公募基金方面，本期较上一期持股增加的公募基金共计1个，即广发中证基建工程ETF，持股增加占比 小幅上涨。本期较上一季未再披露的公募基金共计47个，主要包括中信保诚中证基建工程指数 (LOF)A、富国中证红利指数增强A/B、华夏上证综合全收益指数增强A、富国沪深300指数增强A/B、富 国中证500指数增强(LOF)A/B等。 2025年10月29日，柏诚股份(601133.SH)发布2025年第三季报。截至2025年10月28日，共有5个机构投资 者披露持有柏诚股份A股股份，合计持股量达2.81亿股，占柏诚股份总股本的53.29%。其中，机构投资 者包括柏盈柏诚投资控股(无锡)有限公司、无锡荣基企业管理合伙企业(有限合伙)、无锡金源融信产业 投资企业(有限合伙)、香港中央结算有限公司、交通银行股份有限公司-广发中证基建工程交易型开放式 指数证券投资基金，机构投资者合计持股比例达53.29%。相较于上一季度，机构持股比例合计下跌了 0.76个百分点。 ...

Core Insights - China Energy Engineering Corporation (中国能建) reported a total revenue of 212.09 billion yuan for the first half of 2025, representing a year-on-year increase of 9.18% [1] - The net profit attributable to shareholders was 2.80 billion yuan, a slight increase of 0.72% year-on-year [1] - The company experienced a significant increase in accounts receivable, which accounted for 1180.11% of the net profit for the latest annual report [1] Financial Performance - Total revenue for Q2 2025 reached 111.72 billion yuan, up 15.35% year-on-year [1] - Q2 net profit attributable to shareholders was 1.19 billion yuan, down 8.52% year-on-year [1] - Gross margin decreased to 11.29%, down 7.45% year-on-year, while net margin fell to 2.26%, down 3.23% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 10.84 billion yuan, representing 5.11% of revenue, a decrease of 11.0% year-on-year [1] Key Ratios and Metrics - Return on Invested Capital (ROIC) for the previous year was 3.75%, indicating weak capital returns [1] - The company's historical median ROIC since listing is 4.87%, suggesting average investment returns [1] - Cash flow per share was -0.32 yuan, an increase of 7.68% year-on-year [1] Debt and Cash Flow Analysis - Cash and cash equivalents increased by 21.14% to 88.56 billion yuan [1] - Interest-bearing liabilities rose by 12.40% to 313.35 billion yuan [1] - The ratio of cash to total assets is 9.45%, and cash to current liabilities is 31.24% [2] Market Position and Fund Holdings - The largest fund holding China Energy Engineering Corporation is the GF Zhongzheng Infrastructure ETF, with a scale of 2.22 billion yuan [3] - The fund's net value decreased by 0.26% recently, but it has increased by 23.08% over the past year [3]

Core Viewpoint - Guangdong Construction Group has experienced a decline in stock price over the past five trading days, with a cumulative drop of -9.22% [1] Group 1: Company Overview - Guangdong Construction Group Co., Ltd. was established in 2001 and is the only publicly listed construction company controlled by the Guangdong Provincial Government [1] - The company is primarily controlled by Guangdong Provincial Construction Engineering Group Co., Ltd. [1] Group 2: Financial Performance - The financial report indicates that GF Fund's Guangfa CSI Infrastructure Engineering ETF is among the top ten shareholders of Guangdong Construction, which reduced its holdings in the first quarter of this year [1] - The year-to-date return for the ETF is 4.69%, ranking 2916 out of 3381 in its category [1][2] Group 3: Market Comparison - The ETF's performance over various periods shows a near-term decline of -2.54% over the past week, but a positive return of 9.87% over the past month and 12.87% over the past three months [2] - In comparison, the average return for similar funds is 11.94% year-to-date, indicating that Guangdong Construction's performance is lagging behind its peers [2]