外资态度来看，本期较上一季度新披露的外资机构有 1 家 ，即J.P.Morgan Securities PLC-自有资金。本 期较上一季未再披露的外资机构包括BARCLAYS BANK PLC、高盛国际-自有资金。 2025年10月27日，凤形股份(002760.SZ)发布2025年第三季报。截至2025年10月26日，共有5个机构投资 者披露持有凤形股份A股股份，合计持股量达2873.84万股，占凤形股份总股本的26.61%。其中，机构 投资者包括青海西部铟业有限责任公司、深圳大华信安私募证券基金管理企业(有限合伙)-信安成长一号 私募证券投资基金、深圳大华信安私募证券基金管理企业(有限合伙)-信安成长核心价值私募证券投资基 金、J.P.Morgan Securities PLC-自有资金、杭州安桦资产管理有限公司-安桦云海1号私募证券投资基金， 机构投资者合计持股比例达26.61%。相较于上一季度，机构持股比例合计下跌了6.29个百分点。 公募基金方面，本期较上一季未再披露的公募基金共计22个，主要包括中信保诚多策略混合(LOF)A、 诺安多策略混合A、中信保诚景气优选混合A、交银智选星光混合(FOF-L ...

Core Insights - New Life (301323.SZ) released its Q3 2025 report on October 27, 2025, indicating significant institutional investor interest in its A-shares [1] Institutional Holdings - As of October 26, 2025, six institutional investors disclosed holdings in New Life, totaling 67.8463 million shares, which represents 64.66% of the company's total equity [1] - The institutional investors include Ningbo New Life Proprietary Fund Investment Partnership, Guangzhou Yishang Investment Co., Ltd., Jun Cai Co., Ltd., Fuyi Hong Kong Co., Ltd., Shenzhen Qianhai Chunyang Asset Management Co., Ltd., and CITIC Securities [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.67 percentage points [1] Public Fund Disclosures - In this period, 64 public funds were not disclosed compared to the previous quarter, including notable funds such as the Bank of Communications New Vitality Flexible Allocation Mixed A, Nuon Research Selected Stocks, and Postal Research Selected Mixed [1]

Core Insights - Calet (301391.SZ) reported its Q3 2025 results, revealing that 12 institutional investors disclosed holdings in Calet A-shares, totaling 64.55 million shares, which accounts for 67.94% of the total share capital [1] - The top ten institutional investors collectively hold 67.94% of the shares, with a decrease of 1.89 percentage points compared to the previous quarter [1] Institutional Holdings - A total of 12 institutional investors have disclosed their holdings in Calet A-shares, with a combined holding of 64.55 million shares [1] - The top ten institutional investors include various companies such as Shenzhen Sanhan Bangtai Technology Co., Ltd. and Chongqing Jichuang Yuyuan Equity Investment Fund Partnership [1] - The proportion of shares held by the top ten institutional investors has decreased by 1.89 percentage points from the last quarter [1] Public Fund Disclosures - Three new public funds were disclosed this quarter, including Rongtong Growth Enterprise Index A/B and two others [2] - A total of 35 public funds were not disclosed this quarter, including notable funds like the China Securities 2000 and others [2]

Core Viewpoint - Tianyi Medical (301097.SZ) reported a decline in institutional ownership in its Q3 2025 financial results, with a total of 4 institutional investors holding 1.4158 million shares, representing 2.40% of the total share capital, down by 1.10 percentage points from the previous quarter [1] Institutional Investors - A total of 4 institutional investors disclosed their holdings in Tianyi Medical, with a combined shareholding of 1.4158 million shares [1] - The institutional investors include: - China Merchants Bank Co., Ltd. - Penghua Hongjia Flexible Allocation Mixed Securities Investment Fund - Shanghai Xishirun Investment Management Co., Ltd. - Xishirun Beiyue No. 3 Private Securities Investment Fund - Jiangsu Zhaoxin Private Fund Management Co., Ltd. - Zhaoxin Collective No. 1 Private Securities Investment Fund - Industrial and Commercial Bank of China Co., Ltd. - CITIC Prudential Multi-Strategy Flexible Allocation Mixed Securities Investment Fund (LOF) [1] - The total institutional ownership percentage decreased to 2.40% 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] - A total of 49 public funds were not disclosed in this quarter compared to the previous quarter, including: - Yuanxin Yongfeng Ju You A - Yuanxin Yongfeng Medical Health A - Nuoan Multi-Strategy Mixed A - Yuanxin Yongfeng Xingyuan A - Penghua Double Bonds Poly Bond B [1]

Core Insights - Qingmu Technology (301110.SZ) reported its Q3 2025 results on October 27, 2025, revealing that 8 institutional investors hold a total of 14.1285 million A-shares, accounting for 15.27% of the company's total share capital [1] - The institutional holding percentage decreased by 2.59 percentage points compared to the previous quarter [1] Institutional Holdings - The institutional investors include Ningbo Yunyi Investment Partnership, Dongtai Qian Duoyue Enterprise Management Partnership, Dongtai Yishan Enterprise Management Partnership, Dongtai Yiqian Enterprise Management Partnership, Industrial and Commercial Bank of China - Huashan Media Internet Mixed Securities Investment Fund, National Social Security Fund 111 Portfolio, Galaxy Cultural and Sports Entertainment Mixed A, and Galaxy Consumer Mixed A [1] - The total institutional holding percentage is now at 15.27%, down from the previous quarter [1] Public Fund Disclosures - Three new public funds disclosed their holdings in Qingmu Technology this quarter, including Huashan Media Internet Mixed A, Galaxy Cultural and Sports Entertainment Mixed A, and Galaxy Consumer Mixed A [1] - A total of 49 public funds that previously disclosed their holdings did not do so this quarter, including Xinao Youxiang Life Mixed A, Xinhua Preferred Dividend Mixed A, Dongfanghong Ruihe Three-Year Holding Mixed A, Huaxia Xingyang One-Year Holding Mixed, and Huashan Cultural and Sports Health Flexible Allocation Mixed A [1] Social Security Fund - One new social security fund disclosed its holdings in Qingmu Technology this quarter, specifically the National Social Security Fund 111 Portfolio [1]

Core Insights - Favored Tech Corporation Limited (菲沃泰) reported its Q3 2025 financial results, revealing that as of October 24, 2025, seven institutional investors held a total of 233 million shares, representing 69.41% of the company's total equity [1] - The institutional ownership percentage decreased by 3.22 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Favored Tech Corporation Limited, Wuxi Fina Enterprise Management Partnership, Shenzhen China Resources Capital Equity Investment, China Construction Bank's Guoshou Anbao Smart Life Fund, Qingdao Yirong United Equity Investment Management Center, Shanghai Fuhe Private Fund Management, and Beijing Woyan Capital Management Center [1] - The total institutional ownership is significant, indicating strong interest from major investment entities [1] Public Funds - In this reporting period, 89 public funds were disclosed, including notable funds such as Southern Zhihong Mixed A, Guotai Shanghai Composite ETF, and Jianxin Shanghai Composite Smart Selection Sci-Tech Innovation Value ETF [1] - The absence of previously disclosed public funds suggests a shift in investment strategies or market conditions [1]

Core Viewpoint - Deep Keda (688328.SH) reported a decline in institutional ownership in its third-quarter report for 2025, indicating a potential shift in investor sentiment [1] Institutional Ownership - As of October 24, 2025, there are 2 institutional investors holding shares in Deep Keda, with a total holding of 5.7228 million shares, representing 6.06% of the total share capital [1] - The institutional ownership percentage has decreased by 3.06 percentage points compared to the previous quarter [1] Public Fund Activity - One new public fund disclosed its holdings during this period, specifically the Dachen Zhongzheng 360 Internet + Index A [1] - A total of 105 public funds that were previously disclosed have not reported their holdings this quarter, including notable funds such as招商量化精选股票发起式A, 招商成长量化选股股票A, and 大成景恒混合A [1]

Group 1 - Junpu Intelligent (688306.SH) reported its Q3 2025 results, with 9 institutional investors holding a total of 836 million shares, representing 68.07% of the total share capital [1] - The institutional holding percentage decreased by 1.51 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 2 funds increased their holdings, including Huaxia CSI Robot ETF and Tianhong CSI Robot ETF, with an increase ratio of 0.28% [2] - One public fund, Southern CSI 1000 ETF, reported a slight decrease in holdings compared to the previous quarter [2] - 100 public funds did not disclose their holdings this quarter, including Huaxia CSI 1000 ETF and others [2] Group 3 - One new foreign institution disclosed its holdings this quarter, namely Hong Kong Central Clearing Limited [2]

Group 1 - The core viewpoint of the news is that Xingsheng Zhitong (002355.SZ) reported a decline in institutional investor holdings in its Q3 2025 report, with a total of 1.07 billion shares held by three institutional investors, accounting for 16.04% of the total share capital, down by 2.49 percentage points from the previous quarter [1] Group 2 - Three institutional investors disclosed their holdings, including Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd., Yantai Xingsheng Intelligent Technology Co., Ltd., and Wanjia Fund - Industrial Bank - Wanjia Fund Yinghai Asset Management Plan [1] - In the public fund sector, 14 public funds were not disclosed in this period compared to the previous quarter, including E Fund Yibai Intelligent Quantitative Strategy Mixed A, China Merchants CSI 500 Equal Weight Index Enhanced A, and others [1] Group 3 - From the foreign investment perspective, foreign institutions that were not disclosed in this period compared to the previous quarter include BARCLAYS BANK PLC and Goldman Sachs International - Proprietary Funds [2]

Group 1 - The core point of the news is that CaiXun Co., Ltd. (300634.SZ) reported its Q3 2025 results, highlighting a decrease in institutional ownership compared to the previous quarter [1] - As of October 24, 2025, a total of 8 institutional investors hold shares in CaiXun, with a combined holding of 185 million shares, representing 41.07% of the total share capital [1] - The institutional ownership decreased by 1.06 percentage points compared to the previous quarter [1] Group 2 - Among public funds, one fund, the Southern CSI 1000 ETF, reported a slight decrease in holdings compared to the previous quarter [1] - A total of 147 public funds did not disclose their holdings this quarter, including notable funds such as the China Europe Science and Technology Innovation Theme Mixed Fund (LOF) A and the Huaxia CSI 1000 ETF [1] - In terms of foreign investment, one new foreign institution, Hong Kong Central Clearing Limited, disclosed its holdings this quarter [2]