Key Insights

• Significant control over Shanghai Automobile Air-Conditioner Accessories by public companies implies that the general public has more power to influence management and governance-related decisions
• 56% of the business is held by the top 3 shareholders
• 18% of Shanghai Automobile Air-Conditioner Accessories is held by insiders

If you want to know who really controls Shanghai Automobile Air-Conditioner Accessories Co., Ltd. (SHSE:603107), then you'll have to look at the makeup of its share registry. With 33% stake, public companies possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

And last week, public companies endured the biggest losses as the stock fell by 8.8%.

In the chart below, we zoom in on the different ownership groups of Shanghai Automobile Air-Conditioner Accessories.

What Does The Institutional Ownership Tell Us About Shanghai Automobile Air-Conditioner Accessories?

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.

Since institutions own only a small portion of Shanghai Automobile Air-Conditioner Accessories, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

Hedge funds don't have many shares in Shanghai Automobile Air-Conditioner Accessories. Shanghai Aerospace Automobile Electromechanical Co., Ltd. is currently the largest shareholder, with 33% of shares outstanding. Hock Guan Ang is the second largest shareholder owning 15% of common stock, and Shanghai Liannan Industry And Trade Co., Ltd. holds about 8.1% of the company stock. Furthermore, CEO Youzhao Wang is the owner of 1.1% of the company's shares.

To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

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. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Shanghai Automobile Air-Conditioner Accessories

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.

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.

It seems insiders own a significant proportion of Shanghai Automobile Air-Conditioner Accessories Co., Ltd.. Insiders have a CN¥1.0b stake in this CN¥5.6b business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

With a 22% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Shanghai Automobile Air-Conditioner Accessories. 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 Company Ownership

We can see that Private Companies own 22%, 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 33% of Shanghai Automobile Air-Conditioner Accessories. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

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. Case in point: We've spotted 1 warning sign for Shanghai Automobile Air-Conditioner Accessories you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.

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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.