Private Companies in Shanghai Chemspec Corporation (SHSE:688602) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 9.7% Last Week
Private Companies in Shanghai Chemspec Corporation (SHSE:688602) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 9.7% Last Week
Key Insights
关键见解
- Shanghai Chemspec's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 3 shareholders own 55% of the company
- Institutions own 14% of Shanghai Chemspec
- Shanghai Chemspec拥有大量的私营公司所有权,这表明关键决策受广大公众股东的影响
- 前三名股东拥有公司55%的股份
- 机构拥有上海化工集团14%的股份
To get a sense of who is truly in control of Shanghai Chemspec Corporation (SHSE:688602), it is important to understand the ownership structure of the business. We can see that private companies own the lion's share in the company with 48% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
要了解谁真正控制了上海凯斯佩克公司(SHSE: 688602),了解业务的所有权结构非常重要。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48%。换句话说,该集团面临最大的上行潜力(或下行风险)。
As a result, private companies collectively scored the highest last week as the company hit CN¥4.5b market cap following a 9.7% gain in the stock.
结果,上周私营公司总得分最高,该公司的市值在股价上涨9.7%后达到45亿元人民币。
In the chart below, we zoom in on the different ownership groups of Shanghai Chemspec.
在下图中,我们放大了上海Chemspec的不同所有权组。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240510/0-27f821729b5bb3eb72e2656b0bb80712-0-8b0360b8106f5e3bcdfe9d6af73041e9.png/big)
What Does The Institutional Ownership Tell Us About Shanghai Chemspec?
关于上海 Chemspec,机构所有权告诉我们什么?
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.
许多机构根据近似于当地市场的指数来衡量自己的表现。因此,他们通常会更多地关注主要指数中包含的公司。
As you can see, institutional investors have a fair amount of stake in Shanghai Chemspec. 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. 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 Shanghai Chemspec's historic earnings and revenue below, but keep in mind there's always more to the story.
如你所见,机构投资者在上海Chemspec拥有相当数量的股份。这意味着在这些机构工作的分析师已经看过这只股票,他们很喜欢。但是就像其他人一样,他们可能错了。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。你可以在下面看到上海Chemspec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/7781/20240510/0-27f821729b5bb3eb72e2656b0bb80712-1-74e94efbea0777d5b11c3604920de023.png/big)
We note that hedge funds don't have a meaningful investment in Shanghai Chemspec. Looking at our data, we can see that the largest shareholder is Ningbo Meishan Bonded Port Area Ouchang Investment Management Co., Ltd. with 35% of shares outstanding. In comparison, the second and third largest shareholders hold about 11% and 8.8% of the stock.
我们注意到,对冲基金没有对上海Chemspec进行有意义的投资。从我们的数据来看,我们可以看到最大股东是宁波梅山保税港区欧昌投资管理有限公司,其已发行股份的35%。相比之下,第二和第三大股东持有约11%和8.8%的股份。
A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 55% stake.
对股东登记册的更详细研究表明,前三名股东通过其55%的股份拥有公司的大量所有权。
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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
研究机构所有权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目的。据我们所知,没有分析师对该公司进行报道,因此它可能处于雷达之下。
Insider Ownership Of Shanghai Chemspec
上海 Chemspec 的内部所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
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。公司管理层经营业务,但首席执行官将对董事会负责,即使他或她是董事会成员。
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.
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 data cannot confirm that board members are holding shares personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.
我们的数据无法证实董事会成员亲自持有股份。并非所有司法管辖区在披露内部所有权方面都有相同的规则,我们有可能在这里遗漏了一些东西。因此,您可以单击此处了解有关首席执行官的更多信息。
General Public Ownership
一般公有制
With a 28% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Shanghai Chemspec. 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.
拥有28%的所有权的普通大众(主要是个人投资者)对上海化学展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 Equity Ownership
私募股权所有权
Private equity firms hold a 8.8% stake in Shanghai Chemspec. This suggests they can be influential in key policy decisions. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.
私募股权公司持有上海化工8.8%的股份。这表明他们可以在关键政策决策中发挥影响力。有些人可能会喜欢这样,因为私募股权有时是追究管理层责任的激进分子。但是其他时候,私募股权在公司上市后正在售罄。
Private Company Ownership
私人公司所有权
Our data indicates that Private Companies hold 48%, of the company's shares. 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.
我们的数据表明,私人公司持有该公司48%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感兴趣,则应在年度报告中披露。私营公司也可能对公司有战略利益。
Next Steps:
后续步骤:
It's always worth thinking about the different groups who own shares in a company. But to understand Shanghai Chemspec better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Shanghai Chemspec you should know about.
拥有公司股份的不同群体总是值得考虑的。但是,为了更好地了解上海Chemspec,我们需要考虑许多其他因素。例如,考虑风险。每家公司都有它们,我们发现了两个你应该知道的上海Chemspec警告标志。
Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.
当然,这可能不是最值得买入的股票。因此,来看看这份免费的有趣公司名单吧。
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。