TH International Ownership

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

Recent Insider Transactions

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 THCH?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	0	0%
Institutions	494,654	1.57%
Private Companies	1,533,946	4.85%
Public Companies	3,956,602	12.5%
General Public	6,324,516	20%
VC/PE Firms	19,289,522	61%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 79.99% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
51.9%	Cartesian Capital Group, LLC	16,388,916	US$54.7m	0%	42.94%
12.5%	Tencent Holdings Limited	3,956,602	US$13.2m	0%	no data
9.18%	HongShan	2,900,606	US$9.7m	0%	0.16%
4.85%	Thc Hope Ib Limited	1,533,946	US$5.1m	0%	no data
0.84%	Zazove Associates LLC	265,430	US$886.5k	-3.58%	1.58%
0.32%	Paloma Partners Management Company	100,000	US$334.0k	0%	0.02%
0.096%	LMR Partners LLP	30,185	US$100.8k	0%	no data
0.062%	Geode Capital Management, LLC	19,509	US$65.2k	0%	no data
0.04%	Shaolin Capital Management LLC	12,600	US$42.1k	0%	0.01%
0.037%	Citadel Advisors LLC	11,783	US$39.4k	0%	no data
0.027%	Amundi Asset Management SAS	8,618	US$28.8k	0%	no data
0.027%	Tenor Capital Management Company, L.P.	8,400	US$28.1k	0%	0.02%
0.02%	Oasis Management Company Ltd.	6,420	US$21.4k	0%	no data
0.02%	RBC Dominion Securities Inc., Asset Management Arm	6,227	US$20.8k	0%	no data
0.02%	UBS Asset Management AG	6,223	US$20.8k	0.19%	no data
0.017%	Covalent Partners LLC	5,241	US$17.5k	0%	0.27%
0.015%	Antara Capital LP	4,800	US$16.0k	0%	0.08%
0.012%	Two Sigma Securities, LLC, Asset Management Arm	3,797	US$12.7k	-51.3%	no data
0.0072%	CM-CIC Asset Management SA	2,284	US$7.6k	300%	no data
0.0063%	Scotiabank Global Banking and Markets, Asset Management Division	2,000	US$6.7k	-20.7%	no data
0.0022%	CIBC Private Wealth Advisors, Inc.	700	US$2.3k	0%	no data
0.0007%	Korea Investment Management Co., Ltd.	222	US$738.8	0%	no data
0.00031%	JPMorgan Chase & Co, Brokerage and Securities Investments	97	US$327.2	0%	no data
0.0002%	Morgan Stanley, Investment Banking and Brokerage Investments	63	US$211.1	0%	no data
0.00017%	Advisor Group Holdings, Inc., Asset Management Arm	55	US$179.4	-42.1%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/17 01:12
End of Day Share Price	2025/03/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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

TH International Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.