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
Key Insights
关键见解
- 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
- 私营公司对亨通物流的严格控制意味着公众拥有更大的影响管理和治理相关决策的权力
- 共有2位投资者持有该公司的多数股权,所有权为56%
- 恒通物流23%的股份由内部人士持有
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)的股东可以告诉我们哪个集团最强大。而持有最大份额的集团是拥有40%所有权的私营公司。换句话说,该集团面临最大的上行潜力(或下行风险)。
And following last week's 8.8% decline in share price, private companies suffered the most losses.
继上周股价下跌8.8%之后,私营公司遭受的损失最大。
In the chart below, we zoom in on the different ownership groups of Hengtong Logistics.
在下图中,我们放大了亨通物流的不同所有权群体。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240328/0-9930a3e29173ff30a8b1a01c929eda55-0-2366eb9c750f2279a51d18b517963f55.png/big)
What Does The Institutional Ownership Tell Us About Hengtong Logistics?
机构所有权告诉我们关于亨通物流的什么?
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.
许多机构根据近似于当地市场的指数来衡量自己的表现。因此,他们通常会更多地关注主要指数中包含的公司。
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.
机构在亨通物流中持有很少的股份。这表明该公司受到一些基金的关注,但目前在专业投资者中并不特别受欢迎。如果业务从此变得更加强大,我们可能会看到更多机构热衷于收购的情况。当多个机构投资者想要购买股票时,我们经常会看到股价上涨。过去的收入轨迹(如下所示)可以预示未来的增长,但无法保证。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240328/0-9930a3e29173ff30a8b1a01c929eda55-1-4c21c76720ca571792fedb5736f6e6ba.png/big)
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.
我们注意到,对冲基金没有对亨通物流进行有意义的投资。该公司的最大股东是南山集团有限公司。, Ltd,拥有40%的所有权。刘震和宋健波分别拥有16%和4.4%的已发行股份,是第二和第三大股东。
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.
为了使我们的研究更有趣,我们发现前两名股东拥有公司的多数股权,这意味着他们足够强大,足以影响公司的决策。
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.
研究机构所有权是衡量和筛选股票预期表现的好方法。通过研究分析师的情绪也可以达到同样的目的。据我们所知,没有分析师对该公司进行报道,因此它可能处于雷达之下。
Insider Ownership Of Hengtong Logistics
亨通物流的内部所有权
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确实有所不同。我们的数据反映了个人内部人士,至少涵盖了董事会成员。管理层最终对董事会负责。但是,经理成为执行委员会成员的情况并不少见,尤其是当他们是创始人或首席执行官时。
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.
我通常认为内部所有权是一件好事。但是,在某些情况下,这使其他股东更难追究董事会对决策的责任。
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.
看来内部人士拥有恒通物流有限公司的很大一部分股份。内部人士拥有这家56亿元人民币公司价值13亿元人民币的股份。这可能表明创始人仍然拥有大量股份。你可以点击这里查看他们是否在买入或卖出。
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.
包括散户投资者在内的公众拥有该公司35%的股份,因此不容忽视。这种所有权规模虽然可观,但如果决策与其他大股东不同步,可能不足以改变公司政策。
Private Company Ownership
私人公司所有权
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.
我们的数据表明,私营公司持有公司40%的股份。可能值得对此进行更深入的研究。如果关联方,例如内部人士,对其中一家私营公司有兴趣,则应在年度报告中予以披露。私营公司也可能在公司中拥有战略利益。
Next Steps:
后续步骤:
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.
拥有公司股份的不同群体总是值得考虑的。但是,要更好地了解亨通物流,我们需要考虑许多其他因素。一个很好的例子:我们发现了亨通物流的1个警告标志,你应该注意。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,来看看这份有趣的公司的免费清单吧。
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:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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