外资态度来看，本期较上一季度新披露的外资机构有 1 家 ，即J.P.Morgan Securities PLC-自有资金。本 期较上一季未再披露的外资机构即BARCLAYS BANK PLC。 2025年10月27日，津荣天宇(300988.SZ)发布2025年第三季报。截至2025年10月26日，共有3个机构投资 者披露持有津荣天宇A股股份，合计持股量达355.27万股，占津荣天宇总股本的2.53%。其中，机构投 资者包括中国银行股份有限公司-招商量化精选股票型发起式证券投资基金、J.P.Morgan Securities PLC- 自有资金、中国光大银行股份有限公司-招商成长量化选股股票型证券投资基金，机构投资者合计持股 比例达2.53%。相较于上一季度，机构持股比例合计上涨了0.70个百分点。 公募基金方面，本期较上一季度新披露的公募基金共计2个，包括招商量化精选股票发起式A、招商成 长量化选股股票A。本期较上一季未再披露的公募基金共计34个，主要包括中信保诚多策略混合 (LOF)A、广发科技创新混合A、景顺长城专精特新量化优选股票A、中信保诚景气优选混合A、招商中 证2000指数增强A等。 ...

Group 1 - Canaan Technology (300412.SZ) released its Q3 2025 report on October 25, 2025, indicating that as of October 24, 2025, two institutional investors disclosed holdings in Canaan Technology A-shares, totaling 63.41 million shares, which accounts for 12.74% of the total share capital [1] - The institutional investors include Canaan Technology Group Co., Ltd. and China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund, with a combined institutional holding ratio down by 3.69 percentage points compared to the previous quarter [1] - In the public fund sector, one public fund, Nuoan Multi-Strategy Mixed A, increased its holdings by 0.12% compared to the previous period, while 34 public funds did not disclose their holdings this quarter, including major funds like Morgan Stanley Multi-Factor Strategy Mixed and others [1] Group 2 - Foreign investment sentiment shows that one foreign institution, BARCLAYS BANK PLC, did not disclose its holdings this quarter compared to the previous quarter [1]

10月16日，瑞玛精密涨5.36%，截至发稿，报25.74元/股，成交8572.49万元，换手率5.11%，总市值 31.19亿元。 从基金十大重仓股角度 数据显示，招商基金旗下1只基金重仓瑞玛精密。招商中证2000指数增强A（019918）二季度持有股数 21.01万股，占基金净值比例为0.58%，位居第九大重仓股。根据测算，今日浮盈赚取约27.52万元。 招商中证2000指数增强A（019918）成立日期2024年1月2日，最新规模3.21亿。今年以来收益45.2%， 同类排名681/4218；近一年收益64.69%，同类排名285/3864；成立以来收益67.56%。 招商中证2000指数增强A（019918）基金经理为王平、刘浒。 资料显示，苏州瑞玛精密工业集团股份有限公司位于江苏省苏州高新区浒关工业园浒晨路28号，成立日 期2012年3月22日，上市日期2020年3月6日，公司主营业务涉及精密结构件的制造与部件集成及前述精 密结构件产品相关的精密模具制造等,具体下游应用为汽车及新能源汽车、移动通讯、动力电池、储能 电池等领域。主营业务收入构成为：精密金属结构件58.04%，汽车电子31.75%，通讯 ...

Group 1 - The core point of the news is that Ping An Electric experienced a decline of 5.05% in its stock price, reaching 52.70 yuan per share, with a trading volume of 138 million yuan and a turnover rate of 5.48%, resulting in a total market capitalization of 9.776 billion yuan [1] - Ping An Electric, established on March 19, 2015, specializes in the research, production, and sales of mica insulation materials, fiberglass cloth, and new energy insulation materials. The revenue composition is as follows: 54.41% from electric power and electrical heat mica insulation materials, 32.90% from new energy safety protection composite components, 11.74% from fiberglass cloth and products, and 0.95% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Ping An Electric. The China Merchants CSI 2000 Index Enhanced A Fund (019918) held 180,800 shares in the second quarter, accounting for 0.67% of the fund's net value, making it the largest holding. The estimated floating loss today is approximately 506,200 yuan [2] - The China Merchants CSI 2000 Index Enhanced A Fund, managed by Wang Ping, was established on January 2, 2024, with a current scale of 321 million yuan. Year-to-date returns are 45.96%, ranking 495 out of 4222 in its category, while the one-year return is 93.01%, ranking 410 out of 3781. Since inception, the fund has achieved a return of 68.44% [2][3]

Core Viewpoint - The quantitative private equity industry has rapidly developed in recent years, outperforming public quantitative funds in terms of performance, with private equity quantitative index enhancement products showing an average return of 31.11% compared to 22.03% for public funds [2][3]. Summary by Category Performance Comparison - As of August 15, 2025, the average return for 398 private equity index enhancement products is 31.11%, with an excess return of 11.50%. In contrast, 382 public equity index enhancement products have an average return of 22.03% and an excess return of 6.04% [2][3]. - The performance of private equity products across different indices shows significant advantages, particularly in the 中证500 and 中证1000 categories, where private equity products have average returns of 29.40% and 35.25%, respectively [9][12]. Leading Products - In the 沪深300 index enhancement category, the top private equity product is "澎湃权益1号" managed by 刘治平, achieving an excess return of ***% [5][7]. - For the 中证500 index enhancement, "兆信中证500指数增强1号A类份额" managed by 唐越 and 胡晨航 leads with an excess return of ***% [10][11]. - The top product in the 中证1000 index enhancement is "今通量化价值成长六号" managed by 钱伟强, with an excess return of ***% [13][15]. - In the 国证/中证2000 index enhancement, "平方和鼎盛中证2000指数增强21号A期" managed by 吕杰勇 and 方壮 ranks first with an excess return of ***% [17][19]. Market Environment - The strong performance of quantitative strategies is attributed to the structural characteristics of the A-share market in the first half of 2025, where small and mid-cap stocks have continued to outperform, and individual stock volatility has increased, creating an ideal trading environment for quantitative strategies [3].

Core Insights - Xianying Technology (301067.SZ) released its semi-annual report for 2025 on August 26, 2025, indicating a total of 2 institutional investors holding shares, amounting to 11.59% of the total share capital [1] Institutional Holdings - As of August 25, 2025, institutional investors collectively held 11.59 million shares of Xianying Technology, representing a decrease of 0.14 percentage points compared to the previous quarter [1] - The institutional investors include Nanjing Qiying Venture Capital Partnership (Limited Partnership) and Industrial and Commercial Bank of China - Dacheng CSI 360 Internet + Big Data 100 Index Securities Investment Fund [1] Public Fund Holdings - One public fund, Dacheng CSI 360 Internet + Index A, reported a decrease in holdings compared to the previous quarter [1] - Two public funds, including China Merchants CSI 2000 Index Enhanced A and China Merchants CSI 2000 Enhanced Strategy ETF, were not disclosed in this period compared to the last quarter [1]

Group 1 - The core viewpoint of the news is that Yongyi Co., Ltd. (603600.SH) has reported an increase in institutional ownership, with a total of 1.73 billion shares held by seven institutional investors, representing 52.19% of the total share capital as of August 25, 2025 [1] - The institutional ownership has increased by 0.07 percentage points compared to the previous quarter, indicating a growing confidence among institutional investors [1] - Among public funds, there was a slight increase in holdings from one public fund, namely the Dacheng Competitive Advantage Mixed A, while three public funds were not disclosed in this period [1] Group 2 - One social security fund, the National Social Security Fund 502 Portfolio, was not disclosed in the current period compared to the previous quarter [2]

Core Viewpoint - Dahan Technology (600288.SH) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings and the introduction of new public funds [1] Group 1: Institutional Holdings - As of August 22, 2025, four institutional investors disclosed holdings in Dahan Technology A-shares, totaling 8.4018 million shares, which represents 1.92% of the total share capital [1] - The institutional investors include Shanghai Kuang Investment Asset Management Co., Ltd., Hainan Zongguan Private Fund Management Co., Ltd., and two specific index-enhanced funds [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.34 percentage points [1] Group 2: Public Funds - During this reporting period, two new public funds were disclosed compared to the previous quarter, namely the招商中证2000指数增强A and 海富通中证2000增强策略ETF [1]