If you want to know who really controls Tianshan Aluminum Group Co.,Ltd (SZSE:002532), 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 companies with 33% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
While insiders who own 26% came under pressure after market cap dropped to CN¥31b last week,private companies took the most losses.
In the chart below, we zoom in on the different ownership groups of Tianshan Aluminum GroupLtd.
Check out our latest analysis for Tianshan Aluminum GroupLtd
![ownership-breakdown](https://usnewsfile.futunn.com/pic/0-15890070-0-35ade302a045d67b68c5d7c3ec35a753.png/big)
SZSE:002532 Ownership Breakdown October 24th 2022
What Does The Institutional Ownership Tell Us About Tianshan Aluminum GroupLtd?
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.
We can see that Tianshan Aluminum GroupLtd 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. 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 Tianshan Aluminum GroupLtd, (below). Of course, keep in mind that there are other factors to consider, too.
![earnings-and-revenue-growth](https://usnewsfile.futunn.com/pic/0-15890070-1-b7c8c5fb2b43509da304b7e230f2a0e0.png/big)
SZSE:002532 Earnings and Revenue Growth October 24th 2022
Hedge funds don't have many shares in Tianshan Aluminum GroupLtd. Looking at our data, we can see that the largest shareholder is Shihezi Jinlong Energy Industrial Chain Co., Ltd. with 20% of shares outstanding. With 9.9% and 8.5% of the shares outstanding respectively, Chaolin Zeng and Chaoyi Zeng are the second and third largest shareholders. Two of the top three shareholders happen to be Chief Executive Officer and Member of the Board of Directors, respectively. That is, insiders feature higher up in the heirarchy of the company's top shareholders.
To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
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. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
Insider Ownership Of Tianshan Aluminum GroupLtd
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.
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 insiders maintain a significant holding in Tianshan Aluminum Group Co.,Ltd. It is very interesting to see that insiders have a meaningful CN¥8.2b stake in this CN¥31b business. Most would be pleased to see the board is investing alongside them. You may wish to access this free chart showing recent trading by insiders.
General Public Ownership
With a 18% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Tianshan Aluminum GroupLtd. 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.
Private Equity Ownership
Private equity firms hold a 5.4% stake in Tianshan Aluminum GroupLtd. 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
We can see that Private Companies own 33%, 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.
Public Company Ownership
It appears to us that public companies own 3.7% of Tianshan Aluminum GroupLtd. 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.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Tianshan Aluminum GroupLtd is showing 2 warning signs in our investment analysis , you should know about...
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.
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.
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.
如果你想知道誰真正控制了天山鋁業集團有限公司(SZSE:002532),那麼你就得看看它的股票登記簿的構成。而持有這塊蛋糕最大份額的是擁有33%股權的私營公司。換句話説,該集團面臨着最大的上行潛力(或下行風險)。
雖然在上週市值跌至人民幣310億元后,持股26%的內部人士面臨壓力,但損失最大的是民營企業。
在下面的圖表中,我們放大了天山鋁業集團有限公司的不同所有權集團。
查看我們對天山鋁業集團有限公司的最新分析
![ownership-breakdown](https://usnewsfile.futunn.com/pic/0-15890070-0-35ade302a045d67b68c5d7c3ec35a753.png/big)
深圳證交所:002532股權結構2022年10月24日
關於天山鋁業集團有限公司,機構持股告訴了我們什麼?
機構通常在向自己的投資者報告時,以基準來衡量自己,因此一旦一隻股票被納入主要指數,它們往往會對這隻股票變得更加熱情。我們預計,大多數公司都會有一些機構登記在冊,特別是在它們正在增長的情況下。
我們可以看到,天山鋁業集團有限公司確實有機構投資者,他們持有公司很大一部分股票。這可以表明該公司在投資界具有一定的公信力。然而,最好警惕依賴機構投資者帶來的所謂驗證。他們也一樣,有時也會犯錯。如果兩個大型機構投資者試圖同時拋售一隻股票,股價大幅下跌的情況並不少見。因此,看看天山鋁業過去的盈利軌跡是值得的(見下圖)。當然,請記住,還有其他因素需要考慮。
![earnings-and-revenue-growth](https://usnewsfile.futunn.com/pic/0-15890070-1-b7c8c5fb2b43509da304b7e230f2a0e0.png/big)
深圳證交所:002532收益和收入增長2022年10月24日
對衝基金在天山鋁業股份有限公司的股份並不多。查看我們的數據可以看到,第一大股東是石河子市金龍能源產業鏈有限公司,持有20%的流通股。曾朝林和曾超儀分別持有9.9%和8.5%的流通股,是第二大股東和第三大股東。前三名股東中有兩名恰好是首席執行官和董事會成員。也就是説,內部人在公司大股東的繼承權中佔有更高的地位。
為了讓我們的研究更有趣,我們發現,前5名股東控制着公司一半以上的股份,這意味着這一羣體對公司的決策具有相當大的影響力。
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。雖然有一些分析師的報道,但該公司可能沒有得到廣泛的報道。因此,它可以獲得更多的關注,在賽道上。
天山鋁業集團有限公司內部人持股
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。
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。
我們的信息顯示,內部人士持有天山鋁業集團有限公司的大量股份。非常有趣的是,內部人士在這筆310億元的CN業務中持有有意義的82億元人民幣的股份。大多數人會高興地看到董事會與他們一起投資。你可能希望訪問這張顯示內部人士最近交易的免費圖表。
一般公有制
持有天山鋁業18%股權的公眾(主要是個人投資者)對天山鋁業有一定程度的影響力。儘管這種規模的所有權可能不足以影響有利於他們的政策決定,但他們仍然可以對公司政策產生集體影響。
私募股權所有權
私募股權公司持有天山鋁業5.4%的股份。這表明,他們可以在關鍵的政策決策中發揮影響力。有時我們會看到私募股權投資長期存在,但總的來説,它們的投資期限較短,而且--顧名思義--不會對上市公司進行太多投資。一段時間後,他們可能會考慮出售並將資本重新配置到其他地方。
私營公司所有權
我們可以看到,私營公司擁有33%的已發行股份。私營公司可能是關聯方。有時,內部人士通過持有一傢俬人公司來對上市公司感興趣,而不是以個人身份。雖然很難得出任何大致的中風結論,但值得注意的是,這是一個值得進一步研究的領域。
上市公司所有權
在我們看來,上市公司擁有天山鋁業3.7%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。
接下來的步驟:
雖然考慮擁有一家公司的不同集團是很值得的,但還有其他更重要的因素。請注意,天山鋁業集團有限公司正在展示我們的投資分析中的2個警告信號,你應該知道關於……
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。
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。
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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。