Huaneng Power International, Inc.'s (HKG:902) Largest Shareholders Are Private Companies With 53% Ownership, Individual Investors Own 27%
Huaneng Power International, Inc.'s (HKG:902) Largest Shareholders Are Private Companies With 53% Ownership, Individual Investors Own 27%
Key Insights
主要见解
- Huaneng Power International's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- A total of 3 investors have a majority stake in the company with 51% ownership
- 21% of Huaneng Power International is held by Institutions
- 华能国际电力股份的重要非公有制企业股权表明关键决策受到更大公众股东的影响。
- 总计3名投资者持有该公司51%的所有权。
- 华能国际电力股份有21%的机构持股。
To get a sense of who is truly in control of Huaneng Power International, Inc. (HKG:902), it is important to understand the ownership structure of the business. With 53% stake, private companies possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要对华能国际电力股份公司(HKG:902)真正控制权产生的人有所了解,了解业务的所有权结构非常重要。拥有53%的股份,私人公司拥有该公司最多的股份。换句话说,该集团有望在其对该公司的投资中获得最大的投资回报(或者承担最大的投资损失)。
Meanwhile, individual investors make up 27% of the company's shareholders.
同时,个人投资者占该公司股东的27%。
In the chart below, we zoom in on the different ownership groups of Huaneng Power International.
在下面的图表中,我们将重点关注华能国际电力股份的不同所有权集团。
![1724373398617](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240823/42762894-0-94d922e98a7ece3357fe1fc683f8f620.webp/bigjpg)
What Does The Institutional Ownership Tell Us About Huaneng Power International?
机构持股对华能国际电力股份有何影响?
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。
Huaneng Power International 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 Huaneng Power International, (below). Of course, keep in mind that there are other factors to consider, too.
华能国际电力股份已经有机构在股东名册中。事实上,他们在公司中拥有可观的股份。这意味着那些机构的分析师们已经看过这支股票,并且认为它具有吸引力。但就像其他人一样,他们也可能犯错。如果两家大型机构投资者同时试图卖出一支股票,很常见会看到股价大幅下跌。因此,值得检查华能国际电力股份的过去盈利趋势(见下图)。当然,还要考虑其他因素。
![1724373399545](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240823/42762894-1-4f451a24019faeaa5ffa4b9a8ba18886.webp/bigjpg)
We note that hedge funds don't have a meaningful investment in Huaneng Power International. Looking at our data, we can see that the largest shareholder is China Huaneng Group Co., Ltd. with 45% of shares outstanding. With 3.1% and 3.0% of the shares outstanding respectively, Hebei Province Construction & Investment Group Co.,Ltd and China Securities Finance Corp, Asset Management Arm are the second and third largest shareholders.
我们注意到对于华能国际电力股份有限公司,对冲基金并没有意义的投资。 根据我们的数据,我们可以看到最大的股东是中国华能集团有限公司,持有45%的股份。 而河北省建设投资集团有限公司和中国证券金融股份有限公司的资产管理部分别持有3.1%和3.0%的股份,属于第二和第三大股东。
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
经过更深入的挖掘,我们发现前3大股东共控制了公司股份的一半以上,这意味着他们有相当大的权力来影响公司的决策。
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. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
尽管研究公司的机构所有权可以为您的研究增加价值,但研究分析师的建议也是一个好习惯,以深入了解股票的预期表现。有许多分析师对这支股票进行了覆盖,因此了解他们的预测可能值得一试。
Insider Ownership Of Huaneng Power International
华能国际电力股份有限公司的内部所有权
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。
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。
We note our data does not show any board members holding shares, personally. It is rare to see such a low level of personal ownership, amongst the board (and it is possible that our data might be incomplete). Concerned investors should check here to see if insiders have been selling or buying.
我们注意到我们的数据没有显示任何董事会成员持有股票。在董事会中看到这么低的个人持股水平是很少见的(我们的数据可能不完整)。关注投资者应查看此处以查看内部人是否一直在买卖。
General Public Ownership
一般大众所有权
The general public, who are usually individual investors, hold a 27% stake in Huaneng Power International. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
作为通常是散户投资者的普通大众,在华能国际电力股份持有27%的股份。 尽管这个群体不能确定地看涨,但它肯定对公司的运营有着真正的影响力。
Private Company Ownership
私有公司的所有权
We can see that Private Companies own 53%, 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,私营公司拥有发行股份的53%。 这可能值得深入研究。 如果相关方,如内部人员,在其中一家私营公司中有利益,那应在年度报告中披露。 私营公司对该公司也可能有战略利益。
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. Case in point: We've spotted 2 warning signs for Huaneng Power International you should be aware of, and 1 of them doesn't sit too well with us.
我发现查看公司的真正所有人非常有趣。 但要真正获得见解,我们还需要考虑其他信息。 事实证明:我们发现了华能国际电力股份的2个警告信号,您应该注意,其中1个信号对我们来说不太好。
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。
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