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Core Viewpoint - Zongheng Co., Ltd. (688070.SH) reported its Q3 2025 results, indicating a slight decline in institutional investor holdings compared to the previous quarter [1] Institutional Holdings - As of October 27, 2025, three institutional investors disclosed holdings in Zongheng Co., Ltd., totaling 14.73 million shares, which represents 16.82% of the company's total share capital [1] - The institutional holding percentage decreased by 0.32 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Yongying Low Carbon Environmental Smart Selection Mixed Fund A, increased its holdings during this period, with an increase rate of 2.40% [1] - A total of 68 public funds did not disclose their holdings in this quarter, including notable funds such as Changxin National Defense Military Industry Quantitative Mixed A and Huashang Advantage Industry Mixed A [1]

Core Viewpoint - Yongyue Technology (603879) announced that its actual controller, Chen Xiang, has been placed under residential surveillance due to an investigation related to the violation of information disclosure regulations [1] Company Overview - Yongyue Technology was established in 2011 and primarily engages in the research, production, and sales of synthetic resins, mainly unsaturated polyester resin (UPR) [1] - The company has expanded into the drone industry by establishing a wholly-owned subsidiary, Yancheng Yongyue Intelligent Equipment Co., Ltd., in Dafeng District, Yancheng City, Jiangsu Province in 2022 [1] Recent Developments - Chen Xiang is currently not holding any position as a director, supervisor, senior management, or any other role within the company, and the company's daily operations are proceeding normally [1] - Chen Xiang has faced multiple issues over the past year related to information disclosure violations, including being subjected to administrative penalties and market bans [1] Shareholder Information - As of June 30, 2025, Yongyue Technology had 21,540 shareholders, an increase of over 10,000 compared to the end of the first quarter of 2025 [1] - As of September 12, 2025, the market capitalization of Yongyue Technology was 2.3 billion yuan [1]