Huaneng Power International, Inc.'s (HKG:902) Largest Shareholders Are Private Companies With 53% Ownership, Individual Investors Own 27%
Huaneng Power International, Inc.'s (HKG:902) Largest Shareholders Are Private Companies With 53% Ownership, Individual Investors Own 27%
Key Insights
主要見解
- Huaneng Power International's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- A total of 3 investors have a majority stake in the company with 51% ownership
- 21% of Huaneng Power International is held by Institutions
- 華能國際電力股份的重要非公有制企業股權表明關鍵決策受到更大公衆股東的影響。
- 總計3名投資者持有該公司51%的所有權。
- 華能國際電力股份有21%的機構持股。
To get a sense of who is truly in control of Huaneng Power International, Inc. (HKG:902), it is important to understand the ownership structure of the business. With 53% stake, private companies possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要對華能國際電力股份公司(HKG:902)真正控制權產生的人有所了解,了解業務的所有權結構非常重要。擁有53%的股份,私人公司擁有該公司最多的股份。換句話說,該集團有望在其對該公司的投資中獲得最大的投資回報(或者承擔最大的投資損失)。
Meanwhile, individual investors make up 27% of the company's shareholders.
同時,個人投資者佔該公司股東的27%。
In the chart below, we zoom in on the different ownership groups of Huaneng Power International.
在下面的圖表中,我們將重點關注華能國際電力股份的不同所有權集團。
![1724373398617](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240823/42762894-0-94d922e98a7ece3357fe1fc683f8f620.webp/bigjpg)
What Does The Institutional Ownership Tell Us About Huaneng Power International?
機構持股對華能國際電力股份有何影響?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
機構投資者通常將自己的回報與常見的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。
Huaneng Power International already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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 Huaneng Power International, (below). Of course, keep in mind that there are other factors to consider, too.
華能國際電力股份已經有機構在股東名冊中。事實上,他們在公司中擁有可觀的股份。這意味着那些機構的分析師們已經看過這支股票,並且認爲它具有吸引力。但就像其他人一樣,他們也可能犯錯。如果兩家大型機構投資者同時試圖賣出一支股票,很常見會看到股價大幅下跌。因此,值得檢查華能國際電力股份的過去盈利趨勢(見下圖)。當然,還要考慮其他因素。
![1724373399545](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240823/42762894-1-4f451a24019faeaa5ffa4b9a8ba18886.webp/bigjpg)
We note that hedge funds don't have a meaningful investment in Huaneng Power International. Looking at our data, we can see that the largest shareholder is China Huaneng Group Co., Ltd. with 45% of shares outstanding. With 3.1% and 3.0% of the shares outstanding respectively, Hebei Province Construction & Investment Group Co.,Ltd and China Securities Finance Corp, Asset Management Arm are the second and third largest shareholders.
我們注意到對於華能國際電力股份有限公司,對沖基金並沒有意義的投資。 根據我們的數據,我們可以看到最大的股東是中國華能集團有限公司,持有45%的股份。 而河北省建設投資集團有限公司和中國證券金融股份有限公司的資產管理部分別持有3.1%和3.0%的股份,屬於第二和第三大股東。
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
經過更深入的挖掘,我們發現前3大股東共控制了公司股份的一半以上,這意味着他們有相當大的權力來影響公司的決策。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
儘管研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議也是一個好習慣,以深入了解股票的預期表現。有許多分析師對這支股票進行了覆蓋,因此了解他們的預測可能值得一試。
Insider Ownership Of Huaneng Power International
華能國際電力股份有限公司的內部所有權
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。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。
We note our data does not show any board members holding shares, personally. It is rare to see such a low level of personal ownership, amongst the board (and it is possible that our data might be incomplete). Concerned investors should check here to see if insiders have been selling or buying.
我們注意到我們的數據沒有顯示任何董事會成員持有股票。在董事會中看到這麼低的個人持股水平是很少見的(我們的數據可能不完整)。關注投資者應查看此處以查看內部人是否一直在買賣。
General Public Ownership
一般大衆所有權
The general public, who are usually individual investors, hold a 27% stake in Huaneng Power International. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
作爲通常是散戶投資者的普通大衆,在華能國際電力股份持有27%的股份。 儘管這個群體不能確定地看漲,但它肯定對公司的運營有着真正的影響力。
Private Company Ownership
私有公司的所有權
We can see that Private Companies own 53%, of the shares on issue. 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.
我們可以看到,私營公司擁有發行股份的53%。 這可能值得深入研究。 如果相關方,如內部人員,在其中一傢俬營公司中有利益,那應在年度報告中披露。 私營公司對該公司也可能有戰略利益。
Next Steps:
下一步:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for Huaneng Power International you should be aware of, and 1 of them doesn't sit too well with us.
我發現查看公司的真正所有人非常有趣。 但要真正獲得見解,我們還需要考慮其他信息。 事實證明:我們發現了華能國際電力股份的2個警告信號,您應該注意,其中1個信號對我們來說不太好。
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
如果您像我一樣,可能希望考慮這家公司是否會增長或縮小。幸運的是,您可以查看此免費報告,顯示分析師對其未來的預測。
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。