Guangdong Decro Film New Materials Co., Ltd.'s (SZSE:001378) Market Cap Dropped CN¥383m Last Week; Individual Investors Bore the Brunt
Guangdong Decro Film New Materials Co., Ltd.'s (SZSE:001378) Market Cap Dropped CN¥383m Last Week; Individual Investors Bore the Brunt
Key Insights
主要见解
- Significant control over Guangdong Decro Film New Materials by individual investors implies that the general public has more power to influence management and governance-related decisions
- The top 9 shareholders own 50% of the company
- 11% of Guangdong Decro Film New Materials is held by insiders
- 个人投资者在对广东德昌新材料的重要控制上意味着公众有更多的权力来影响管理和治理决策。
- 前9大股东持有该公司50%的股份。
- 广东德昌新材料的11%由内部人士持有。
To get a sense of who is truly in control of Guangdong Decro Film New Materials Co., Ltd. (SZSE:001378), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are individual investors with 50% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
为了了解广东德昌新材料有多少控制权,了解企业的所有权结构非常重要。 持有50%所有权的是个人投资者,这意味着该集团面临着最大的上限潜力(或下行风险) 。
As market cap fell to CN¥3.2b last week, individual investors would have faced the highest losses than any other shareholder groups of the company.
由于市值上周下降至32亿元人民币,个人投资者将面临公司中任何其他股东群体中的最高损失。
In the chart below, we zoom in on the different ownership groups of Guangdong Decro Film New Materials.
在下面的图表中,我们会关注广东德昌新材料的不同所有权群体。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240607/0-36ec66766ed0ab3fd0b918af50fb6433-0-b2d3907a1bd07b7d978e28f68544c919.png/big)
What Does The Lack Of Institutional Ownership Tell Us About Guangdong Decro Film New Materials?
机构缺乏在广东德昌新材料的股权,我们该怎么看?
Small companies that are not very actively traded often lack institutional investors, but it's less common to see large companies without them.
通常,不活跃的小公司缺少机构投资者,但大公司缺少机构投资者则不太常见。
There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. Alternatively, there might be something about the company that has kept institutional investors away. Guangdong Decro Film New Materials' earnings and revenue track record (below) may not be compelling to institutional investors -- or they simply might not have looked at the business closely.
有各种各样的原因,为什么机构不持有公司的股权。 通常,小型、新上市的公司不会吸引基金经理的太多注意,因为大型基金经理不可能在公司中建立有意义的头寸。 或者,可能有关于该公司的内容使得机构投资者远离。广东德昌新材料的盈利和营业收入记录(如下)可能对机构投资者不具有吸引力,或者他们可能根本没有仔细研究过该业务。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240607/0-36ec66766ed0ab3fd0b918af50fb6433-1-64fdd0cb17fc242212404c73d2a5d223.png/big)
We note that hedge funds don't have a meaningful investment in Guangdong Decro Film New Materials. The company's largest shareholder is Guangdong Decro Group Co., Ltd., with ownership of 38%. Weiman Luo is the second largest shareholder owning 5.3% of common stock, and Jiahui Xie holds about 2.5% of the company stock. Note that the second and third-largest shareholders are also Chief Executive Officer and Member of the Board of Directors, respectively, meaning that the company's top shareholders are insiders.
我们注意到,对广东德昌新材料没有任何有意义的投资。 公司最大的股东是广东德昌集团有限公司,持有38%的股权。 罗维曼是第二大股东,持有5.3%的普通股,谢佳慧持有公司股票的约2.5%。值得注意的是,第二大和第三大股东也是首席执行官和董事会成员,这意味着该公司的最大股东是内部人士。
We did some more digging and found that 9 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
我们进行了更多挖掘,发现前九大股东占注册资本的大约50%,这意味着除了较大的股东外,还有少数小股东,从而在一定程度上平衡了彼此的利益。
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.
普通公众持有北方铜业的23%股份。虽然这个群体不能决定公司的命运,但它肯定会对公司运营方式产生真正的影响。
Insider Ownership Of Guangdong Decro Film New Materials
广东德昌新材料的内部人士所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
虽然内部人员的具体定义可能是主观的,但几乎所有人都认为董事会成员是内部人员。公司管理层应向董事会回答问题,后者应代表股东的利益。值得注意的是,有时高层管理人员也会成为董事会成员。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部人士持股是一件好事。但是,在某些情况下,它会使其他股东更难以对董事会的决定进行问责。
Our most recent data indicates that insiders own a reasonable proportion of Guangdong Decro Film New Materials Co., Ltd.. Insiders have a CN¥366m stake in this CN¥3.2b business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
我们最近的数据表明,内部人士拥有广东德昌新材料有限公司相当比例的股权。 内部人士持有这CN¥32亿公司的CN¥36600万股份。 我们会认为这显示了与股东的一致性,但值得注意的是,该公司仍然相当小; 一些内部人士可能创立了该业务。 您可以点击此处了解这些内部人士是否一直在购买或出售。
General Public Ownership
一般大众所有权
With a 50% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Guangdong Decro Film New Materials. 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.
由于拥有50%的所有权,大众,主要由个人投资者组成,对广东德昌新材料具有一定的影响力。 虽然这种所有权大小可能不足以在他们的好处上意愿政策决策,但他们仍然可以对公司政策产生集体影响。
Private Company Ownership
私有公司的所有权
It seems that Private Companies own 38%, of the Guangdong Decro Film New Materials stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
私营企业拥有广东德昌新材料的38%。 但仅凭这一事实很难得出任何结论,因此值得了解谁拥有这些私营公司。 有时,内部人士或其他相关方通过单独的私营公司持有公共公司的股权。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Guangdong Decro Film New Materials better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Guangdong Decro Film New Materials (at least 1 which can't be ignored) , and understanding them should be part of your investment process.
思考拥有公司股份的不同群体总是值得的。 但是,要更好地了解广东德昌新材料,我们需要考虑许多其他因素。 比如,投资风险一直存在。 我们已确定广东德昌新材料存在两个警告信号(至少有一个不容忽视),了解这些信号应成为您的投资流程的一部分。
Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials.
当然,这也可能不是最好的股票交易。因此,您可能想看看我们免费的潜力股票收藏,这些股票具有有利的财务状况。
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:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
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