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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

雖然投資珠海格力電器有限公司(深交所股票代碼:000651)的機構受益於上週5.0%的漲幅,但散戶投資者的收益最大
Simply Wall St ·  02/21 00:56

Key Insights

關鍵見解

  • 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%
  • 散戶投資者對珠海格力電器的大量所有權表明,他們在管理和業務戰略方面集體擁有更大的發言權
  • 45% 的業務由前 25 名股東持有
  • 珠海格力電器的機構所有權爲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).

如果你想知道誰真正控制着珠海格力電器有限公司(SZSE: 000651),那麼你必須看看其股票登記處的構成。散戶投資者擁有48%的股份,是該公司的最大股份。換句話說,該集團面臨最大的上行潛力(或下行風險)。

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.

儘管在上週股價上漲5.0%之後,散戶投資者是獲得最大收益的群體,但機構也獲得了22%的下調。

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

在下圖中,我們放大了珠海格力電器的不同所有權群體。

ownership-breakdown
SZSE:000651 Ownership Breakdown February 21st 2024
SZSE: 000651 所有權明細 2024 年 2 月 21 日

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

關於珠海格力電器,機構所有權告訴我們什麼?

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.

機構在向自己的投資者報告時通常會根據基準來衡量自己,因此,一旦股票被納入主要指數,他們通常會對股票更加熱情。我們預計大多數公司都會有一些機構在冊,尤其是在它們正在成長的情況下。

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.

珠海格力電器已經在股份登記處設有機構。事實上,他們擁有該公司可觀的股份。這意味着在這些機構工作的分析師已經看過這隻股票,他們很喜歡。但是就像其他人一樣,他們可能錯了。如果多家機構同時改變對股票的看法,你可能會看到股價快速下跌。因此,值得在下面查看珠海格力電器的收益記錄。當然,未來才是真正重要的。

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

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.

我們注意到,對沖基金沒有對珠海格力電器進行有意義的投資。該公司的最大股東是希爾豪斯投資管理有限公司,所有權爲17%。相比之下,第二和第三大股東持有約7.3%和3.7%的股份。此外,我們發現首席執行官董明珠擁有1.0%的股份以他們的名義分配。

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.

我們的研究表明,前25名股東共同控制的公司股份不到一半,這意味着該公司的股票分佈廣泛,沒有占主導地位的股東。

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.

研究機構所有權是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒也可以達到同樣的目的。有很多分析師在報道該股,因此可能也值得一看他們的預測。

Insider Ownership Of Gree Electric Appliances of Zhuhai

珠海格力電器的內部人所有權

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.

儘管內部人士的確切定義可能是主觀的,但幾乎每個人都認爲董事會成員是內部人士。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員自己也是董事會成員。

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.

大多數人認爲內部所有權是積極的,因爲這可能表明董事會與其他股東關係良好。但是,在某些情況下,過多的權力集中在該群體中。

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.

我們可以報告說,內部人士確實擁有珠海格力電器有限公司的股份。內部人士持有價值24億元人民幣的大量股份。很高興看到這樣的投資水平。你可以在這裏查看這些內部人士最近是否在買入。

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.

公衆通常是個人投資者,持有珠海格力電器48%的股份。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。

Private Equity Ownership

私募股權所有權

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.

私募股權公司擁有17%的所有權,可以在制定以價值創造爲重點的公司戰略方面發揮作用。有時我們會看到私募股權長期存在,但總的來說,它們的投資期限較短,而且顧名思義,對上市公司的投資並不多。一段時間後,他們可能會考慮出售資本並將其重新部署到其他地方。

Private Company Ownership

私人公司所有權

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.

我們可以看到,私人公司擁有11%的已發行股份。私人公司可能是關聯方。有時,內部人士通過持有私營公司的股權而對上市公司感興趣,而不是以個人身份獲得權益。雖然很難得出任何廣泛的中風結論,但值得注意的是,這是一個有待進一步研究的領域。

Next Steps:

後續步驟:

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.

我覺得看看究竟誰擁有一家公司非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,投資風險的幽靈無處不在。我們已經確定了珠海格力電器的一個警告信號,我們知道它們應該是您投資過程的一部分。

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.

但歸根結底,決定這家企業所有者的表現的是未來,而不是過去。因此,我們認爲最好看一下這份免費報告,該報告顯示了分析師是否預測了更光明的未來。

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:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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