Core Viewpoint - Jinhua Co., Ltd. (600080.SH) reported its Q3 2025 results, indicating a decrease in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of October 29, 2025, two institutional investors disclosed holdings in Jinhua Co., Ltd., totaling 20.4263 million shares, which represents 5.47% of the total share capital [1] - The institutional ownership ratio decreased by 0.80 percentage points compared to the previous quarter [1] Public Fund Holdings - In this reporting period, 12 public funds were not disclosed compared to the previous quarter, including notable funds such as: - China Merchants CSI Consumer Leaders Index Enhanced A - Huaxia Dingrong Bond A - Bodao Consumption Smart Navigation A - Guolian SSE Sci-Tech Innovation Board Comprehensive Index Enhanced A - Huiquan Qiyuan Future Mixed Initiation A [1]

Core Viewpoint - The report highlights the significant institutional ownership of Rewei Co., Ltd. (热威股份), with 89.91% of its total shares held by institutional investors as of October 29, 2025, indicating strong institutional confidence in the company [1]. Group 1: Institutional Ownership - As of October 29, 2025, a total of 7 institutional investors hold 362 million shares of Rewei Co., Ltd., representing 89.91% of the company's total share capital [1]. - The institutional ownership percentage has decreased by 0.30 percentage points compared to the previous quarter [1]. - The institutional investors include notable entities such as Xiamen Brook Investment Co., Ltd. and Hong Kong Central Clearing Limited [1]. Group 2: Public Fund Activity - Two public funds increased their holdings during this period, namely Huaxia Zhisheng Mixed Initiation A and Huaxia Zhisheng Pioneer Stock (LOF) A, with a slight increase in their ownership [1]. - One new public fund disclosed its holdings, which is the Guolian Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A [1]. - A total of 55 public funds were not disclosed in this period, including several notable funds such as Huaxia Zhisheng New Star Stock A and GF Baifa Big Data Growth Mixed A [1]. Group 3: Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings slightly compared to the previous period [2]. - Several foreign institutions, including Citic Securities Asset Management (Hong Kong) and J.P. Morgan Securities PLC, were not disclosed in this period [2].

Core Insights - The announcement details the appointment of Huang Lei Xin as the new fund manager for the Guolian CSI 800 Index Enhanced Fund (024254), effective from October 16, 2025 [1] - As of October 10, 2025, the net value of the Guolian CSI 800 Index Enhanced Fund stands at 0.9998 [1] Fund Manager Background - Huang Lei Xin holds a master's degree in finance from the University of International Business and Economics and has the qualifications for fund management [1] - His previous roles include being a researcher at China Post Fund Management Co., Ltd. and Citic Securities Fund Management Co., Ltd. [1] - He has been managing multiple funds since April 2025, including the Guolian Smart Hedge Strategy Fund and the Guolian CSI 500 Index Enhanced Fund [1] Fund Performance - The following are the performance metrics of the funds managed by Huang Lei Xin: - Guolian Smart Hedge 3-Month Open Mixed Fund: 0.34 billion, -5.31% return since April 11, 2025 [1] - Guolian CSI 500 Index Enhanced A: 0.60 billion, 31.44% return since April 11, 2025 [1] - Guolian CSI 500 Index Enhanced C: 0.15 billion, 31.17% return since April 11, 2025 [1] - Guolian CSI 300 Index Enhanced A: 1.29 billion, 16.31% return since June 14, 2025 [1] - Guolian CSI 300 Index Enhanced C: 0.77 billion, 16.17% return since June 14, 2025 [1] - Guolian Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A: 4.30 billion, 28.55% return since June 14, 2025 [1] - Guolian Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced C: 0.86 billion, 28.37% return since June 14, 2025 [1]