Private Companies Among China Tourism Group Duty Free Corporation Limited's (SHSE:601888) Largest Stockholders and Were Hit After Last Week's 5.6% Price Drop
Private Companies Among China Tourism Group Duty Free Corporation Limited's (SHSE:601888) Largest Stockholders and Were Hit After Last Week's 5.6% Price Drop
If you want to know who really controls China Tourism Group Duty Free Corporation Limited (SHSE:601888), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private companies with 50% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
如果你想知道谁真正控制了中国旅游集团免税股份有限公司(上交所代码：601888)，那么你就得看看其股票登记簿的构成。而持有这块蛋糕最大份额的是拥有50%股权的私营公司。也就是说，如果股价上涨，该集团将受益最大(如果股价下跌，该集团将损失最大)。
And last week, private companies endured the biggest losses as the stock fell by 5.6%.
上周，私营企业遭受了最大的损失，股价下跌了5.6%。
Let's take a closer look to see what the different types of shareholders can tell us about China Tourism Group Duty Free.
让我们仔细看看不同类型的股东能告诉我们什么关于中国旅游集团免税。
See our latest analysis for China Tourism Group Duty Free
请看我们对中国旅游集团免税的最新分析
What Does The Institutional Ownership Tell Us About China Tourism Group Duty Free?
关于中国旅游集团免税，机构持股告诉了我们什么？
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。
China Tourism Group Duty Free 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 China Tourism Group Duty Free, (below). Of course, keep in mind that there are other factors to consider, too.
中国旅游集团免税股份登记处已有机构。事实上，他们在该公司拥有可观的股份。这意味着为这些机构工作的分析师已经看过了这只股票，他们喜欢它。但就像其他人一样，他们也可能错了。如果两个大型机构投资者试图同时抛售一只股票，股价大幅下跌的情况并不少见。因此，值得查看中国旅游集团免税过去的盈利轨迹，(下图)。当然，请记住，还有其他因素需要考虑。
China Tourism Group Duty Free is not owned by hedge funds. China Tourism Group Corporation Limited is currently the company's largest shareholder with 50% of shares outstanding. This implies that they have majority interest control of the future of the company. In comparison, the second and third largest shareholders hold about 2.8% and 0.9% of the stock.
中国旅游集团免税不属于对冲基金所有。中国旅游集团有限公司目前是该公司的第一大股东，持有50%的流通股。这意味着他们对公司的未来拥有多数股权控制。相比之下，第二大股东和第三大股东分别持有约2.8%和0.9%的股份。
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 are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
研究机构持股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，也可以达到同样的效果。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 China Tourism Group Duty Free
中国旅游集团内部人士持股免税
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
尽管对内部人的准确定义可能是主观的，但几乎每个人都认为董事会成员是内部人。公司管理层对董事会负责，董事会应代表股东的利益。值得注意的是，有时最高层管理人员本身也是董事会成员。
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.
内部人持股是积极的，当它标志着领导层像公司的真正所有者一样思考时。然而，高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下，这可能是负面的。
Our data cannot confirm that board members are holding shares personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.
我们的数据不能证实董事会成员是个人持股。并不是所有司法管辖区都有关于披露内部人所有权的相同规则，在这里，我们可能遗漏了一些预期。因此，您可以单击此处了解有关这位CEO的更多信息。
General Public Ownership
一般公有制
The general public, who are usually individual investors, hold a 33% stake in China Tourism Group Duty Free. 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.
通常为个人投资者的普通公众持有中国旅游集团免税33%的股份。这种规模的所有权虽然可观，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
私营公司所有权
Our data indicates that Private Companies hold 50%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
我们的数据显示，私营公司持有该公司50%的股份。私营公司可能是关联方。有时，内部人士通过持有一家私人公司来对上市公司感兴趣，而不是以个人身份。虽然很难得出任何大致的中风结论，但值得注意的是，这是一个值得进一步研究的领域。
Next Steps:
接下来的步骤：
It's always worth thinking about the different groups who own shares in a company. But to understand China Tourism Group Duty Free better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for China Tourism Group Duty Free (of which 1 is potentially serious!) you should know about.
拥有一家公司股票的不同集团总是值得考虑的。但要更好地理解中国旅游集团免税，还需要考虑很多其他因素。比如风险。每家公司都有它们，我们已经发现中国旅游集团免税的4个警告标志(其中1人可能是严重的！)你应该知道。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你更愿意了解分析师对未来增长的预测，请不要错过这一预期免费关于分析师预测的报告。
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。