Summary of Key Points Core Viewpoint - Ruoyuchen (003010.SZ) reported its Q3 2025 results, highlighting significant institutional investor activity and changes in shareholding patterns. Institutional Investor Holdings - As of October 28, 2025, 58 institutional investors disclosed holdings in Ruoyuchen A-shares, totaling 76.16 million shares, which represents 24.49% of the total share capital [1] - The top ten institutional investors collectively hold 20.16% of the shares, with a decrease of 0.68 percentage points compared to the previous quarter [1] Public Fund Activity - In the current period, 24 public funds increased their holdings, accounting for a 2.43% increase, with notable funds including Dongfanghong Qiheng Mixed A and Caitong Asset Management Quality Consumption Mixed Initiation A [2] - Conversely, 11 public funds reduced their holdings, representing a 0.50% decrease, including Huazhong New Consumption Mixed A and Chang'an XinYue Consumption Mixed A [2] - There were 19 newly disclosed public funds this period, while 237 public funds were not disclosed compared to the previous quarter [2] Foreign Investment - One new foreign institutional investor disclosed holdings this period, namely Hong Kong Central Clearing Limited [3]