Core Insights - Xinyada (600571.SH) reported its Q3 2025 results on October 31, 2025, highlighting a total institutional ownership of 96.70 million shares, representing 20.74% of the company's total equity [1] Institutional Ownership - Five institutional investors disclosed their holdings in Xinyada A-shares, with a total shareholding of 96.70 million shares, which is an increase of 0.16 percentage points compared to the previous quarter [1] - The institutional investors include Hangzhou Xinyada Electronics Co., Ltd., China Construction Bank Co., Ltd. - Huabao CSI Financial Technology Theme ETF, Ningbo Economic and Technological Development Zone Chunqiu Technology Development Co., Ltd., Yulin Qianshutai Mining Investment Co., Ltd., and Hong Kong Central Clearing Limited [1] Public Fund Holdings - One public fund, Huabao CSI Financial Technology Theme ETF, increased its holdings by 0.67% compared to the previous period [1] - A total of 43 public funds that were previously disclosed did not report their holdings this quarter, including notable funds such as Bosera Financial Technology ETF, CMB Jin'an Growth Select Mixed Fund, GF Convertible Bond A, Huaxia CSI Financial Technology Theme ETF, and Xin'ao Core Technology Mixed A [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.22% compared to the previous quarter [1]

Core Insights - Entropy Technology (301330.SZ) released its Q3 2025 report on October 29, 2025, indicating significant institutional ownership and changes in shareholding patterns [1] Institutional Ownership - As of October 28, 2025, a total of 9 institutional investors disclosed holdings in Entropy Technology A-shares, with a combined holding of 119 million shares, representing 50.43% of the total share capital [1] - The institutional ownership ratio decreased by 0.45 percentage points compared to the previous quarter [1] Public Fund Activity - In this period, 79 public funds were not disclosed compared to the previous quarter, including notable funds such as Baodao Growth Zhihang Stock A and Xinao Core Technology Mixed A [1] Foreign Investment Trends - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings compared to the previous quarter, indicating a slight decline in foreign investment [1]

Core Viewpoint - Hanbang High-Tech (300449.SZ) reported a decline in institutional ownership in its Q3 2025 financial results, with a total of 93.61 million shares held by two institutional investors, representing 24.25% of the total share capital, a decrease of 0.74 percentage points from the previous quarter [1] Institutional Ownership - As of October 28, 2025, there are two institutional investors holding shares in Hanbang High-Tech, with a combined holding of 93.61 million shares [1] - The total institutional ownership represents 24.25% of Hanbang High-Tech's total share capital [1] - Compared to the previous quarter, the institutional ownership percentage has decreased by 0.74 percentage points [1] Public Fund Disclosure - In this reporting period, 11 public funds were not disclosed compared to the previous quarter [1] - Notable public funds include Huaxia Stable Growth Mixed Fund, Xin'ao Core Technology Mixed A, and E Fund CSI Wind Merger and Acquisition Index (LOF) [1]

Core Insights - Hason Co., Ltd. (603958.SH) released its Q3 2025 report on October 28, 2025, indicating that institutional investors hold a total of 142 million shares, accounting for 64.56% of the total share capital [1] Institutional Holdings - A total of four institutional investors disclosed their holdings in Hason Co., Ltd., with a combined holding of 142 million shares, representing 64.56% of the total share capital [1] - The institutional holding percentage decreased by 0.98 percentage points compared to the previous quarter [1] Public Fund Activity - Eight public funds were disclosed in this period, including Xinao New Energy Industry Stock A, Xinao Zhiyuan Three-Year Holding Period Mixed A, Xinao Leading Smart Selection Mixed, Xinao Research Preferred Mixed A, and Xinao Core Technology Mixed [1] Foreign Investment Trends - One foreign fund, Hong Kong Xinrong Investment Co., Ltd., reduced its holdings compared to the previous quarter, showing a slight decline [1] - A new foreign institution, AMAZING NINGBO LIMITED, was disclosed in this period [1]

Core Insights - The latest fund rating report from Tianxiang Investment Advisory highlights that seven equity products from Xinda Australia Fund Management Co., Ltd. achieved the highest five-star rating due to their long-term stable performance and excellent risk control capabilities [1] - The competition for ratings was intense, with only less than 6% of the 723 actively managed equity funds receiving a five-year five-star rating, and less than 11% and 4% of the 2796 mixed equity funds receiving three-year and five-year five-star ratings, respectively [1] Performance Metrics - Xinda Australia's products, including Xinao Advanced Manufacturing Stock A, Xinao Star Yi Mixed A/C, Xinao New Energy Selected Mixed A, Xinao Medical Health Mixed A, and Xinao Prosperity Preferred Mixed A, all received three-year five-star ratings [1] - Xinao Core Technology Mixed A stood out by receiving both three-year and five-year five-star ratings, showcasing the company's strong performance across multiple products [1] - According to Guotai Junan Securities, as of June 30, 2025, Xinao Advanced Manufacturing Stock A ranked in the top 1/5 percentile of active stock open-end funds over the past five years, placing 66th out of 376 products [1] Investment Strategy - Xinda Australia has been enhancing its investment research system, aiming to establish a benchmark for all categories of equity investment and continuously optimizing its active management capabilities [1] - The company has gathered a team of experienced fund managers with over ten years of practical experience, who are adept at deep research to uncover valuable investment targets, thereby building a solid moat for long-term equity investments [1] Industry Context - The five-star rating has become the "gold standard" for measuring the comprehensive strength of products as the regulatory framework for fund rating systems continues to improve [1] - The collective achievement of seven products by Xinda Australia not only demonstrates the company's "group combat" advantage in equity investment but also sends a positive signal to the market that fundamental research and long-term value investing remain core paths to achieving excess returns in volatile markets [1]

Group 1 - The core viewpoint of the news is that Meixinsheng (688458.SH) reported its Q1 2025 results, highlighting significant institutional investor interest with 22 institutions holding a total of 47.68 million shares, representing 42.75% of the total share capital [1] - The top ten institutional investors collectively hold 41.74% of the shares, which is a decrease of 2.57 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings, accounting for 1.11% of the total, while seven funds reduced their holdings, indicating a slight decline [2] - One new public fund was disclosed during this period, while 71 funds were not disclosed again, indicating a shift in investor interest [2]