Core Insights - Falunsheng (000890.SZ) reported its Q3 2025 results on October 31, 2025, indicating a total of 6 institutional investors holding 176 million shares, which accounts for 41.88% of the total share capital [1] - The proportion of shares held by institutional investors decreased by 1.88 percentage points compared to the previous quarter [1] - Four public funds were disclosed this period, including Morgan Dynamic Multi-Factor Mixed A and others, which were not reported in the previous quarter [1] Institutional Investors - The institutional investors include Falunsheng Hongsheng Group Co., Ltd., Jiangyin Yaobo Taibang Enterprise Management Partnership (Limited Partnership), Goldman Sachs International - Proprietary Capital, UBS AG, Morgan Stanley & Co. International PLC, and Jiukun Investment (Beijing) Co., Ltd. - Jiukun Strategy Selected No. 8 Private Securities Investment Fund [1] - The total holding proportion of institutional investors is 41.88% [1] Foreign Investment - Two foreign funds reduced their holdings compared to the previous quarter, namely Goldman Sachs International - Proprietary Capital and Morgan Stanley & Co. International PLC, with a reduction rate of 0.37% [2] - One new foreign institution, UBS AG, was disclosed this period, while Barclays Bank PLC and Merrill Lynch International were not reported in the current quarter [2]

Core Points - Bangji Technology's stock price dropped by 5.05% to 25.22 CNY per share, with a trading volume of 47.07 million CNY and a turnover rate of 2.18%, resulting in a total market capitalization of 4.308 billion CNY [1] - The company, established on April 23, 2007, and listed on October 19, 2022, specializes in the research, production, and sales of pig feed, with its main revenue sources being pig compound feed (76.63%), pig concentrated feed (12.25%), and other feed products [1] Fund Holdings - Guotai Fund has a significant holding in Bangji Technology, with its Guotai Quantitative Income Flexible Allocation Mixed A Fund (001789) holding 23,700 shares, accounting for 1.09% of the fund's net value, making it the fourth-largest holding [2] - The fund has experienced a year-to-date return of 33.87% and a one-year return of 43.17%, ranking 2404 out of 8161 and 1679 out of 8021 respectively [2] - The fund manager, Liang Xing, has a tenure of 9 years and 133 days, with a total fund asset size of 24.955 billion CNY, achieving a best return of 1112.34% during his tenure [2]

Core Viewpoint - Bolong Technology (603325.SH) released its semi-annual report for 2025, indicating a total institutional holding of 10.6829 million shares, representing 16.02% of the company's total equity, with a decline of 1.49 percentage points from the previous quarter [1] Institutional Holdings - As of August 27, 2025, seven institutional investors disclosed their holdings in Bolong Technology, with a combined shareholding of 10.6829 million shares [1] - The institutional investors include Harbin Boshi Automation Co., Ltd., Bank of China Co., Ltd. - Yongying Hongze One-Year Regular Open Flexible Allocation Mixed Securities Investment Fund, and several others, contributing to a total institutional holding ratio of 16.02% [1] - Compared to the previous quarter, the total institutional holding ratio decreased by 1.49 percentage points [1] Public Fund Disclosures - During this period, one new public fund was disclosed, namely the Rongtong Quantitative Multi-Strategy Flexible Allocation Mixed A [1] - Seven public funds were not disclosed in this period compared to the previous quarter, including funds such as Taikang Strategy Preferred Mixed, Taikang Quality Life Mixed A, and others [1]