Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd's (SHSE:600971) Market Cap Dropped CN¥732m Last Week; Private Companies Bore the Brunt
Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd's (SHSE:600971) Market Cap Dropped CN¥732m Last Week; Private Companies Bore the Brunt
Key Insights
主要见解
- Anhui Hengyuan Coal Industry and Electricity PowerLtd's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- 55% of the company is held by a single shareholder (Wanbei Coal-Electricity Group Co., Ltd.)
- Institutional ownership in Anhui Hengyuan Coal Industry and Electricity PowerLtd is 11%
- 恒源煤电的重要私人公司所有权暗示着关键决策受到更大公众股东的影响。
- 该公司55%的股份由单一股东(皖北煤电集团有限责任公司)持有。
- 恒源煤电的机构持股比例为11%。
A look at the shareholders of Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd (SHSE:600971) can tell us which group is most powerful. We can see that private companies own the lion's share in the company with 55% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
研究恒源煤电股份有限公司(SHSE:600971)的股东可以告诉我们哪一组最强大。我们可以看到,私人公司占公司的大部分股份,达到55%。也就是说,如果股价上涨,该集团将获得最大的好处(或在经济下行时损失最大)。
As market cap fell to CN¥12b last week, private companies would have faced the highest losses than any other shareholder groups of the company.
随着市值在上周下降到120亿元,私人公司将面临比该公司任何其他股东群体更高的亏损。
In the chart below, we zoom in on the different ownership groups of Anhui Hengyuan Coal Industry and Electricity PowerLtd.
在下面的图表中,我们会放大恒源煤电的不同所有权群体。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240727/0-b6d71216748a2ae541796827d20205f4-0-dd43a588f785b23ff9d0b1b76d008def.png/big)
What Does The Institutional Ownership Tell Us About Anhui Hengyuan Coal Industry and Electricity PowerLtd?
恒源煤电的机构持股情况告诉我们什么?
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。
Anhui Hengyuan Coal Industry and Electricity PowerLtd already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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 Anhui Hengyuan Coal Industry and Electricity PowerLtd, (below). Of course, keep in mind that there are other factors to consider, too.
恒源煤电已经在股份登记表上拥有机构。的确,他们拥有公司的尊重股份。这表明为那些机构工作的分析师们已经看过股票,他们喜欢它。但像其他人一样,他们也可能错误。如果两个大型机构投资者同时试图抛售该股,那么看到大幅股价下跌并不罕见。因此,值得检查恒源煤电的过去收益轨迹(以下)。当然,也要记住还有其他要考虑的因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240727/0-b6d71216748a2ae541796827d20205f4-1-1a449b14c8dbd4ff3ab1149bd81d748d.png/big)
We note that hedge funds don't have a meaningful investment in Anhui Hengyuan Coal Industry and Electricity PowerLtd. Looking at our data, we can see that the largest shareholder is Wanbei Coal-Electricity Group Co., Ltd. with 55% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. In comparison, the second and third largest shareholders hold about 3.2% and 1.3% of the stock.
我们注意到,对恒源煤电的投资基金没有实质性的投资。通过查看我们的数据,我们可以看到持有股份最多的股东是皖北煤电集团有限责任公司,持有55%的股份。由于他们在所有权中拥有如此庞大的股份,因此我们推断他们对公司的未来具有重大控制权。相比之下,第二和第三大股东持有约3.2%和1.3%的股份。
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. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
研究机构所有权是衡量和过滤股票预期表现的好方法。通过研究分析师的情绪,也可以达到同样的效果。虽然该公司有一些分析师关注,但它可能没有得到广泛关注。因此,它可能在未来得到更多关注。
Insider Ownership Of Anhui Hengyuan Coal Industry and Electricity PowerLtd
恒源煤电的内部股东所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
虽然内部人员的精确定义可能具有主观性,但几乎所有人都认为董事会成员是内部人员。管理层最终向董事会负责。然而,如果经理是创始人或CEO,那么他们成为执行董事会成员并不罕见。
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 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.
看起来,私营企业拥有安徽皖能电力股票的58%。这值得深入挖掘。如果相关方,如内部人士,在其中一家私营企业中拥有利益,那么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。
General Public Ownership
一般大众所有权
With a 34% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Anhui Hengyuan Coal Industry and Electricity PowerLtd. 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.
持有34%股份的普通公众,主要由个人投资者组成,对恒源煤电股份有限公司具有某种程度的影响力。即使这种所有权的规模不足以影响政策决策,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
Our data indicates that Private Companies hold 55%, of the company's shares. 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.
我们的数据表明,私人公司持有公司股份的55%。仅从这个事实中很难得出任何结论,因此值得研究谁拥有那些私人公司。有时,内部人员或其他相关方通过单独的私人公司持有上市公司的股份。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Anhui Hengyuan Coal Industry and Electricity PowerLtd better, we need to consider many other factors. For example, we've discovered 1 warning sign for Anhui Hengyuan Coal Industry and Electricity PowerLtd that you should be aware of before investing here.
考虑持有公司股份的不同群体总是值得思考的。但要更好地了解恒源煤电,我们需要考虑许多其他因素。例如,我们发现恒源煤电股份有限公司存在1个警告标志,您在此投资之前应该知道。
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。