Core Viewpoint - Tianhe Defense experienced a 5.15% increase in stock price, reaching 14.10 CNY per share, with a trading volume of 304 million CNY and a turnover rate of 5.47%, resulting in a total market capitalization of 7.299 billion CNY [1] Company Overview - Xi'an Tianhe Defense Technology Co., Ltd. was established on May 8, 2004, and listed on September 10, 2014. The company specializes in the research, development, production, sales, and technical trade of reconnaissance, command, and control systems, primarily based on continuous wave radar technology and optoelectronic detection technology [1] - The revenue composition of the company is as follows: 88.06% from electronic materials and components manufacturing, 12.17% from military equipment manufacturing, 4.26% from technology development, data services, and others, 1.63% from other electronic equipment manufacturing, 0.92% from other sources, and 0.07% from civilian product trade [1] Fund Holdings - According to data, one fund under Huaxia Fund holds a significant position in Tianhe Defense. The Huaxia National Index 2000 Enhanced Initiation A (018292) held 16,700 shares in the third quarter, accounting for 0.84% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has a current scale of 17.5028 million CNY and has achieved a year-to-date return of 35.84%, ranking 1117 out of 4208 in its category. Over the past year, it has returned 40.03%, ranking 832 out of 3956, and since inception, it has returned 30.13% [2] Fund Manager Information - The fund manager of Huaxia National Index 2000 Enhanced Initiation A (018292) is Sun Ranyue, who has been in the position for 3 years and 140 days. The total asset size of the fund is 923 million CNY, with the best return during the tenure being 72.01% and the worst return being -11.09% [3]

Group 1 - The core point of the news is the performance and financial details of Shanghai Chipway Technology Co., Ltd., which saw a stock price increase of 5.57% to 69.95 CNY per share, with a total market capitalization of 8.226 billion CNY [1] - The company specializes in the research and sales of power semiconductors, with its main business revenue composition being 90.93% from power devices and 9.07% from power ICs [1] - The company was established on November 26, 2009, and went public on December 1, 2021 [1] Group 2 - According to data from the top ten holdings of funds, Huaxia Fund has a significant position in Chipway Technology, with the Huaxia National Index 2000 Enhanced Initiation A Fund holding 2,400 shares, accounting for 0.83% of the fund's net value [2] - The fund has achieved a year-to-date return of 37.08%, ranking 1158 out of 4217 in its category, and a one-year return of 34.63%, ranking 877 out of 3957 [2] - The fund manager, Sun Ranyue, has been in position for 3 years and 138 days, with the fund's total asset size at 923 million CNY [3]

Group 1 - Core viewpoint: Chip导科技 (688230.SH) reported its Q3 2025 results, highlighting significant institutional and public fund holdings [1] - As of October 30, 2025, six institutional investors disclosed holdings in Chip导科技, totaling 54.2185 million shares, which represents 46.10% of the company's total equity [1] - The institutional holding percentage decreased by 0.28 percentage points compared to the previous quarter [1] Group 2 - One new public fund disclosed this quarter, namely 华夏国证2000指数增强发起式A [1] - A total of 39 public funds were not disclosed this quarter, including various ETFs and bond funds [1] - In terms of foreign investment, Goldman Sachs LLC was the only foreign institution that was not disclosed this quarter [2]

Core Insights - Liyuan Co., Ltd. (002501.SZ) released its Q3 2025 report, indicating a total of 9 institutional investors holding shares, amounting to 1.262 billion shares, which represents 35.55% of the total share capital [1] - The institutional holding ratio increased by 0.08 percentage points compared to the previous quarter [1] - Three public funds were disclosed this period, with no new public funds reported compared to the last quarter [1] - One new foreign institution, Hong Kong Central Clearing Limited, was disclosed this quarter [1] Institutional Holdings - A total of 9 institutional investors disclosed their holdings in Liyuan Co., Ltd., with a combined holding of 1.262 billion shares [1] - The institutional investors include various companies such as Beiyou Intelligent Technology, Jilin Bank, and Northeast Securities, among others [1] - The overall institutional holding ratio increased slightly by 0.08 percentage points from the previous quarter [1] Public Funds - This quarter saw the disclosure of 3 public funds, including CITIC Securities Vision Return A, Huaxia National Index 2000 Enhanced Initiation A, and Huaxia CSI 800 Index Enhanced A [1] - No new public funds were reported compared to the previous quarter [1] Foreign Investment - One new foreign institution, Hong Kong Central Clearing Limited, was disclosed this quarter, indicating a continued interest from foreign investors [1]

Core Insights - Jieqiang Equipment (300875.SZ) released its Q3 2025 report on October 27, 2025, indicating a slight decrease in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of October 26, 2025, there is one institutional investor holding shares in Jieqiang Equipment, with a total holding of 5.2085 million shares, representing 5.22% of the total share capital [1] - The institutional ownership percentage has decreased by 0.01 percentage points compared to the last quarter [1] Public Fund Participation - In this reporting period, five public funds were disclosed, which were not reported in the previous quarter. These include: - Southern CSI 2000 ETF - Huafu Guotai Min'an Flexible Allocation Mixed A - GF National Certificate 2000 ETF - Ping An National Certificate 2000 ETF - Huaxia National Certificate 2000 Index Enhanced Initiation A [1]

Group 1 - The core viewpoint of the news is that Huashi Technology (301218.SZ) reported its semi-annual results for 2025, revealing a total of 6 institutional investors holding shares, which amounts to 5.25% of the total share capital [1] - The total number of shares held by institutional investors is 5.9842 million, with a decrease of 0.16 percentage points compared to the previous quarter [1] - New public funds disclosed in this period include two funds: Dacheng CSI 360 Internet + Index A and Fortune CSI 2000 ETF, while four public funds were not disclosed in this period [1] Group 2 - The only new foreign institution disclosed in this period is BARCLAYS BANK PLC [2]

Group 1 - Guanghe Tong (300638.SZ) released its 2024 annual report on April 19, 2025, with 289 institutional investors holding a total of 95.14 million A-shares, accounting for 12.43% of the total share capital [1] - The top ten institutional investors hold a combined 8.64% of shares, with a decrease of 0.51 percentage points compared to the previous quarter [1] Group 2 - Four public funds reduced their holdings compared to the previous quarter, with a total decrease of 0.40% [2] - A total of 280 new public funds were disclosed this period, including several notable funds such as Dongfanghong Rui Feng Mixed and Xin'ao New Energy Industry Stock [2] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 2.49% compared to the previous period [2]