Newborn Town Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SEHK:9911 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
10 Apr 25	BuyHK$9,756,876	TMF Trust (HK) Limited	Company	1,834,000	HK$5.32
09 Apr 25	BuyHK$9,235,126	TMF Trust (HK) Limited	Company	1,916,000	HK$4.82
16 Jan 25	BuyHK$7,987,039	TMF Trust (HK) Limited	Company	2,144,000	HK$3.73
15 Jan 25	BuyHK$7,973,795	TMF Trust (HK) Limited	Company	2,236,000	HK$3.57
08 Jan 25	BuyHK$7,975,592	TMF Trust (HK) Limited	Company	2,354,000	HK$3.39
06 Jan 25	BuyHK$7,978,744	TMF Trust (HK) Limited	Company	2,344,000	HK$3.40
16 Dec 24	BuyHK$3,996,869	TMF Trust (HK) Limited	Company	1,010,000	HK$3.96
12 Dec 24	BuyHK$1,964,251	TMF Trust (HK) Limited	Company	500,000	HK$3.93
29 Nov 24	SellHK$77,513,368	Phoenix Auspicious FinTech Investment L.P	Company	20,458,000	HK$3.79
08 Nov 24	BuyHK$1,987,647	TMF Trust (HK) Limited	Company	526,000	HK$3.78
26 Jul 24	BuyHK$5,443,595	TMF Trust (HK) Limited	Company	1,704,000	HK$3.19
17 Jul 24	SellHK$24,773,196	Phoenix Auspicious FinTech Investment L.P	Company	7,700,000	HK$3.22

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 9911?
Owner Type	Number of Shares	Ownership Percentage
Employee Share Scheme	10,493,430	0.782%
Institutions	154,249,275	11.5%
Private Companies	326,084,161	24.3%
General Public	413,486,722	30.8%
Individual Insiders	437,794,803	32.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15%.

Top Shareholders

Top 25 shareholders own 69.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.8%	Chunhe Liu	238,706,646	HK$2.6b	0%	no data
11.2%	Jzzt Limited	150,460,810	HK$1.7b	0%	no data
9.39%	Xinming Wang	125,966,383	HK$1.4b	0%	no data
8.65%	TMF Trust (HK) Limited	116,122,403	HK$1.3b	12.7%	no data
5.45%	Ping Li	73,121,774	HK$810.2m	0%	no data
4.43%	Phoenix Auspicious FinTech Investment L.P	59,500,948	HK$659.3m	0%	no data
3.23%	Jjqj Partners Limited	43,321,198	HK$480.0m	0%	no data
2.7%	The Vanguard Group, Inc.	36,254,000	HK$401.7m	1.71%	no data
2.25%	Norges Bank Investment Management	30,150,109	HK$334.1m	0%	no data
1.24%	Evli Fund Management Company Ltd.	16,600,000	HK$183.9m	0%	0.52%
0.78%	Newborn Town, Management RSU Scheme	10,493,430	HK$116.3m	0%	no data
0.52%	BlackRock, Inc.	6,912,000	HK$76.6m	120%	no data
0.4%	Dimensional Fund Advisors LP	5,411,522	HK$60.0m	-0.02%	no data
0.37%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	4,940,000	HK$54.7m	58.4%	no data
0.27%	American Century Investment Management Inc	3,584,013	HK$39.7m	108%	no data
0.21%	State Street Global Advisors, Inc.	2,827,315	HK$31.3m	0.5%	no data
0.18%	First Trust Advisors LP	2,447,514	HK$27.1m	24.6%	no data
0.033%	SEI Investments Management Corporation	448,000	HK$5.0m	0%	no data
0.03%	Artico Partners AG	402,000	HK$4.5m	0%	0.55%
0.02%	Mirae Asset Global Investments Co., Ltd.	266,300	HK$3.0m	-19.4%	no data
0.019%	Acadian Asset Management LLC	252,000	HK$2.8m	70.3%	no data
0.014%	Christian Brothers Investment Services, Inc.	194,000	HK$2.1m	0%	0.03%
0.0077%	Goldman Sachs Asset Management, L.P.	103,608	HK$1.1m	-65.2%	no data
0.0043%	Grantham Mayo Van Otterloo & Co. LLC	58,000	HK$642.4k	0%	no data
0.0034%	Wilshire Advisors LLC	46,000	HK$510.1k	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/07 00:17
End of Day Share Price	2025/07/07 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Newborn Town Inc. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yanyan Xiao	China International Capital Corporation Limited
Tommy Wong	China Merchants Securities (HK) Co., Ltd
Yishan Li	China Merchants Securities (HK) Co., Ltd