Jinke Smart Services Group Co., Ltd.'s (HKG:9666) last week's 8.6% decline must have disappointed private equity firms who have a significant stake

Simply Wall St · 1d ago

Key Insights

  • Significant control over Jinke Smart Services Group by private equity firms implies that the general public has more power to influence management and governance-related decisions
  • The largest shareholder of the company is Boyu Capital Group Management Ltd. with a 63% stake
  • 14% of Jinke Smart Services Group is held by Institutions

If you want to know who really controls Jinke Smart Services Group Co., Ltd. (HKG:9666), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private equity firms with 63% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

As market cap fell to HK$4.3b last week, private equity firms would have faced the highest losses than any other shareholder groups of the company.

In the chart below, we zoom in on the different ownership groups of Jinke Smart Services Group.

See our latest analysis for Jinke Smart Services Group

ownership-breakdown
SEHK:9666 Ownership Breakdown December 24th 2025

What Does The Institutional Ownership Tell Us About Jinke Smart Services Group?

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.

As you can see, institutional investors have a fair amount of stake in Jinke Smart Services Group. 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. 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 Jinke Smart Services Group, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
SEHK:9666 Earnings and Revenue Growth December 24th 2025

Hedge funds don't have many shares in Jinke Smart Services Group. Looking at our data, we can see that the largest shareholder is Boyu Capital Group Management Ltd. with 63% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. In comparison, the second and third largest shareholders hold about 8.5% and 5.9% of the stock.

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

Insider Ownership Of Jinke Smart Services Group

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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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.

Our information suggests that Jinke Smart Services Group 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 has a market capitalization of just HK$4.3b, and the board has only HK$16m worth of shares in their own names. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying.

General Public Ownership

The general public, who are usually individual investors, hold a 14% stake in Jinke Smart Services Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Equity Ownership

Private equity firms hold a 63% stake in Jinke Smart Services Group. This suggests they can be influential in key policy decisions. 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.

Private Company Ownership

Our data indicates that Private Companies hold 8.5%, 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.

Next Steps:

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

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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.