Group 1 - The core viewpoint of the article is that Zhongxing Commercial (000715.SZ) reported its semi-annual results for 2025, highlighting the institutional investor holdings and changes in public fund disclosures [1] Group 2 - As of August 25, 2025, six institutional investors disclosed holdings in Zhongxing Commercial A-shares, totaling 171 million shares, which represents 31.56% of the company's total equity [1] - The institutional investor group includes companies such as Liaoning Fangda Group Industrial Co., Ltd., Dalian Investment Management Co., Ltd., and others, with a slight decrease of 0.01 percentage points in institutional holding compared to the previous quarter [1] - One new public fund was disclosed during this period, namely the Harvest CSI 1000 Index Enhanced Initiation A, while one public fund, the E Fund Yibai Intelligent Quantitative Strategy Mixed A, was no longer disclosed [1]

Core Viewpoint - Sanfu Co., Ltd. (603938.SH) reported its semi-annual results for 2025, indicating a total institutional holding of 102 million shares, which constitutes 26.72% of the company's total equity as of August 20, 2025 [1] Institutional Holdings - As of the report date, three institutional investors disclosed their holdings in Sanfu Co., Ltd., with a combined shareholding of 102 million shares, representing 26.72% of the total share capital [1] - The institutional holding percentage decreased by 0.22 percentage points compared to the previous quarter [1] Public Fund Activity - One new public fund, E Fund Yi Bai Intelligent Quantitative Strategy Mixed A, was disclosed in this reporting period, while one public fund, Fuguo Stable Enhanced Bond A/B, was not disclosed in the current period compared to the previous quarter [1]

Core Insights - Shuangle Co., Ltd. (301036.SZ) released its semi-annual report for 2025 on August 18, 2025, indicating a total of 5 institutional investors holding shares, amounting to 15.13% of the total share capital [1] Institutional Holdings - As of August 17, 2025, institutional investors collectively held 15.13% of Shuangle's A-shares, totaling 15,128,200 shares [1] - The institutional investors include Tai Zhou Tong Ying Investment Management Center (Limited Partnership), Tai Zhou Shared Investment Management Center (Limited Partnership), Tai Zhou Gong Ying Investment Management Center (Limited Partnership), Tai Zhou Shuang Ying Investment Management Center (Limited Partnership), and E Fund Yi Bai Intelligent Quantitative Strategy Mixed A [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.03 percentage points [1] Public Fund Involvement - During this reporting period, one new public fund was disclosed, which is E Fund Yi Bai Intelligent Quantitative Strategy Mixed A [1]