China Railway Prefabricated Construction Co., Ltd's (SZSE:300374) Stock Price Dropped 11% Last Week; Retail Investors Would Not Be Happy
China Railway Prefabricated Construction Co., Ltd's (SZSE:300374) Stock Price Dropped 11% Last Week; Retail Investors Would Not Be Happy
Key Insights
主要見解
- Significant control over China Railway Prefabricated Construction by retail investors implies that the general public has more power to influence management and governance-related decisions
- A total of 3 investors have a majority stake in the company with 52% ownership
- 25% of China Railway Prefabricated Construction is held by insiders
- 零售投資者對中鐵裝配的重要控制意味着,普通公衆具有更多影響管理和治理方面決策的權力。
- 共有3位投資者佔公司的多數股權,擁有52%的所有權。
- 中鐵裝配的25%控股歸內部人士持有。
A look at the shareholders of China Railway Prefabricated Construction Co., Ltd (SZSE:300374) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are retail investors with 40% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
看中國中鐵裝配有哪些股東可以告訴我們哪個集團最強大。佔據最大份額的是零售投資者,佔據40%的所有權。換句話說,該集團將從其對公司的投資中獲得(或失去)最多。
As market cap fell to CN¥3.3b last week, retail investors would have faced the highest losses than any other shareholder groups of the company.
隨着市值上週跌至33億元,零售投資者將面臨公司股票損失中最高的股東群體。
In the chart below, we zoom in on the different ownership groups of China Railway Prefabricated Construction.
以下圖表中,我們將放大中國中鐵裝配的不同所有權集團。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240816/0-abf17079811bbd525539107ec405cb01-0-7e3c980c1c91f2d1b298000913f6c7c4.png/big)
What Does The Institutional Ownership Tell Us About China Railway Prefabricated Construction?
機構持股人對中國中鐵裝配的意見如何?
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.
許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。
China Railway Prefabricated Construction already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 China Railway Prefabricated Construction, (below). Of course, keep in mind that there are other factors to consider, too.
中國中鐵裝配的股份登記簿上已經有機構持股。事實上,他們持有公司的可觀股份。這表明專業投資者中存在一定的信譽。但我們不能僅憑這一事實,因爲機構有時會做出糟糕的投資,就像每個人一樣。如果兩個大型機構投資者想同時拋售一隻股票,看到股價大幅下跌也很常見。因此,值得檢查中鐵裝配過去的收益軌跡(見下文)。當然,也要記住還有其他需要考慮的因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240816/0-abf17079811bbd525539107ec405cb01-1-da1a13acccc4fe94b8797ae1635f688f.png/big)
We note that hedge funds don't have a meaningful investment in China Railway Prefabricated Construction. Looking at our data, we can see that the largest shareholder is China Railway Group Limited with 27% of shares outstanding. In comparison, the second and third largest shareholders hold about 20% and 5.1% of the stock.
我們注意到,對於中國中鐵裝配來說,對沖基金沒有實際意義的投資。從我們的數據中可以看到,中國中鐵集團有27%的流通股佔比最大。相比之下,第二大和第三大股東持有約20%和5.1%的股份。
To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
總的來說,包括散戶投資者在內,公衆擁有公司的14%的股份,因此不能輕易忽視。儘管這種所有權的規模可能不足以在他們的利益方面影響政策決策,但他們仍然可以對公司政策產生集體影響。
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. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
研究機構所有權是衡量和篩選股票預期表現的好方法。研究分析師的看法也可以達到同樣的效果。股票的分析師覆蓋率很低,但不多。因此,可以有更多的空間來增加其覆蓋範圍。
Insider Ownership Of China Railway Prefabricated Construction
中國中鐵裝配的內部持股情況
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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
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是不同的。我們的數據反映了個別內部人員,至少捕捉到了董事會成員。公司管理業務,但首席執行官即使是董事會成員也必須向董事會負責。
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.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
It seems insiders own a significant proportion of China Railway Prefabricated Construction Co., Ltd. Insiders own CN¥830m worth of shares in the CN¥3.3b 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.
中國中鐵裝配有相當比例的內部人士持股。內部人士在該33億人民幣公司中持有8300萬人民幣的股份。這可能表明創始人仍然擁有很多股份。可以單擊此處查看他們是否一直在買入或賣出。
General Public Ownership
一般大衆所有權
With a 40% ownership, the general public, mostly comprising of individual investors, have some degree of sway over China Railway Prefabricated Construction. 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.
普通公衆大約持有中鐵裝配的40%股權,主要由個人投資者組成。雖然這種所有權大小可能不足以在政策決策中產生影響,但他們仍然可以對公司政策產生集體影響。
Public Company Ownership
上市公司所有權
Public companies currently own 27% of China Railway Prefabricated Construction stock. 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.
公共公司目前持有中鐵裝配27%的股票。這可能是戰略利益,兩家公司可能存在相關業務利益。也可能是它們進行了分拆。這種持股情況可能值得進一步調查。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
雖然考慮所有擁有一家公司的群體很重要,但還有其他更重要的因素。
I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.
我總是喜歡查看營業收入增長的歷史記錄,你也可以免費訪問這個詳細圖表中的歷史營收和收益圖表。
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。
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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。