Core Viewpoint - Fuhuang Steel Structure (002743.SZ) reported its Q3 2025 results, indicating a slight decline in institutional ownership compared to the previous quarter [1] Institutional Investors - As of October 30, 2025, three institutional investors disclosed holdings in Fuhuang Steel Structure A-shares, totaling 168 million shares, which represents 38.61% of the company's total equity [1] - The institutional investors include Anhui Fuhuang Construction Co., Ltd., Ping An Dazhong Fund - Ping An Bank - Zhongrong International Trust - Zhongrong - Ronghuit 18 Single Fund Trust, and China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund [1] - Compared to the previous quarter, the total institutional ownership percentage decreased by 0.50 percentage points [1] Public Funds - During this period, one new public fund was disclosed, namely Nuoan Multi-Strategy Mixed A [1] - A total of 14 public funds were not disclosed in this quarter compared to the previous one, including funds such as Jiaoyin Fixed Payment Dual Income Balanced Mixed, Dongfanghong Vision Value Mixed A, Jiaoyin Qijia Mixed A, Guotai Economic Preferred Mixed A, and Dongfanghong Vision Pioneer Mixed Initiation A [1]

Core Viewpoint - Jingtou Energy has experienced a decline for six consecutive trading days, with a cumulative drop of -6.31% [1] Company Overview - Hebei Jingtou Energy Investment Co., Ltd. was established on January 18, 1994, and serves as an important domestic capital operation platform under Hebei Construction Investment Group Co., Ltd. [1] - The company is a significant energy investment entity in Hebei Province, primarily engaged in the investment, construction, and operation management of energy projects, focusing on power generation [1] - Its main business includes coal-fired power generation and heating, while also investing in nuclear, wind, and hydropower projects [1] Shareholder Information - Two funds under China International Fund Management Co., Ltd. have entered the top ten shareholders of Jingtou Energy, with Jiyin Trend Mixed A increasing its holdings in Q2 of this year and Jiyin Regular Payment Balanced Mixed entering as a new shareholder [1] - Jiyin Trend Mixed A has achieved a year-to-date return of 11.23%, ranking 2627 out of 4449 in its category, while Jiyin Regular Payment Balanced Mixed has a year-to-date return of 12.50%, ranking 9 out of 58 [1] Fund Performance - Jiyin Trend Mixed A has shown a performance increase of 12.50% year-to-date, with a quarterly increase of 2.22% and a monthly increase of 7.95% [3] - The fund's performance is compared to the average of its peers, which recorded a year-to-date increase of 5.70% [3] Fund Manager Profiles - Yang Jinjing, the fund manager of Jiyin Trend Mixed A, has been with the company since May 6, 2020, and has a cumulative return of 179.42% during his tenure [5] - Huang Ding, the fund manager of Jiyin Regular Payment Balanced Mixed, has been with the company since September 29, 2021, with a return of 13.41% [6]

Core Viewpoint - Jingtou Energy has experienced a decline in stock price over three consecutive trading days, with a cumulative drop of -2.11% [1] Company Overview - Hebei Jingtou Energy Investment Co., Ltd. was established on January 18, 1994, and serves as a significant domestic capital operation platform under Hebei Construction Investment Group Co., Ltd. [1] - The company is a key energy investment entity in Hebei Province, primarily engaged in the investment, construction, and operation management of energy projects, focusing on power generation [1] - Jingtou Energy's main business includes coal-fired power generation and heating, with investments also in nuclear, wind, and hydropower projects [1] Shareholder Information - Two funds under China International Fund Management Co., Ltd. have entered the top ten shareholders of Jingtou Energy, including the Jiyin Trend Mixed A Fund, which increased its holdings in the first quarter of this year, and the Jiyin Regular Payment Dual Income Balanced Mixed Fund, which made a new entry [1] - The Jiyin Trend Mixed A Fund has a year-to-date return of 5.63%, ranking 1267 out of 4538 in its category, while the Jiyin Regular Payment Dual Income Balanced Mixed Fund has a year-to-date return of 0.13%, ranking 31 out of 59 [1] Fund Manager Profiles - Yang Jinjing, the fund manager of Jiyin Trend Mixed A, has been with the company since 2017 and has a background as a senior analyst at Changjiang Securities and a researcher at Huatai-PB Fund Management Co., Ltd. [4][5] - Huang Ding, the fund manager of Jiyin Regular Payment Dual Income Balanced Mixed Fund, joined the company in 2015 after working as a researcher at Bosera Asset Management Co., Ltd. [6] Fund Performance - The Jiyin Trend Mixed A Fund has a total asset size of 84.48 billion yuan, with a return of 165% since its inception [5] - The Jiyin Regular Payment Dual Income Balanced Mixed Fund has a total asset size of 31.52 billion yuan, with a return of -0.89% [6]