Zhong Guo Ji Jin Bao·2025-10-22 15:49Core Viewpoint - The article discusses the recent disclosures of third-quarter reports from A-share listed companies, highlighting the trading activities of several large private equity firms, including significant reductions in holdings by some and new investments by others [1]. Group 1: High Yi Asset's Trading Activities - High Yi Asset's CIO, Deng Xiaofeng, significantly reduced holdings in Zijin Mining, exiting the shareholder list with the High Yi Xiaofeng Hongyuan Fund and reducing shares in the High Yi Xiaofeng No. 2 Fund by 18.6 million shares, bringing total holdings down to 180 million shares, valued at approximately 5.3 billion yuan [3]. - Zijin Mining's stock price has increased by 99.14% year-to-date, with reported revenues of 254.2 billion yuan, a year-on-year increase of 10.33%, and a net profit of 37.864 billion yuan, up 55.45% [3]. Group 2: Hikvision's Trading Activities - Feng Liu, a senior fund manager at High Yi Asset, continued to reduce holdings in Hikvision, selling 58 million shares, bringing total holdings down to 280 million shares, with a market value of 8.826 billion yuan [5]. - Hikvision's third-quarter report shows total revenue of 65.758 billion yuan, a year-on-year increase of 1.18%, and a net profit of 9.319 billion yuan, up 14.94% [6]. Group 3: New Investments by Other Private Equity Firms - Ruijun Asset's Chief Research Officer, Dong Chengfei, increased holdings in Yangjie Technology, raising total shares to 10.9598 million, with a market value of 762 million yuan [8]. - Yangjie Technology reported revenues of 5.348 billion yuan, a year-on-year increase of 20.89%, and a net profit of 974 million yuan, up 45.51%, with a stock price increase of 75.34% year-to-date [9]. - Chongyang Investment entered Haitong Development, holding 7.7919 million shares valued at 101 million yuan [10]. - Lingren Private Fund made a new investment in Zhongce Rubber, acquiring 1.1539 million shares valued at 58 million yuan [12].