Core Viewpoint - The report indicates a decrease in institutional ownership in the company, highlighting a shift in investor sentiment and potential implications for future performance [1] Institutional Ownership - As of October 30, 2025, six institutional investors hold a total of 98.03 million shares of the company, representing 28.30% of the total share capital [1] - The institutional ownership percentage has decreased by 1.19 percentage points compared to the previous quarter [1] Public Fund Activity - Thirteen public funds that were not disclosed in the previous quarter are now reported, including funds such as Zhongjia Zhongzheng A500 Index Enhanced Fund A and Bosera Quantitative Balanced Mixed Fund A [1] Foreign Investment Trends - One foreign fund, Hong Kong Shanghai HSBC Bank Limited, has reduced its holdings by 1.53% compared to the previous quarter [1] - A new foreign institution, BNP Paribas - Proprietary Funds, has been disclosed this quarter, while Morgan Stanley & Co. International PLC is no longer reported [1]

Core Viewpoint - Garden Co. (605303.SH) reported its Q3 2025 results, indicating a significant presence of institutional investors holding 57.88% of its total shares, although this represents a decline of 6.44 percentage points from the previous quarter [1] Institutional Holdings - As of October 30, 2025, two institutional investors disclosed their holdings in Garden Co., totaling 93.32 million shares [1] - The institutional investors include Hangzhou Garden Rong Holding Group Co., Ltd. and Hangzhou Wind Dance Investment Management Co., Ltd. [1] - The overall institutional holding percentage decreased by 6.44 percentage points compared to the last quarter [1] Public Fund Activity - In this reporting period, seven public funds were not disclosed compared to the previous quarter, including notable funds such as Fuyong Fuyue Mixed A, ICBC Juxiang Mixed A, and Western Lide Quantitative Preferred One-Year Holding Period Mixed A [1] Foreign Investment Sentiment - The report noted that certain foreign institutions, including BARCLAYS BANK PLC and MORGAN STANLEY & CO. INTERNATIONAL PLC, were not disclosed in this quarter compared to the last [1]

Core Viewpoint - Jingxing Paper (002067.SZ) reported its Q3 2025 results, highlighting an increase in institutional ownership and foreign investment interest [1] Institutional Ownership - As of October 30, 2025, five institutional investors disclosed holdings in Jingxing Paper, totaling 23.8826 million shares, which represents 1.68% of the company's total share capital [1] - The institutional ownership increased by 1.20 percentage points compared to the previous quarter [1] Public Fund Participation - In this period, 12 public funds were disclosed, including Wanjiaguozheng 2000 ETF, Zhongzheng 2000, and Southern Zhongzheng 2000 ETF, among others [1] Foreign Investment - Four new foreign institutions disclosed their holdings this quarter, including UBS AG, Goldman Sachs, Morgan Stanley & Co. International PLC, and J.P. Morgan Securities PLC [1] - Barclays Bank PLC was the only foreign institution that did not disclose holdings compared to the previous quarter [1]

Group 1 - The core point of the article is that 德创环保 (Dechuan Environmental Protection) reported its Q3 2025 results, highlighting the institutional ownership and changes in shareholding patterns [1] - As of October 30, 2025, six institutional investors hold a total of 129 million shares of 德创环保, representing 62.39% of the total share capital [1] - The institutional ownership decreased by 1.79 percentage points compared to the previous quarter [1] Group 2 - The report mentions 14 public funds that did not disclose holdings in the current period, including 中信保诚多策略混合 (CITIC Prudential Multi-Strategy Mixed) A and 诺安多策略混合 A [1] - Two new foreign institutions disclosed their holdings this quarter, namely MORGAN STANLEY & CO. INTERNATIONAL PLC. and 高盛公司有限责任公司 (Goldman Sachs) [1]

Core Insights - Guanshi Technology (605588.SH) released its Q3 2025 report on October 31, 2025, indicating a total of 4 institutional investors holding shares, amounting to 2.6716 million shares, which represents 3.64% of the total share capital [1] - The institutional holding ratio increased by 0.05 percentage points compared to the previous quarter [1] - One new public fund was disclosed this period, while three public funds were not disclosed compared to the previous quarter [1] - Several foreign institutions were not disclosed this period compared to the previous quarter [1] Institutional Holdings - A total of 4 institutional investors disclosed holdings in Guanshi Technology, with a combined holding of 2.6716 million shares, accounting for 3.64% of the total share capital [1] - The institutional holding ratio saw a slight increase of 0.05 percentage points from the last quarter [1] Public Fund Activity - One new public fund, Su Xin Zhong Zheng A500 Index Enhanced A, was disclosed this period [1] - Three public funds were not disclosed compared to the previous quarter, including Southern Zhong Zheng 2000 ETF, Dongfang Quantitative Growth Flexible Allocation Mixed A, and CITIC Jian Tong Yuan Jian Return A [1] Foreign Institutional Changes - The report noted that foreign institutions such as Barclays Bank PLC and UBS AG were not disclosed this period compared to the previous quarter [1]

Group 1 - Zhongjing Technology (003026.SZ) released its Q3 2025 report on October 31, 2025, indicating that as of October 30, 2025, four institutional investors held a total of 9.4791 million shares, representing 7.31% of the total share capital [1] - The institutional investors include Longi Green Energy Technology Co., Ltd., MORGAN STANLEY & CO. INTERNATIONAL PLC., GF Securities Co., Ltd. - Guotai CSI Semiconductor Materials and Equipment Theme ETF, and Huian Trend Power Stock A, with a total institutional holding ratio increase of 0.24 percentage points compared to the previous quarter [1] - In the public fund sector, one public fund, Guotai CSI Semiconductor Materials and Equipment Theme ETF, increased its holdings by 0.28% compared to the previous period, while 17 public funds were not disclosed in this period, including several major semiconductor-themed ETFs [1] Group 2 - From the foreign investment perspective, one foreign fund, MORGAN STANLEY & CO. INTERNATIONAL PLC., increased its holdings slightly compared to the previous period [2]

Core Viewpoint - Wangli Security (605268.SH) reported its Q3 2025 results, highlighting a significant institutional ownership increase, indicating strong investor confidence in the company [1] Institutional Ownership - As of October 30, 2025, seven institutional investors disclosed holdings in Wangli Security A-shares, totaling 320 million shares, which represents 71.64% of the company's total equity [1] - The institutional ownership increased by 0.42 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Wangli Group Co., Ltd., Zhejiang Wangli Electric Vehicle Industry Co., Ltd., Wuyi Huajue Equity Investment Management Co., Ltd., Ningbo Gongjiu Chuangye Investment Partnership (Limited Partnership), J.P. Morgan Securities PLC - proprietary funds, Morgan Stanley & Co. International PLC, and Goldman Sachs LLC [1] Public Fund Disclosure - In this period, 11 public funds were disclosed, including Nanhua Fenghui Mixed A, Guotai Quantitative Strategy Income Mixed A, Huibai Chuan Yuanhang Mixed A, and others [1] Foreign Investment Attitude - Three new foreign institutions disclosed their holdings this quarter, including J.P. Morgan Securities PLC - proprietary funds, Morgan Stanley & Co. International PLC, and Goldman Sachs LLC [1]

Core Insights - Falunsheng (000890.SZ) reported its Q3 2025 results on October 31, 2025, indicating a total of 6 institutional investors holding 176 million shares, which accounts for 41.88% of the total share capital [1] - The proportion of shares held by institutional investors decreased by 1.88 percentage points compared to the previous quarter [1] - Four public funds were disclosed this period, including Morgan Dynamic Multi-Factor Mixed A and others, which were not reported in the previous quarter [1] Institutional Investors - The institutional investors include Falunsheng Hongsheng Group Co., Ltd., Jiangyin Yaobo Taibang Enterprise Management Partnership (Limited Partnership), Goldman Sachs International - Proprietary Capital, UBS AG, Morgan Stanley & Co. International PLC, and Jiukun Investment (Beijing) Co., Ltd. - Jiukun Strategy Selected No. 8 Private Securities Investment Fund [1] - The total holding proportion of institutional investors is 41.88% [1] Foreign Investment - Two foreign funds reduced their holdings compared to the previous quarter, namely Goldman Sachs International - Proprietary Capital and Morgan Stanley & Co. International PLC, with a reduction rate of 0.37% [2] - One new foreign institution, UBS AG, was disclosed this period, while Barclays Bank PLC and Merrill Lynch International were not reported in the current quarter [2]

Core Insights - Heshun Petroleum (603353.SH) reported its Q3 2025 results on October 31, 2025, highlighting significant institutional investment in the company [1] Institutional Holdings - As of October 30, 2025, four institutional investors disclosed holdings in Heshun Petroleum A-shares, totaling 75.8084 million shares, which represents 44.10% of the company's total equity [1] - The institutional investors include Hunan Heshun Investment Development Co., Shenzhen Dahua Xinan Private Securities Fund Management Co., Morgan Stanley & Co. International PLC, and another fund managed by Shenzhen Dahua Xinan [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.36 percentage points [1] Public Fund Disclosures - In this reporting period, nine public funds were disclosed, including CITIC Prudential Multi-Strategy Mixed (LOF) A, CITIC Prudential Economic Selection Mixed A, CITIC Prudential Anxin Return Bond A, Huatai-PineBridge CSI Oil and Gas Resources ETF, and Everbright Prudential Quantitative Stock A [1] Foreign Investment - One new foreign institutional investor disclosed in this period is Morgan Stanley & Co. International PLC [1]

Core Viewpoint - Time Space Technology (605178.SH) reported its Q3 2025 results, highlighting a significant increase in institutional ownership and the presence of various public funds and foreign investors [1] Institutional Ownership - As of October 29, 2025, five institutional investors disclosed holding a total of 6.0554 million shares of Time Space Technology, representing 6.11% of the company's total share capital [1] - The institutional ownership increased by 3.72 percentage points compared to the previous quarter [1] Public Funds - In this reporting period, seven public funds were disclosed, including the Shanghai Stock Exchange Composite Index ETF, China Merchants CSI 2000 Index Enhanced A, and others [1] Foreign Investment - UBS AG was noted as a foreign institution that did not disclose any new holdings compared to the previous quarter [1]