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While Institutions Invested in Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) Benefited From Last Week's 5.0% Gain, Retail Investors Stood to Gain the Most

While Institutions Invested in Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) Benefited From Last Week's 5.0% Gain, Retail Investors Stood to Gain the Most

虽然投资珠海格力电器有限公司(深交所股票代码:000651)的机构受益于上周5.0%的涨幅,但散户投资者的收益最大
Simply Wall St ·  02/21 00:56

Key Insights

关键见解

  • The considerable ownership by retail investors in Gree Electric Appliances of Zhuhai indicates that they collectively have a greater say in management and business strategy
  • 45% of the business is held by the top 25 shareholders
  • Institutional ownership in Gree Electric Appliances of Zhuhai is 22%
  • 散户投资者对珠海格力电器的大量所有权表明,他们在管理和业务战略方面集体拥有更大的发言权
  • 45% 的业务由前 25 名股东持有
  • 珠海格力电器的机构所有权为22%

If you want to know who really controls Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651), then you'll have to look at the makeup of its share registry. With 48% stake, retail investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

如果你想知道谁真正控制着珠海格力电器有限公司(SZSE: 000651),那么你必须看看其股票登记处的构成。散户投资者拥有48%的股份,是该公司的最大股份。换句话说,该集团面临最大的上行潜力(或下行风险)。

While retail investors were the group that reaped the most benefits after last week's 5.0% price gain, institutions also received a 22% cut.

尽管在上周股价上涨5.0%之后,散户投资者是获得最大收益的群体,但机构也获得了22%的下调。

In the chart below, we zoom in on the different ownership groups of Gree Electric Appliances of Zhuhai.

在下图中,我们放大了珠海格力电器的不同所有权群体。

ownership-breakdown
SZSE:000651 Ownership Breakdown February 21st 2024
SZSE: 000651 所有权明细 2024 年 2 月 21 日

What Does The Institutional Ownership Tell Us About Gree Electric Appliances of Zhuhai?

关于珠海格力电器,机构所有权告诉我们什么?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

机构在向自己的投资者报告时通常会根据基准来衡量自己,因此,一旦股票被纳入主要指数,他们通常会对股票更加热情。我们预计大多数公司都会有一些机构在册,尤其是在它们正在成长的情况下。

Gree Electric Appliances of Zhuhai 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 Gree Electric Appliances of Zhuhai's earnings history below. Of course, the future is what really matters.

珠海格力电器已经在股份登记处设有机构。事实上,他们拥有该公司可观的股份。这意味着在这些机构工作的分析师已经看过这只股票,他们很喜欢。但是就像其他人一样,他们可能错了。如果多家机构同时改变对股票的看法,你可能会看到股价快速下跌。因此,值得在下面查看珠海格力电器的收益记录。当然,未来才是真正重要的。

earnings-and-revenue-growth
SZSE:000651 Earnings and Revenue Growth February 21st 2024
SZSE: 000651 2024年2月21日收益和收入增长

We note that hedge funds don't have a meaningful investment in Gree Electric Appliances of Zhuhai. The company's largest shareholder is Hillhouse Investment Management, Ltd., with ownership of 17%. In comparison, the second and third largest shareholders hold about 7.3% and 3.7% of the stock. In addition, we found that Ming Zhu Dong, the CEO has 1.0% of the shares allocated to their name.

我们注意到,对冲基金没有对珠海格力电器进行有意义的投资。该公司的最大股东是希尔豪斯投资管理有限公司,所有权为17%。相比之下,第二和第三大股东持有约7.3%和3.7%的股份。此外,我们发现首席执行官董明珠拥有1.0%的股份以他们的名义分配。

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

我们的研究表明,前25名股东共同控制的公司股份不到一半,这意味着该公司的股票分布广泛,没有占主导地位的股东。

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 plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

研究机构所有权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目的。有很多分析师在报道该股,因此可能也值得一看他们的预测。

Insider Ownership Of Gree Electric Appliances of Zhuhai

珠海格力电器的内部人所有权

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.

尽管内部人士的确切定义可能是主观的,但几乎每个人都认为董事会成员是内部人士。公司管理层对董事会负责,后者应代表股东的利益。值得注意的是,有时高层管理人员自己也是董事会成员。

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.

大多数人认为内部所有权是积极的,因为这可能表明董事会与其他股东关系良好。但是,在某些情况下,过多的权力集中在该群体中。

We can report that insiders do own shares in Gree Electric Appliances, Inc. of Zhuhai. The insiders have a meaningful stake worth CN¥2.4b. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.

我们可以报告说,内部人士确实拥有珠海格力电器有限公司的股份。内部人士持有价值24亿元人民币的大量股份。很高兴看到这样的投资水平。你可以在这里查看这些内部人士最近是否在买入。

General Public Ownership

一般公有制

The general public, who are usually individual investors, hold a 48% stake in Gree Electric Appliances of Zhuhai. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

公众通常是个人投资者,持有珠海格力电器48%的股份。尽管这种所有权规模可能不足以影响对他们有利的政策决定,但它们仍然可以对公司政策产生集体影响。

Private Equity Ownership

私募股权所有权

With an ownership of 17%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.

私募股权公司拥有17%的所有权,可以在制定以价值创造为重点的公司战略方面发挥作用。有时我们会看到私募股权长期存在,但总的来说,它们的投资期限较短,而且顾名思义,对上市公司的投资并不多。一段时间后,他们可能会考虑出售资本并将其重新部署到其他地方。

Private Company Ownership

私人公司所有权

We can see that Private Companies own 11%, 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,私人公司拥有11%的已发行股份。私人公司可能是关联方。有时,内部人士通过持有私营公司的股权而对上市公司感兴趣,而不是以个人身份获得权益。虽然很难得出任何广泛的中风结论,但值得注意的是,这是一个有待进一步研究的领域。

Next Steps:

后续步骤:

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. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Gree Electric Appliances of Zhuhai , and understanding them should be part of your investment process.

我觉得看看究竟谁拥有一家公司非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,投资风险的幽灵无处不在。我们已经确定了珠海格力电器的一个警告信号,我们知道它们应该是您投资过程的一部分。

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但归根结底,决定这家企业所有者的表现的是未来,而不是过去。因此,我们认为最好看一下这份免费报告,该报告显示了分析师是否预测了更光明的未来。

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:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。

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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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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