Private Companies Are China Nuclear Engineering Corporation Limited's (SHSE:601611) Biggest Owners and Were Hit After Market Cap Dropped CN¥1.3b
Private Companies Are China Nuclear Engineering Corporation Limited's (SHSE:601611) Biggest Owners and Were Hit After Market Cap Dropped CN¥1.3b
Key Insights
關鍵見解
- Significant control over China Nuclear Engineering by private companies implies that the general public has more power to influence management and governance-related decisions
- 57% of the company is held by a single shareholder (China National Nuclear Corporation)
- Using data from company's past performance alongside ownership research, one can better assess the future performance of a company
- 私營公司對中國核工程的嚴格控制意味着公衆擁有更大的影響管理和治理相關決策的權力
- 該公司 57% 的股份由單一股東(中國核工業集團公司)持有
- 使用公司過去業績的數據以及所有權研究,可以更好地評估公司的未來表現
Every investor in China Nuclear Engineering Corporation Limited (SHSE:601611) should be aware of the most powerful shareholder groups. We can see that private companies own the lion's share in the company with 57% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
中國核工程股份有限公司(SHSE: 601611)的每位投資者都應該知道最強大的股東群體。我們可以看到,私營公司擁有該公司的大部分股份,所有權爲57%。換句話說,該集團面臨最大的上行潛力(或下行風險)。
And last week, private companies endured the biggest losses as the stock fell by 6.2%.
上週,私營公司遭受了最大的損失,股價下跌了6.2%。
Let's take a closer look to see what the different types of shareholders can tell us about China Nuclear Engineering.
讓我們仔細看看不同類型的股東能告訴我們關於中國核工程的哪些信息。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240205/0-ed3c30ae5978f414a8b82843152108ee-0-32e942e55b3f0a0b62f16e6e63ad3fda.png/big)
What Does The Institutional Ownership Tell Us About China Nuclear Engineering?
關於中國核工程,機構所有權告訴我們什麼?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
機構在向自己的投資者報告時通常會根據基準來衡量自己,因此,一旦股票被納入主要指數,他們通常會對股票更加熱情。我們預計大多數公司都會有一些機構在冊,尤其是在它們正在成長的情況下。
We can see that China Nuclear Engineering does have institutional investors; and they hold a good portion of the company's stock. 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 China Nuclear Engineering's historic earnings and revenue below, but keep in mind there's always more to the story.
我們可以看到,中國核工程確實有機構投資者;他們持有該公司很大一部分股票。這可能表明該公司在投資界具有一定程度的信譽。但是,最好謹慎行事,不要依賴機構投資者所謂的驗證。他們也是,有時候會弄錯。當多家機構擁有一隻股票時,總是存在處於 “擁擠交易” 的風險。當這樣的交易出錯時,多方可能會競相快速出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到中國核工程的歷史收益和收入,但請記住,故事總是有更多內容。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240205/0-ed3c30ae5978f414a8b82843152108ee-1-dcf3e8c8734aa0d26a93c37e02fbb8a8.png/big)
We note that hedge funds don't have a meaningful investment in China Nuclear Engineering. Our data shows that China National Nuclear Corporation is the largest shareholder with 57% of shares outstanding. This implies that they have majority interest control of the future of the company. China Cinda Asset Management Co., Ltd. is the second largest shareholder owning 10% of common stock, and Huihua Fund Management Co., Ltd. holds about 3.9% of the company stock.
我們注意到,對沖基金沒有對中國核工程進行有意義的投資。我們的數據顯示,中國核工業集團公司是最大股東,已發行股份的57%。這意味着他們對公司的未來擁有多數權益控制權。中國信達資產管理有限公司是第二大股東,擁有10%的普通股,惠華基金管理有限公司持有公司約3.9%的股份。
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. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
雖然研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種好做法。儘管有一些分析師的報道,但該公司的報道可能並不廣泛。因此,在未來它可能會引起更多關注。
Insider Ownership Of China Nuclear Engineering
中國核工程的內部所有權
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.
儘管內部人士的確切定義可能是主觀的,但幾乎每個人都認爲董事會成員是內部人士。管理層最終對董事會負責。但是,經理成爲執行委員會成員的情況並不少見,尤其是當他們是創始人或首席執行官時。
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.
大多數人認爲內部所有權是積極的,因爲這可能表明董事會與其他股東關係良好。但是,在某些情況下,過多的權力集中在該群體中。
Our most recent data indicates that insiders own less than 1% of China Nuclear Engineering Corporation Limited. But they may have an indirect interest through a corporate structure that we haven't picked up on. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CN¥9.9m 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.
我們最新的數據顯示,內部人士擁有中國核工程股份有限公司不到1%的股份。但是,他們可能會通過我們尚未採用的公司結構獲得間接利益。這是一家大公司,因此即使是很小的比例權益也可以在董事會和股東之間建立一致。在本案中,內部人士擁有價值990萬元人民幣的股票。可以說,最近的買入和賣出同樣值得考慮。你可以點擊這裏查看內部人士是否在買入或賣出。
General Public Ownership
一般公有制
With a 25% ownership, the general public, mostly comprising of individual investors, have some degree of sway over China Nuclear Engineering. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
中國核工程擁有25%的所有權,主要由個人投資者組成的公衆對中國核工程有一定程度的影響力。這種所有權規模雖然可觀,但如果決策與其他大股東不同步,可能不足以改變公司政策。
Private Company Ownership
私人公司所有權
It seems that Private Companies own 57%, of the China Nuclear Engineering stock. 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.
看來私營公司擁有中國核工程公司57%的股份。可能值得對此進行更深入的研究。如果關聯方,例如內部人士,對其中一傢俬營公司有興趣,則應在年度報告中予以披露。私營公司也可能在公司中擁有戰略利益。
Public Company Ownership
上市公司所有權
We can see that public companies hold 10% of the China Nuclear Engineering shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
我們可以看到,上市公司持有中國核工程10%的已發行股份。這可能是戰略利益,兩家公司可能有相關的商業利益。可能是它們已經分解了。這種持股可能值得進一步調查。
Next Steps:
後續步驟:
It's always worth thinking about the different groups who own shares in a company. But to understand China Nuclear Engineering better, we need to consider many other factors. For instance, we've identified 2 warning signs for China Nuclear Engineering (1 is a bit concerning) that you should be aware of.
擁有公司股份的不同群體總是值得考慮的。但是,爲了更好地了解中國核工程,我們需要考慮許多其他因素。例如,我們已經確定了中國核工程的兩個警告信號(其中一個有點令人擔憂),你應該注意這些信號。
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.
如果你像我一樣,你可能需要考慮這家公司是會成長還是會萎縮。幸運的是,您可以查看這份免費報告,其中顯示了分析師對其未來的預測。
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.
注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。