Group 1 - Green Energy Hui Charge (600212.SH) released its Q3 2025 report on October 31, 2025, indicating that 10 institutional investors disclosed holdings totaling 246 million shares, representing 34.95% of the company's total share capital [1] - The top ten institutional investors include Shenzhen Jinghong Yicheng Industrial Development Co., Ltd., Beihai Jingzhong Investment Co., Ltd., and others, with their combined holding ratio decreasing by 1.13 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Changcheng Industry Rotation Mixed A, increased its holdings by 0.23% compared to the previous period [2] - Two new public funds disclosed this quarter include Changxin Jinli Trend Mixed A and Huashan Cultural and Sports Health Flexible Allocation Mixed A, while 53 public funds were not disclosed compared to the previous quarter [2]

Core Insights - Fund manager Lv Jiawei oversees a total of 7 funds, with the best-performing fund in Q1 2025 being the Huaxia Low Carbon Economy One-Year Holding Mixed A, which achieved a net value increase of 8.97% [1] Fund Performance Summary - The Huaxia Growth Opportunity - One-Year Holding Mixed fund has a scale of 5.99 billion, with an annualized return of -16.85% and a Q1 2025 increase of 5.27% [2] - The Huaxia Core Growth Mixed A fund has a scale of 3.06 billion, with an annualized return of -13.36% and a Q1 2025 increase of 5.12% [2] - The Huaxia Energy Conservation and Environmental Protection Stock A fund has a scale of 2.59 billion, with an annualized return of 6.08% and a Q1 2025 increase of 7.23% [2] - The Huaxia Low Carbon Economy One-Year Holding Mixed A fund has a scale of 1.28 billion, with an annualized return of -15.67% and a Q1 2025 increase of 8.97% [2] - The Huaxia Low Carbon Economy - One-Year Holding Mixed C fund has a scale of 0.46 billion, with an annualized return of -16.26% and a Q1 2025 increase of 8.77% [2] - The Huaxia Core Growth Mixed C fund has a scale of 0.39 billion, with an annualized return of -13.96% and a Q1 2025 increase of 4.94% [2] - The Huaxia Energy Conservation and Environmental Protection Stock C fund has a scale of 0.09 billion, with an annualized return of -11.28% and a Q1 2025 increase of 7.07% [2] Investment Strategy and Performance - During Lv Jiawei's tenure as the fund manager of the Huaxia Energy Conservation and Environmental Protection Stock A fund, the cumulative return was 57.56%, with an average annualized return of 6.08% [4] - The fund had 97 instances of stock adjustments, with a success rate of 57.73% and 5 instances of doubling returns, achieving a multiple of 5.15 [4] Notable Stock Adjustments - The fund's notable stock adjustments include: - **Ningde Times**: Bought in Q3 2019 and sold in Q1 2023, yielding an estimated return of 471.42% with a net profit growth of 867.51% during the holding period [6] - **Bafang Shares**: Bought in Q2 2020 and sold in Q4 2020, yielding an estimated return of 92% with a net profit growth of 24.22% during the holding period [7] - **Haiyou New Materials**: Bought in Q4 2023 and sold in Q3 2024, yielding an estimated return of -57.86% with a revenue decline of 46.81% during the holding period [8]