Shenzhen International Holdings Limited's (HKG:152) Market Cap Dropped HK$530m Last Week; Private Companies Bore the Brunt
Shenzhen International Holdings Limited's (HKG:152) Market Cap Dropped HK$530m Last Week; Private Companies Bore the Brunt
Key Insights
主要见解
- Shenzhen International Holdings' significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- 51% of the business is held by the top 2 shareholders
- Insiders have bought recently
- 深圳国际控股公司拥有重要的私人公司股权，这意味着关键决策受到来自更大公众的股东的影响。
- 前2名股东持有业务的51%
- 内部人士最近购买了股票。
A look at the shareholders of Shenzhen International Holdings Limited (HKG:152) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 44% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
查看深圳国际控股有哪些股东可以告诉我们谁是最有权力的群体，持有最大股份的是拥有44%股权的私人公司，换句话说，该群体从他们对公司的投资中最可能获得最多(或失去最多)。
And following last week's 3.4% decline in share price, private companies suffered the most losses.
上周股价下跌3.4%，私人公司遭受了最多的损失。
In the chart below, we zoom in on the different ownership groups of Shenzhen International Holdings.
以下图表展示了深圳国际控股不同股权组别的情况。
What Does The Institutional Ownership Tell Us About Shenzhen International Holdings?
机构投资者持股情况告诉我们有关深圳国际控股的哪些信息？
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 Shenzhen International Holdings does have institutional investors; and they hold a good portion of the company's stock. 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. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Shenzhen International Holdings, (below). Of course, keep in mind that there are other factors to consider, too.
我们可以看到，深圳国际控股确实拥有机构投资者，他们持有公司股票的一部分，这意味着那些机构的分析师已经看过这个股票，他们很喜欢它。但就像其他任何人一样，他们也可能犯错。如果两个大型机构投资者尝试同时抛售股票，股价下跌是很常见的。因此，值得检查深圳国际控股的过去盈利轨迹(以下)。当然，也要记住其他因素。
Shenzhen International Holdings is not owned by hedge funds. The company's largest shareholder is Shenzhen Investment Management Corporation, with ownership of 44%. For context, the second largest shareholder holds about 7.1% of the shares outstanding, followed by an ownership of 2.4% by the third-largest shareholder.
深圳国际控股没有被对冲基金所拥有。公司最大的股东是深圳投资管理公司，持有44%的股权。其次，第二大股东持有约7.1%的流通股份，第三大股东持有2.4%的股份。
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. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
虽然仔细研究公司的机构持股数据是有意义的，但研究分析师对该股票的看法也是有意义的。有相当数量的分析师在跟踪该股票，因此了解他们对于未来发展的总体看法可能会有所帮助。
Insider Ownership Of Shenzhen International Holdings
深圳国际控股的内部股权情况
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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.
公司内部人员的定义可能是主观的，并在不同的司法管辖区之间有所不同。我们的数据反映了个人内部人员，至少包括董事会成员。管理层最终向董事会负责。然而，经理们成为执行董事会成员并不罕见，尤其是如果他们是创始人或首席执行官。
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.
当内部人持股情况表明领导层思考和公司真正所有者一样时，内部所有权是积极的。然而，高达内部人士所有权也可能为公司内的小团体带来巨大的权力。在某些情况下，这可能是负面的。
Our information suggests that Shenzhen International Holdings Limited insiders own under 1% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own HK$16m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
我们的信息表明，深圳国际控股有限公司的内部人员拥有该公司不到1%的股份，但我们需要注意的是，内部人员可能通过私人公司或其他公司结构间接持有利益。这是一家大公司，因此即使拥有小比例的利益，也可以在董事会和股东之间形成一定的利益共识。在这种情况下，内幕人员拥有价值1600万港元的股份。当然，最近的买卖同样重要。您可以单击此处查看内幕人员是否一直在买卖。
General Public Ownership
一般大众所有权
The general public, who are usually individual investors, hold a 37% stake in Shenzhen International Holdings. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
普通公众，通常是个人投资者，在深圳国际控股公司拥有37%的股份。虽然这个群体不能一呼百应，但它的确可以对公司的经营产生真正的影响。
Private Company Ownership
私有公司的所有权
We can see that Private Companies own 44%, 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.
我们可以看到私人公司持有已发行股票的44%。这可能值得更深入地研究。如果相关的方，如内部人士，在这些私人公司之一拥有利益，那么这应该在年度报告中披露。私人公司也可能对该公司有战略利益。
Next Steps:
下一步：
It's always worth thinking about the different groups who own shares in a company. But to understand Shenzhen International Holdings 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 Shenzhen International Holdings (at least 1 which makes us a bit uncomfortable) , and understanding them should be part of your investment process.
总体而言，思考拥有一家公司股份的不同群体总是值得的。但为了更好地了解深圳国际控股，我们需要考虑很多其他因素。例如，不断存在的投资风险。我们已经确定了深圳国际控股的2个警告信号(至少有1个让我们感到有点不舒服)，了解它们应该是您投资过程的一部分。
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
如果您像我一样，可能希望考虑这家公司是否会增长或缩小。幸运的是，您可以查看此免费报告，显示分析师对其未来的预测。
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 (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
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。