Hytera Communications Corporation Limited's (SZSE:002583) Last Week's 5.0% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake
Hytera Communications Corporation Limited's (SZSE:002583) Last Week's 5.0% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake
Key Insights
关键见解
- Significant control over Hytera Communications by individual investors implies that the general public has more power to influence management and governance-related decisions
- 51% of the business is held by the top 4 shareholders
- Insiders own 41% of Hytera Communications
- 个人投资者对海能达通信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
- 51% 的业务由前四名股东持有
- 业内人士拥有海能达通信41%的股份
To get a sense of who is truly in control of Hytera Communications Corporation Limited (SZSE:002583), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 43% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
要了解谁真正控制了海能达通信有限公司(深圳证券交易所:002583),了解业务的所有权结构非常重要。持有公司股份最多的集团是个人投资者,准确地说约为43%。也就是说,如果股票上涨,该集团将受益最大(如果出现低迷,则损失最大)。
While insiders, who own 41% shares weren't spared from last week's CN¥472m market cap drop, individual investors as a group suffered the maximum losses
尽管拥有41%股票的内部人士未能幸免于上周4.72亿元人民币的市值下跌,但个人投资者作为一个整体遭受的损失最大
Let's delve deeper into each type of owner of Hytera Communications, beginning with the chart below.
让我们从下图开始,深入研究海能达通信的每种类型的所有者。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240306/0-f55edd524012c40a1ae48618d5c6da17-0-ef9252e37cd70872807d1dc2a3136e7e.png/big)
What Does The Institutional Ownership Tell Us About Hytera Communications?
关于海能达通信,机构所有权告诉我们什么?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
机构投资者通常将自己的回报与常见指数的回报进行比较。因此,他们通常会考虑收购相关基准指数中包含的大型公司。
We can see that Hytera Communications 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 Hytera Communications' historic earnings and revenue below, but keep in mind there's always more to the story.
我们可以看到,海能达通信确实有机构投资者;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,最好谨慎地依赖机构投资者所谓的验证。他们有时也会弄错。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。你可以在下面看到海能达通信的历史收益和收入,但请记住,故事总是有更多内容。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240306/0-f55edd524012c40a1ae48618d5c6da17-1-6e7230917cc7ddb5a594d58506dc4b7f.png/big)
Hedge funds don't have many shares in Hytera Communications. From our data, we infer that the largest shareholder is Qingzhou Chen (who also holds the title of Top Key Executive) with 40% of shares outstanding. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. With 5.0% and 3.2% of the shares outstanding respectively, Shenzhen Investment Holding Capital Co., Ltd. and GF Fund Management Co., Ltd. are the second and third largest shareholders.
对冲基金在海能达通信的股份不多。根据我们的数据,我们推断出最大股东是陈庆洲(他还拥有最高关键高管的头衔),已发行股份的40%。当内部人士拥有公司大量股份时,这通常被认为是一个好兆头,在这种情况下,我们很高兴看到公司内部人士扮演关键利益相关者的角色。深圳投资控股资本有限公司和广发基金管理有限公司分别占已发行股份的5.0%和3.2%,是第二和第三大股东。
On looking further, we found that 51% of the shares are owned by the top 4 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
进一步观察,我们发现前四名股东持有51%的股份。换句话说,这些股东在公司的决策中拥有有意义的发言权。
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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
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。有不少分析师报道了该股,因此你可以很容易地研究预测的增长。
Insider Ownership Of Hytera Communications
海能达通信的内部所有权
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。
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.
当内部所有权表明领导层像公司的真正所有者一样思考时,内部所有权是积极的。但是,高度的内部所有权也可以赋予公司内部的一小部分人巨大的权力。在某些情况下,这可能是负面的。
Our information suggests that insiders maintain a significant holding in Hytera Communications Corporation Limited. It is very interesting to see that insiders have a meaningful CN¥3.7b stake in this CN¥8.9b business. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.
我们的信息表明,内部人士持有海能达通信有限公司的大量股份。有趣的是,内部人士在这项89亿元的业务中拥有37亿元人民币的大量股份。大多数人会说,这表明了与股东的良好一致性,尤其是在如此规模的公司中。你可以点击这里查看这些内部人士是否在买入或卖出。
General Public Ownership
一般公有制
The general public, who are usually individual investors, hold a 43% stake in Hytera Communications. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
公众通常是个人投资者,持有海能达通信43%的股份。尽管这个群体不一定能做主,但它肯定会对公司的运作方式产生真正的影响。
Next Steps:
后续步骤:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
虽然值得考虑拥有公司的不同群体,但还有其他更为重要的因素。
I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.
我一直喜欢查看收入增长的历史。您也可以,通过访问此详细图表中的这张免费的历史收入和收益图表。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析师对未来增长的预测,千万不要错过这份关于分析师预测的免费报告。
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。