Core Viewpoint - The article analyzes the latest A-share holdings of major private equity firms in China, highlighting their investment preferences and market performance as of the end of Q3 2025. Group 1: Overview of Holdings - As of October 31, 2025, 35 private equity firms held a total market value of approximately 718.57 billion yuan in A-shares, with notable firms like Gao Yi and Guo Feng Xing Hua each holding around 230 billion yuan [2][3]. - Among these firms, 18 increased their positions, while 34 reduced their holdings, indicating a preference for long-term investments [2][3]. Group 2: Performance of Major Private Equity Firms - Gao Yi Asset and Guo Feng Xing Hua are the only firms with holdings exceeding 230 billion yuan, while firms like Xuan Yuan Investment and A Ba Ma Investment also showed significant holdings [3][4]. - The average increase in the stock prices of the top holdings by these private equity firms was 26.68%, outperforming the Shanghai Composite Index during the same period [3][4]. Group 3: Notable Stock Performances - A total of 44 stocks held by these private equity firms saw price increases exceeding 50%, with significant contributions from the machinery and electronics sectors [5]. - ST Zhen Tong, heavily invested by A Ba Ma Investment and Xuan Yuan Investment, experienced a remarkable price increase of over 139% in the first three quarters [5]. Group 4: Specific Holdings and Changes - Gao Yi Asset's top holdings include Hikvision and Zijin Mining, with the latter seeing a price increase of over 99% in the first three quarters of 2025 [10][12]. - Xuan Yuan Investment's largest holding is Dongfang Shenghong, with a market value nearing 1.4 billion yuan and a price increase of approximately 16% [14]. Group 5: Investment Strategies - The investment strategies of these private equity firms vary, with 18 firms employing subjective strategies, 11 using quantitative methods, and 4 adopting a combination of both [3][4]. - A Ba Ma Investment, known for its quantitative approach, has shown strong performance, with its holdings primarily in the machinery and electronics sectors [18][19].

Group 1 - The stock price of Zhiwei Intelligent closed at 69.10 yuan on August 26, 2025, down 1.67% from the previous trading day [1] - The stock experienced significant volatility, reaching a high of 77.30 yuan and a low of 67.31 yuan, with an amplitude of 14.22% and a trading volume of 2.31 billion yuan [1] - Zhiwei Intelligent specializes in the research, production, and sales of IoT devices and solutions, including smart terminals and edge computing devices, and operates in the computer equipment manufacturing industry based in Guangdong Province [1] Group 2 - On August 26, the stock price of Zhiwei Intelligent showed rapid fluctuations, with a quick drop of over 2% within 5 minutes at 9:36 AM, followed by a rebound of over 2% within 5 minutes at 10:25 AM [1] - Data on capital flow indicated a net outflow of 222 million yuan from Zhiwei Intelligent on August 26, accounting for 2.7% of its circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 68.33 million yuan, representing 0.83% of the circulating market value [1]

Group 1 - The latest stock price of Yuyin Co., Ltd. is 6.61 yuan, with an increase of 0.14 yuan, representing a rise of 2.16% compared to the previous trading day [1] - The trading volume for the day was 740,275 hands, with a total transaction amount of 487 million yuan [1] - Yuyin Co., Ltd. specializes in the research, development, production, sales, and service of financial self-service equipment and related system software, operating within the computer equipment manufacturing industry and involving concepts such as blockchain and biometrics [1] Group 2 - As of the end of the first quarter, Yuyin Co., Ltd. has a debt-to-asset ratio of less than 10%, which is considered low within the industry [1] - The recent increase in activity in the mergers and acquisitions market has drawn attention to companies with low debt ratios [1]

Group 1 - The stock price of Xinguodu is 29.08 yuan as of August 8, 2025, down 0.82% from the previous trading day, with a trading volume of 864 million yuan and a turnover rate of 6.76%, resulting in a total market capitalization of 16.497 billion yuan [1] - Xinguodu's main business includes the research, production, and sales of financial payment terminal equipment, primarily focusing on POS terminals and password keyboards, operating within the computer equipment manufacturing industry and involving mobile payments and IoT [1] - Ant Group's financial technology division is expanding its RWA (Real World Asset) business, with Xinguodu identified as a related concept stock; RWA refers to the process of tokenizing real-world assets through blockchain technology to enhance asset liquidity [1] Group 2 - On August 8, 2025, the net inflow of main funds into Xinguodu was 13.49 million yuan, accounting for 0.11% of the circulating market value, while over the past five days, the net outflow of main funds was 85.84 million yuan, representing 0.68% of the circulating market value [1]