Group 1 - Tianyuan Co., Ltd. (003003.SZ) released its Q3 2025 report on October 31, 2025, indicating that as of October 30, 2025, four institutional investors disclosed holdings in Tianyuan shares, totaling 7.7889 million shares, which represents 4.41% of the total share capital [1] - The institutional investors include Dongguan Tianqi Equity Investment Co., Ltd., Dongguan Zhongke Zhongguang Venture Capital Co., Ltd., China Construction Bank Corporation - Nuoan Multi-Strategy Mixed Securities Investment Fund, and Zhanjiang Zhongguang Venture Capital Co., Ltd. The total institutional holding ratio decreased by 0.72 percentage points compared to the previous quarter [1] - In terms of public funds, one new public fund was disclosed this period, namely Nuoan Multi-Strategy Mixed A, while 12 public funds were not disclosed compared to the previous quarter, including Hongde Quality Governance Mixed, Furong Fuyou Mixed A, Xinhua Small and Medium-sized Value Selection Mixed, Morgan Dynamic Multi-Factor Mixed A, and E Fund CSI 1000 Quantitative Enhancement A [1] Group 2 - Regarding foreign investment, the report noted that two foreign institutions, UBS AG and Barclays Bank PLC, were not disclosed in this period compared to the previous quarter [2]

Core Insights - Falunsheng (000890.SZ) reported its Q3 2025 results on October 31, 2025, indicating a total of 6 institutional investors holding 176 million shares, which accounts for 41.88% of the total share capital [1] - The proportion of shares held by institutional investors decreased by 1.88 percentage points compared to the previous quarter [1] - Four public funds were disclosed this period, including Morgan Dynamic Multi-Factor Mixed A and others, which were not reported in the previous quarter [1] Institutional Investors - The institutional investors include Falunsheng Hongsheng Group Co., Ltd., Jiangyin Yaobo Taibang Enterprise Management Partnership (Limited Partnership), Goldman Sachs International - Proprietary Capital, UBS AG, Morgan Stanley & Co. International PLC, and Jiukun Investment (Beijing) Co., Ltd. - Jiukun Strategy Selected No. 8 Private Securities Investment Fund [1] - The total holding proportion of institutional investors is 41.88% [1] Foreign Investment - Two foreign funds reduced their holdings compared to the previous quarter, namely Goldman Sachs International - Proprietary Capital and Morgan Stanley & Co. International PLC, with a reduction rate of 0.37% [2] - One new foreign institution, UBS AG, was disclosed this period, while Barclays Bank PLC and Merrill Lynch International were not reported in the current quarter [2]

Core Viewpoint - Meiside (603041.SH) reported its Q3 2025 results, highlighting a significant presence of institutional investors holding 46.24% of its total shares, with a slight decrease in institutional ownership compared to the previous quarter [1] Institutional Investors - As of October 29, 2025, six institutional investors disclosed holdings in Meiside A-shares, totaling 84.6945 million shares [1] - The institutional investors include notable entities such as Foshan Shunde Demai Chemical Group Co., Ltd., Zhoushan Shichuang Changrong Equity Investment Co., Ltd., and several mutual funds [1] - The total institutional holding percentage decreased by 0.36 percentage points compared to the previous quarter [1] Public Funds - One public fund, Nuoan Multi-Strategy Mixed Fund, increased its holdings in the current period, with an increase percentage of 0.34% [1] - Three new public funds disclosed their holdings this quarter, including CITIC Prudential Multi-Strategy Mixed (LOF) A, Zhongjia Specialized and New Quantitative Stock Selection Mixed Initiation A, and Morgan Dynamic Multi-Factor Mixed A [1] - Nineteen public funds that were previously disclosed did not report their holdings this quarter, including notable funds like Everbright Prudential Quantitative Stock A and Xingquan CSI 300 Index Enhanced (LOF) A [1]

Core Insights - Morgan Fund has announced the effective contract of the Morgan Wisdom Preferred Mixed Securities Investment Fund, with a total net subscription amount of 1,412,790,955.31 yuan during the fundraising period [1][3] - The fund manager, Hu Di, has extensive experience in asset management, having previously worked at Merrill Lynch and China International Capital Corporation [1] - The fund raised a total of 1,413,128,848.93 shares, including interest accrued during the fundraising period [1][3] Fund Performance - Hu Di has managed various types of funds, including mixed and equity funds, with the Morgan Dynamic Multi-Factor Mixed A fund showing a return of -5.97% since his tenure began on January 7, 2021 [1] - Han Xiu Yi, another fund manager, has been managing equity funds since last year, with the Morgan Dividend Preferred Stock A/C fund returning 17.66% and 16.98% over 358 days, which is below the average return of 32.64% for similar products [2] Fund Details - The fundraising period for the fund was from July 7, 2025, to July 18, 2025, with a total of 15,378 valid subscription accounts [3] - The total net subscription amount was broken down into 537,694,836.37 yuan for Class A and 875,096,118.94 yuan for Class C [3]

Core Points - Morgan Fund has announced the effective contract of the Morgan Wisdom Preferred Mixed Securities Investment Fund, with a total net subscription amount of 1,412,790,955.31 yuan during the fundraising period [1] - The fund manager, Hu Di, has extensive experience in asset management, having previously worked at Merrill Lynch and CICC, and currently manages mixed and stock funds in addition to index funds [1] - The fund raised a total of 1,413,128,848.93 shares, with interest accrued during the fundraising period amounting to 337,893.62 yuan [1][3] Fund Performance - Hu Di's management of the Morgan Dynamic Multi-Factor Mixed A fund has yielded a return of -5.97% since January 7, 2021 [1] - Han Xiu Yi, who has transitioned from managing index funds to equity funds, co-manages the Morgan Dividend Preferred Stock A/C, achieving returns of 17.66% and 16.98% over 358 days, which is below the average of 32.64% for similar products [2] Fundraising Details - The fundraising period for the fund was from July 7, 2025, to July 18, 2025, with a total of 15,378 valid subscription accounts [3] - The total net subscription amount was broken down into 537,694,836.37 yuan for Class A and 875,096,118.94 yuan for Class C, with a combined total of 1,412,790,955.31 yuan [3]