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Private Companies Own 33% of AVIC Heavy Machinery Co., Ltd. (SHSE:600765) Shares but Individual Investors Control 38% of the Company

Private Companies Own 33% of AVIC Heavy Machinery Co., Ltd. (SHSE:600765) Shares but Individual Investors Control 38% of the Company

私人公司擁有中航重機股份有限公司(上海證券交易所股份代號:600765)33% 股份,但個人投資者控制公司 38% 的股份
Simply Wall St ·  2023/02/08 08:46

Every investor in AVIC Heavy Machinery Co., Ltd. (SHSE:600765) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are individual investors with 38% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

中航重機股份有限公司(上交所代碼:600765)的每一位投資者都應該知道最強大的股東羣體。而持有這塊蛋糕最大份額的羣體是擁有38%股權的個人投資者。也就是説,如果股價上漲,該集團將受益最大(如果股價下跌,該集團將損失最大)。

And private companies on the other hand have a 33% ownership in the company.

另一方面,私營公司擁有該公司33%的股份。

In the chart below, we zoom in on the different ownership groups of AVIC Heavy Machinery.

在下面的圖表中,我們放大了中航重機的不同所有權集團。

See our latest analysis for AVIC Heavy Machinery

查看我們對中航重型機械的最新分析

ownership-breakdown
SHSE:600765 Ownership Breakdown February 8th 2023
上海證交所:600765所有權明細2023年2月8日

What Does The Institutional Ownership Tell Us About AVIC Heavy Machinery?

關於中航重機,機構持股告訴了我們什麼?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

許多機構以一個接近當地市場的指數來衡量它們的表現。因此,他們通常更關注那些被納入主要指數的公司。

As you can see, institutional investors have a fair amount of stake in AVIC Heavy Machinery. 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. 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 AVIC Heavy Machinery's historic earnings and revenue below, but keep in mind there's always more to the story.

如你所見,機構投資者在中航重工持有相當多的股份。這意味着為這些機構工作的分析師已經看過了這隻股票,他們喜歡它。但就像其他人一樣,他們也可能錯了。當多家機構持有一隻股票時,它們總是面臨“擁擠交易”的風險。當這樣的交易出錯時,多方可能會競相快速拋售股票。在一家沒有增長曆史的公司,這一風險更高。你可以在下面看到中航重工的歷史收益和收入,但請記住,故事中總是有更多的內容。

earnings-and-revenue-growth
SHSE:600765 Earnings and Revenue Growth February 8th 2023
上海證交所:600765收益和收入增長2023年2月8日

We note that hedge funds don't have a meaningful investment in AVIC Heavy Machinery. Aviation Industry Corporation of China,Ltd. is currently the company's largest shareholder with 30% of shares outstanding. AVIC Industry-Finance Holdings Co., Ltd. is the second largest shareholder owning 6.1% of common stock, and ICBC Credit Suisse Asset Management Co., Ltd. holds about 2.3% of the company stock.

我們注意到,對衝基金沒有對中航重工進行有意義的投資。中國航空工業集團有限公司目前是該公司的第一大股東,持有該公司30%的流通股。中航工業金融控股有限公司為第二大股東,持有6.1%的普通股,工銀瑞信資產管理有限公司持有約2.3%的公司股份。

A closer look at our ownership figures suggests that the top 12 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.

仔細觀察我們的持股數據就會發現,前12名股東的總持股比例為51%,這意味着沒有單一股東擁有多數股權。

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

雖然研究一家公司的機構持股可以增加你的研究價值,但研究分析師的建議以更深入地瞭解一隻股票的預期表現也是一個很好的做法。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。

Insider Ownership Of AVIC Heavy Machinery

中航重機的內部人所有權

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

儘管對內部人的準確定義可能是主觀的,但幾乎每個人都認為董事會成員是內部人。公司管理層管理企業,但首席執行官將向董事會負責,即使他或她是董事會成員。

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.

大多數人認為內部人持股是積極的,因為它可以表明董事會與其他股東很好地結盟。然而,在某些情況下,太多的權力集中在這個羣體中。

Our information suggests that AVIC Heavy Machinery Co., Ltd. insiders own under 1% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CN¥54m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

我們的信息顯示,中航重機股份有限公司內部人士持有該公司不到1%的股份。然而,我們確實注意到,內部人士可能通過私人公司或其他公司結構擁有間接利益。它是一家大公司,所以即使是很小的比例權益也可以在董事會和股東之間建立聯盟。在這種情況下,內部人士持有價值5400萬元的CN股票。可以説,最近的買入和賣出同樣重要。你可以點擊這裏,看看內部人士是在買入還是賣出。

General Public Ownership

一般公有制

With a 38% ownership, the general public, mostly comprising of individual investors, have some degree of sway over AVIC Heavy Machinery. 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.

持有38%股權的公眾,主要由個人投資者組成,對中航重工有一定程度的影響力。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。

Private Company Ownership

私營公司所有權

Our data indicates that Private Companies hold 33%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

我們的數據顯示,私營公司持有該公司33%的股份。或許有必要對此進行更深入的研究。如果關聯方,如內部人士,對這些私營公司中的一家有利害關係,則應在年報中披露。私營公司也可能對該公司擁有戰略利益。

Public Company Ownership

上市公司所有權

It appears to us that public companies own 6.1% of AVIC Heavy Machinery. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

在我們看來,上市公司持有中航重工6.1%的股份。這可能是一種戰略利益,兩家公司可能有相關的商業利益。這可能是因為它們已經解體。這一持股可能值得進一步調查。

Next Steps:

接下來的步驟:

It's always worth thinking about the different groups who own shares in a company. But to understand AVIC Heavy Machinery better, we need to consider many other factors. Take risks for example - AVIC Heavy Machinery has 1 warning sign we think you should be aware of.

擁有一家公司股票的不同集團總是值得考慮的。但要更好地理解中航重機,我們還需要考慮許多其他因素。以風險為例-中航重機1個警告標誌我們認為你應該意識到。

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。

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: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。

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.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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