Core Insights - SOTON Development (603612.SH) reported its Q3 2025 results, revealing that 17 institutional investors hold a total of 55.8463 million shares, representing 11.21% of the company's total equity [1] - The top ten institutional investors collectively own 10.77% of the shares, with a decrease of 1.83 percentage points compared to the previous quarter [1] Institutional Holdings - Among public funds, one fund, CITIC Securities Rui Li A, increased its holdings slightly, while seven funds, including Guotai Junan Value Advantage Flexible Allocation Mixed Fund, reduced their holdings by 1.18% [2] - Three new public funds disclosed their holdings in SOTON Development, while 230 funds did not disclose their holdings this quarter, including notable funds like Southern CSI 1000 ETF and Harvest New Energy New Materials Stock A [2] Social Security Fund - One new social security fund, the National Social Security Fund 502 Portfolio, disclosed its holdings in SOTON Development this quarter [2]

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]