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The Recent CN¥368m Market Cap Decrease Is Likely to Have Disappointed Insiders Invested in Shanxi Huhua Group Co., Ltd. (SZSE:003002)

The Recent CN¥368m Market Cap Decrease Is Likely to Have Disappointed Insiders Invested in Shanxi Huhua Group Co., Ltd. (SZSE:003002)

近期3.68亿元人民币市值的下跌可能令投资山西沪华集团股份有限公司(SZSE: 003002)的内部人士失望
Simply Wall St ·  2023/04/25 18:37

Key Insights

主要见解

  • Shanxi Huhua Group's significant insider ownership suggests inherent interests in company's expansion
  • The top 2 shareholders own 57% of the company
  • Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
  • 山西虎华集团的重大内部人持股表明了公司扩张的内在利益
  • 最大的两个股东拥有公司57%的股份
  • 一家公司过去的业绩以及所有权数据有助于对该公司的前景有一个很强的了解

Every investor in Shanxi Huhua Group Co., Ltd. (SZSE:003002) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 35% to be precise, is individual insiders. Put another way, the group faces the maximum upside potential (or downside risk).

山西沪华集团股份有限公司(深交所股票代码:003002)的每一位投资者都应该意识到最强大的股东群体。持有该公司股份最多的集团,准确地说约为35%,是个人内部人士。换句话说,该集团面临着最大的上行潜力(或下行风险)。

And following last week's 9.5% decline in share price, insiders suffered the most losses.

继上周股价下跌9.5%之后,内部人士遭受的损失最大。

In the chart below, we zoom in on the different ownership groups of Shanxi Huhua Group.

在下面的图表中,我们放大了山西虎华集团的不同所有制集团。

See our latest analysis for Shanxi Huhua Group

查看我们对山西虎华集团的最新分析

ownership-breakdown
SZSE:003002 Ownership Breakdown April 25th 2023
深交所:003002所有权明细2023年4月25日

What Does The Institutional Ownership Tell Us About Shanxi Huhua Group?

关于山西虎华集团,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。

As you can see, institutional investors have a fair amount of stake in Shanxi Huhua Group. 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 Shanxi Huhua Group's historic earnings and revenue below, but keep in mind there's always more to the story.

如你所见,机构投资者在山西虎华集团持有相当数量的股份。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。你可以在下面看到山西虎华集团的历史收益和营收,但请记住,故事中总是有更多的内容。

earnings-and-revenue-growth
SZSE:003002 Earnings and Revenue Growth April 25th 2023
深圳证交所:003002收益和收入增长2023年4月25日

We note that hedge funds don't have a meaningful investment in Shanxi Huhua Group. Yuezhong Qin is currently the largest shareholder, with 31% of shares outstanding. With 27% and 2.0% of the shares outstanding respectively, Changzhi Fangyuan Investment Co., Ltd. and Shanghai Xuanding Asset Management Co., Ltd. are the second and third largest shareholders.

我们注意到,对冲基金没有对山西虎华集团进行有意义的投资。秦月中目前是第一大股东,持有31%的流通股。长治方圆投资有限公司和上海宣鼎资产管理有限公司分别持有27%和2.0%的流通股,是第二大股东和第三大股东。

A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 57% stake.

对股东登记的更详细的研究表明,两个最大的股东通过他们57%的股份在公司拥有相当大的所有权。

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. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

虽然研究一家公司的机构持股可以增加你的研究价值,但研究分析师的建议以更深入地了解一只股票的预期表现也是一个很好的做法。目前,我们没有注意到分析师对该股的报道,因此该公司不太可能被广泛持有。

Insider Ownership Of Shanxi Huhua Group

山西虎华集团的内部人持股

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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。公司管理层管理企业,但首席执行官将向董事会负责,即使他或她是董事会成员。

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.

我通常认为内部人持股是一件好事。然而,在某些情况下,这会让其他股东更难让董事会对决策负责。

Our most recent data indicates that insiders own a reasonable proportion of Shanxi Huhua Group Co., Ltd.. Insiders have a CN¥1.2b stake in this CN¥3.5b 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.

我们的最新数据显示,内部人士持有山西虎华集团有限公司相当比例的股份。业内人士在这笔35亿元人民币的业务中持有12亿元人民币的股份。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

With a 31% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Shanxi Huhua Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

持有31%股权的普通公众,主要由个人投资者组成,对山西沪华集团有一定程度的影响力。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 Company Ownership

私营公司所有权

We can see that Private Companies own 28%, of the shares on issue. 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.

我们可以看到,私营公司拥有28%的已发行股份。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:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - Shanxi Huhua Group has 1 warning sign we think you should be aware of.

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。以风险为例-山西虎华集团1个警告标志我们认为你应该意识到。

If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data.

如果你更愿意看看另一家公司--一家财务状况可能更好的公司--那么不要错过这一点免费令人感兴趣的公司名单,有强劲的财务数据支持。

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。

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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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