Core Insights - The report indicates that as of October 28, 2025, a total of 13 institutional investors hold shares in Royal Technology (603181.SH), with a combined holding of 178 million shares, representing 30.20% of the total share capital [1] - The top ten institutional investors account for a combined holding ratio of 30.13%, which has decreased by 5.72 percentage points compared to the previous quarter [1] Institutional Investors - The top institutional investors include Zhejiang Royal Holdings Group Co., Ltd., Shaoxing Shiron Baosheng Investment Management Partnership, and several mutual funds [1] - The number of public funds that increased their holdings this period is two, while four public funds reduced their holdings, with a decrease ratio of 0.62% [2] - A total of 55 public funds did not disclose their holdings this period, including notable funds like Guotai Junan Value Advantage Flexible Allocation Mixed A and Southern Alpha Mixed A [2] Pension Funds - One pension fund, the Basic Pension Insurance Fund 15011 Combination, reduced its holdings by 2.0% compared to the previous quarter [2]

Group 1 - The core announcement is that Southern Fund Management Co., Ltd. will suspend subscription, redemption, conversion, and regular investment services for the Southern Alpha Mixed Securities Investment Fund on October 29, 2025, due to it being a non-Hong Kong Stock Connect trading day [1] - The suspension will affect the following sub-funds: Southern Alpha Mixed A (code: 010357) and Southern Alpha Mixed C (code: 010358) [1] - Specific details regarding the limits for large subscriptions, transfers, and regular investments for the affected sub-funds have not been disclosed in the announcement [1]

Group 1 - Ousheng Electric has experienced a decline for four consecutive trading days, with a cumulative drop of -9.96% [1] - Ousheng Electric Co., Ltd. was established in 2009 and officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market on April 22, 2022 [1] - Southern Fund's Southern New Enjoy Flexible Allocation Mixed A has entered the top ten shareholders of Ousheng Electric and is a new addition in the second quarter of this year [1] Group 2 - The Southern New Enjoy Flexible Allocation Mixed A fund has achieved a return of 21.28% this year, ranking 704 out of 2282 in its category [1] - The fund manager, Zhang Hui, holds a master's degree in Western Economics from Peking University and has been with Southern Fund since July 2009 [3][4] - Zhang Hui has managed multiple funds, including Southern New Enjoy, Southern Innovation Economy, and Southern ESG Stock Fund, among others [4] Group 3 - Southern Fund Management Co., Ltd. was established in March 1998, with major shareholders including Huatai Securities Co., Ltd. (45%), Shenzhen Investment Holdings Co., Ltd. (30%), Xiamen International Trust Co., Ltd. (15%), and Industrial Securities Co., Ltd. (10%) [4]

Group 1 - Zhuhai Guanyu (688772.SH) released its 2024 annual report on March 31, 2025, with 241 institutional investors holding a total of 645 million shares, accounting for 57.18% of the total share capital [1] - The top ten institutional investors collectively hold 47.63% of the shares, with a decrease of 0.40 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings, with an increase rate of 0.14%, while six funds decreased their holdings, with a decrease rate of 0.81% [2] - A total of 198 new public funds were disclosed this period, while 26 funds were no longer disclosed compared to the previous quarter [2] - The only social security fund that increased its holdings was the National Social Security Fund 406 portfolio, with an increase rate of 0.24% [2]