Retail Investors Are Chongqing Fuling Electric Power Industrial Co., Ltd.'s (SHSE:600452) Biggest Owners and Were Hit After Market Cap Dropped CN¥801m
Retail Investors Are Chongqing Fuling Electric Power Industrial Co., Ltd.'s (SHSE:600452) Biggest Owners and Were Hit After Market Cap Dropped CN¥801m
Key Insights
主要见解
- The considerable ownership by retail investors in Chongqing Fuling Electric Power Industrial indicates that they collectively have a greater say in management and business strategy
- The top 5 shareholders own 50% of the company
- 14% of Chongqing Fuling Electric Power Industrial is held by Institutions
- 重庆涪陵电力股大部分由散户持有,这意味着他们集体在企业管理和业务策略上拥有更大的发言权。
- 前五大股东持有该公司50%的股权。
- 涪陵电力股14%的股份由机构持有。
To get a sense of who is truly in control of Chongqing Fuling Electric Power Industrial Co., Ltd. (SHSE:600452), it is important to understand the ownership structure of the business. We can see that retail investors own the lion's share in the company with 44% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
了解涪陵电力股(SHSE:600452)真正掌控公司的人,理解其业务的所有权结构非常重要。我们可以看到,散户持有公司的44%的股权,换句话说,该组所面临的最大上行潜力(或下行风险)。
As market cap fell to CN¥15b last week, retail investors would have faced the highest losses than any other shareholder groups of the company.
由于市值上周降至150亿元人民币,散户股东将面临公司中所有股东中的最大损失。
Let's take a closer look to see what the different types of shareholders can tell us about Chongqing Fuling Electric Power Industrial.
让我们仔细分析哪些股东类型可以告诉我们涪陵电力股。
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What Does The Institutional Ownership Tell Us About Chongqing Fuling Electric Power Industrial?
机构持股意味着什么?
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的指数回报进行比较。因此,他们通常会考虑购买包括在相关基准指数中的较大公司。
We can see that Chongqing Fuling Electric Power Industrial does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 Chongqing Fuling Electric Power Industrial's historic earnings and revenue below, but keep in mind there's always more to the story.
可以看到,涪陵电力股确实拥有机构投资者,并且他们持有公司股份的相当一部分。这表明专业投资者之间存在一定的信誉。但仅仅依靠这一事实并不可靠,因为机构有时会做出糟糕的投资决策,就像每个人都会一样。当多个机构拥有某只股票时,他们总是存在“拥挤的交易”的风险。当这样的交易出现问题时,多方可能会竞相快速出售股票。对于一个没有增长历史的公司,这种风险更大。您可以在下面看到涪陵电力股的历史收益和营业收入,但请记住,这个故事中总是还有更多。
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Hedge funds don't have many shares in Chongqing Fuling Electric Power Industrial. The company's largest shareholder is State Grid Corporation of China, with ownership of 42%. National Council for Social Security Fund is the second largest shareholder owning 4.8% of common stock, and New China Life Insurance Co., Ltd., Asset Management Arm holds about 1.6% of the company stock.
对于涪陵电力股,对冲基金持有的股份并不多。该公司最大的股东是中国国家电网公司,持有42%的股份。全国社保基金理事会是第二大股东,拥有普通股的4.8%,新华人寿保险股份有限公司资产管理部分持有该公司股份的约1.6%。
On looking further, we found that 50% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
进一步观察后,我们发现前5大股东占有该公司50%的股份。换句话说,这些股东对公司的决策具有重要的发言权。
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. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.
研究公司的机构所有权可以为您的研究增加价值,但同时调查分析师建议也是很好的做法,以更深入地了解股票的预期表现。我们目前没有发现任何关于该公司的分析师报道,因此该公司不太可能被广泛持有。
Insider Ownership Of Chongqing Fuling Electric Power Industrial
涪陵电力股内部持股情况
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.
虽然“内部人士”的明确定义具有主观性,但几乎所有人都认为董事会成员是内部人士。公司管理业务,但首席执行官即使是董事会成员,也要向董事会负责。
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,因为它可以表示董事会与其他股东的利益相一致。但是,在某些场合下,这个团体的权力过于集中。
Our data cannot confirm that board members are holding shares personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here.
我们的数据无法确认董事会成员个人持有股份。由于我们不能获悉内部持股情况,因此可能存在缺失数据。因此,评估首席执行官的报酬和任期很有趣。
General Public Ownership
一般大众所有权
With a 44% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Chongqing Fuling Electric Power Industrial. 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.
散户股东持有涪陵电力股44%的股权。虽然持有股份很大,但如果决定与其他大股东不符,则可能不足以改变公司政策。
Private Company Ownership
私有公司的所有权
It seems that Private Companies own 42%, of the Chongqing Fuling Electric Power Industrial 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.
私营公司拥有涪陵电力股的42%股份。从这一事实中很难得出什么结论,因此我们需要了解谁拥有这些私营公司的股份。有时,内部人或其他相关方通过独立的私营公司拥有公共公司的股份利益。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Chongqing Fuling Electric Power Industrial better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Chongqing Fuling Electric Power Industrial you should know about.
了解股份属于哪些群体总是值得思考。但要更好地理解涪陵电力股,我们需要考虑许多其他因素。例如:风险。每个公司都面临风险,我们已经发现涪陵电力股有1个警告信号,您应该知道。
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,这可能不是最好的购买股票。因此,查看这份免费免费的有趣公司列表可能会有所帮助。
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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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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或电邮 editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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