Sou Hu Cai Jing·2025-12-12 19:36Group 1 - The core point of the news is that southbound funds have significantly reduced their holdings in JD Health, with a total net reduction of 704.93 million shares over the last five trading days and 1,253.46 million shares over the last 20 trading days [1] - As of now, southbound funds hold 267 million shares of JD Health, which accounts for 8.32% of the company's total issued ordinary shares [1] Group 2 - JD Health is primarily an investment holding company that provides pharmaceutical and health products, internet medical health services, health management, and smart medical health solutions [2] - The company's business includes retail pharmacy and medical health services, with retail pharmacy operations conducted through self-operated and online platforms as well as instant retail channels [2] - Medical health services are mainly provided through internet hospitals and medical large models, and the company also offers online marketing services such as advertising [2]