50% OFF

Analysis of Shareholder Structure Change Trend of AURORA (600666)

#股东结构分析 #股权集中度 #600666 #上市公司研究 #限售流通股 #股东户数变化 #投资风险提示
Neutral
A-Share
January 19, 2026

Unlock More Features

Login to access AI-powered analysis, deep research reports and more advanced features

About us: Ginlix AI is the AI Investment Copilot powered by real data, bridging advanced AI with professional financial databases to provide verifiable, truth-based answers. Please use the chat box below to ask any financial question.

Related Stocks

600666
--
600666
--

I have now collected sufficient data to provide you with a detailed analysis report on the shareholder structure change trend of AURORA.


Analysis of Shareholder Structure Change Trend of AURORA (600666)
I. Trend of Total Number of Shareholders
Report Period Total Number of Shareholders (Households) MoM Change
June 30, 2024 33,602 -3.94%
September 30, 2024 39,566 +17.75%
December 31, 2024 80,906
+104.48%
March 31, 2025 95,503 +18.04%
June 30, 2025 133,764
+40.06%
September 30, 2025 107,124 -19.92%

Core Findings:

  • Number of shareholders increased by 219% over 18 months
    : Rising from 33,602 in June 2024 to 133,764 in June 2025 [1]
  • Largest growth in Q4 2024
    : MoM growth of 104.48%, indicating a large number of investors entered during this period [1]
  • Latest data shows a decline
    : The number of shareholders decreased by 19.92% to 107,124 in Q3 2025 [1]

II. Changes in Shareholding Structure of Major Shareholders
Changes in Top 10 Shareholders (as of September 30, 2025) [1][2]
Rank Shareholder Name Number of Shares Held (Shares) Shareholding Ratio Share Nature
1 Qingdao Zhisuan Information Industry Development Partnership (Limited Partnership) 359,781,840 13.02% Tradable A-Shares
2 Chu Shuxia 151,152,000 5.47% Restricted Tradable Shares
3 Gongqingcheng Kunshun Venture Capital Partnership (Limited Partnership) 120,960,000 4.38% Tradable A-Shares
4 Zuo Hongbo 84,271,715 3.05% Tradable A-Shares, Restricted Tradable Shares
5 Jiangsu High-Tech Investment Growth Value Equity Investment Partnership (Limited Partnership) 33,883,683 1.23% Restricted Tradable Shares
6 Harbin Venture Capital Group Co., Ltd. 22,400,000 0.81% Tradable A-Shares
7 Hong Kong Securities Clearing Company Limited 21,338,084 0.77% Tradable A-Shares
8 Xie Kaihua 19,200,000 0.69% Restricted Tradable Shares
9 Shenzhen Ruiying Value Venture Capital Partnership (Limited Partnership) 14,718,896 0.53% Restricted Tradable Shares
10 Zhu Jian 14,243,845 0.52% Tradable A-Shares

III. Analysis of Shareholding Structure Change Trend
1. Changes in Shareholding Concentration
  • Stable shareholding of the largest shareholder
    : Qingdao Zhisuan has maintained a 13.02% shareholding since 2024, retaining its position as the largest shareholder [1]
  • Relatively dispersed shareholding structure
    : The shareholding concentration of the top 10 major shareholders is approximately 30%, with no absolute controlling shareholder [1]
  • The largest single shareholder holds less than 15% of shares
    , resulting in a relatively dispersed corporate governance structure
2. Trend of Shareholding Changes of Major Shareholders
Shareholder June 2024 September 2025 Change Trend
Chu Shuxia 3rd largest shareholder (approx. 4.5%) 2nd largest shareholder (5.47%)
Increased shareholding ratio, rose in ranking
Gongqingcheng Kunshun 5th-6th place 3rd place (4.38%)
Fluctuating shareholding ratio, rose first then fell
Zuo Hongbo 2nd largest shareholder (approx. 5%) 4th place (3.05%)
Decreased shareholding ratio
Hong Kong Securities Clearing Company Limited New entry/negligible holding 0.77%
Increased shareholding by overseas investors
[2]
3. Structure of Restricted Shares and Tradable Shares
  • The company has a relatively high proportion of
    restricted tradable shares
    , held by shareholders including Chu Shuxia (5.47%), Zuo Hongbo (partial), Jiangsu High-Tech Investment, etc. [1]
  • Tradable A-Shares
    are mainly held by Qingdao Zhisuan, Gongqingcheng Kunshun, Harbin Venture Capital, etc.
  • Some restricted shares result from equity incentives and executive shareholding plans

IV. Recent Major Shareholder Behaviors
1. Progress of Share Disposals from Repurchased Shares [3]
  • The company repurchased 35,721,000 shares (accounting for 1.30% of total share capital) from June 21 to September 20, 2024
  • A share disposal plan was launched on September 27, 2025, with 5.243 million shares disposed of as of the current date
  • The average disposal price is approximately RMB 3.85 per share, with a total amount of approximately RMB 20.18 million
2. Share Pledge Status
  • As of January 9, 2026, total pledge ratio:
    6.06%
  • Total number of pledged shares:
    167 million shares
  • Number of pledge transactions: 6
  • The pledge ratio is relatively controllable, with low financial risk [2]
3. Changes in Executive Shareholdings
  • Large-scale share increases by executives in 2024: Jiang Yang (Chairman) increased holdings by 3.3 million shares, Zhu Sangao (CFO) increased holdings by 2.9694 million shares
  • Management adjustment in July 2024: Zhu Sangao took over as Chairman, Luo Xiaofeng was appointed as General Manager

V. Summary of Shareholder Structure Change Trend
Dimension Trend Characteristics Evaluation
Number of Shareholders
Sharp growth followed by a decline Investor attention has increased but has cooled recently
Shareholding Concentration
Remains dispersed No single shareholder control, diversified governance structure
Largest Shareholder
Stably holds 13.02% of shares Qingdao Zhisuan maintains control
2nd and 3rd Shareholders
Chu Shuxia rose in ranking, Gongqingcheng Kunshun saw fluctuations Shareholding adjustments by founder and financial investors
Institutional Investors
Hong Kong Securities Clearing Company increased holdings Increased interest from overseas investors
Restricted Tradable Shares
Relatively high proportion Unlock pressure exists, requiring attention

VI. Key Focus Areas for Investment Recommendations
  1. Risk of dispersed shareholding
    : The largest shareholder holds only 13.02% of shares, which may lead to control disputes or inefficiencies in major decision-making
  2. Pressure from restricted share unlocks
    : Shares held by shareholders such as Chu Shuxia are subject to restrictions, which may affect the stock price after unlock
  3. Disposal of repurchased shares
    : The company continues to dispose of repurchased shares, requiring attention to short-term pressure on the stock price
  4. Stable executive shareholdings
    : Large-scale increases by management indicate confidence in the company’s long-term development

References

[1] Sina Finance - Major Shareholder Data of AURORA (600666) (https://vip.stock.finance.sina.com.cn/corp/go.php/vCI_StockHolder/stockid/600666/displaytype/30.phtml)
[2] Eastmoney - AURORA (600666) Stock Page (http://quote.eastmoney.com/sh600666.html)
[3] Sina Finance - AURORA Announcement on Progress of Disposal of Repurchased Shares via Centralized Auction (http://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=600666&id=11898854)
[4] Tencent Securities - Shareholding Structure of AURORA (600666) (https://gu.qq.com/sh600666)
[5] 2024 Annual Report of AURORA Optoelectronics Co., Ltd. (https://stockn.xueqiu.com/SH600666/20250418970761.pdf)

Previous
No previous article
Next
No next article
Related Reading Recommendations
No recommended articles
Ask based on this news for deep analysis...
Alpha Deep Research
Auto Accept Plan

Insights are generated using AI models and historical data for informational purposes only. They do not constitute investment advice or recommendations. Past performance is not indicative of future results.