| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | --- | --- | --- | --- | --- | --- | --- | | | 股份到目 | 景内 | | | 請參閱 拉 * 註 | 有投票權股 (日 / 月 / 年) | | | | | | | | 17 二次元 | | | | | | | | 96 | | CS20251125E00191 | JPMorgan Chase & Co. 1201(L) | | 1,593,302(L | HKD 59.1323 | 30.877.936(L | 6.91(L)20/11/2025 | | | | | | | 16,006,998(S) | 3.58(S) | | | | | | | 4,782,992(P) | 1.07(P) | 减持后，JPMorgan Chase & Co.最新持好仓数目为30,877,936股，持好仓比例由7.27%下降至6.91%。 | 股份代號: | 01772 | | --- | --- | ...

Summary of Key Points Core Viewpoint - On November 23, no A-share listed companies disclosed any increase in shareholding, while four companies announced share reductions [1]. Group 1: Companies with Share Reductions - Guangliwei: Shareholders Wuyuefeng and its concerted parties plan to reduce their holdings by no more than 2.2359% [2]. - Andar Intelligent: Shareholder Yizhitong intends to reduce its holdings by no more than 2.74% [2]. - Deepwater Haina: Shareholder Anyishenwater plans to reduce its holdings by no more than 1%, and some directors and supervisors intend to change their shareholding methods [2]. - Koshida: Director Li Chunying plans to reduce his holdings by no more than 0.07% [2].

Core Viewpoint - The controlling shareholder of Feilong Co., Ltd. plans to reduce its stake in the company through block trading, indicating potential changes in ownership dynamics [1] Group 1 - The controlling shareholder, Henan Wanxi Holdings Co., Ltd., intends to reduce its holdings by up to 11.4957 million shares [1] - The planned reduction represents no more than 2% of the company's total share capital [1]

Core Viewpoint - The rapid completion of a share reduction plan by Bull Group, with significant implications for its stock performance and shareholder dynamics [1][3]. Group 1: Share Reduction Details - The share reduction plan was announced on October 9 and completed within half a month, with a total of approximately 36.17 million shares sold, accounting for 2.00% of the company's total share capital [1][4]. - The total amount raised from the share reduction was approximately 1.456 billion yuan [4]. - The reduction was executed through block trading, with share prices ranging from 39.93 to 41.09 yuan per share [4]. Group 2: Market Impact - Following the initiation of the share reduction on October 31, the discount rate for block trades increased, starting at 5.91% and reaching 9% by November 14 [3]. - This increase in discount rate indicates a growing market perception of the stock's value amidst the reduction activity [3]. Group 3: Company Performance - Bull Group reported a decline in both revenue and net profit for the first three quarters of the year, with revenue at 12.198 billion yuan, down 3.22% year-on-year, and net profit at 2.979 billion yuan, down 8.72% year-on-year [5]. - The company is primarily focused on electrical connections, smart electrical lighting, and new energy sectors, and was founded in 1995 [4][5].

Group 1 - The major shareholder of Bull Group, Ruan Xueping, completed a significant share reduction plan, selling approximately 36.17 million shares, which accounts for 2.00% of the company's total equity, for a total amount of about 1.456 billion yuan within just half a month [1] - The share reduction plan was announced on October 9, and it was completed rapidly, with Ruan citing personal funding needs as the reason for the sale [1] - Following the initiation of the share reduction on October 31, the discount rate for block trades of the stock has been increasing, starting at 5.91% and reaching 9% by November 14 [1] Group 2 - Ruan Xueping, along with his co-controlling shareholder, holds approximately 1.533 billion shares of Bull Group, representing 84.76% of the total equity, indicating a strong controlling position [2] - In the first three quarters of the year, Bull Group reported a decline in both revenue and net profit, with revenue at 12.198 billion yuan, down 3.22% year-on-year, and net profit at 2.979 billion yuan, down 8.72% year-on-year [2]

Core Viewpoint - The announcement from Haishike (002653.SZ) reveals the completion of a share reduction plan by a significant shareholder, indicating a strategic move in the company's equity structure and potential implications for investor sentiment [1][2]. Share Reduction Details - The significant shareholder, Shen Ping, reduced her holdings by a total of 10,373,400 shares, which represents 0.926% of the company's total share capital [1][2]. - The reduction occurred between September 1, 2025, and November 14, 2025, with share prices ranging from 50.00 to 59.83 yuan, and an average selling price of 54.202 yuan per share [1][2]. - The total cash generated from this reduction amounted to approximately 562 million yuan [1]. Shareholder Background - Shen Ping, the spouse of the controlling shareholder Wang Junmin, initially held 20.9 million shares, accounting for 1.93% of the total share capital [3]. - Since March 14, 2023, Shen Ping has cumulatively reduced her holdings by 15,371,100 shares, realizing approximately 418 million yuan in cash [3][4]. Fundraising Activities - Haishike is planning to issue A-shares to specific investors, aiming to raise up to 1.245 billion yuan, which will be allocated for new drug research and to supplement working capital [2][3]. - The number of shares to be issued will not exceed 70 million, with CITIC Securities acting as the lead underwriter [2].

Core Insights - Bridgewater Associates, the world's largest hedge fund, significantly reduced its holdings in major tech stocks, including Nvidia, Google, Microsoft, META, and Amazon in Q3 2023 [1] Holdings Summary - As of the end of Q3 2023, Bridgewater's total portfolio value was approximately $25.5 billion, up from $24.8 billion at the end of Q2 2023 [1] - The top five holdings included IVV (iShares Core S&P 500 ETF), SPY (SPDR S&P 500 ETF), Google-A, Microsoft, and S&P 500, with Nvidia ranked sixth [1] Nvidia Holdings - Bridgewater held approximately 2.51 million shares of Nvidia at the end of Q3 2023, a reduction of about 65.3% from 7.23 million shares at the end of Q2 2023 [1] - This reduction follows a substantial increase of 154.4% in Nvidia holdings during Q2 2023, indicating a shift to a more cautious outlook on Nvidia's future performance [1] Other Major Reductions - In Q3 2023, Bridgewater also reduced its holdings in Google-A by over 50%, Microsoft by over 35%, META by 48%, and Amazon by nearly 10% [1]

Core Insights - Tiger Global Management, a hedge fund led by Chase Coleman, significantly reduced its investment in Meta Platforms, the parent company of Facebook, during the third quarter [1] Company Summary - The filing released on Friday indicates that Tiger Global Management has cut its stake in Meta Platforms [1]

Core Insights - Berkshire Hathaway sold $12 billion worth of stocks in the third quarter, continuing a trend of net selling over the years, with Apple and Bank of America being the primary targets for reduction [1][4] - The company also purchased $6.4 billion in stocks, primarily in the commercial and industrial sectors, indicating a strategic shift in investment focus [1][3] Group 1: Stock Sales and Purchases - The third quarter saw Berkshire sell $12.4 billion in stocks and buy $6.4 billion, resulting in a net sale of $6 billion [1][4] - The estimated reduction in Apple shares was about 35 million, while Bank of America shares were reduced by 50 to 100 million [1][2] - Berkshire's stock in Apple has decreased from approximately 900 million shares at the end of 2023 to 280 million shares [1][4] Group 2: Investment Strategy - The significant capital gains of approximately $10 billion were primarily linked to the long-term holdings in Apple and Bank of America, which have a lower cost basis [2] - The cost basis for Apple shares is estimated at around $35 per share, aligning with the reduction in the consumer goods category by about $1.2 billion [2] - New investments in the industrial sector indicate a strategic pivot, with a focus on companies like UnitedHealth Group, Lennar, and Nucor [3] Group 3: Long-term Trends - The trend of net selling has persisted for several years, with the third quarter's figures reinforcing this pattern [4] - Despite the significant reductions, Berkshire still holds substantial positions in both Apple and Bank of America, with approximately 245 million shares of Apple remaining and over 500 million shares of Bank of America [4]

Group 1 - Hermes Investment Management Ltd reduced its stake in China Petroleum & Chemical Corporation (03983) by approximately 254 million shares at an average price of HKD 2.48 per share, totaling around HKD 630 million [1] - After the reduction, Hermes Investment Management's latest holding is approximately 248 million shares, representing a holding ratio of 13.82% [1]