Zhejiang Reclaim Construction Group Co., Ltd.'s (SZSE:002586) Last Week's 10% Decline Must Have Disappointed Private Companies Who Have a Significant Stake
Zhejiang Reclaim Construction Group Co., Ltd.'s (SZSE:002586) Last Week's 10% Decline Must Have Disappointed Private Companies Who Have a Significant Stake
Key Insights
關鍵見解
- Zhejiang Reclaim Construction Group's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 6 shareholders own 50% of the company
- Using data from company's past performance alongside ownership research, one can better assess the future performance of a company
- 浙江瑞海建設集團擁有大量私營公司所有權,這表明關鍵決策受廣大公衆股東的影響
- 前6名股東擁有公司50%的股份
- 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
To get a sense of who is truly in control of Zhejiang Reclaim Construction Group Co., Ltd. (SZSE:002586), it is important to understand the ownership structure of the business. With 50% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
要了解誰真正控制着浙江填海建設集團有限公司(SZSE:002586),了解該業務的所有權結構非常重要。私營公司擁有50%的股份,擁有該公司的最大股份。換句話說,該集團面臨最大的上行潛力(或下行風險)。
As market cap fell to CN¥3.4b last week, private companies would have faced the highest losses than any other shareholder groups of the company.
隨着上週市值跌至34億元人民幣,私營公司面臨的損失將超過該公司任何其他股東群體。
In the chart below, we zoom in on the different ownership groups of Zhejiang Reclaim Construction Group.
在下圖中,我們放大了浙江填海建設集團的不同所有權組。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-62d4f18a58d4d348305d66791849fa97-0-2bbf3cc415bef4775d3a26ee89883c9f.png/big)
What Does The Lack Of Institutional Ownership Tell Us About Zhejiang Reclaim Construction Group?
關於浙江填海建設集團,缺乏機構所有權告訴我們什麼?
We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common.
我們往往不會看到機構投資者持有風險很大、交易量稀少或規模很小的公司的股票。儘管我們有時會看到大公司沒有註冊機構,但這種情況並不特別常見。
There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. On the other hand, it's always possible that professional investors are avoiding a company because they don't think it's the best place for their money. Zhejiang Reclaim Construction Group's earnings and revenue track record (below) may not be compelling to institutional investors -- or they simply might not have looked at the business closely.
沒有機構擁有公司股份的原因可能多種多樣。通常,小型的新上市公司不會引起基金經理的太多關注,因爲大型基金經理不可能在公司中建立有意義的地位。另一方面,專業投資者總是有可能避開一家公司,因爲他們認爲這不是賺錢的最佳去處。對於機構投資者而言,浙江回收建設集團的收益和收入記錄(見下文)可能並不令人信服,或者他們可能根本沒有仔細研究該業務。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-62d4f18a58d4d348305d66791849fa97-1-2eeb75c57c59a313ca21eb7ffecf7fc0.png/big)
Hedge funds don't have many shares in Zhejiang Reclaim Construction Group. The company's largest shareholder is Hangzhou Guangyao Zhixin Zhongyang Equity Investment Partnership Enterprise (Limited Partnership), with ownership of 15%. Meanwhile, the second and third largest shareholders, hold 15% and 11%, of the shares outstanding, respectively.
對沖基金在浙江回收建設集團的股份不多。該公司的最大股東是杭州光耀至信中陽股權投資合夥企業(有限合夥),所有權爲15%。同時,第二和第三大股東分別持有已發行股份的15%和11%。
We did some more digging and found that 6 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
我們做了進一步的挖掘,發現大股東中有6人約佔登記冊的50%,這意味着除了較大的股東外,還有一些較小的股東,從而在一定程度上平衡了彼此的利益。
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. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
雖然研究公司的機構所有權數據是有意義的,但研究分析師的情緒以了解風向哪個方向吹來也是有意義的。我們的信息表明,分析師對該股沒有任何報道,因此可能鮮爲人知。
Insider Ownership Of Zhejiang Reclaim Construction Group
浙江圍海建設集團的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
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。公司管理層經營業務,但首席執行官將對董事會負責,即使他或她是董事會成員。
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.
我通常認爲內部所有權是一件好事。但是,在某些情況下,這使其他股東更難追究董事會對決策的責任。
We can report that insiders do own shares in Zhejiang Reclaim Construction Group Co., Ltd.. It has a market capitalization of just CN¥3.4b, and insiders have CN¥175m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.
我們可以報告,內部人士確實擁有浙江圍海建設集團有限公司的股份。它的市值僅爲34億元人民幣,內部人士以自己的名義持有價值1.75億元人民幣的股票。有人會說,這表明股東和董事會之間的利益一致。但是,可能值得檢查一下這些內部人士是否一直在出售。
General Public Ownership
一般公有制
With a 45% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Zhejiang Reclaim Construction Group. 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.
擁有 45% 的所有權的普通大衆(主要是個人投資者)對浙江填海建設集團有一定程度的影響力。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。
Private Company Ownership
私人公司所有權
Our data indicates that Private Companies hold 50%, of the company's shares. 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.
我們的數據表明,私人公司持有公司50%的股份。私人公司可能是關聯方。有時,內部人士通過持有私營公司的股權而對上市公司感興趣,而不是以個人身份獲得權益。雖然很難得出任何廣泛的中風結論,但值得注意的是,這是一個有待進一步研究的領域。
Next Steps:
後續步驟:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Zhejiang Reclaim Construction Group , and understanding them should be part of your investment process.
儘管值得考慮擁有公司的不同群體,但還有其他因素更爲重要。例如,以永遠存在的投資風險幽靈爲例。我們已經向浙江回收建設集團確定了1個警告信號,了解它們應該成爲您投資過程的一部分。
Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.
當然,這可能不是最值得買入的股票。因此,來看看這份免費的有趣公司名單吧。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。