Group 1 - The core point of the news is that Keri International's stock price has dropped by 5.05%, currently trading at 26.32 CNY per share, with a total market capitalization of 5.18 billion CNY [1] - Keri International, established on December 5, 2005, and listed on June 8, 2017, is a technology-driven human resources solution provider, with its main business revenue composition being 95.22% from flexible employment, 2.77% from high-end talent search, 0.84% from other services, 0.64% from recruitment process outsourcing, and 0.54% from technical services [1] Group 2 - From the perspective of fund holdings, Keri International is a significant investment for the Guotou Ruijin Fund, which holds 219,600 shares, accounting for 3.12% of the fund's net value, making it the ninth largest holding [2] - The Guotou Ruijin Fund has a total asset size of 201 million CNY and has achieved a year-to-date return of 10.29%, ranking 5577 out of 8136 in its category [2]

Group 1 - Core viewpoint: Keri International's stock rose by 5.31% to 29.54 CNY per share, with a trading volume of 232 million CNY and a turnover rate of 4.10%, resulting in a total market capitalization of 5.814 billion CNY [1] - Company overview: Keri International, established on December 5, 2005, and listed on June 8, 2017, is based in Chaoyang District, Beijing. The company specializes in technology-driven human resource solutions [1] - Revenue composition: The main business revenue breakdown is as follows: flexible employment 95.22%, mid-to-high-end talent search 2.77%, other services 0.84%, recruitment process outsourcing 0.64%, and technical services 0.54% [1] Group 2 - Fund holdings: The Guotou Ruijin Fund holds Keri International as its ninth largest position, with 219,600 shares, accounting for 3.12% of the fund's net value [2] - Fund performance: The Guotou Ruijin Selected Income Mixed A Fund (001218) has a total scale of 201 million CNY, with a year-to-date return of 12.38% and a one-year return of 10.99% [2] - Fund manager details: The fund manager, Wu Mocu, has been in position for 4 years and 311 days, with the best and worst fund returns during his tenure being -5.05% and -44.07%, respectively [3]

Core Insights - Li Ziyuan (605337.SH) released its semi-annual report for 2025, revealing that as of August 26, 2025, eight institutional investors held a total of 148 million shares, accounting for 37.52% of the company's total equity [1] Institutional Holdings - The institutional investors include Lishui Water Drip Spring Investment Development Co., Ltd., Zhejiang Li Ziyuan Food Co., Ltd. - 2024 Employee Stock Ownership Plan, Moutai (Guizhou) Private Fund Management Co., Ltd. - Moutai (Guizhou) Investment Fund Partnership (Limited Partnership), National Social Security Fund 111 Portfolio, China Ping An Insurance (Group) Co., Ltd. Enterprise Annuity Plan - China Merchants Bank Co., Ltd., Zhejiang Guotian Private Fund Management Co., Ltd. - Guotian Return No. 1 Private Securities Investment Fund, Guotou Ruijin Selected Income Mixed A, and Nanhua Fengli Quantitative Stock Selection Mixed A [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 0.47 percentage points [1] Public Fund Holdings - During this period, one new public fund disclosed its holdings, namely Nanhua Fengli Quantitative Stock Selection Mixed A [1] Social Security Fund Holdings - One social security fund, the National Social Security Fund 111 Portfolio, reported a decrease in holdings, with a reduction percentage of 0.39% compared to the previous quarter [1]