Core Insights - The report indicates that as of October 28, 2025, institutional investors hold a total of 281 million shares of Baicheng Co., accounting for 53.29% of the total share capital [1] - There has been a slight decrease of 0.76 percentage points in the institutional holding ratio compared to the previous quarter [1] Institutional Holdings - Five institutional investors have disclosed their holdings in Baicheng Co., including Baicheng Investment Holdings (Wuxi) Co., Wuxi Rongji Enterprise Management Partnership, Wuxi Jinyuan Rongxin Industrial Investment Partnership, Hong Kong Central Clearing Limited, and Bank of Communications Co., Ltd. - GF CSI Infrastructure Engineering ETF [1] - The total institutional holding ratio stands at 53.29%, reflecting a minor decline from the previous quarter [1] Public Fund Holdings - One public fund, GF CSI Infrastructure Engineering ETF, has increased its holdings compared to the previous period, showing a slight rise in holding percentage [1] - A total of 47 public funds have not disclosed their holdings this period, including notable funds such as CITIC Prudential CSI Infrastructure Engineering Index (LOF) A, Fortune CSI Dividend Index Enhanced A/B, and others [1]

Core Viewpoint - Zaiseng Technology (603601.SH) reported its Q3 2025 results, highlighting a notable increase in institutional ownership and changes in public and social security fund holdings [1] Institutional Holdings - As of October 28, 2025, seven institutional investors disclosed holdings in Zaiseng Technology, totaling 99.68 million shares, which represents 9.68% of the company's total equity [1] - The institutional ownership increased by 0.57 percentage points compared to the previous quarter [1] Public Fund Holdings - One new public fund disclosed its holdings in this period, namely Yongying Hejia One-Year Mixed A [1] - A total of 112 public funds were not disclosed in this quarter, including notable funds such as Fortune CSI 300 Index Enhanced A/B and Invesco Great Wall CSI 300 Index Enhanced A [1] Social Security Fund Holdings - One new social security fund disclosed its holdings, which is the National Social Security Fund 503 Portfolio [1] - One social security fund, the National Social Security Fund 412 Portfolio, was not disclosed in this quarter [1] Foreign Institutional Holdings - No new foreign institutional investors were disclosed in this quarter, with Barclays Bank PLC being the only one not reported in the previous quarter [2]

Group 1 - Jilin Aodong (000623.SZ) reported its 2024 annual results on April 23, 2025, with 235 institutional investors holding a total of 414 million shares, representing 34.58% of the total share capital [1] - The top ten institutional investors collectively hold 31.95% of the shares, with a decrease of 6.05 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one public fund increased its holdings, while eight funds decreased their holdings, with a reduction rate of 0.33% [2] - A total of 219 new public funds were disclosed this period, including several major ETFs [2] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.31% compared to the previous quarter [2]