Group 1 - The core point of the news is that Western Animal Husbandry's stock price dropped by 5.16% to 11.22 CNY per share, with a trading volume of 1.25 billion CNY and a turnover rate of 5.11%, resulting in a total market capitalization of 2.371 billion CNY [1] - Western Animal Husbandry, established on June 18, 2003, and listed on August 20, 2010, is primarily engaged in dairy product processing and sales, feed production and sales, meat processing and sales, and breeding livestock [1] - The company's main business revenue composition is as follows: dairy products account for 86.28%, feed 8.25%, and other products 5.46% [1] Group 2 - Among the top circulating shareholders of Western Animal Husbandry, a fund under Harvest Fund Management, specifically Harvest Agricultural Industry Stock A (003634), entered the top ten in the second quarter, holding 2.6519 million shares, which is 1.25% of the circulating shares [2] - As of the latest data, Harvest Agricultural Industry Stock A has a total scale of 1.034 billion CNY, with a year-to-date return of 9.97%, ranking 3586 out of 4222 in its category, and a one-year return of 23.65%, ranking 3362 out of 3783 [2] - The fund manager, Wu Yue, has a tenure of 6 years and 156 days, with a total fund asset scale of 3.321 billion CNY, achieving a best fund return of 63.07% during his tenure [2]

Core Insights - Jingji Zhino (000048.SZ) released its 2024 annual report on March 31, 2025, revealing that 54 institutional investors hold a total of 389 million A-shares, accounting for 73.41% of the company's total share capital [1] - The top ten institutional investors collectively hold 72.80% of the shares, with a decrease of 1.47 percentage points compared to the previous quarter [1] Institutional Holdings - The top ten institutional investors include Shenzhen Jingji Times Industrial Co., Ltd., Jingji Group Co., Ltd., and several private equity funds [1] - The number of public funds that reduced their holdings this quarter is three, with a decrease in holdings accounting for 0.65% [2] - A total of 44 new public funds were disclosed this quarter, including notable funds such as GF CSI 1000 ETF and Harvest Agricultural Industry Stock A [2] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings this quarter, with an increase accounting for 0.23% [2]