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]