Core Viewpoint - The stock of Xin Qiang Lian experienced a decline of 5.1%, trading at 48.43 yuan per share, with a total market capitalization of 20.054 billion yuan as of November 18 [1] Company Overview - Xin Qiang Lian is located in the Economic and Technological Development Zone of Xin'an County, Luoyang, Henan Province, and was established on August 3, 2005, with its listing date on July 13, 2020 [1] - The company specializes in the research, development, production, and sales of large slewing bearings and industrial forgings [1] Revenue Composition - The revenue breakdown of Xin Qiang Lian is as follows: - Wind power products: 75.84% - Locking discs: 7.26% - Others: 6.23% - Forgings: 6.05% - Shield tunneling machine products: 1.49% - Offshore equipment: 1.39% - Power: 1.15% - Other bearing products: 0.42% - Couplings: 0.10% - Gearbox bearing products: 0.03% - Wind turbine generator transmission components: 0.03% [1] Fund Holdings - E Fund's fund, E Fund CSI 1000 Quantitative Enhancement A (017094), holds 67,100 shares of Xin Qiang Lian, accounting for 0.43% of the fund's net value, ranking as the seventh largest holding [2] - The fund has reported a floating loss of approximately 174,500 yuan as of the latest data [2] Fund Performance - E Fund CSI 1000 Quantitative Enhancement A was established on April 25, 2023, with a current scale of 311 million yuan [2] - Year-to-date return is 39.31%, ranking 979 out of 4212 in its category; the one-year return is 38.87%, ranking 815 out of 3956; and since inception, the return is 40.69% [2]

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 - Xidi Micro (688173.SH) reported its Q3 2025 results, revealing that 13 institutional investors hold a total of 71.41 million shares, representing 17.38% of the company's total equity [1] - The top ten institutional investors collectively hold 17.36% of the shares, which is a decrease of 2.45 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Xidi Micro shares has remained stable, with a total of 13 investors disclosing their holdings [1] - The top ten institutional investors include notable entities such as Chongqing Weichun Enterprise Management Consulting Co., Ltd. and Hong Kong Central Clearing Limited [1] Public Fund Activity - Two public funds increased their holdings in this period, including E Fund CSI 1000 Quantitative Enhanced A and Penghua Smart Investment Digital Economy Mixed A, with a slight increase in the proportion of shares held [2] - Six new public funds disclosed their holdings, including notable funds like China Merchants CSI 1000 Enhanced Strategy ETF and Wan Ke Growth Enterprise Board Index Enhanced A [2] - A total of 84 public funds did not disclose their holdings in this period, indicating a significant turnover in public fund participation [2] Foreign Investment - One new foreign institutional investor disclosed its holdings in this period, specifically Hong Kong Central Clearing Limited [2]

Group 1 - The core point of the article highlights the recent performance of Founder Technology, which saw a 5.07% increase in stock price, reaching 11.19 CNY per share, with a trading volume of 1.758 billion CNY and a turnover rate of 3.88%, resulting in a total market capitalization of 47.823 billion CNY [1] - Founder Technology Group Co., Ltd. is based in Shanghai and was established on November 15, 1993, with its listing date on December 19, 1990. The company's main business involves the production and sale of PCB products, internet access services, and IT system integration and solutions. The revenue composition is 98.83% from product sales and 1.17% from service provision [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under E Fund has a significant position in Founder Technology. The E Fund CSI 1000 Quantitative Enhancement A (017094) held 198,300 shares in the second quarter, accounting for 0.45% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 107,100 CNY [2] - The E Fund CSI 1000 Quantitative Enhancement A (017094) was established on April 25, 2023, with a current scale of 128 million CNY. Year-to-date returns are 36.49%, ranking 1129 out of 4218 in its category; the one-year return is 42.68%, ranking 718 out of 3875; and since inception, the return is 37.84% [2] - The fund managers, Yin Ming and Huang Jiansheng, have tenures of 4 years and 5 years respectively. During their management, Yin Ming's best fund return is 86.36%, while the worst is 1.61%. Huang Jiansheng's best return is 57.73%, and the worst is -17.99% [2]

Group 1 - The core point of the news is that Fangzheng Technology's stock price increased by 5.18% to 10.76 CNY per share, with a trading volume of 2.272 billion CNY and a turnover rate of 5.17%, resulting in a total market capitalization of 45.985 billion CNY [1] - Fangzheng Technology Group Co., Ltd. is located in Shanghai and was established on November 15, 1993, with its listing date on December 19, 1990. The company's main business includes the production and sale of PCB products, internet access services, and IT system integration and solutions [1] - The revenue composition of Fangzheng Technology shows that 98.83% comes from product sales, while 1.17% is from service provision [1] Group 2 - From the perspective of fund holdings, one fund under E Fund has Fangzheng Technology as a significant holding. E Fund's CSI 1000 Quantitative Enhancement A (017094) held 198,300 shares in the second quarter, accounting for 0.45% of the fund's net value, ranking as the third-largest holding [2] - The E Fund's CSI 1000 Quantitative Enhancement A (017094) was established on April 25, 2023, with a latest scale of 128 million CNY. Year-to-date, it has achieved a return of 36.74%, ranking 1163 out of 4218 in its category; over the past year, it has returned 44.04%, ranking 679 out of 3869 [2] - The fund managers, Yin Ming and Huang Jiansheng, have cumulative tenures of 4 years and 5 years respectively, with the best fund returns during their tenure being 83.77% and 57.73% [2]

Core Insights - Yuntian Lifei's stock price dropped by 5.02% on September 26, closing at 82.60 CNY per share, with a trading volume of 1.261 billion CNY and a turnover rate of 5.70%, resulting in a total market capitalization of 29.639 billion CNY. The stock has seen a cumulative decline of 3.92% over the past three days [1] Company Overview - Shenzhen Yuntian Lifei Technology Co., Ltd. was established on August 27, 2014, and went public on April 4, 2023. The company specializes in artificial intelligence algorithms and chip technology, focusing on the research and sales of AI products and solutions tailored for various application scenarios [1] - The revenue composition of the company is as follows: consumer-level business accounts for 44.22%, industry-level business for 27.66%, enterprise-level business for 27.10%, and other supplementary sources for 1.02% [1] Fund Holdings - According to data from major funds, one fund under E Fund holds a significant position in Yuntian Lifei. The E Fund CSI 1000 Quantitative Enhancement A (017094) held 21,300 shares in the second quarter, representing 0.44% of the fund's net value, making it the fourth-largest holding. The estimated floating loss today is approximately 93,200 CNY, with a floating loss of 75,700 CNY during the three-day decline [2] - The E Fund CSI 1000 Quantitative Enhancement A was established on April 25, 2023, with a current scale of 128 million CNY. Year-to-date returns are 38.67%, ranking 1330 out of 4220 in its category, while the one-year return is 79.63%, ranking 916 out of 3824 [2] - The fund managers, Yin Ming and Huang Jiansheng, have tenures of 4 years and 5 years respectively, with significant returns during their management periods [2]