Changalu Share Co., Ltd.: 14.3273 Million Shares of Controlling Shareholder Subject to Judicial Freeze

NightAirdropper · 2026-03-22T03:42:06+00:00

Changlu Aluminum's controlling shareholder Qilu Financial's shares have been judicially frozen due to financing lease disputes, with frozen shares accounting for 4.64% of its shareholding ratio, but it is expected not to affect its controlling position. The company's 2022 operating revenue was 67.85 billion yuan, with net profit declining significantly year-over-year. Risk information shows the company has multiple risk warnings in place.

NightAirdropper

2026-03-22 03:42:06

Abstract generation in progress

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 20th, Chang Aluminum Co., Ltd. (002160) announced that some shares held by its controlling shareholder, Qilu Financial Investment Group Co., Ltd., have been judicially frozen. The frozen shares amount to 14,327,301 shares, accounting for 4.6396% of its holdings and 1.3873% of the company’s total share capital.

The reason for the freeze is a financing lease dispute between Shandong Defang New Material Technology Co., Ltd., a subsidiary of Qilu Financial, and Haitong Hengxin International Financial Leasing Co., Ltd. Qilu Financial, as the guarantor, has had its assets preserved. As of now, the case has not yet gone to court.

The announcement also notes that the total pledged and judicially frozen shares of Qilu Financial exceed 80% of its holdings, but it is preliminarily judged that this will not have a substantial impact on its controlling shareholder status.

According to Tianyancha data, Chang Aluminum was established on December 27, 2002, with a registered capital of 1,032,781,167 RMB. The legal representative is Shi Ying. The registered address is in Baimao Town, Changshu City. Its main business includes thermal transfer materials, thermal transfer equipment and integrated solutions, and clean technology and pollution control solutions.

Currently, the company’s chairman is Shi Ying, the secretary is Yu Wen, with 2,728 employees. The actual controller is the State-owned Assets Supervision and Administration Commission of Jinan Municipal People’s Government.

The company has stakes in 25 subsidiaries, including Changzhou Langmai Clean Materials Co., Ltd., Baotou Chang Aluminum Recycled Resources Utilization Co., Ltd., Chongqing Taishan Technology Co., Ltd., Aikuwuo (Shandong) New Materials Co., Ltd., and Chang Aluminum Mexico Industrial Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 6.785 billion, 6.874 billion, and 7.847 billion RMB, respectively, with year-over-year growth of 8.85%, 1.31%, and 14.16%. Net profit attributable to the parent was -375 million, 15.1 million, and 64.98 million RMB, with YoY growth of -461.20%, 104.02%, and 330.15%. During the same period, the company’s asset-liability ratio was 57.12%, 54.02%, and 56.59%.

Regarding risks, Tianyancha data shows the company has 582 internal Tianyan risks, 141 surrounding risks, 43 historical risks, and 149 warning risks.

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