Core Insights - Libet (605167.SH) reported its Q3 2025 results, revealing that as of October 30, 2025, six institutional investors held a total of 290 million shares, accounting for 64.60% of the company's total equity [1] - The institutional holding percentage decreased by 1.05 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Shanghai Libet Investment Co., Ltd., Zhenstone Group (Hong Kong), Shif Composite Materials Co., Ltd., Zhangjiagang Free Trade Zone Xingli Enterprise Management Partnership (Limited Partnership), China Nuclear Industry 23 Construction Co., Ltd., National Social Security Fund 503 Portfolio, and China Postal Savings Bank Co., Ltd. - Dongfang Growth Small and Medium Cap Mixed Open-End Securities Investment Fund [1] - The public funds saw an increase in holdings from one fund, Dongfang New Energy Vehicle Theme Mixed Fund, with an increase of 0.18% [1] - A total of 36 public funds did not disclose holdings compared to the previous quarter, including funds like Huaxia High-End Manufacturing Mixed A and Changsheng Tongde Theme Mixed [1] Social Security Fund - The National Social Security Fund 503 Portfolio was the only social security fund to reduce its holdings, with a decrease of 0.22% compared to the previous quarter [1]

Group 1 - The core viewpoint of the news is that He Sheng New Materials (002290.SZ) reported a decrease in institutional ownership in its third-quarter report for 2025, with a total of 7 institutional investors holding 66.59 million shares, representing 26.84% of the total share capital, down by 2.27 percentage points from the previous quarter [1] Group 2 - In the public fund sector, there were 2 public funds that increased their holdings compared to the previous period, with an increase ratio of 0.13% [2] - One new public fund was disclosed this period, namely the Xingquan Light Asset Mixed Fund (LOF) [2] - A total of 63 public funds were not disclosed in this period compared to the previous quarter, including notable funds such as Xingquan Green Investment Mixed Fund (LOF) and Huaxia High-end Manufacturing Mixed Fund A [2] Group 3 - Regarding foreign investment attitudes, J.P. Morgan Securities PLC's proprietary funds were not disclosed in this period compared to the previous quarter [3]

Group 1 - Yongding Co., Ltd. (600105.SH) reported its Q3 2025 results, with institutional investors holding a total of 477 million shares, representing 32.60% of the total share capital [1] - The number of institutional investors disclosing their holdings in Yongding Co. reached 8, including notable entities such as Yongding Group Co., Ltd. and UBS AG [1] - Compared to the previous quarter, the proportion of shares held by institutional investors decreased by 0.70 percentage points [1] Group 2 - In the public fund sector, the only fund that increased its holdings was the Guotai CSI All-Index Communication Equipment ETF, with an increase of 0.27% [2] - One public fund, Chang'an Growth Preferred Mixed A, reported a slight decrease in holdings, while 130 public funds did not disclose their holdings this quarter [2] - The National Social Security Fund's 503 portfolio saw a reduction in holdings by 0.55% compared to the previous quarter [2]

Group 1 - The stock price of Wangzi New Materials dropped by 5.48% to 14.49 CNY per share, with a trading volume of 62.35 million CNY and a turnover rate of 1.51%, resulting in a total market capitalization of 5.535 billion CNY [1] - Wangzi New Materials, established on May 28, 1997, and listed on December 3, 2014, is primarily engaged in the research, design, production, and sales of plastic packaging materials and products [1] - The company's main business revenue composition includes plastic packaging products (63.77%), electronic components (25.19%), other products (6.58%), and military electronic products (4.46%) [1] Group 2 - Among the top ten circulating shareholders of Wangzi New Materials, a fund under Huaxia Fund, Huaxia High-end Manufacturing Mixed A (002345), entered the top ten in the second quarter, holding 1.6197 million shares, accounting for 0.58% of circulating shares [2] - The estimated floating loss for Huaxia High-end Manufacturing Mixed A today is approximately 1.3605 million CNY [2] - Huaxia High-end Manufacturing Mixed A was established on May 11, 2016, with a latest scale of 899 million CNY, and has achieved a year-to-date return of 21.07%, ranking 4475 out of 8234 in its category [2]

Group 1 - The core point of the news is that Yongding Co., Ltd. experienced a stock price increase of 5.1%, reaching 10.51 CNY per share, with a trading volume of 897 million CNY and a turnover rate of 5.95%, resulting in a total market capitalization of 15.366 billion CNY [1] - Yongding Co., Ltd. is based in Suzhou, Jiangsu Province, and was established on June 30, 1994. It was listed on September 29, 1997. The company's main business includes the research, development, production, and sales of communication products and software, as well as overseas power engineering contracting for power stations and transmission networks, and the design, development, production, and sales of automotive wiring harnesses and superconducting materials [1] Group 2 - From the perspective of fund holdings, data shows that one fund under Huaxia Fund has a significant position in Yongding Co., Ltd. The Huaxia High-end Manufacturing Mixed A Fund (002345) reduced its holdings by 2.2247 million shares in the second quarter, holding a total of 4.9676 million shares, which accounts for 4.19% of the fund's net value, ranking as the tenth largest holding [2] - The Huaxia High-end Manufacturing Mixed A Fund (002345) was established on May 11, 2016, with a latest scale of 899 million CNY. Year-to-date returns are 23.05%, ranking 3857 out of 8244 in its category; the one-year return is 49.35%, ranking 3203 out of 8066; and since inception, the return is 49.5% [2]

Core Viewpoint - Wangzi New Materials experienced a 5.1% decline in stock price, closing at 15.63 yuan per share, with a trading volume of 688 million yuan and a turnover rate of 15.25%, resulting in a total market capitalization of 5.971 billion yuan [1] Company Overview - Wangzi New Materials Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, established on May 28, 1997, and listed on December 3, 2014 [1] - The company's main business involves the research, design, production, and sales of plastic packaging materials and products [1] - Revenue composition includes: 63.77% from plastic packaging products, 25.19% from electronic components, 6.58% from other sources, and 4.46% from military electronic products [1] Shareholder Information - Among the top ten circulating shareholders of Wangzi New Materials, a fund under Huaxia Fund ranks as a significant stakeholder [2] - Huaxia High-end Manufacturing Mixed A (002345) entered the top ten circulating shareholders in the second quarter, holding 1.6197 million shares, which accounts for 0.58% of circulating shares [2] - The estimated floating loss for Huaxia High-end Manufacturing Mixed A today is approximately 1.3605 million yuan [2] Fund Performance - Huaxia High-end Manufacturing Mixed A (002345) is managed by Wu Hao, who has been in the position for 5 years and 100 days [3] - The fund's total asset size is 960 million yuan, with the best return during Wu Hao's tenure being 69.59% and the worst return being -30.52% [3]

Core Viewpoint - As of August 27, 2025, 30 institutional investors hold a total of 393 million shares of Xuguang Electronics (600353.SH), representing 47.31% of the company's total equity, indicating strong institutional interest in the company [1] Institutional Holdings - The top ten institutional investors collectively own 46.29% of Xuguang Electronics, with a 2.34 percentage point increase compared to the previous quarter [1] - Notable top investors include New Group Limited, Chengdu Xintianyi Investment Co., Ltd., and China International Capital Corporation [1] Public Fund Activity - One public fund, Huaxia High-end Manufacturing Mixed A, increased its holdings, accounting for a 0.43% rise [1] - Two new public funds disclosed their holdings this quarter: Galaxy Core Advantage Mixed A and Ping An CSI 2000 Enhanced Strategy ETF [1]

Core Viewpoint - Fund manager Wu Hao oversees two funds, with the best-performing fund being Huaxia High-end Manufacturing Mixed A (002345), which achieved a quarterly net value increase of 1.01% by the end of Q2 2025 [1]. Fund Performance Summary - Huaxia High-end Manufacturing Mixed A has a total scale of 9.11 billion, with an annualized return of 2.04% and a quarterly increase of 1.01%. The top holding is Guoguang Electric, accounting for 8.47% of the net value [2]. - Huaxia High-end Manufacturing Mixed C has a scale of 0.21 billion, with a negative annualized return of -9.01% and a quarterly increase of 0.86%, also holding Guoguang Electric at 8.47% [2]. - Wu Hao's management of Huaxia High-end Manufacturing Mixed A has yielded a cumulative return of 35.89% and an average annualized return of 6.19%. The fund has made 89 adjustments to its heavy holdings, with a success rate of 66.29% [2]. Stock Adjustment Cases - Notable stock adjustments include: - Trina Solar (天合光能) was bought in Q2 2021 and sold in Q3 2021, yielding an estimated return of 141.89% with a company revenue growth of 51.20% during the holding period [3][5]. - Tongwei Co., Ltd. (通威股份) was held from Q2 2020 to Q4 2020, achieving a return of 120.32% with a company performance increase of 36.95% [3]. - Tanfeng Communication (天孚通信) was held from Q2 2023 to Q2 2024, resulting in a return of 96.16% with a net profit growth of 84.07% [6]. Underperforming Stock Cases - Underperforming stocks include: - Green Harmony (绿的谐波) was held from Q4 2023 to Q3 2024, resulting in a return of -48.55% despite a revenue growth of 8.77% [4][6]. - Huayi Technology (华依科技) was held from Q4 2023 to Q2 2024, with a return of -44.46% and a performance increase of 20.36% [4].

Core Viewpoint - The article provides a ranking of open-end funds based on their net asset value growth, highlighting the top and bottom performers in the market as of May 26, 2025 [2][4][6]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. 华夏高端制造混合A with a net value of 1.1810, up from 1.1470, a change of 0.03 [2] 2. 华夏高端制造混合C with a net value of 1.1590, up from 1.1260, a change of 0.03 [2] 3. 华夏中证动漫游戏ETF with a net value of 1.1171, up from 1.0859, a change of 0.03 [2] 4. 国泰中证动漫游戏ETF with a net value of 1.1110, up from 1.0800, a change of 0.03 [2] 5. 游戏动漫 with a net value of 1.1584, up from 1.1270, a change of 0.03 [2] 6. 新华科技创新主题灵活配置混合 with a net value of 0.9141, up from 0.8894, a change of 0.02 [2] 7. 华夏中证动漫游戏ETF发起式联接A with a net value of 1.1964, up from 1.1648, a change of 0.03 [2] 8. 华夏中证动漫游戏ETF发起式联接C with a net value of 1.1832, up from 1.1520, a change of 0.03 [2] 9. 华夏中证动漫游戏ETF发起式联接D with a net value of 1.1834, up from 1.1522, a change of 0.03 [2] 10. 东方红益丰纯债债券E with a net value of 1.0538, up from 1.0261, a change of 0.02 [2] - The bottom 10 funds with the lowest net value growth include: 1. 华夏中证港股通汽车产业主题ETF with a net value of 1.2382, down from 1.3033, a change of -0.06 [4] 2. 广发中证港股通汽车ETF with a net value of 1.1929, down from 1.2555, a change of -0.06 [4] 3. 南方中证港股通汽车产业主题指数发起A with a net value of 1.1632, down from 1.2214, a change of -0.05 [4] 4. 南方中证港股通汽车产业主题指数发起C with a net value of 1.1639, down from 1.2221, a change of -0.05 [4] 5. 中欧恒生沪深港汽车主题指数发起C with a net value of 0.9696, down from 1.0080, a change of -0.03 [4] 6. 中欧恒生沪深港汽车主题指数发起A with a net value of 0.9700, down from 1.0084, a change of -0.03 [4] 7. 长城医药产业精选混合发起式C with a net value of 1.4731, down from 1.5268, a change of -0.05 [4] 8. 长城医药产业精选混合发起式A with a net value of 1.4776, down from 1.5314, a change of -0.05 [4] 9. 海富通中证港股通科技ETF with a net value of 0.6883, down from 0.7132, a change of -0.02 [4] 10. 景顺长城中证港股通科技ETF with a net value of 0.6879, down from 0.7126, a change of -0.02 [4] Market Analysis - The Shanghai Composite Index opened lower but rebounded slightly, while the ChiNext Index experienced a decline before recovering slightly, with a total trading volume of 1.03 trillion [6]. - Leading sectors included public transportation and the internet, both showing gains of over 2%, while the worst-performing sectors were car washing, pharmaceuticals, and liquor [6]. - The fund with the fastest net value growth was identified as 华夏高端制造混合A [6].