Core Viewpoint - Liancheng Precision (002921.SZ) reported a decline in institutional ownership in its Q3 2025 report, with a total of 10.72 million shares held by three institutional investors, representing 7.20% of the total share capital, down 2.60 percentage points from the previous quarter [1] Institutional Investors - As of October 27, 2025, three institutional investors disclosed holdings in Liancheng Precision, totaling 10.72 million shares, which is 7.20% of the company's total equity [1] - The institutional investors include Cuili Holdings Limited, Shanghai Yihai Venture Capital Partnership (Limited Partnership), and Industrial and Commercial Bank of China - CITIC Prudential Multi-Strategy Flexible Allocation Mixed Securities Investment Fund (LOF) [1] - The overall institutional holding percentage decreased by 2.60 percentage points compared to the previous quarter [1] Public Funds - One new public fund disclosed its holdings this quarter, namely CITIC Prudential Multi-Strategy Mixed (LOF) A [1] - Seven public funds that were previously disclosed did not report this quarter, including Hongde Yuxiang One-Year Holding Period Mixed A, Nuoan Balanced Preferred One-Year Holding Mixed A, Dongfang Quantitative Growth Flexible Allocation Mixed A, Hongde Huixiang Mixed A, and Hongde Ruixiang One-Year Holding Period Mixed A [1] Foreign Investment Attitude - This quarter, two foreign institutions that were previously disclosed did not report their holdings, including J.P. Morgan Securities PLC - Proprietary Funds and Citigroup Global Markets Limited [1]

Group 1 - Newnow (300765.SZ) reported its Q3 2025 results, with 18 institutional investors holding a total of 1.144 billion shares, representing 81.42% of the total share capital [1] - The top ten institutional investors collectively hold 81.17% of the shares, with a decrease of 0.47 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 10 funds increased their holdings, including Huatai-PineBridge Innovation Medicine Mixed A and ICBC Frontier Medical Stock A, with an increase rate of 0.60% [2] - Three public funds reduced their holdings, including China Europe Medical Health Mixed A, with a decrease rate of 0.37% [2] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.23% [2]

Core Insights - Donglai Technology (688129.SH) reported its Q3 2025 results, revealing that as of October 27, 2025, seven institutional investors held a total of 63.8685 million shares, representing 53.01% of the company's total equity [1] Institutional Holdings - The total institutional holding increased by 0.28 percentage points compared to the previous quarter [1] - The institutional investors include Shanghai Donglai Technology Co., Ltd., Ningbo Meishan Free Trade Port Zone Yueshun Investment Management Partnership, National Social Security Fund 503 Portfolio, and others [1] Public Fund Holdings - One public fund, Guoshou Anbao Growth Preferred Stock A, increased its holdings by 0.94% compared to the previous period [1] - A total of 51 public funds were not disclosed in this period, including notable funds like Nuon An Value Growth Mixed A and Zhongyin New Energy Industry Stock A [1] Social Security Fund Holdings - The National Social Security Fund 503 Portfolio was the only social security fund to increase its holdings, with a rise of 0.25% [2] - This fund was also the only one not disclosed in the previous quarter [2]

Core Viewpoint - Bowei Alloy (601137.SH) reported its Q3 2025 results, indicating a significant presence of institutional investors holding 48.10% of the total shares, although this represents a decline from the previous quarter [1] Institutional Holdings - As of October 26, 2025, a total of 9 institutional investors disclosed their holdings in Bowei Alloy, amounting to 395 million shares [1] - The institutional investors include Bowei Group Limited, Bowei Asia Limited, Ningbo Bowei Jinshi Investment Co., Ltd., and others [1] - The overall institutional holding percentage decreased by 2.92 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Nuoan Pioneer Mixed A, increased its holdings during this period, with an increase percentage of 0.47% [1] - A total of 154 public funds did not disclose their holdings in this quarter, including notable funds such as the Photovoltaic ETF and Southern CSI 1000 ETF [1]

Core Insights - Hanbo High-tech (301321.SZ) released its Q3 2025 report on October 27, 2025, indicating a total of 5 institutional investors holding shares, amounting to 45.81 million shares, which represents 24.57% of the total share capital [1] Institutional Holdings - The total institutional holding increased by 0.18 percentage points compared to the previous quarter [1] - The institutional investors include Hanbo Holdings Group Co., Ltd., Hefei Wang's Hanbo Technology Co., Ltd., Changjiang Wealth Asset Management, Hanbo High-tech Materials (Hefei) Co., Ltd., and Industrial and Commercial Bank of China [1] Public Fund Activity - One new public fund disclosed this quarter, namely the Dacheng CSI 360 Internet + Index A [1] - A total of 38 public funds were not disclosed this quarter compared to the previous quarter, including funds like Guojin Quantitative Multi-Factor A and Huatai-PineBridge CSI 2000 Index Enhanced A [1]

Core Insights - Yan'ao Co., Ltd. (300923.SZ) reported its Q3 2025 results, indicating a significant institutional ownership of 48.76% of its total shares, with a slight increase of 0.57 percentage points from the previous quarter [1] Institutional Ownership - As of October 26, 2025, five institutional investors disclosed their holdings in Yan'ao Co., Ltd., totaling 38.3266 million shares [1] - The institutional investors include Changchun Yan'ao Group Co., Ltd., Changchun Yan'ao Tongren Investment Partnership (Limited Partnership), China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund, J.P. Morgan Securities PLC - Proprietary Funds, and Industrial and Commercial Bank of China Co., Ltd. - CITIC Prudential Multi-Strategy Flexible Allocation Mixed Securities Investment Fund (LOF) [1] Public Fund Holdings - One public fund, Nuoan Multi-Strategy Mixed A, increased its holdings by 0.16% compared to the previous period [1] - A new public fund, CITIC Prudential Multi-Strategy Mixed (LOF) A, was disclosed this quarter [1] - Fourteen public funds did not disclose their holdings this quarter, including Huian Multi-Strategy Mixed A, Jianxin Flexible Allocation Mixed A, GF Multi-Factor Mixed, ICBC JuXiang Mixed A, and Western Gain Quantitative Preferred One-Year Holding Period Mixed A [1] Foreign Investment - One new foreign institutional investor, J.P. Morgan Securities PLC - Proprietary Funds, was disclosed this quarter [2]

Core Insights - Star Source Material (300568.SZ) reported its Q3 2025 results, revealing that as of October 26, 2025, nine institutional investors held a total of 91.1557 million A-shares, accounting for 6.79% of the company's total share capital [1] - The institutional holding percentage decreased by 0.92 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Hong Kong Central Clearing Limited, Industrial and Commercial Bank of China - GF National Index New Energy Vehicle Battery ETF, and several asset management plans from Huatai Securities [1] - The total institutional holding percentage is now 6.79%, reflecting a decline from the previous quarter [1] Public Funds - One public fund, GF National Index New Energy Vehicle Battery ETF, increased its holdings by 0.65% compared to the last period [2] - Two public funds, Southern National 1000 ETF and ChiNext 200 ETF, reported a slight decrease in holdings [2] - A total of 164 public funds did not disclose their holdings this period, including several notable funds focused on new energy vehicles [2] Social Security Funds and Foreign Investment - One social security fund, the National Social Security Fund 604 Portfolio, did not disclose its holdings this period [3] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.30% compared to the previous period [3]

Group 1 - The core point of the news is that Xizhuang Co., Ltd. (001332.SZ) reported its Q3 2025 results, highlighting an increase in institutional ownership to 3.02% of total shares, up by 1.41 percentage points from the previous quarter [1] Group 2 - As of October 26, 2025, a total of 8 institutional investors disclosed holdings in Xizhuang Co., Ltd., with a combined holding of 3.33 million shares [1] - The institutional investors include various funds such as the Basic Pension Insurance Fund 1203 Combination and J.P. Morgan Securities PLC [1] Group 3 - In the public fund sector, one fund, Tianhong Selected Mixed A, reduced its holdings by 0.18% compared to the previous quarter [2] - Four new public funds disclosed their holdings this quarter, including Penghua New Energy Selected Mixed A and Jiashi Rui Xiang Regular Mixed [2] - Sixteen public funds were not disclosed this quarter, including several from Zheshang [2] Group 4 - From the foreign investment perspective, one new foreign institution, J.P. Morgan Securities PLC, disclosed its holdings this quarter [3]

Group 1 - Rongjie Co., Ltd. (002192.SZ) released its Q3 2025 report on October 25, 2025, indicating that as of October 24, 2025, seven institutional investors held a total of 73.3648 million shares, accounting for 28.25% of the total share capital [1] - The institutional investors include Rongjie Investment Holding Group Co., Ltd., Hong Kong Central Clearing Limited, and several funds from China Merchants Bank and Industrial and Commercial Bank of China, with the total institutional holding ratio increasing by 0.03 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, there was an increase in holdings from one public fund, Tai Xin Development Theme Mixed Fund, while four public funds, including Guangfa CSI 1000 ETF and Southern CSI 1000 ETF, reported a decrease in holdings [2] - A total of 54 public funds did not disclose their holdings compared to the previous quarter, including Chang'an Xinxin Mixed A and other ETFs [2] - Regarding foreign investment, one foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.65% compared to the previous period [2]

Core Viewpoint - Keshun Co., Ltd. (300737.SZ) reported its Q3 2025 results, highlighting a decrease in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of October 24, 2025, five institutional investors disclosed holdings in Keshun Co., totaling 170 million shares, which represents 15.27% of the company's total share capital [1] - The institutional ownership decreased by 1.58 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, the Fu Guo Research Selected Flexible Allocation Mixed A, increased its holdings slightly in this period [1] - One public fund, the Jing Shun Resource Monopoly Mixed A, reported a slight decrease in holdings compared to the previous quarter [1] - A total of 113 public funds did not disclose their holdings this quarter, including notable funds such as Jing Shun Chang Cheng China Return Mixed A and others [1]