Core Viewpoint - Fulei New Materials (605488.SH) reported a decline in institutional ownership in its Q3 2025 report, with a total of 8 institutional investors holding 27.32 million shares, representing 9.75% of the total share capital, a decrease of 1.49 percentage points from the previous quarter [1] Institutional Investors - A total of 8 institutional investors disclosed their holdings in Fulei New Materials, with a combined shareholding of 27.32 million shares, accounting for 9.75% of the total share capital [1] - The institutional ownership decreased by 1.49 percentage points compared to the previous quarter [1] Public Funds - Three public funds increased their holdings compared to the previous period, with a total increase in shareholding of 0.52% [1] - One new public fund disclosed its holdings this quarter, namely Zhezhang Smart Selection Leading Three-Year Holding Period A [1] - A total of 36 public funds did not disclose their holdings this quarter, including notable funds such as Qianhai Kaiyuan Jiaxin Mixed A and Huafu Technology Momentum Mixed A [1]

Group 1 - The core point of the news is that Huahong Technology's stock price increased by 5.03%, reaching 15.86 CNY per share, with a trading volume of 313 million CNY and a turnover rate of 3.60%, resulting in a total market capitalization of 9.954 billion CNY [1] - Huahong Technology, established on August 19, 2004, and listed on December 20, 2011, is primarily engaged in the recycling resource processing equipment business, comprehensive utilization of waste resources, elevator components, and rare earth waste utilization [1] - The main revenue composition of Huahong Technology includes: 49.56% from rare earth resource utilization, 23.77% from magnetic material sales, 10.45% from recycling resource processing equipment sales, 9.83% from elevator components sales, 4.68% from waste recovery and processing, and 1.71% from other sources [1] Group 2 - According to data from the top ten heavy positions of funds, one fund under Qianhai Kaiyuan holds a significant position in Huahong Technology, with Qianhai Kaiyuan Shengxin Mixed A (005541) holding 821,300 shares, accounting for 4.19% of the fund's net value, ranking as the eighth largest heavy position [2] - The Qianhai Kaiyuan Shengxin Mixed A fund has achieved a return of 53.71% this year, ranking 816 out of 8226 in its category, and a return of 49.78% over the past year, ranking 1003 out of 8099 [2]

Group 1 - The core point of the news is that Huahong Technology's stock price increased by 5.04% to 16.87 CNY per share, with a trading volume of 448 million CNY and a turnover rate of 4.83%, resulting in a total market capitalization of 10.588 billion CNY [1] - Huahong Technology, established on August 19, 2004, and listed on December 20, 2011, is located in Jiangyin City, Jiangsu Province. The company specializes in recycling resource processing equipment, comprehensive utilization of waste resources, elevator components, and rare earth waste utilization [1] - The main revenue composition of Huahong Technology includes: 49.56% from rare earth resource utilization, 23.77% from magnetic material sales, 10.45% from recycling resource processing equipment sales, 9.83% from elevator components sales, 4.68% from waste recovery and processing, and 1.71% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Qianhai Kaiyuan Fund has a significant position in Huahong Technology. The Qianhai Kaiyuan Shengxin Mixed A Fund (005541) held 821,300 shares in the second quarter, accounting for 4.19% of the fund's net value, ranking as the eighth largest holding [2] - The Qianhai Kaiyuan Shengxin Mixed A Fund has achieved a year-to-date return of 71.04%, ranking 353 out of 8238 in its category, and a one-year return of 65.86%, ranking 609 out of 8082 [2] - The fund manager, Yang Delong, has a tenure of 15 years and 48 days, with a total fund asset size of 1.961 billion CNY and a best return of 82.77% during his tenure. The co-manager, Shi Yan, has a tenure of 6 years and 150 days, managing assets of 504 million CNY with a best return of 65.63% [3]