Core Insights - Xianheng International (605056.SH) released its semi-annual report for 2025, indicating significant institutional investor interest with 14 institutions holding a total of 294 million shares, representing 71.71% of the total share capital [1] Institutional Holdings - The top ten institutional investors collectively hold 70.10% of the shares, with a decrease of 1.45 percentage points compared to the previous quarter [1] - Major institutional investors include Hangzhou Xingrun Investment Co., Ltd., Hangzhou Xian Ning Investment Partnership, and Goldman Sachs Asia Strategic Pte. Ltd. [1] Public Fund Activity - Four public funds increased their holdings during this period, accounting for a 1.76% increase in shareholding [1] - Two new public funds disclosed their holdings, including Rongtong Leading Growth Mixed (LOF) A/B and Jiaoyin Qixin Mixed Initiation A [1]

Group 1 - Zhongji United (605305.SH) released its 2024 annual report on April 19, 2025, with 356 institutional investors holding a total of 81.7315 million A-shares, accounting for 38.46% of the total share capital [1] - The top ten institutional investors include companies such as Shichuang (Beijing) Technology Development Co., Ltd. and Kuwait Investment Authority, with their combined holding ratio at 21.22%, a decrease of 0.87 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, four funds increased their holdings, including Boda Huitai Preferred Mixed A and Morgan Stanley Thematic Preferred Mixed, with an increase ratio of 0.29% [2] - Seven public funds reduced their holdings, with a decrease ratio of 0.49%, including funds like E Fund High-end Manufacturing Mixed A and E Fund Environmental Theme Mixed A [2] - A total of 335 new public funds were disclosed this period, including funds like Jiao Yin Trend Mixed A and E Fund Industry Upgrade Mixed A [2]