益控制权。中国信达资产管理有限公司是第二大股东,拥有10%的普通股,惠华基金管理有限公司持有公司约3.9%的股份。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
虽然研究公司的机构所有权可以为您的研究增加价值,但研究分析师的建议以更深入地了解股票的预期表现也是一种好做法。尽管有一些分析师的报道,但该公司的报道可能并不广泛。因此,在未来它可能会引起更多关注。
Insider Ownership Of China Nuclear Engineering
中国核工程的内部所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
尽管内部人士的确切定义可能是主观的,但几乎每个人都认为董事会成员是内部人士。管理层最终对董事会负责。但是,经理成为执行委员会成员的情况并不少见,尤其是当他们是创始人或首席执行官时。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多数人认为内部所有权是积极的,因为这可能表明董事会与其他股东关系良好。但是,在某些情况下,过多的权力集中在该群体中。
Our most recent data indicates that insiders own less than 1% of China Nuclear Engineering Corporation Limited. 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¥9.9m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
我们最新的数据显示,内部人士拥有中国核工程股份有限公司不到1%的股份。但是,他们可能会通过我们尚未采用的公司结构获得间接利益。这是一家大公司,因此即使是很小的比例权益也可以在董事会和股东之间建立一致。在本案中,内部人士拥有价值990万元人民币的股票。可以说,最近的买入和卖出同样值得考虑。你可以点击这里查看内部人士是否在买入或卖出。
General Public Ownership
一般公有制
With a 25% ownership, the general public, mostly comprising of individual investors, have some degree of sway over China Nuclear Engineering. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
中国核工程拥有25%的所有权,主要由个人投资者组成的公众对中国核工程有一定程度的影响力。这种所有权规模虽然可观,但如果决策与其他大股东不同步,可能不足以改变公司政策。
Private Company Ownership
私人公司所有权
It seems that Private Companies own 57%, of the China Nuclear Engineering stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
看来私营公司拥有中国核工程公司57%的股份。可能值得对此进行更深入的研究。如果关联方,例如内部人士,对其中一家私营公司有兴趣,则应在年度报告中予以披露。私营公司也可能在公司中拥有战略利益。
Public Company Ownership
上市公司所有权
We can see that public companies hold 10% of the China Nuclear Engineering shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
我们可以看到,上市公司持有中国核工程10%的已发行股份。这可能是战略利益,两家公司可能有相关的商业利益。可能是它们已经分解了。这种持股可能值得进一步调查。
Next Steps:
后续步骤:
It's always worth thinking about the different groups who own shares in a company. But to understand China Nuclear Engineering better, we need to consider many other factors. For instance, we've identified 2 warning signs for China Nuclear Engineering (1 is a bit concerning) that you should be aware of.
拥有公司股份的不同群体总是值得考虑的。但是,为了更好地了解中国核工程,我们需要考虑许多其他因素。例如,我们已经确定了中国核工程的两个警告信号(其中一个有点令人担忧),你应该注意这些信号。
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
如果你像我一样,你可能需要考虑这家公司是会成长还是会萎缩。幸运的是,您可以查看这份免费报告,其中显示了分析师对其未来的预测。
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.
注意:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。