Core Insights - Yuhua Tian (300815.SZ) released its semi-annual report for 2025, indicating significant institutional investor involvement with a total holding of 209 million shares, representing 52.42% of the company's total equity [1] Institutional Holdings - As of August 21, 2025, five institutional investors disclosed their holdings in Yuhua Tian, with a combined shareholding of 209 million shares [1] - The institutional investor group includes Tibet Tianzhirun Investment Management Co., Ltd., Shenzhen Xinhongtai Investment Management Co., Ltd., Tibet Yunneng Environmental Technology Co., Ltd., Dajia Life Insurance Co., Ltd. - Universal Products, and Hong Kong Central Clearing Limited [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 5.09 percentage points [1] Public Fund and Insurance Holdings - In the public fund category, one new public fund was disclosed this period, namely the CSI 2000 [1] - In the insurance sector, Dajia Life Insurance Co., Ltd. - Universal Products reduced its holdings, resulting in a slight decrease in its shareholding percentage [1] Foreign Investment - In terms of foreign investment, one foreign fund, Hong Kong Central Clearing Limited, reduced its holdings, with a decrease of 0.28% compared to the previous quarter [1]

Group 1 - Harmony Health Insurance Co., Ltd. plans to reduce its stake in Goldwind Technology by up to 1% during the period from August 1 to October 31, 2025, which amounts to approximately 42.22 million shares [2][4] - The initial reason for the reduction is stated as financial needs of Harmony Health, with an estimated cash realization of about 427 million yuan based on the closing price of 10.11 yuan per share on July 10 [2][4] - This is not the first time Harmony Health has reduced its stake in Goldwind Technology this year, having previously sold over 12.58 million shares between March 17 and April 2 [4][5] Group 2 - As of the latest announcement, Harmony Health holds approximately 474 million shares of Goldwind Technology, representing about 11.21% of the total share capital after excluding shares in the repurchase account [4] - Goldwind Technology is one of the earliest companies in China to enter the wind power equipment manufacturing sector, with main businesses including wind turbine manufacturing, wind power services, and investment in wind farms [4] - The net profit attributable to shareholders of Goldwind Technology is projected to decline by 36.12% and 44.16% in 2022 and 2023, respectively, before a potential increase of 39.78% in 2024 [4] Group 3 - Harmony Health has also reduced its stakes in other A-share companies, including Wanda Information and Guangwei Composite, during the first quarter of this year [6] - The company is undergoing a transformation process to address existing risks and adjust its asset-liability structure, which includes a shift from equity investments to more stable fixed-income products [7][8] - The insurance industry is seeing a trend where approximately 70% of assets are allocated to fixed-income investments, reflecting a broader strategy among insurers to stabilize returns amid market fluctuations [8]

Core Viewpoint - Ruizhong Life Insurance Co., Ltd. plans to reduce its stake in Tongzhou Electronics by selling up to 7.5244 million shares, representing no more than 1% of the company's total share capital within three months after the announcement of the reduction plan [1] Summary by Category - **Shareholding Changes** - Ruizhong Life Insurance currently holds 8.09% of Tongzhou Electronics' shares [1] - The planned reduction will occur through centralized bidding [1] - The reduction period is set for three months starting from fifteen trading days after the announcement [1]