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Private Companies Among China Everbright Limited's (HKG:165) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 7.5% Last Week

Private Companies Among China Everbright Limited's (HKG:165) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 7.5% Last Week

上周股价上涨7.5%后,中国光大控股有限公司(HKG:165)最大股东中的私营公司的持股价值有所上涨
Simply Wall St ·  05/02 20:25

Key Insights

关键见解

  • China Everbright's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
  • A total of 2 investors have a majority stake in the company with 59% ownership
  • Institutional ownership in China Everbright is 17%
  • 中国光大控股的大量私营公司所有权表明,关键决策受广大公众股东的影响
  • 共有2名投资者拥有该公司的多数股权,拥有59%的所有权
  • 中国光大控股的机构所有权为17%

If you want to know who really controls China Everbright Limited (HKG:165), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 50% to be precise, is private companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

如果你想知道谁真正控制着中国光大控股有限公司(HKG: 165),那么你必须看看其股票登记处的构成。持有该公司股份最多的集团是私营公司,准确地说约为50%。换句话说,该集团将从对公司的投资中获得最多(或损失最大)。

As a result, private companies collectively scored the highest last week as the company hit HK$7.2b market cap following a 7.5% gain in the stock.

结果,上周私营公司总得分最高,该公司的市值在股价上涨7.5%后达到72亿港元。

Let's take a closer look to see what the different types of shareholders can tell us about China Everbright.

让我们仔细看看不同类型的股东能告诉我们有关中国光大控股的哪些信息。

ownership-breakdown
SEHK:165 Ownership Breakdown May 3rd 2024
SEHK: 165 所有权明细 2024 年 5 月 3 日

What Does The Institutional Ownership Tell Us About China Everbright?

关于中国光大,机构所有权告诉我们什么?

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.

机构投资者通常将自己的回报与常见指数的回报进行比较。因此,他们通常会考虑收购相关基准指数中包含的大型公司。

We can see that China Everbright does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 China Everbright's historic earnings and revenue below, but keep in mind there's always more to the story.

我们可以看到,中国光大控股确实有机构投资者;他们持有该公司很大一部分股票。这可能表明该公司在投资界具有一定程度的信誉。但是,最好谨慎地依赖机构投资者所谓的验证。他们有时也会弄错。当多家机构拥有一只股票时,总是存在处于 “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出售股票。对于没有增长历史的公司,这种风险更高。你可以在下面看到中国光大控股的历史收益和收入,但请记住,故事总是有更多内容。

earnings-and-revenue-growth
SEHK:165 Earnings and Revenue Growth May 3rd 2024
SEHK: 165 2024 年 5 月 3 日收益和收入增长

China Everbright is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is China Everbright Group Ltd. with 50% of shares outstanding. With 9.0% and 2.2% of the shares outstanding respectively, Citic-Prudential Life Insurance Co., Ltd, Asset Management Arm and UBS Asset Management AG are the second and third largest shareholders.

中国光大控股不归对冲基金所有。从我们的数据来看,我们可以看到最大股东是中国光大集团有限公司,已发行股份的50%。中信保诚人寿保险有限公司、资产管理部门和瑞银资产管理股份公司分别占已发行股份的9.0%和2.2%,是第二和第三大股东。

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

为了使我们的研究更有趣,我们发现前两名股东拥有公司的多数股权,这意味着他们足够强大,足以影响公司的决策。

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. There is some analyst coverage of the stock, but it could still become more well known, with time.

虽然研究公司的机构所有权可以为您的研究增加价值,但研究分析师的建议以更深入地了解股票的预期表现也是一种好做法。有一些分析师对这只股票的报道,但随着时间的推移,它仍可能变得更加广为人知。

Insider Ownership Of China Everbright

中国光大控股的内部所有权

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.

公司内部人员的定义可能是主观的,并且在不同的司法管辖区之间确实有所不同。我们的数据反映了个人内部人士,至少涵盖了董事会成员。管理层最终对董事会负责。但是,经理成为执行委员会成员的情况并不少见,尤其是当他们是创始人或首席执行官时。

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。

Our information suggests that China Everbright Limited insiders own under 1% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. It seems the board members have no more than HK$1.1m worth of shares in the HK$7.2b company. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying.

我们的信息表明,中国光大控股内部人士拥有该公司不到1%的股份。但是,内部人士有可能通过更复杂的结构获得间接利益。看来董事会成员在这家72亿港元的公司中持有的股份不超过110万港元。我们通常希望看到董事会投入更多资金。但是,可能值得检查这些内部人士是否在买入。

General Public Ownership

一般公有制

With a 34% ownership, the general public, mostly comprising of individual investors, have some degree of sway over China Everbright. 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.

中国光大控股拥有34%的所有权,主要是个人投资者,对中国光大控股有一定程度的影响力。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 Company Ownership

私人公司所有权

It seems that Private Companies own 50%, of the China Everbright 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.

私人公司似乎拥有中国光大控股50%的股份。私营公司可能是关联方。有时,内部人士通过控股私营公司而对上市公司拥有权益,而不是以个人身份拥有权益。尽管很难得出任何宽泛的结论,但值得注意的是,这是一个需要进一步研究的领域。

Next Steps:

后续步骤:

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 - China Everbright has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.

尽管值得考虑拥有公司的不同群体,但还有其他因素更为重要。以风险为例——中国光大控股有3个警告标志(其中2个不容忽视),我们认为你应该知道。

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。

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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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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