Core Viewpoint - Liba Co., Ltd. (603519.SH) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings and the presence of a new public fund [1] Group 1: Institutional Holdings - As of August 25, 2025, three institutional investors disclosed holdings in Liba Co., Ltd., totaling 70.92 million shares, which represents 26.63% of the company's total share capital [1] - The institutional investor group includes Yancheng Dongfang Investment Development Group Co., Ltd., China Merchants Bank Co., Ltd. - SSE Dividend ETF, and China Merchants CSI 300 Index Enhanced A [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.20 percentage points [1] Group 2: Public Fund Activity - During this reporting period, one new public fund was disclosed, namely China Merchants CSI 300 Index Enhanced A [1]

Core Viewpoint - Bailong Oriental (601339.SH) reported a decrease in institutional ownership in its A-shares, indicating a potential shift in investor sentiment [1] Institutional Ownership - As of August 14, 2025, five institutional investors disclosed holding a total of 702 million shares of Bailong Oriental, representing 46.82% of the company's total share capital [1] - The institutional ownership decreased by 4.22 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Huatai-PB SSE Dividend ETF, reduced its holdings by 0.48% compared to the previous quarter [1] - Two public funds, Xingquan Business Model Mixed (LOF) A and Xingquan New Vision Periodic Open Mixed Initiated, were not disclosed in this period compared to the last quarter [1]

Core Insights - Erdos (600295.SH) released its 2024 annual report on April 15, 2025, indicating that 243 institutional investors held a total of 1.716 billion A-shares, accounting for 61.33% of the total share capital [1] - The top ten institutional investors collectively held 60.08% of the shares, with a decrease of 1.26 percentage points compared to the previous quarter [1] Institutional Investor Summary - The top ten institutional investors include Inner Mongolia Erdos Cashmere Group, China Merchants Bank - SSE Dividend ETF, Hong Kong Central Clearing Limited, and several others [1] - In the public fund sector, four funds increased their holdings, representing a 0.52% increase, while three funds decreased their holdings slightly [2] - A total of 232 new public funds were disclosed this period, including several ETFs focused on dividends and indices [2] Insurance and Foreign Investment Summary - In the insurance sector, two insurance funds reduced their holdings slightly [2] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.11% [2]

Group 1 - The core viewpoint of the news is that as of March 21, 2025, institutional investors hold a significant portion of Shenzhen Expressway's shares, with the top ten institutions accounting for 58.26% of the total shareholding [1] - A total of 19 institutional investors have disclosed their holdings in Shenzhen Expressway, with a combined shareholding of 1.271 billion shares, representing 58.28% of the company's total equity [1] - The top ten institutional investors include notable entities such as New Tongchan Industrial Development (Shenzhen) Co., Ltd. and Shenzhen Shenguanghui Highway Development Co., Ltd., among others [1] Group 2 - In the public fund sector, there was a slight increase in holdings from one fund, Huatai-PB SSE Dividend ETF, while one fund, Invesco Great Wall CSI Low Volatility 100 ETF, saw a slight decrease in holdings [2] - A total of 12 new public funds have disclosed their holdings this period, including Guolian High Dividend Mixed A and Qianhai Kaiyuan Refinance Stock [2] - One public fund, Huatai Zijin Value Vision 18-Month Holding Mixed A, was not disclosed in the previous quarter [2]