Group 1 - The core point of the news is that Puxin Technology's stock price increased by 5.03% to 30.30 CNY per share, with a trading volume of 569 million CNY and a market capitalization of 64.733 billion CNY as of November 13 [1] - Puxin Technology, established on November 6, 2012, and listed on November 3, 2017, specializes in the research, production, and sales of negative materials for new energy batteries, graphite processing, membranes, automation equipment, and other related products [1] - The company's main business revenue composition includes 77.26% from new energy battery materials and services, 26.08% from new energy automation equipment and services, and 7.85% from industrial investment trade management and others [1] Group 2 - Tianhong Fund holds a significant position in Puxin Technology, with its Tianhong CSI New Energy Index Enhanced A fund owning 297,500 shares, accounting for 1.72% of the fund's net value, ranking as the tenth largest holding [2] - The Tianhong CSI New Energy Index Enhanced A fund has a total scale of 93.6817 million CNY and has achieved a return of 50.66% this year, ranking 496 out of 4216 in its category [2] - The fund manager, Lin Xinlong, has been in position for 4 years and 352 days, with the fund's total asset scale at 25.391 billion CNY and a best return of 123.41% during his tenure [3]

Core Insights - YN Technology (688348.SH) reported its Q3 2025 results on October 31, 2025, highlighting a total of 34.99 million A-shares held by 8 institutional investors, accounting for 22.39% of the company's total share capital [1] - The institutional holding percentage decreased by 1.27 percentage points compared to the previous quarter [1] Institutional Holdings - The institutional investors include Tian Tong Gao Xin Group Co., Ltd., Jiaxing Huineng Investment Management Partnership (Limited Partnership), Jiaxing Huiying Investment Management Partnership (Limited Partnership), Haining Industrial Investment Group Co., Ltd., Hangzhou Silan Holdings Co., Ltd., Hangzhou Huairui Jiayin Equity Investment Partnership (Limited Partnership), Tianhong Zhongzheng New Energy Index Enhanced A, and Dacheng Fengxiang Return Mixed A [1] - The number of newly disclosed public funds this quarter is 1, specifically Tianhong Zhongzheng New Energy Index Enhanced A [1] - A total of 85 public funds were not disclosed this quarter compared to the previous quarter, including Southern Zhongzheng 1000 ETF, Huaxia Zhongzheng 1000 ETF, GF Zhongzheng 1000 ETF, Penghua Sci-Tech Innovation Board New Energy ETF, and Fortune Zhongzheng 1000 ETF [1]