外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.25%。本期较上一季未再披露的外资机构包括HOLCHIN B.V.、香港中央结算有限公司。 对于社保基金，本期较上一季度持股减少的社保基金共计1个，即全国社保基金四一三组合，，持股减 少占比达0.19%。本期较上一季未再披露的社保基金共计1个，即全国社保基金一零七组合。 2025年10月25日，华新水泥(600801.SH)发布2025年第三季报。截至2025年10月27日，共有17个机构投 资者披露持有华新水泥A股股份，合计持股量达9.06亿股，占华新水泥总股本的43.57%。其中，前十大 机构投资者包括HOLCHIN B.V.、华新集团有限公司、香港中央结算有限公司、全国社保基金四一三组 合、中国铁路武汉局集团有限公司、中国农业银行股份有限公司-中证500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-富国天惠精选成长混合型证券投资基金(LOF)、中银收益混合A、国泰 中证全指建筑材料ETF、中银优选混合A，前十大机构投资者合计持股比例达43.45%。相较于上一季 度，前十大机构持股比例合计下跌了1 ...

Core Insights - Juhe Materials (688503.SH) reported its Q3 2025 results, revealing that as of October 27, 2025, 16 institutional investors held a total of 33.6137 million A-shares, accounting for 13.89% of the total share capital [1] - The top ten institutional investors collectively held 13.78% of the shares, which represents a decrease of 4.78 percentage points compared to the previous quarter [1] Institutional Holdings - Among public funds, three funds increased their holdings, including Guotai Junan Value Advantage Flexible Allocation Mixed A, Penghua Sci-Tech Innovation Board New Energy ETF, and Penghua Sci-Tech Innovation Board 200 ETF, with an increase rate of 0.30% [2] - Conversely, three public funds reduced their holdings, including Guotai Junan Valuation Advantage Mixed (LOF) A, Solar ETF, and Guotai Ruijin Shanghai Stock Exchange Sci-Tech Innovation Board 200 Index Initiated A, with a decrease rate of 0.25% [2] - Seven new public funds disclosed their holdings this period, including Nuoan Pioneer Mixed A, Wanji Domestic Demand Growth One-Year Holding Period Mixed, and Wanji Ruilong A [2] - A total of 203 public funds were not disclosed this period, including Southern CSI 1000 ETF and HSBC Jin Trust Research Selected Mixed [2] Social Security Fund - One social security fund, the National Social Security Fund 118 Portfolio, was not disclosed this period compared to the previous quarter [2]

Core Insights - The report indicates that as of October 27, 2025, a total of 26 institutional investors hold shares in Bichu Electronics (688188.SH), with a combined holding of 40.55 million shares, representing 14.05% of the total share capital [1] - The top ten institutional investors account for 13.52% of the total shares, showing a decrease of 2.09 percentage points compared to the previous quarter [1] Institutional Holdings - In the public fund sector, three funds increased their holdings, while six funds reduced their stakes, with a decrease of 1.01% in holdings [2] - Eight new public funds disclosed their holdings this period, while 479 funds did not disclose their holdings compared to the previous quarter [2] - Among social security funds, only one fund, the National Social Security Fund 114 Combination, increased its holdings by 0.22% [2]

Core Insights - Yunjigroup (001288.SZ) reported its Q3 2025 results, revealing that as of October 27, 2025, eight institutional investors held a total of 43.7487 million A-shares, accounting for 18.62% of the company's total share capital. This represents a decrease of 5.58 percentage points compared to the previous quarter [1] Institutional Investors - The total shareholding by institutional investors decreased by 5.58 percentage points from the previous quarter [1] - The institutional investors include Sichuan Development Securities Investment Fund Management Co., Ltd. and China Everbright Bank Co., Ltd. among others [1] Public Funds - Two public funds increased their holdings this period, namely Bosera Convertible Bond Enhanced Bond A and Agricultural Bank of China Rui Ze Tian Li Bond A, with an increase ratio of 0.26% [2] - One public fund, Agricultural Bank of China CSI A500 Index Enhanced A, reported a slight decrease in holdings [2] - A total of 89 public funds did not disclose their holdings this period, including notable funds like Huatai-PineBridge Technology Innovation Mixed A and others [2] Social Security Funds - One social security fund, Huatai-PineBridge Fund Management Co., Ltd. - Social Security Fund 423 Combination, did not disclose its holdings this period [2] Foreign Investment - One new foreign institution disclosed its holdings this period, namely Hong Kong Central Clearing Limited [2] - Goldman Sachs LLC did not disclose its holdings this period [2]

Core Insights - Blue Arrow Electronics (301348.SZ) released its Q3 2025 report on October 27, 2025, indicating a total of 20.19 million A-shares held by institutional investors, accounting for 8.41% of the company's total share capital [1] Institutional Holdings - Three institutional investors disclosed their holdings in Blue Arrow Electronics, with a total shareholding of 20.19 million shares, representing 8.41% of the total share capital [1] - The institutional holding percentage decreased by 1.07 percentage points compared to the previous quarter [1] Public Fund Activity - A total of 36 public funds were not disclosed in this period compared to the previous quarter, including notable funds such as Huatai-PB CSI 2000 Index Enhanced A and Guojin Quantitative Multi-Factor A [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings in Blue Arrow Electronics, resulting in a slight increase in the foreign holding percentage [1]

Core Insights - Rongxin Culture (301231.SZ) reported its Q3 2025 results, revealing that 13 institutional investors hold a total of 13.89 million A-shares, accounting for 16.46% of the total share capital [1] - The top ten institutional investors collectively hold 15.76% of the shares, which is a decrease of 4.16 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Rongxin Culture shares has remained stable, with a total of 13 investors [1] - The top ten institutional investors include notable firms such as Xi'an Lelequ Investment Partnership and CITIC Securities Asset Management (Hong Kong) [1] - The decrease in the top ten institutional holdings indicates a potential shift in investor sentiment or strategy [1] Public Fund Activity - Three public funds increased their holdings in this period, with a total increase of 0.56% [2] - One public fund, Galaxy Cultural and Entertainment Mixed A, reported a slight decrease in holdings [2] - A new public fund, Jianxin Minfeng Return Regular Open Mixed, was disclosed this period, while 71 funds were not disclosed compared to the previous quarter [2] Foreign Investment - One new foreign institutional investor, CITIC Securities Asset Management (Hong Kong), was disclosed this period [2]

Core Insights - Guanglian Aviation (300900.SZ) released its Q3 2025 report, indicating a total of 2 institutional investors holding A-shares, with a combined holding of 6.4133 million shares, representing 2.16% of the total share capital [1] - The institutional holding ratio decreased by 3.04 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include China Bank Co., Ltd. - Guotou Ruijin National Security Flexible Allocation Mixed Securities Investment Fund and Hong Kong Central Clearing Limited [1] - Among public funds, only one fund, Guotou Ruijin National Security Mixed A, increased its holdings by 0.33% compared to the previous period [1] - A total of 99 public funds did not disclose their holdings this period, including several funds from Huashan, such as Huashan Military Industry Reform Flexible Allocation Mixed A and Huashan Growth Pioneer Mixed A [1] Foreign Investment - One new foreign institutional investor disclosed this period, which is Hong Kong Central Clearing Limited [1]

Group 1 - Qianjiang Motorcycle (000913.SZ) released its Q3 2025 report on October 27, 2025, indicating that as of October 26, 2025, five institutional investors held a total of 266 million shares, accounting for 50.46% of the total share capital [1] - The institutional holding ratio decreased by 2.93 percentage points compared to the previous quarter [1] - The public funds that did not disclose holdings this quarter totaled 105, including Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, Huaxia New Consumption Mixed A, GF CSI 1000 ETF, and ICBC New Energy Vehicle Mixed A [1] Group 2 - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 1.27% compared to the previous quarter [1]

Core Insights - NetEase Technology (300017.SZ) reported its Q3 2025 results, revealing that as of October 26, 2025, seven institutional investors held a total of 158 million shares, accounting for 6.42% of the company's total equity, a decrease of 1.17 percentage points from the previous quarter [1] Institutional Holdings - The total institutional holding in NetEase Technology decreased by 1.17 percentage points compared to the previous quarter [1] - The institutional investors include major entities such as Industrial and Commercial Bank of China and China Life Insurance, among others [1] Public Fund Holdings - One public fund, China Europe CSI 500 Index Enhanced A, increased its holdings, while three public funds, including E Fund ChiNext ETF, Huashan ChiNext 50 ETF, and Southern CSI 500 ETF, reduced their holdings by a total of 0.53% [2] - A total of 516 public funds did not disclose their holdings this period, including several thematic ETFs [2] Social Security Fund and Insurance Holdings - One new social security fund, the National Social Security Fund 413 Combination, disclosed its holdings in NetEase Technology [2] - One insurance fund, China Life Insurance's traditional product, increased its holdings by 0.1% [2] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.30% compared to the previous quarter [2]

Group 1 - The core point of the news is that Zhenghai Magnetic Materials (300224.SZ) reported its Q3 2025 results, highlighting significant institutional ownership and changes in shareholding among major investors [1] - As of October 26, 2025, a total of 10 institutional investors hold 416 million shares of Zhenghai Magnetic Materials, accounting for 44.69% of the total share capital [1] - The top ten institutional investors include Zhenghai Group Co., Ltd., Shandong State-owned Assets Investment Holding Co., Ltd., and others, with a combined holding ratio that decreased by 4.15 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, two public funds increased their holdings, including the Jiashi Zhongzheng Rare Earth Industry ETF and Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A, with an increase ratio of 0.51% [2] - Two new public funds disclosed their holdings this quarter, namely Huaxia Double Bond Bond A and Yinhe Junxin Mixed A, while 89 public funds were not disclosed compared to the previous quarter [2] - For social security funds, one new fund disclosed its holdings in Zhenghai Magnetic Materials, specifically the National Social Security Fund 602 Combination [3] Group 3 - Foreign investment sentiment showed an increase in holdings from one foreign fund, Hong Kong Central Clearing Limited, with an increase ratio of 0.23% [3]