Core Viewpoint - Jiu Ri New Materials Co., Ltd. experienced a stock price increase of 5.52% on November 17, reaching 25.63 CNY per share, with a total market capitalization of 4.132 billion CNY [1] Company Overview - Jiu Ri New Materials was established on October 30, 1998, and went public on November 5, 2019. The company is located in Tianjin and specializes in the research, production, and sales of photoinitiators [1] - The revenue composition of the company includes photoinitiators (79.50%), fine chemicals (15.57%), monomers (2.85%), and other products [1] Shareholder Information - Guotai Fund's Guotai Jinying Growth Flexible Allocation Mixed Fund (020001) entered the top ten circulating shareholders of Jiu Ri New Materials in the third quarter, holding 1.2183 million shares, which is 0.76% of the circulating shares [2] - The fund has achieved a year-to-date return of 41.29%, ranking 1598 out of 8213 in its category [2] Fund Manager Profile - The fund manager of Guotai Jinying Growth Flexible Allocation Mixed Fund is Xu Zhibiao, who has been in the position for 10 years and 93 days. The fund's total asset size is 4.327 billion CNY [3] - During his tenure, the best fund return was 150.07%, while the worst was -28.04% [3]

Core Insights - Hongtian Co., Ltd. (603800.SH) reported its Q3 2025 results, revealing that 12 institutional investors hold a total of 115 million shares, representing 55.39% of the company's total equity [1] - The top ten institutional investors collectively own 55.31% of the shares, with an increase of 1.64 percentage points compared to the previous quarter [1] Institutional Holdings - The number of public funds that increased their holdings this period is 2, including Guotai Jin Ying Growth Flexible Allocation Mixed Fund and Guotai Research Advantage Mixed Fund, with an increase ratio of 0.17% [2] - Four public funds decreased their holdings compared to the previous quarter, including CITIC Jiantou Low Carbon Growth Mixed Fund and Guotai Value Classic Flexible Allocation Mixed Fund, with a decrease ratio of 0.23% [2] - Two new public funds were disclosed this period, including Yongying Semiconductor Industry Selected Mixed Fund and Jin Ying Minfeng Return Mixed Fund [2] - Sixteen public funds were not disclosed this period, including Guotai Medical Health Stock A and CITIC Jiantou Smart IoT A [2]

Core Insights - Hengmingda (002947.SZ) reported its Q3 2025 results, revealing that as of October 24, 2025, five institutional investors held a total of 26.5989 million A-shares, representing 10.38% of the company's total equity [1] Institutional Holdings - The total institutional holding percentage increased by 0.11 percentage points compared to the previous quarter [1] - The institutional investors include Shenzhen Hengshida Investment Co., Hong Kong Central Clearing Limited, National Social Security Fund 103 Portfolio, Tongling Hengshifeng Enterprise Management Partnership (Limited Partnership), and Huacheng Future Value Pioneer [1] Public Fund Holdings - One public fund, Huacheng Future Value Pioneer, reported a slight decrease in holdings compared to the previous quarter [1] - A total of 160 public funds did not disclose their holdings this quarter, including notable funds such as Southern CSI 1000 ETF, Guotai Golden Eagle Growth Flexible Allocation Mixed, Huabao Power Combination Mixed A, Southern Growth Pioneer Mixed A, and Guotai Research Advantage Mixed A [1] Social Security Fund - One new social security fund disclosed its holdings in Hengmingda, which is the National Social Security Fund 103 Portfolio [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 2.25% compared to the previous period [1]