Core Viewpoint - Hanwang Technology (002362.SZ) reported its 2025 semi-annual results, highlighting an increase in institutional investor holdings and changes in public fund participation [1] Institutional Holdings - As of August 25, 2025, seven institutional investors disclosed holdings in Hanwang Technology A-shares, totaling 37.3857 million shares, which represents 15.29% of the company's total equity [1] - The institutional holding ratio increased by 0.93 percentage points compared to the previous quarter [1] Public Fund Participation - Four new public funds were disclosed this period compared to the previous quarter, including Dachen CSI 360 Internet + Index A and Wanji CSI 500 Index Enhanced Initiation A [1] - Two public funds were not disclosed this period, namely Hengyue Research Selected Mixed A/B and Huatai-PB Jinrui Bond A [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings this period, with an increase ratio of 0.73% [1]

2025年8月26日，天孚通信(300394.SZ)发布2025年半年度报告。截至2025年8月25日，共有194个机构投 资者披露持有天孚通信A股股份，合计持股量达4.17亿股，占天孚通信总股本的53.64%。其中，前十大 机构投资者包括苏州天孚仁和投资管理有限公司、香港中央结算有限公司、中国工商银行股份有限公 司-易方达创业板交易型开放式指数证券投资基金、中国工商银行股份有限公司-华泰柏瑞沪深300交易 型开放式指数证券投资基金、中国建设银行股份有限公司-易方达沪深300交易型开放式指数发起式证券 投资基金、中国工商银行股份有限公司-华夏沪深300交易型开放式指数证券投资基金、中国农业银行股 份有限公司-万家品质生活灵活配置混合型证券投资基金、中国建设银行股份有限公司-华安创业板50交 易型开放式指数证券投资基金、中国银行股份有限公司-嘉实沪深300交易型开放式指数证券投资基金、 万家臻选混合A，前十大机构投资者合计持股比例达45.94%。相较于上一季度，前十大机构持股比例合 计上涨了0.65个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计7个，主要包括易方达创业板ETF、华泰柏瑞沪 深300 ...

Core Insights - Xianheng International (605056.SH) released its semi-annual report for 2025, indicating significant institutional investor interest with 14 institutions holding a total of 294 million shares, representing 71.71% of the total share capital [1] Institutional Holdings - The top ten institutional investors collectively hold 70.10% of the shares, with a decrease of 1.45 percentage points compared to the previous quarter [1] - Major institutional investors include Hangzhou Xingrun Investment Co., Ltd., Hangzhou Xian Ning Investment Partnership, and Goldman Sachs Asia Strategic Pte. Ltd. [1] Public Fund Activity - Four public funds increased their holdings during this period, accounting for a 1.76% increase in shareholding [1] - Two new public funds disclosed their holdings, including Rongtong Leading Growth Mixed (LOF) A/B and Jiaoyin Qixin Mixed Initiation A [1]

Core Insights - Dream Lily (603313.SH) released its semi-annual report for 2025, revealing that as of August 25, 2025, 18 institutional investors held a total of 96.6088 million shares, accounting for 16.93% of the total share capital [1] - The top ten institutional investors collectively held 16.00% of the shares, with a decrease of 0.91 percentage points compared to the previous quarter [1] Group 1: Institutional Holdings - A total of 18 institutional investors disclosed their holdings in Dream Lily, with a combined shareholding of 96.6088 million shares [1] - The top ten institutional investors include notable funds such as China Industrial Bank's Hua'an Ankang Flexible Allocation Mixed Fund and Hangzhou Zheyun Private Fund Management's Zheyun Hongtai Private Fund [1] - The proportion of shares held by the top ten institutional investors decreased by 0.91 percentage points from the previous quarter [1] Group 2: Public Fund Activity - One public fund, Hua'an Ruiming Two-Year Open Mixed A, increased its holdings during this period, showing a slight rise in its shareholding percentage [2] - A total of 14 new public funds disclosed their holdings compared to the previous quarter, including funds like Hua'an Ankang Flexible Allocation Mixed A and Jiao Yin Rui Si Mixed (LOF) [2]

来源：市场资讯 本次发行是工银国际发挥驻港中资金融力量，服务制造业龙头企业高质量发展的重要成果，亦是工银国 际坚持做好"五篇大文章"的重要体现，彰显了工银国际在资本市场服务行业龙头的雄厚实力及领先优 势，工银国际亦藉此展现了团队的专业实力并进一步扩大了在该板块的市场影响力。 （来源：工银国际） 双登股份简介 2025年8月26日，工银国际作为联席账簿管理人及联席牵头经办人，助力双登集团股份有限公司（"双登 股份"或"公司"，股票代码：6960.HK）成功于香港联交所主板上市。 双登股份是大数据及通信领域能源存储业务的领先公司。公司专注于设计、研发、制造和销售储能电池 及系统。截至二零二四年十二月三十一日，公司服务了五家全球十大通信运营商及设备商、近30%全球 百大通信运营商及设备商、以及中国五大通信运营商及设备商。双登股份服务中国十大自有数据中心企 业的80%，以及中国十大第三方数据中心企业的90%。于二零二二年、二零二三年及二零二四年，服务 五大客户的平均时长超过十年。根据弗若斯特沙利文的数据，于二零二四年，公司在全球通信及数据中 心储能电池供货商中出货量排名第一，市占率达11.1%。根据弗若斯特沙利文的数 ...

Core Insights - The company reported a total revenue of 2.747 billion yuan for the first half of 2025, an increase of 200 million yuan compared to the same period last year, marking a 7.87% year-on-year growth [1] - The net profit attributable to shareholders reached 605 million yuan, an increase of 1.4238 million yuan from the previous year, reflecting a 0.24% year-on-year growth [1] - The net cash inflow from operating activities was 894 million yuan, up by 552 million yuan year-on-year, representing a significant increase of 160.85% [1] Financial Ratios - The latest debt-to-asset ratio stands at 25.53%, a decrease of 1.97 percentage points from the same period last year [3] - The gross profit margin is reported at 37.79%, an increase of 0.54 percentage points year-on-year [4] - The return on equity (ROE) is recorded at 8.24% [4] Earnings and Shareholder Information - The diluted earnings per share (EPS) is 0.43 yuan [5] - The total asset turnover ratio is 0.28 times, and the inventory turnover ratio is 1.34 times [6] - The number of shareholders is 72,300, with the top ten shareholders holding 808 million shares, accounting for 58.01% of the total share capital [6] Shareholding Structure - The largest shareholder is China Aviation Industry Corporation, holding 41.86% of the shares [6] - Other significant shareholders include China Aviation Manufacturing Technology Research Institute (3.35%) and China Aero Engine Beijing Aviation Materials Research Institute (2.82%) [6]

Core Viewpoint - Nasda's semi-annual report for 2025 indicates a significant institutional investment, with 22 institutional investors holding a total of 641 million shares, representing 45.07% of the total share capital [1] Institutional Investment - The top ten institutional investors collectively hold 41.41% of Nasda's shares, with a 0.91 percentage point increase from the previous quarter [1] - Major institutional investors include Zhuhai Saina Technology Co., Ltd., Hong Kong Central Clearing Limited, and various funds managed by E Fund and China Construction Bank [1] Public Fund Activity - Three public funds increased their holdings, with a total increase of 0.13%, while seven public funds decreased their holdings, with a total decrease of 0.32% [2] - New public funds disclosed during this period include E Fund CSI 300 ETF and Zhongjin New Star Stock A [2] - Nineteen public funds were not disclosed in this period, indicating a potential shift in investment strategies [2] Pension Fund Perspective - One pension fund, the Basic Pension Insurance Fund 1205 Combination, increased its holdings by 0.3% [2] Foreign Investment Attitude - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.25% [2]

Group 1 - The core viewpoint of the news is that Silan Microelectronics (600460.SH) has reported a significant increase in institutional ownership, with 21 institutional investors holding a total of 753 million shares, representing 45.25% of the company's total equity as of August 22, 2025 [1] - The top ten institutional investors collectively hold 45.23% of the shares, with an increase of 1.64 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, four funds increased their holdings, including Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, with an increase in holdings accounting for 0.29% [2] - One new public fund disclosed its holdings this quarter, namely Nanhua CSI Hangzhou Bay Area ETF, while three funds were not disclosed in the current quarter [2]

Group 1 - Tongwei Co., Ltd. (600438.SH) released its 2025 semi-annual report on August 23, 2025, indicating that as of August 22, 2025, 76 institutional investors held a total of 2.714 billion shares, accounting for 60.28% of the total share capital [1] - The top ten institutional investors include Tongwei Group Co., Ltd., Hong Kong Central Clearing Limited, and several trust plans, with their combined holding ratio reaching 57.74%, an increase of 1.91 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 33 funds increased their holdings, with notable funds including HSBC Jintrust Research Select Mixed and Huatai-PB CSI 300 ETF, representing an increase ratio of 0.43% [2] - Conversely, 23 public funds reduced their holdings, with significant reductions from funds like Xinhua Xin Dongli Flexible Allocation Mixed A and Southern CSI New Energy ETF, showing a slight decrease [2] - Additionally, 12 new public funds were disclosed, including Huaxia CSI 300 ETF and Huanan Hongli Mixed A, while 25 funds were no longer disclosed compared to the previous quarter [2] - For social security funds, only one fund, the National Social Security Fund 118 Portfolio, increased its holdings, with an increase ratio of 0.73% [2]

Group 1 - The core viewpoint of the news is that Anjie Technology (002635.SZ) reported a decrease in institutional holdings in its A-shares, with a total of 23.7978 million shares held by seven institutional investors, accounting for 3.61% of the total share capital, a decline of 0.43 percentage points compared to the previous quarter [1] - Among the institutional investors, notable names include CRRC Capital Holdings, Hong Kong Central Clearing Limited, and several funds from China International Capital Corporation and China Merchants Bank [1] - In the public fund sector, there was a slight increase in holdings from one fund, Southern CSI 1000 ETF, while one new fund, Huaxia CSI 1000 ETF, was disclosed, and one fund, Golden Eagle Dividend Value Mixed A, was no longer reported [1] Group 2 - From the foreign investment perspective, there was a decrease in holdings from one foreign fund, Hong Kong Central Clearing Limited, with a reduction of 0.53% [2]