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China State Construction Engineering Corporation Limited's (SHSE:601668) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged CN¥12b Last Week

China State Construction Engineering Corporation Limited's (SHSE:601668) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged CN¥12b Last Week

中國建築工程股份有限公司(SHSE: 601668)的最大股東是私營公司,上週市值飆升120億元人民幣,他們獲得了回報
Simply Wall St ·  04/19 20:36

Key Insights

關鍵見解

  • The considerable ownership by private companies in China State Construction Engineering indicates that they collectively have a greater say in management and business strategy
  • China Construction Engineering Corp. owns 57% of the company
  • Institutional ownership in China State Construction Engineering is 12%
  • 私營公司在中國建築工程總公司擁有大量所有權,這表明它們在管理和業務戰略方面集體擁有更大的發言權
  • 中國建築工程總公司擁有該公司57%的股份
  • 中國建築工程的機構所有權爲12%

A look at the shareholders of China State Construction Engineering Corporation Limited (SHSE:601668) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 57% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

看看中國建築工程股份有限公司(SHSE: 601668)的股東可以告訴我們哪個集團最強大。而持有最大份額的集團是擁有57%所有權的私營公司。換句話說,該集團將從對公司的投資中獲得最多(或損失最大)。

As a result, private companies collectively scored the highest last week as the company hit CN¥224b market cap following a 5.7% gain in the stock.

結果,上週私營公司總得分最高,該公司的市值在股價上漲5.7%後達到2240億元人民幣。

Let's delve deeper into each type of owner of China State Construction Engineering, beginning with the chart below.

讓我們從下圖開始,深入研究中國建築工程的每種類型的所有者。

ownership-breakdown
SHSE:601668 Ownership Breakdown April 20th 2024
SHSE: 601668 所有權明細 2024 年 4 月 20 日

What Does The Institutional Ownership Tell Us About China State Construction Engineering?

關於中國建築工程,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。

As you can see, institutional investors have a fair amount of stake in China State Construction Engineering. 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. 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 China State Construction Engineering's earnings history below. Of course, the future is what really matters.

如你所見,機構投資者在中國建築工程公司擁有相當數量的股份。這表明專業投資者有一定的信譽。但是我們不能僅僅依靠這個事實,因爲機構有時會像所有人一樣進行不良投資。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,值得在下面查看中國建築工程的收益記錄。當然,未來才是真正重要的。

earnings-and-revenue-growth
SHSE:601668 Earnings and Revenue Growth April 20th 2024
SHSE: 601668 2024 年 4 月 20 日收益和收入增長

Hedge funds don't have many shares in China State Construction Engineering. China Construction Engineering Corp. is currently the company's largest shareholder with 57% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. With 3.0% and 1.4% of the shares outstanding respectively, China Securities Finance Corp, Asset Management Arm and Central Huijin Asset Management Ltd. are the second and third largest shareholders.

對沖基金在中國建築工程的股份不多。中國建築工程集團公司目前是該公司的最大股東,已發行股份的57%。由於所有權持有如此巨額的股份,我們推斷他們對公司的未來擁有重大控制權。中國證券金融公司、資產管理部門和中央匯金資產管理有限公司分別佔已發行股份的3.0%和1.4%,是第二和第三大股東。

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 a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

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。有相當數量的分析師在報道該股,因此了解他們對未來的總體看法可能很有用。

Insider Ownership Of China State Construction Engineering

中國建築工程的內部所有權

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.

公司內部人員的定義可能是主觀的,並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人內部人士,至少涵蓋了董事會成員。管理層最終對董事會負責。但是,經理成爲執行委員會成員的情況並不少見,尤其是當他們是創始人或首席執行官時。

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.

當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。

We note our data does not show any board members holding shares, personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here.

我們注意到,我們的數據並未顯示任何董事會成員個人持有股份。鑑於我們沒有獲得內部所有權,我們可能缺少數據。因此,在這裏評估首席執行官的薪酬和任期會很有趣。

General Public Ownership

一般公有制

The general public-- including retail investors -- own 31% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

包括散戶投資者在內的公衆擁有該公司31%的股份,因此不容忽視。儘管這個群體不一定能做主,但它肯定會對公司的運作方式產生真正的影響。

Private Company Ownership

私人公司所有權

We can see that Private Companies own 57%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

我們可以看到,私人公司擁有57%的已發行股份。僅憑這一事實很難得出任何結論,因此值得研究誰擁有這些私營公司。有時,內部人士或其他關聯方通過單獨的私人公司對上市公司的股份擁有權益。

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. For instance, we've identified 1 warning sign for China State Construction Engineering that you should be aware of.

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,我們已經確定了中國建築工程總公司的一個警告標誌,你應該注意這一點。

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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