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Hengtong Logistics Co., Ltd.'s (SHSE:603223) Last Week's 8.8% Decline Must Have Disappointed Private Companies Who Have a Significant Stake

Hengtong Logistics Co., Ltd.'s (SHSE:603223) Last Week's 8.8% Decline Must Have Disappointed Private Companies Who Have a Significant Stake

恒通物流有限公司's(SHSE: 603223)上週8.8%的跌幅一定讓持有大量股份的私營公司感到失望
Simply Wall St ·  03/28 01:09

Key Insights

關鍵見解

  • Significant control over Hengtong Logistics by private companies implies that the general public has more power to influence management and governance-related decisions
  • A total of 2 investors have a majority stake in the company with 56% ownership
  • 23% of Hengtong Logistics is held by insiders
  • 私營公司對亨通物流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
  • 共有2位投資者持有該公司的多數股權,所有權爲56%
  • 恒通物流23%的股份由內部人士持有

A look at the shareholders of Hengtong Logistics Co., Ltd. (SHSE:603223) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 40% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

看看恒通物流有限公司(SHSE: 603223)的股東可以告訴我們哪個集團最強大。而持有最大份額的集團是擁有40%所有權的私營公司。換句話說,該集團面臨最大的上行潛力(或下行風險)。

And following last week's 8.8% decline in share price, private companies suffered the most losses.

繼上週股價下跌8.8%之後,私營公司遭受的損失最大。

In the chart below, we zoom in on the different ownership groups of Hengtong Logistics.

在下圖中,我們放大了亨通物流的不同所有權群體。

ownership-breakdown
SHSE:603223 Ownership Breakdown March 28th 2024
SHSE: 603223 所有權明細 2024 年 3 月 28 日

What Does The Institutional Ownership Tell Us About Hengtong Logistics?

機構所有權告訴我們關於亨通物流的什麼?

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.

許多機構根據近似於當地市場的指數來衡量自己的表現。因此,他們通常會更多地關注主要指數中包含的公司。

Institutions have a very small stake in Hengtong Logistics. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. When multiple institutional investors want to buy shares, we often see a rising share price. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees.

機構在亨通物流中持有很少的股份。這表明該公司受到一些基金的關注,但目前在專業投資者中並不特別受歡迎。如果業務從此變得更加強大,我們可能會看到更多機構熱衷於收購的情況。當多個機構投資者想要購買股票時,我們經常會看到股價上漲。過去的收入軌跡(如下所示)可以預示未來的增長,但無法保證。

earnings-and-revenue-growth
SHSE:603223 Earnings and Revenue Growth March 28th 2024
SHSE: 603223 2024 年 3 月 28 日收益和收入增長

We note that hedge funds don't have a meaningful investment in Hengtong Logistics. The company's largest shareholder is Nanshan Group Co.,Ltd, with ownership of 40%. With 16% and 4.4% of the shares outstanding respectively, Zhen Liu and Jian Bo Song are the second and third largest shareholders.

我們注意到,對沖基金沒有對亨通物流進行有意義的投資。該公司的最大股東是南山集團有限公司。, Ltd,擁有40%的所有權。劉震和宋健波分別擁有16%和4.4%的已發行股份,是第二和第三大股東。

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

爲了使我們的研究更有趣,我們發現前兩名股東擁有公司的多數股權,這意味着他們足夠強大,足以影響公司的決策。

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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

研究機構所有權是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒也可以達到同樣的目的。據我們所知,沒有分析師對該公司進行報道,因此它可能處於雷達之下。

Insider Ownership Of Hengtong Logistics

亨通物流的內部所有權

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. 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.

公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間確實有所不同。我們的數據反映了個人內部人士,至少涵蓋了董事會成員。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。

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。

It seems insiders own a significant proportion of Hengtong Logistics Co., Ltd.. Insiders own CN¥1.3b worth of shares in the CN¥5.6b company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

看來內部人士擁有恒通物流有限公司的很大一部分股份。內部人士擁有這家56億元人民幣公司價值13億元人民幣的股份。這可能表明創始人仍然擁有大量股份。你可以點擊這裏查看他們是否在買入或賣出。

General Public Ownership

一般公有制

The general public-- including retail investors -- own 35% stake in the company, and hence can't easily be ignored. 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.

包括散戶投資者在內的公衆擁有該公司35%的股份,因此不容忽視。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

Our data indicates that Private Companies hold 40%, of the company's shares. 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.

我們的數據表明,私營公司持有公司40%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。

Next Steps:

後續步驟:

It's always worth thinking about the different groups who own shares in a company. But to understand Hengtong Logistics better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Hengtong Logistics 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,要更好地了解亨通物流,我們需要考慮許多其他因素。一個很好的例子:我們發現了亨通物流的1個警告標誌,你應該注意。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,來看看這份有趣的公司的免費清單吧。

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。

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.

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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