If you want to know who really controls Joy Kie Corporation Limited. (SZSE:300994), then you'll have to look at the makeup of its share registry. We can see that individual insiders own the lion's share in the company with 67% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
Clearly, insiders benefitted the most after the company's market cap rose by CN¥573m last week.
Let's take a closer look to see what the different types of shareholders can tell us about Joy Kie.
See our latest analysis for Joy Kie
SZSE:300994 Ownership Breakdown December 8th 2022
What Does The Institutional Ownership Tell Us About Joy Kie?
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.
We can see that Joy Kie does have institutional investors; and they hold a good portion of the company's stock. 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. 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 Joy Kie, (below). Of course, keep in mind that there are other factors to consider, too.
SZSE:300994 Earnings and Revenue Growth December 8th 2022
We note that hedge funds don't have a meaningful investment in Joy Kie. With a 33% stake, CEO Zheng Li is the largest shareholder. With 18% and 15% of the shares outstanding respectively, Zhiyong Lu and Yuguang Li are the second and third largest shareholders. Note that two of the top three shareholders are also Senior Key Executive and Member of the Board of Directors, respectively, once again pointing to significant ownership by company insiders.
After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
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 plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of Joy Kie
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.
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.
Our information suggests that insiders own more than half of Joy Kie Corporation Limited.. This gives them effective control of the company. Given it has a market cap of CN¥4.5b, that means they have CN¥3.0b worth of shares. Most would argue this is a positive, showing strong alignment with shareholders. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 19% stake in the company, and hence can't easily be ignored. 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.
Private Company Ownership
It seems that Private Companies own 6.9%, of the Joy Kie stock. 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.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Joy Kie better, we need to consider many other factors. Be aware that Joy Kie is showing 1 warning sign in our investment analysis , you should know about...
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.
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.
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.
如果你想知道誰真正控制了joy股份有限公司。(SZSE:300994),那麼您將不得不查看其股票註冊表的構成。我們可以看到,個人內部人士擁有公司的最大份額,擁有67%的股份。換句話説,該集團面臨着最大的上行潛力(或下行風險)。
顯然,在上週該公司市值增加5.73億元后,內部人士受益最大。
讓我們仔細看看不同類型的股東能告訴我們關於joy的什麼。
請看我們對joy·凱的最新分析
深交所:300994股權明細2022年12月8日
關於joy·柯,機構所有制告訴了我們什麼?
機構投資者通常將自己的回報與經常跟蹤的指數的回報進行比較。因此,他們通常確實會考慮收購被納入相關基準指數的較大公司。
我們可以看到,joy科確實有機構投資者,他們持有公司很大一部分股票。這表明在專業投資者中有一定的可信度。但我們不能僅僅依靠這一事實,因為機構有時會做出糟糕的投資,就像每個人一樣。如果兩個大型機構投資者試圖同時拋售一隻股票,股價大幅下跌的情況並不少見。因此,值得關注的是joy柯過去的盈利軌跡(下圖)。當然,請記住,還有其他因素需要考慮。
深圳證交所:300994收益和收入增長2022年12月8日
我們注意到,對衝基金對joy並沒有什麼有意義的投資。首席執行官鄭Li持有33%的股份,是其最大股東。智勇Lu和宇光Li分別持有18%和15%的流通股,是第二大和第三大股東。請注意,前三名股東中有兩名分別是高級關鍵行政人員和董事會成員,這再次表明公司內部人士擁有大量股份。
在進一步挖掘後,我們發現,前兩名股東共同控制着公司一半以上的股份,這意味着他們擁有相當大的權力來影響公司的決策。
雖然研究一家公司的機構所有權數據是有意義的,但研究分析師的情緒以瞭解風向也是有意義的。有很多分析師在追蹤這隻股票,所以他們的預測可能也是值得的。
Joy·凱的內部人所有權
公司內部人的定義可能是主觀的,而且在不同的司法管轄區之間確實有所不同。我們的數據反映了個別內部人士,至少捕捉到了董事會成員。管理層最終要向董事會負責。然而,經理人擔任執行董事會成員並不少見,尤其是如果他們是創始人或首席執行官的話。
內部人持股是積極的,當它標誌着領導層像公司的真正所有者一樣思考時。然而,高內部人持股也可以給公司內部的一個小團體帶來巨大的權力。在某些情況下,這可能是負面的。
我們的信息顯示,內部人士擁有joy股份有限公司一半以上的股份。這讓他們有效地控制了公司。鑑於它的市值為人民幣45億元,這意味着他們擁有價值人民幣30億元的股票。大多數人會辯稱,這是積極的,表明了與股東的強烈一致。你可以點擊這裏,看看這些內部人士是一直在買入還是賣出。
一般公有制
包括散户投資者在內的普通公眾持有該公司19%的股份,因此不能輕易忽視。這種規模的所有權雖然可觀,但如果決策與其他大股東不同步,可能不足以改變公司政策。
私營公司所有權
看來,民營企業持有joy科股票的6.9%。私營公司可能是關聯方。有時,內部人士通過持有一傢俬人公司來對上市公司感興趣,而不是以個人身份。雖然很難得出任何大致的中風結論,但值得注意的是,這是一個值得進一步研究的領域。
接下來的步驟:
擁有一家公司股票的不同集團總是值得考慮的。但要更好地理解joy·柯,我們還需要考慮許多其他因素。請注意,joy·凱正在展示在我們的投資分析中出現1個警告信號,你應該知道關於……
但最終這就是未來,而不是過去,這將決定這家企業的所有者將做得多好。因此,我們認為,看看這份免費報告是明智的,它顯示了分析師是否預測到了更光明的未來。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。