The Recent CN¥387m Market Cap Decrease Is Likely to Have Disappointed Insiders Invested in Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878)
The Recent CN¥387m Market Cap Decrease Is Likely to Have Disappointed Insiders Invested in Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878)
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. Key Insights
关键洞察
- Insiders appear to have a vested interest in Jiangsu Wujin Stainless Steel Pipe GroupLTD's growth, as seen by their sizeable ownership
- 52% of the business is held by the top 8 shareholders
- 22% of Jiangsu Wujin Stainless Steel Pipe GroupLTD is held by Institutions
- 内部人士似乎对江苏无锡不锈钢管集团有限公司的增长有既得利益，因为他们的持有比例相当可观
- 52%的业务由前8大股东持有。
- 22%的江苏无锡不锈钢管集团有限公司的股份由机构持有
To get a sense of who is truly in control of Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878), it is important to understand the ownership structure of the business. With 39% stake, individual insiders possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
要了解谁真正控制着江苏无锡不锈钢管集团有限公司（SHSE:603878），重要的是要理解该业务的所有权结构。个别内部人士持有39%的股份，是公司中股份最多的。这意味着，如果股票上涨，该集团将获得最多的收益（或者在出现下滑时遭受最多的损失）。
And last week, insiders endured the biggest losses as the stock fell by 10%.
上周，由于股票下跌了10%，内部人士承受了最大的损失。
Let's delve deeper into each type of owner of Jiangsu Wujin Stainless Steel Pipe GroupLTD, beginning with the chart below.
让我们深入探讨一下江苏无锡不锈钢管集团有限公司每种类型的股东，从下面的图表开始。
What Does The Institutional Ownership Tell Us About Jiangsu Wujin Stainless Steel Pipe GroupLTD?
机构股东对江苏武进不锈钢管集团有限公司的持股情况告诉我们什么？
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.
机构投资者通常将自己的回报与一个常见的指数回报进行比较。因此，他们通常会考虑购买纳入相关基准指数的大型公司股票。
Jiangsu Wujin Stainless Steel Pipe GroupLTD 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Jiangsu Wujin Stainless Steel Pipe GroupLTD's earnings history below. Of course, the future is what really matters.
江苏无锡不锈钢管集团有限公司已经在股票注册中有机构。这确实意味着他们在公司中拥有相当可观的股份。这表明那些机构的分析师已经研究过这只股票，并且他们喜欢它。但和其他任何人一样，他们也可能会出错。如果多家机构同时对一只股票改变看法，那么你可能会看到股价迅速下跌。因此，值得关注一下江苏无锡不锈钢管集团有限公司的营业收入历史。当然，未来才是最重要的。
We note that hedge funds don't have a meaningful investment in Jiangsu Wujin Stainless Steel Pipe GroupLTD. Guo Liang Zhu is currently the largest shareholder, with 18% of shares outstanding. In comparison, the second and third largest shareholders hold about 13% and 5.4% of the stock. Qi Zhu, who is the second-largest shareholder, also happens to hold the title of Senior Key Executive.
我们注意到对江苏吴渐不锈钢管集团有限公司的对冲基金没有有意义的投资。郭良竹目前是最大股东，持有18%的流通股份。相比之下，第二和第三大股东分别持有约13%和5.4%的股票。第二大股东齐竹恰好也担任高级关键执行官。
On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
经过进一步检查，我们发现公司超过一半的股份由前8大股东持有，这表明大股东的利益在一定程度上被小股东所平衡。
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 some analyst coverage of the stock, but it could still become more well known, with time.
研究机构的持股是评估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实现相同的目标。这只股票有一些分析师的覆盖，但随着时间的发展，它仍然有可能变得更加知名。
Insider Ownership Of Jiangsu Wujin Stainless Steel Pipe GroupLTD
江苏戊金不锈钢管集团有限公司的内部持股情况
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.
内部人的定义在不同国家之间可能略有不同，但董事会成员始终被算作内部人。管理层最终向董事会负责。然而，管理者成为执行董事会成员并不罕见，特别是当他们是创始人或首席执行官时。
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.
当内部持股显示领导层像真正的公司所有者一样思考时，这是积极的。然而，高比例的内部持股也可能给予公司内部小团体巨大的权力。在某些情况下，这可能是负面的。
Our information suggests that insiders maintain a significant holding in Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD.. It has a market capitalization of just CN¥3.3b, and insiders have CN¥1.3b worth of shares in their own names. 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.
我们的信息表明内部人士在江苏无锡不锈钢管集团有限公司持有相当数量的股份。该公司的市值仅为33亿人民币，内部人士以他们自己的名义持有价值13亿人民币的股份。这可能表明创始人仍然拥有大量股份。您可以点击这里查看他们是否有买入或卖出。
General Public Ownership
公众持股
The general public-- including retail investors -- own 34% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
公众——包括散户投资者——在公司中持有34%的股份，因此不容忽视。虽然这个群体不一定能决定公司的事务，但它确实可以对公司如何运营产生实际影响。
Private Company Ownership
私有公司所有权
Our data indicates that Private Companies hold 5.4%, 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.
我们的数据显示，私营公司持有该公司5.4%的股份。这可能值得深入研究。如果相关方，如内部人员，涉及这些私营公司中的一家，则应在年度报告中披露。私营公司也可能对该公司有战略利益。
Next Steps:
下一步：
It's always worth thinking about the different groups who own shares in a company. But to understand Jiangsu Wujin Stainless Steel Pipe GroupLTD better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Jiangsu Wujin Stainless Steel Pipe GroupLTD .
始终值得考虑拥有公司股份的不同群体。但要更好地了解江苏无锡不锈钢管集团有限公司，我们需要考虑许多其他因素。为此，您应该注意到我们发现的江苏无锡不锈钢管集团有限公司的1个警告信号。
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.
如果你像我一样，你可能想考虑这家公司是会增长还是缩小。幸运的是，你可以查看这份免费的报告，了解分析师对其未来的预测。
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：本文中的数字是根据过去十二个月的数据计算得出的，指的是截至财务报表日期的月份最后一天的12个月期间。这可能与完整年度的年报数字不一致。
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.
对本文有反馈？对内容有疑虑？请直接与我们联系。或者，发送电子邮件至 editorial-team (at) simplywallst.com。
这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议，也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均没有持仓。