Core Insights - Xidi Micro (688173.SH) reported its Q3 2025 results, revealing that 13 institutional investors hold a total of 71.41 million shares, representing 17.38% of the company's total equity [1] - The top ten institutional investors collectively hold 17.36% of the shares, which is a decrease of 2.45 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Xidi Micro shares has remained stable, with a total of 13 investors disclosing their holdings [1] - The top ten institutional investors include notable entities such as Chongqing Weichun Enterprise Management Consulting Co., Ltd. and Hong Kong Central Clearing Limited [1] Public Fund Activity - Two public funds increased their holdings in this period, including E Fund CSI 1000 Quantitative Enhanced A and Penghua Smart Investment Digital Economy Mixed A, with a slight increase in the proportion of shares held [2] - Six new public funds disclosed their holdings, including notable funds like China Merchants CSI 1000 Enhanced Strategy ETF and Wan Ke Growth Enterprise Board Index Enhanced A [2] - A total of 84 public funds did not disclose their holdings in this period, indicating a significant turnover in public fund participation [2] Foreign Investment - One new foreign institutional investor disclosed its holdings in this period, specifically Hong Kong Central Clearing Limited [2]

Core Insights - Zhongke Lanyun has experienced a decline for five consecutive trading days, with a cumulative drop of -4.66% [1] - The company is recognized as a leading integrated circuit design enterprise in China and has received multiple accolades, including being a "little giant" enterprise and a national high-tech enterprise [1] Company Overview - Zhongke Lanyun Technology Co., Ltd. was established in 2016 and is listed under stock code 688332 [1] - The company has been awarded the "China Chip Excellent Market Performance Award" multiple times, highlighting its market value [1] Shareholder Activity - Two funds under Xinda Australia Fund have entered the top ten shareholders of Zhongke Lanyun, with Xinao New Energy Industry Stock A making a new entry and Xinao Advanced Manufacturing Stock A increasing its holdings in the second quarter of this year [1] - Xinao New Energy Industry Stock A has achieved a year-to-date return of 7.82%, ranking 657 out of 983 in its category, while Xinao Advanced Manufacturing Stock A has a year-to-date return of 16.25%, ranking 379 out of 983 [1] Fund Manager Profiles - Feng Mingyuan, the fund manager for Xinao New Energy Industry Stock A, has been with Xinda Australia Fund since January 2014 and currently serves as the Chief Investment Officer [4][5] - Qi Xingfang, the fund manager for Xinao Advanced Manufacturing Stock A, joined Xinda Australia Fund in January 2021 and has a background in engineering and finance [5][7]