Core Viewpoint - Lu Shan New Materials (603051.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 29, 2025, five institutional investors disclosed holdings in Lu Shan New Materials, totaling 4.6105 million shares, which represents 3.02% of the company's total share capital [1] - The institutional ownership percentage decreased by 3.71 percentage points compared to the previous quarter [1] Public Fund Holdings - In this reporting period, 29 public funds were disclosed, including notable funds such as Guojin Quantitative Multi-Factor A, Guojin Quantitative Selected A, and others [1] Foreign Investment - One new foreign institutional investor, J.P. Morgan Securities PLC - proprietary funds, was disclosed in this quarter, indicating a cautious approach from foreign investors [1]

Core Viewpoint - The report indicates a decline in institutional ownership in Jingwei Huikai, with a total of 36.39 million shares held by three institutional investors, representing 6.33% of the total share capital, down by 1.93 percentage points from the previous quarter [1] Institutional Ownership - As of October 28, 2025, three institutional investors disclosed their holdings in Jingwei Huikai, totaling 36.39 million shares, which is 6.33% of the company's total share capital [1] - The institutional investors include Tibet Qingya Enterprise Management Partnership, Yongzhou Hengda Weiye Commercial Investment Management, and Hong Kong Central Clearing Limited [1] - The institutional ownership percentage decreased by 1.93 percentage points compared to the previous quarter [1] Public Fund Participation - In the current period, 19 public funds were not disclosed compared to the previous quarter, including Zhongzheng 2000, Huaxia Panyi One-Year Open Mixed Fund, Huaxia Panrui One-Year Open Mixed Fund A, Southern Zhongzheng 2000 ETF, and GF Guozheng 2000 ETF [1] Foreign Investment Attitude - One new foreign institutional investor disclosed its holdings this quarter, which is Hong Kong Central Clearing Limited [1]

Core Viewpoint - Tianyuan Intelligent (603273.SH) reported its Q3 2025 results, highlighting a notable increase in institutional ownership and the presence of foreign investors [1] Institutional Ownership - As of October 27, 2025, six institutional investors disclosed holdings in Tianyuan Intelligent A-shares, totaling 19.4226 million shares, which represents 9.06% of the company's total equity [1] - The institutional ownership increased by 0.34 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 36 public funds were disclosed, including notable funds such as CITIC Jiantou Vision Return A, Western Leading CSI 1000 Index Enhanced A, and Southern CSI 2000 ETF [1] Foreign Investment - One new foreign institution, J.P. Morgan Securities PLC - proprietary funds, was disclosed this quarter, while Barclays Bank PLC was not reported in this period [1]

Core Insights - Lanwei Medical (301060.SZ) released its Q3 2025 report, indicating that as of October 27, 2025, four institutional investors hold a total of 179 million shares, representing 44.67% of the company's total equity [1] - The institutional ownership decreased by 2.16 percentage points compared to the previous quarter [1] - A total of 50 public funds were disclosed this period, including notable funds such as GF Quantitative Multi-Factor Mixed A and E Fund CSI 2000 Index Enhanced A [1] - One new foreign institution, BARCLAYS BANK PLC, disclosed its holdings this quarter [1]

Core Viewpoint - Xinan Technology (301170.SZ) reported its Q3 2025 results, highlighting a decrease in institutional ownership and changes in public fund holdings [1] Institutional Holdings - As of October 27, 2025, five institutional investors disclosed holdings in Xinan Technology, totaling 3.9024 million shares, which represents 3.90% of the company's total share capital [1] - The institutional ownership decreased by 1.69 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Zhongjia Specialized New Quantitative Stock Mixed Initiation A, increased its holdings by 0.27% compared to the previous period [1] - One new public fund, Nuoan Multi-Strategy Mixed A, was disclosed this quarter [1] - A total of 50 public funds were not disclosed this quarter, including notable funds such as Huaxia Zhisheng New Sharp Stock A and GF Baifa Big Data Growth Mixed A [1] Foreign Investment - One foreign institution, BARCLAYS BANK PLC, was not disclosed in this quarter compared to the previous quarter [1]

Group 1 - The core point of the news is that Tailin Bio (300813.SZ) reported its Q3 2025 results, revealing a total of 7 institutional investors holding shares, which amounts to 9.9005 million shares or 8.17% of the total share capital, with a decline of 1.10 percentage points compared to the previous quarter [1] - Institutional investors include Qingdao Gaode Investment Partnership, Zhejiang Tailin Biotechnology Co., Ltd. - 2025 Employee Stock Ownership Plan, and UBS AG among others, indicating a diverse range of institutional interest [1] - The report also mentions that 23 public funds were not disclosed in this period compared to the previous quarter, including notable funds such as NuAn Duo Strategy Mixed A and China Europe CSI 300 Index Quantitative Enhancement A [1] Group 2 - From the foreign investment perspective, there was one new foreign institution disclosed this quarter, which is CITIC Securities Asset Management (Hong Kong) Co., Ltd. - Client Funds [2] - The report indicates that several foreign institutions, including BARCLAYS BANK PLC and Goldman Sachs, were not disclosed in this period compared to the previous quarter, suggesting a potential shift in foreign investment interest [2]

Core Insights - ZTE Information (688258.SH) reported its Q3 2025 results, revealing that as of October 23, 2025, eight institutional investors held a total of 9.866 million shares, representing 8.14% of the company's total equity, a decrease of 1.78 percentage points from the previous quarter [1] Institutional Holdings - The total institutional holding in ZTE Information decreased by 1.78 percentage points compared to the previous quarter [1] - The institutional investors include major entities such as Industrial and Commercial Bank of China and various mutual funds [1] Public Fund Activity - One public fund, Debon Stable Growth Flexible Allocation Mixed A, increased its holdings by 0.50% compared to the previous quarter [2] - Two public funds, Nuon Active Return Mixed A and Huashan Small and Medium Cap Growth Mixed, reduced their holdings by a total of 0.31% [2] - A total of 284 public funds did not disclose their holdings this quarter, including several notable funds [2] Social Security Fund Involvement - Two new social security funds disclosed their holdings in ZTE Information, namely the National Social Security Fund 114 Portfolio and the National Social Security Fund 418 Portfolio [2] Foreign Investment - J.P. Morgan Securities PLC did not disclose its holdings in the current quarter, indicating a lack of foreign investment reporting [3]

Group 1 - The core viewpoint of the news is that Jiejia Weichuang (300724.SZ) has reported its semi-annual results for 2025, highlighting significant institutional investment in the company [1] - As of August 27, 2025, a total of 26 institutional investors disclosed holdings in Jiejia Weichuang A-shares, with a combined holding of 21.1033 million shares, representing 6.07% of the total share capital [1] - The top ten institutional investors collectively hold 6.01% of the shares, with an increase of 1.38 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one public fund, E Fund ChiNext ETF, reported a slight decrease in holdings compared to the previous quarter [2] - A total of 19 new public funds were disclosed this quarter, including funds such as Chuang 50 ETF and Low Carbon ETF [2] - One new foreign institution, Hong Kong Central Clearing Limited, disclosed its holdings this quarter [2]