Here's What New Horizon Health Limited's (HKG:6606) Shareholder Ownership Structure Looks Like
Here's What New Horizon Health Limited's (HKG:6606) Shareholder Ownership Structure Looks Like
A look at the shareholders of New Horizon Health Limited (HKG:6606) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don't tell me what you think, tell me what you have in your portfolio.
看一看新视野健康有限公司(HKG：6606)的股东，我们就知道哪个集团最有权势。大公司通常有机构作为股东，我们通常会看到内部人士持有小公司的股份。我通常喜欢看到一定程度的内部人持股，即使只是一小部分。正如纳西姆·尼古拉斯·塔勒布所说，不要告诉我你的想法，告诉我你的投资组合中有什么。
New Horizon Health isn't enormous, but it's not particularly small either. It has a market capitalization of HK$7.6b, which means it would generally expect to see some institutions on the share registry. In the chart below, we can see that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about New Horizon Health.
新地平线健康不是很大，但也不是特别小。它的市值为76亿港元，这意味着它通常预计会有一些机构出现在股票登记处。在下面的图表中，我们可以看到机构投资者买入了该公司的股票。我们可以放大不同的所有权组，了解有关New Horizon Health的更多信息。
View our latest analysis for New Horizon Health
查看我们对New Horizon Health的最新分析
What Does The Institutional Ownership Tell Us About New Horizon Health?
机构所有权告诉了我们关于新地平线健康的什么？
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.
许多机构以一个接近当地市场的指数来衡量它们的表现。因此，他们通常更关注那些被纳入主要指数的公司。
New Horizon Health 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see New Horizon Health's historic earnings and revenue below, but keep in mind there's always more to the story.
新地平线健康公司已经在股票登记处登记了机构。事实上，他们在该公司拥有可观的股份。这表明在专业投资者中有一定的可信度。但我们不能仅仅依靠这一事实，因为机构有时会做出糟糕的投资，就像每个人一样。当多家机构持有一只股票时，它们总是面临“拥挤交易”的风险。当这样的交易出错时，多方可能会竞相快速抛售股票。在一家没有增长历史的公司，这一风险更高。你可以在下面看到New Horizon Health的历史收益和收入，但请记住，故事中总是有更多的东西。
New Horizon Health is not owned by hedge funds. From our data, we infer that the largest shareholder is Yiyou Chen (who also holds the title of Chief Scientific Officer) with 11% of shares outstanding. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Qiming Weichuang Venture Capital Management (Shanghai) Company Limited is the second largest shareholder owning 8.4% of common stock, and Capital Research and Management Company holds about 6.2% of the company stock. Furthermore, CEO Yeqing Zhu is the owner of 3.5% of the company's shares.
新地平线健康并非由对冲基金所有。根据我们的数据，我们推断第一大股东是陈一友(他也拥有首席科学官的头衔)，持有11%的流通股。当内部人持有公司大量股份时，这通常被认为是一个好兆头，在这种情况下，我们很高兴看到公司内部人扮演关键利益相关者的角色。启明微创风险投资管理(上海)有限公司是第二大股东，持有8.4%的普通股，资本研究管理公司持有公司约6.2%的股份。此外，首席执行官朱业清持有该公司3.5%的股份。
We did some more digging and found that 8 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
我们做了更多的挖掘，发现大股东中有8个约占登记的52%，这意味着除了大股东外，还有一些小股东，从而在一定程度上平衡了彼此的利益。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
虽然研究一家公司的机构所有权数据是有意义的，但研究分析师的情绪以了解风向也是有意义的。有相当数量的分析师追踪该股，因此了解他们对未来的总体看法可能是有用的。
Insider Ownership Of New Horizon Health
新地平线健康的内部人所有权
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.
公司内部人的定义可能是主观的，而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别内部人士，至少捕捉到了董事会成员。管理层最终要向董事会负责。然而，经理人担任执行董事会成员并不少见，尤其是如果他们是创始人或首席执行官的话。
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.
大多数人认为内部人持股是积极的，因为它可以表明董事会与其他股东很好地结盟。然而，在某些情况下，太多的权力集中在这个群体中。
Our information suggests that insiders maintain a significant holding in New Horizon Health Limited. Insiders have a HK$1.5b stake in this HK$7.6b business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
我们的信息显示，内部人士持有新地平线健康有限公司的大量股份。在这笔76亿港元的交易中，内部人士持有15亿港元的股份。我们会说，这表明了与股东的一致，但值得注意的是，该公司仍相当小；一些内部人士可能创建了这家企业。你可以点击这里，看看这些内部人士是一直在买入还是卖出。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 23% 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.
包括散户投资者在内的普通公众持有该公司23%的股份，因此不能轻易忽视。虽然这群人不一定能发号施令，但它肯定能对公司的运营方式产生真正的影响。
Private Equity Ownership
私募股权所有权
Private equity firms hold a 19% stake in New Horizon Health. This suggests they can be influential in key policy decisions. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public.
私募股权公司持有新视野健康公司19%的股份。这表明，他们可以在关键的政策决策中发挥影响力。一些投资者可能会因此而受到鼓舞，因为私人股本有时能够鼓励有助于市场看到公司价值的策略。或者，这些持有者可能会在投资上市后退出。
Private Company Ownership
私营公司所有权
It seems that Private Companies own 8.3%, of the New Horizon Health stock. 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.
看来，私营公司持有新地平线健康公司8.3%的股票。或许有必要对此进行更深入的研究。如果关联方，如内部人士，对这些私营公司中的一家有利害关系，则应在年报中披露。私营公司也可能对该公司拥有战略利益。
Public Company Ownership
上市公司所有权
We can see that public companies hold 3.5% of the New Horizon Health shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
我们可以看到，上市公司持有新地平线健康已发行股票的3.5%。我们不能确定，但很有可能这是一个战略利益攸关方。这些业务可能是相似的，也可能是合作的。
Next Steps:
接下来的步骤：
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For example, we've discovered 2 warning signs for New Horizon Health that you should be aware of before investing here.
虽然考虑拥有一家公司的不同集团是很值得的，但还有其他更重要的因素。例如，我们发现新地平线健康的两个警告信号在这里投资之前你应该意识到这一点。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最终未来是最重要的。您可以访问此免费分析师对该公司的预测报告。
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：本文中的数字是使用过去12个月的数据计算的，指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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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.
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。