Core Insights - Anning Co., Ltd. (002978.SZ) released its Q3 2025 financial report on October 25, 2025, indicating significant institutional investment activity [1] Institutional Holdings - As of October 24, 2025, five institutional investors disclosed holdings in Anning Co., Ltd., totaling 185 million shares, which represents 39.25% of the company's total share capital [1] - The institutional holding percentage decreased by 2.28 percentage points compared to the previous quarter [1] Public Fund Activity - In this reporting period, 70 public funds were disclosed, including notable funds such as Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and GF CSI 1000 ETF [1] Foreign Investment - One new foreign institutional investor was disclosed in this period, namely Hong Kong Central Clearing Limited [1]

Group 1 - The core viewpoint of the news is that as of March 21, 2025, institutional investors hold a significant portion of Shenzhen Expressway's shares, with the top ten institutions accounting for 58.26% of the total shareholding [1] - A total of 19 institutional investors have disclosed their holdings in Shenzhen Expressway, with a combined shareholding of 1.271 billion shares, representing 58.28% of the company's total equity [1] - The top ten institutional investors include notable entities such as New Tongchan Industrial Development (Shenzhen) Co., Ltd. and Shenzhen Shenguanghui Highway Development Co., Ltd., among others [1] Group 2 - In the public fund sector, there was a slight increase in holdings from one fund, Huatai-PB SSE Dividend ETF, while one fund, Invesco Great Wall CSI Low Volatility 100 ETF, saw a slight decrease in holdings [2] - A total of 12 new public funds have disclosed their holdings this period, including Guolian High Dividend Mixed A and Qianhai Kaiyuan Refinance Stock [2] - One public fund, Huatai Zijin Value Vision 18-Month Holding Mixed A, was not disclosed in the previous quarter [2]