Institutional Shareholders May Be Less Affected by Jiangxi Ganneng Co., Ltd.'s (SZSE:000899) Pullback Last Week After a Year of 1.4% Returns
Institutional Shareholders May Be Less Affected by Jiangxi Ganneng Co., Ltd.'s (SZSE:000899) Pullback Last Week After a Year of 1.4% Returns
Key Insights
主要见解
- Given the large stake in the stock by institutions, Jiangxi Ganneng's stock price might be vulnerable to their trading decisions
- 71% of the business is held by the top 2 shareholders
- Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock
- 因为机构持有该公司的大部分股份,所以江西赣能(SZSE:000899)的股票价格可能会受到他们交易决策的影响。
- 公司的71%由前2个股东持有。
- 所有权研究结合过去的表现数据可以帮助更好地理解股票的机会。
A look at the shareholders of Jiangxi Ganneng Co., Ltd. (SZSE:000899) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 40% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
观察江西赣能股份有限公司(SZSE:000899)的股东可以了解到哪些人最有权力。而持有最大份额的群体是机构股东,拥有40%的所有权。换句话说,这个群体从对公司的投资中可以获得最多(或失去最多)的利益。
Institutional investors endured the highest losses after the company's market cap fell by CN¥615m last week. However, the 1.4% one-year returns may have helped alleviate their overall losses. But they would probably be wary of future losses.
机构投资者承受了公司市值上周下跌61500万元后的最大损失。不过,1.4%的一年回报率可能有助于缓解他们的总损失。但他们可能会担心未来的损失。
Let's delve deeper into each type of owner of Jiangxi Ganneng, beginning with the chart below.
让我们深入探讨一下江西赣能的不同所有者类型,首先看下面的图表。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-2330230c93aeb90c8f7686a95bb2a1fe-0-2e3ea792ead1fc6271b8654814885601.png/big)
What Does The Institutional Ownership Tell Us About Jiangxi Ganneng?
机构持股信息告诉我们什么?
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.
许多机构衡量其业绩的标准是一个近似于当地市场的指数。因此,他们通常更加关注包括在主要指数中的公司。
As you can see, institutional investors have a fair amount of stake in Jiangxi Ganneng. 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 Jiangxi Ganneng's historic earnings and revenue below, but keep in mind there's always more to the story.
你可以看到,机构投资者在江西赣能公司中持有相当数量的持股。这表明该公司在投资社区中具有一定的信誉度。然而,还是需要谨慎,过分依赖机构投资者所谓的认可是不明智的。他们有时也会犯错。当多个机构持有股票时,总会存在“拥挤交易”的风险。当这样的交易失败时,多方可能会竞相快速卖出股票。在一个没有增长历史的公司中,这种风险更高。你可以在下面看到江西赣能的历史盈利和营业收入,但要记住,故事总是更加复杂的。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-2330230c93aeb90c8f7686a95bb2a1fe-1-4bd0073697e0360cee55c9668ebae61a.png/big)
We note that hedge funds don't have a meaningful investment in Jiangxi Ganneng. Looking at our data, we can see that the largest shareholder is Jiangxi Provincial Investment Group Co.,Ltd. with 38% of shares outstanding. With 33% and 0.5% of the shares outstanding respectively, State Development & Investment Corp., Ltd. and Zhuhai Abama Asset Management Co., Ltd. are the second and third largest shareholders.
我们注意到对江西赣能并没有有意义的对冲基金的投资。通过观察我们的数据,可以看到持股最多的是江西省投资集团股份有限公司,持有38%的流通股。持股第二和第三多的是国家开发投资集团股份有限公司和珠海阿巴马资产管理有限公司,分别持有33%和0.5%的流通股。
After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
经过进一步挖掘,我们发现前两个股东共同控制了公司50%以上的股份,说明他们有相当大的影响力来影响公司的决策。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.
尽管我们需要研究一个公司的机构所有权数据是有道理的,但也需要研究分析师的情绪来了解市场趋势。我们目前没有发现任何关于该股票的分析师报道,所以该公司可能不受广泛持有。
Insider Ownership Of Jiangxi Ganneng
江西赣能的内部股东
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.
在不同国家,内部人员的定义可能会略有不同,但董事会成员始终是内部人员。管理层最终向董事会负责。然而,如果管理人员是创始人或CEO,那么成为执行董事会成员也是很常见的。
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。
We note our data does not show any board members 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.
通常是个人投资者的普通公众在江西国科防务集团有限公司中持有31%的股份。虽然这个团体不一定能够控制公司,但它肯定可以对公司的运营产生实际影响。
General Public Ownership
一般大众所有权
The general public-- including retail investors -- own 26% stake in the company, and hence can't easily be ignored. 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.
普通公众,包括散户投资者,拥有公司的26%股份,因此不容忽视。虽然这样的所有权规模可能不足以在他们的利益中影响一项政策决策,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
We can see that Private Companies own 33%, of the shares on issue. 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.
我们可以看到私人企业拥有所发行股份的33%。进一步了解这一点可能很值得。如果相关方,如内部人员,对其中一个私人企业拥有利益,那么这应该在年度报告中披露。私人企业也可能对公司有战略利益。
Next Steps:
下一步:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Jiangxi Ganneng (at least 1 which is significant) , and understanding them should be part of your investment process.
我觉得看一家公司到底是由谁拥有非常有趣。但是要真正获得深刻的洞察力,我们还需要考虑其他信息。 要考虑投资风险这一常驻的威胁。我们已经发现江西赣能存在4个警示信号(至少一个具有重要的意义),如果理解它们应该是你的投资过程的一部分。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然,您可能会在其他地方找到一项出色的投资。因此,请查看此免费的有趣公司列表。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。