Company Overview - Yiming Food Co., Ltd. is located in Pingyang County, Wenzhou City, Zhejiang Province, and was established on September 13, 2005. The company went public on December 28, 2020. Its main business involves the research, production, sales, and chain operation of fresh dairy products and baked goods [1] - The revenue composition of Yiming Food is as follows: dairy products 47.09%, baked goods 30.95%, other foods 12.31%, others 7.21%, and chain operation business 2.44% [1] Stock Performance - On September 3, Yiming Food's stock fell by 5.01%, trading at 22.75 CNY per share, with a transaction volume of 267 million CNY and a turnover rate of 2.85%. The total market capitalization is 9.123 billion CNY [1] Shareholder Information - Tianhong Fund has a presence among Yiming Food's top ten circulating shareholders. The Tianhong CSI Food and Beverage ETF (159736) increased its holdings by 800 shares in the second quarter, totaling 416,600 shares, which represents 0.1% of the circulating shares. The estimated floating loss today is approximately 499,900 CNY [2] - The Tianhong CSI Food and Beverage ETF (159736) was established on September 9, 2021, with a current scale of 4.693 billion CNY. Year-to-date returns are 3.57%, ranking 3982 out of 4222 in its category; the one-year return is 26.7%, ranking 3215 out of 3783; and since inception, it has a loss of 24.65% [2]

Core Insights - The report indicates that as of August 26, 2025, institutional investors hold a total of 196 million shares of Laiyifen, accounting for 58.49% of the company's total equity [1] - There has been a decrease of 1.21 percentage points in the institutional holding ratio compared to the previous quarter [1] - One new public fund, Tianhong CSI Food and Beverage ETF, was disclosed in this period, while UBS AG was not reported as a foreign institution in the current quarter [1] Institutional Holdings - Five institutional investors have disclosed their holdings in Laiyifen A-shares, with a combined shareholding of 196 million shares [1] - The institutional investors include Shanghai Aiwu Enterprise Management Co., Ltd., Shanghai Haiyong Deyu Management Consulting Partnership, Shanghai Ying Shui Investment Management Co., Ltd., Shanghai Deyong Runyu Management Consulting Partnership, and CITIC Securities Co., Ltd. [1] - The total institutional holding ratio stands at 58.49%, reflecting a slight decline from the previous quarter [1] Public Fund Activity - The report mentions the disclosure of one new public fund, Tianhong CSI Food and Beverage ETF, in the current reporting period [1] - This indicates a potential interest from public funds in the food and beverage sector, specifically in Laiyifen [1] Foreign Investment - UBS AG, a foreign institution, was not reported in the current quarter, suggesting a potential shift in foreign investment interest [1]

| ○ 基金经理：沙川 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 累计任职时间：7年又65天 | | | 基金经理简介：沙川先生:南京大学数学硕士学位。历任中国中投证券有限责任公司金融工程 | | | | | | | 任职起始日期：2018-01-18 | | | 助理分析师。2013年9月加盟天弘基金管理有限公司,历任研究员。历任天弘中证500指数增强 | | | | | | | 现任基金公司：天弘基金管理有限公司 | | | 型证券投资基金基金经理(2019年08月至2019年08月)、天弘中证医药100指数型发起式证券 | | | | | | | | | | 投资基金基金经理(2019年10月至2021年11月)、天弘中证食品饮料指数型发起式证券投资基 | | | | | | | 现任基金资产 在管基金最佳 | | | 金基金经理(2019年10月至2021年11月)、天弘中证全指证券公司指数型发起式证券投资基金 | | | | | | | 息规模 | 任期回报 | | 基金经理(2019年 ...

财报显示，天弘基金旗下天弘中证食品饮料ETF为黑芝麻前十大股东，去年三季度减持。今年以来收益率-0.95%，同类排名2857(总3442)。 天弘中证食品饮料ETF基金经理为沙川。 黑芝麻连跌6天，天弘基金旗下1只基金位列前十大股东 3月24日，黑芝麻连续6个交易日下跌，区间累计跌幅-5.59%。南方黑芝麻集团股份有限公司始创于1984年,是一家以黑芝麻产业为主业、集黑芝麻食疗食养 健康产品研发、生产、销售为一体的大型民营企业集团,是国家首批农业产业化龙头企业。 资料显示，天弘基金管理有限公司成立于2004年11月，董事长为黄辰立，总经理为高阳。目前，天弘基金共有8名股东，蚂蚁科技集团股份有限公司持股 51%、天津信托有限责任公司持股16.80%、内蒙古君正能源化工集团股份有限公司持股15.60%、芜湖高新投资有限公司持股5.60%、新疆天瑞博丰股权投资 合伙企业（有限合伙）持股3.50%、新疆天聚宸兴股权投资合伙企业（有限合伙）持股3.50%、新疆天惠新盟股权投资合伙企业（有限合伙）持股2%、新疆 天阜恒基股权投资合伙企业（有限合伙）持股2%。 来源：金融界 简历显示，沙川先生:南京大学数学硕士学位。历任中 ...