Core Viewpoint - Hexing Co., Ltd. (605005.SH) reported its Q3 2025 results, highlighting a significant institutional ownership structure and a slight decline in institutional holding percentage compared to the previous quarter [1] Institutional Ownership - As of October 27, 2025, there are 2 institutional investors holding a total of 308 million shares of Hexing Co., Ltd., which accounts for 76.85% of the total share capital [1] - The institutional investors include Hexing Group Co., Ltd. and Hong Kong Central Clearing Limited, with the combined institutional holding percentage decreasing by 0.09 percentage points from the previous quarter [1] Public Fund Participation - In this reporting period, 20 public funds were disclosed, which were not reported in the previous quarter [1] - Notable public funds include Guotai CSI Comprehensive ETF, HSBC Jintrust Strategic Preferred Mixed A, HSBC Jintrust Value Pioneer Stock A, Anxin New Trend Mixed A, and HSBC Jintrust Pearl River Delta Mixed [1]