Hengtong Optic-Electric Co., Ltd.'s (SHSE:600487) Largest Shareholders Are Individual Investors Who Were Rewarded as Market Cap Surged CN¥2.6b Last Week
Hengtong Optic-Electric Co., Ltd.'s (SHSE:600487) Largest Shareholders Are Individual Investors Who Were Rewarded as Market Cap Surged CN¥2.6b Last Week
Key Insights
主要見解
- The considerable ownership by individual investors in Hengtong Optic-Electric indicates that they collectively have a greater say in management and business strategy
- The top 25 shareholders own 41% of the company
- Institutional ownership in Hengtong Optic-Electric is 12%
- 在亨通光電中,個人投資者擁有相當大的持股比例,表明他們共同對管理和業務策略有更大的發言權
- 前25名股東擁有公司股份的41%。
- 亨通光電的機構持股比例爲12%
To get a sense of who is truly in control of Hengtong Optic-Electric Co., Ltd. (SHSE:600487), it is important to understand the ownership structure of the business. We can see that individual investors own the lion's share in the company with 56% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
爲了了解誰真正控制着亨通光電股份有限公司(SHSE:600487),重要的是要了解業務的所有權結構。我們可以看到,個人投資者擁有公司中的大部分股份,佔有56%。也就是說,如果股價上漲(或者如果出現下跌),該群體將獲益最多(或損失最多)。
As a result, individual investors were the biggest beneficiaries of last week's 6.4% gain.
因此,個人投資者成爲上週漲幅最大的受益者。
Let's take a closer look to see what the different types of shareholders can tell us about Hengtong Optic-Electric.
讓我們更仔細地查看不同類型的股東能告訴我們關於亨通光電的信息。

What Does The Institutional Ownership Tell Us About Hengtong Optic-Electric?
機構持股告訴我們有關亨通光電的什麼?
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.
機構通常在向自己的投資者報告時會針對一個基準進行衡量,因此一旦某隻股票被納入主要指數,他們通常會更加熱衷於該股票。我們預計大多數公司都會有一些機構在登記簿上,尤其是那些正在增長的公司。
As you can see, institutional investors have a fair amount of stake in Hengtong Optic-Electric. 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 Hengtong Optic-Electric, (below). Of course, keep in mind that there are other factors to consider, too.
正如您所看到的,機構投資者在亨通光電中擁有相當大比例的股權。這意味着爲這些機構工作的分析師已經研究了這支股票,並且他們喜歡它。但就像其他人一樣,他們也可能是錯誤的。如果兩位大型機構投資者同時試圖從一支股票中拋售股票,很常見會看到股價大幅下跌。因此值得檢查亨通光電的過去收益軌跡(如下)。當然,也請記住還有其他因素需要考慮。

Hengtong Optic-Electric is not owned by hedge funds. The company's largest shareholder is Hengtong Group Co.,Ltd, with ownership of 24%. In comparison, the second and third largest shareholders hold about 3.9% and 1.5% of the stock.
亨通光電不歸對沖基金所有。公司最大的股東是亨通集團有限公司,持有24%的股份。相比之下,第二大和第三大股東分別持有約3.9%和1.5%的股票。
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
經過我們的所有權數據研究,我們發現前25位股東共同擁有不到50%的股份,表明沒有任何個人擁有多數利益。
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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
研究機構持股比例是衡量和篩選股票預期表現的好方法。同樣可以通過研究分析師情緒來實現。由於相當多的分析師都關注着該股票,因此你可以很容易地研究預測的增長。
Insider Ownership Of Hengtong Optic-Electric
亨通光電的內部持股權
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.
雖然內部人員的精確定義可能具有主觀性,但幾乎所有人都認爲董事會成員是內部人員。管理層最終向董事會負責。然而,如果經理是創始人或CEO,那麼他們成爲執行董事會成員並不罕見。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
當內部人持股情況表明領導層思考和公司真正所有者一樣時,內部所有權是積極的。然而,高達內部人士所有權也可能爲公司內的小團體帶來巨大的權力。在某些情況下,這可能是負面的。
We can see that insiders own shares in Hengtong Optic-Electric Co., Ltd.. This is a big company, so it is good to see this level of alignment. Insiders own CN¥1.9b worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
我們可以看到,內部持有者擁有亨通光電股份。這是一家大公司,因此看到這種程度的一致性是好事。內部持有人擁有價值19億人民幣的股份(以當前價格計算)。如果您想探討內部持有者的一致性問題,您可以點擊這裏查看內部持有者是否一直在買入或賣出。
General Public Ownership
一般大衆所有權
The general public, mostly comprising of individual investors, collectively holds 56% of Hengtong Optic-Electric shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.
普通大衆,主要是個人投資者,共同持有亨通光電56%的股份。擁有這麼多股權,零售投資者可以集體在影響股東回報的決定中發揮作用,例如股息政策和董事的任命。他們還可以行使投票權,對可能不會提高盈利能力的收購或合併進行投票。
Private Company Ownership
私有公司的所有權
It seems that Private Companies own 27%, of the Hengtong Optic-Electric stock. 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.
似乎私人公司持有亨通光電27%的股份。私人公司可能屬於關聯方。有時內部人員通過持有私人公司的股份而非以個人名義對上市公司感興趣。雖然很難得出任何明確結論,但這值得作爲進一步研究的一個方向。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Hengtong Optic-Electric better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Hengtong Optic-Electric , and understanding them should be part of your investment process.
始終要考慮不同群體持有公司股份的情況。但要更好地了解亨通光電,我們需要考慮許多其他因素。比如,要考慮投資風險的永恒威脅。我們已經發現了1個警示信號,對亨通光電有更深入的了解應該成爲您投資過程的一部分。
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
但最終,決定該業務所有者將獲得多大利益的是未來而非過去。因此,我們認爲最好查看此免費報告,以了解分析師是否預測更光明的未來。
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:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。