Group 1 - Leshan Electric Power Co., Ltd. experienced a stock price increase of 5.83%, reaching 12.16 CNY per share, with a trading volume of 4.57 billion CNY and a turnover rate of 6.86%, resulting in a total market capitalization of 70.32 billion CNY [1] - The company, established on May 17, 1988, and listed on April 26, 1993, operates in various sectors including electricity, natural gas, tap water, and hospitality. The revenue composition is as follows: electricity segment 71.45%, gas segment 14.85%, water segment 4.78%, other businesses 4.46%, emerging businesses 3.07%, hospitality 1.23%, and health and wellness 0.17% [1] Group 2 - According to data from the top ten holdings of funds, one fund under Huaxia Fund has a significant position in Leshan Electric Power. The Huaxia Panrun Two-Year Open Mixed A Fund (015697) reduced its holdings by 798,400 shares in the third quarter, maintaining 798,400 shares, which represents 3.38% of the fund's net value, ranking as the eighth largest holding [2] - The Huaxia Panrun Two-Year Open Mixed A Fund, established on August 24, 2022, has a current size of 180 million CNY. Year-to-date returns are 10.31%, ranking 1171 out of 8848 in its category; the one-year return is 59.16%, ranking 1382 out of 8093; and since inception, the return is 44.36% [2] Group 3 - The fund manager of Huaxia Panrun Two-Year Open Mixed A Fund is Zhang Chengyuan, who has a tenure of 9 years and 28 days. The total asset size of the fund is 5.194 billion CNY, with the best return during his tenure being 128.83% and the worst return being -7.26% [3]

Core Insights - Sanlisi (002224.SZ) released its Q3 2025 financial report on October 30, 2025, indicating a total of 34.57 million shares held by institutional investors, accounting for 3.83% of the company's total equity [1] - The institutional holding ratio decreased by 1.70 percentage points compared to the previous quarter [1] - A total of 18 public funds were not disclosed in this period, including notable funds such as Huaxia Panli One-Year Open Mixed A and Huatai-PineBridge CSI 2000 Index Enhanced A [1] Institutional Holdings - As of October 29, 2025, there are 2 institutional investors holding shares in Sanlisi, with a combined holding of 34.57 million shares [1] - The institutional investors include Sanlisi Co., Ltd. - 2023 Employee Stock Ownership Plan [1] - The total institutional holding ratio is now at 3.83%, reflecting a decline from the previous quarter [1] Public Fund Disclosure - The report noted that 18 public funds were not disclosed this quarter, which is a significant detail for investors [1] - Some of the public funds mentioned include Huaxia Panli One-Year Open Mixed A and Huaxia Panrun Two-Year Open Mixed A [1] - The lack of disclosure of these funds may indicate a shift in investment strategy or market conditions [1]

Group 1 - Leshan Electric Power Co., Ltd. experienced a stock price increase of 5.45%, reaching 12.20 CNY per share, with a trading volume of 339 million CNY and a turnover rate of 5.04%, resulting in a total market capitalization of 7.056 billion CNY [1] - The company, established on May 17, 1988, and listed on April 26, 1993, operates in various sectors including electricity, natural gas, tap water, and hospitality. The revenue composition is as follows: electricity segment 71.45%, gas segment 14.85%, water segment 4.78%, other businesses 4.46%, emerging businesses 3.07%, hospitality 1.23%, and health and wellness 0.17% [1] Group 2 - According to data from the top ten holdings of funds, Huaxia Fund has a significant position in Leshan Electric Power through its fund Huaxia Panrun Two-Year Open Mixed A (015697), holding 1.5968 million shares, unchanged from the previous period, accounting for 9.42% of the fund's net value, making it the largest holding [2] - The fund has achieved a year-to-date return of 45.44%, ranking 954 out of 8161 in its category, and a one-year return of 70.26%, ranking 231 out of 8015 [2] Group 3 - The fund manager of Huaxia Panrun Two-Year Open Mixed A is Zhang Chengyuan, who has been in the position for 8 years and 296 days, managing a total asset size of 4.687 billion CNY. The best fund return during his tenure is 113.32%, while the worst is -7.26% [3]