Retail Investors Invested in Qyuns Therapeutics Co., Ltd. (HKG:2509) Copped the Brunt of Last Week's HK$573m Market Cap Decline
Retail Investors Invested in Qyuns Therapeutics Co., Ltd. (HKG:2509) Copped the Brunt of Last Week's HK$573m Market Cap Decline
Key Insights
主要见解
- Qyuns Therapeutics' significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 5 shareholders own 55% of the company
- Institutional ownership in Qyuns Therapeutics is 14%
- 荃信生物的重要零售投资者持股显示,关键决策受到大型公众股东的影响。
- 前5大股东拥有公司的55%股份。
- 荃信生物的机构持股比例为14%。
To get a sense of who is truly in control of Qyuns Therapeutics Co., Ltd. (HKG:2509), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 35% to be precise, is retail investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
要了解荃信生物(临时代码)(HKG:2509)真正的控制者是谁,理解业务的所有权结构是很重要的。持有公司最多股份的群体大约占35%,正是零售投资者。也就是说,如果股票上涨,该群体将获得最多的收益(如果有下跌,他们也将遭受最大的损失)。
As market cap fell to HK$2.2b last week, retail investors would have faced the highest losses than any other shareholder groups of the company.
上周市值下降至22亿港元,散户投资者将面临比公司其他股东群体更高的损失。
In the chart below, we zoom in on the different ownership groups of Qyuns Therapeutics.
在下图中,我们聚焦于荃信生物的不同股权结构。
What Does The Institutional Ownership Tell Us About Qyuns Therapeutics?
机构持股告诉我们关于荃信生物什么?
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。
We can see that Qyuns Therapeutics 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Qyuns Therapeutics' earnings history below. Of course, the future is what really matters.
我们可以看到荃信生物确实有机构投资者;他们持有公司股票的相当一部分。这在专业投资者中暗示了一定的可信度。但我们不能仅靠这一事实,因为机构有时也会做出错误的投资,和其他人一样。如果多个机构同时改变对某只股票的看法,您可能会看到股价迅速下跌。因此,查看荃信生物的历史收益是值得的。当然,未来才是真正重要的。
Qyuns Therapeutics is not owned by hedge funds. Hangzhou Quanyi Investment Management Partnership (General Partnership) is currently the company's largest shareholder with 18% of shares outstanding. In comparison, the second and third largest shareholders hold about 16% and 8.4% of the stock.
荃信生物(临时代码)并不被对冲基金持有。 杭州全亿投资管理合伙企业(普通合伙)目前是公司最大股东,持有18%的流通股。 相比之下,第二和第三大股东分别持有大约16%和8.4%的股票。
On looking further, we found that 55% 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.
进一步调查发现,前五大股东持有55%的股票。 换句话说,这些股东在公司的决策中有重要发言权。
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. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
研究机构所有权是衡量和过滤股票预期表现的好方法。分析师观点也可以达到相同的目的。我们的信息表明,这只股票没有任何分析师覆盖,所以它可能不是很出名。
Insider Ownership Of Qyuns Therapeutics
荃信生物(临时代码)的内部持股
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. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
公司内部人员的定义可能是主观的,并且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,至少捕捉到董事会成员的记录。公司管理人员向董事会报告,后者应该代表股东的利益。值得注意的是,有时高级管理人员自己也在董事会中。
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 unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to take a look at this free summary of insider buying and selling.
我们注意到我们的数据并未显示任何董事会成员持有股票。董事会成员至少应该持有一些个人股份,这种情况很不寻常,因此我们的数据可能存在缺陷。一个很好的下一步是查看内部买卖的免费摘要。
General Public Ownership
一般大众所有权
With a 35% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Qyuns Therapeutics. 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.
拥有35%的股份,公众,主要由个人投资者组成,对荃信生物(临时代码)有一定的影响力。虽然这个持股比例可能不足以影响政策决策,但他们依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 29%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
我们可以看到私营公司持有在发行的股份总数中的29%。私营公司可能是相关方。有时内部人通过私营公司的持股来对一家上市公司产生利益,而不是以个人的身份来持股。虽然很难得出任何广泛的结论,但值得注意作为进一步研究的领域。
Public Company Ownership
上市公司所有权
Public companies currently own 16% of Qyuns Therapeutics stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
上市公司目前持有荃信生物16%的股份。我们不能确定,但这很可能是战略性股份。这些业务可能类似,或者是合作的关系。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Qyuns Therapeutics better, we need to consider many other factors.
考虑拥有公司股份的不同群体总是值得的。但为了更好地理解荃信生物,我们需要考虑许多其他因素。
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
很多人觉得深入了解一家公司过去的表现是有用的。您可以访问此详细的过去收益、营业收入和现金流量图。
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data.
如果您更喜欢核对具有潜在优越财务状况的其他公司,则不要错过此免费的备有强大财务数据支持的有趣公司列表。
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。
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