Group 1 - The core point of the news is the performance and financial metrics of Gongda Gaoke, which saw a stock price increase of 5.23% to 23.55 CNY per share, with a total market capitalization of 2.064 billion CNY [1] - Gongda Gaoke specializes in industrial railway signal control and intelligent scheduling products, with its main business revenue composition being: 48.65% from information system integration and technical services, 25.44% from ground industrial railway signal control and intelligent scheduling products, and 24.94% from underground mining signal control and intelligent scheduling products [1] - The company was established on December 26, 2000, and went public on June 28, 2021, indicating a relatively recent entry into the public market [1] Group 2 - Minsheng Jia Yin Fund has a significant holding in Gongda Gaoke, with its fund "Minsheng Jia Yin Specialized and New Intelligent Selection Mixed Initiation A" (017154) holding 48,400 shares, representing 0.97% of the fund's net value [2] - The fund has achieved a year-to-date return of 54.09%, ranking 1039 out of 8152 in its category, and a one-year return of 53.72%, ranking 946 out of 8038 [2] - The fund manager, Zhou Shuai, has been in position for 2 years and 141 days, with the fund's total asset size at 484 million CNY [3]

Group 1 - The core point of the article is that Benli Technology (301065.SZ) reported its Q3 2025 results, highlighting an increase in institutional ownership and specific changes in public fund holdings [1] Group 2 - As of October 27, 2025, there are 2 institutional investors holding a total of 8.575 million shares of Benli Technology, representing 8.09% of the total share capital, with a 0.14 percentage point increase from the previous quarter [1] - The institutional investors include Taizhou Shaosi Investment Partnership (Limited Partnership) and China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund [1] - One public fund, Nuoan Multi-Strategy Mixed A, increased its holdings by 0.22% compared to the previous period, while 10 public funds did not disclose their holdings this quarter [1]

Core Viewpoint - Gongda Koya (301197.SZ) reported a decrease in institutional ownership in its A-shares, with a total of 45.8694 million shares held by nine institutional investors, representing 38.05% of the total share capital as of August 25, 2025, down by 1.59 percentage points from the previous quarter [1] Institutional Ownership - As of the report date, nine institutional investors disclosed their holdings in Gongda Koya A-shares, totaling 45.8694 million shares [1] - The total institutional ownership accounts for 38.05% of Gongda Koya's total share capital [1] - The institutional ownership saw a decline of 1.59 percentage points compared to the previous quarter [1] Public Fund Disclosure - One new public fund was disclosed in this period, namely Minsheng Jiayin Specialized New Selection Mixed Fund A [1]

Core Insights - Vanguard Electronics (002767.SZ) released its semi-annual report for 2025, indicating a total of 3 institutional investors holding shares, amounting to 1.0439 million shares, which represents 0.70% of the total share capital [1] - The institutional holding ratio decreased by 0.68 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include BARCLAYS BANK PLC, UBS AG, and Minsheng Jia Yin Specialized New Selection Mixed Initiation A, with a combined holding ratio of 0.70% [1] - One new public fund was disclosed this period, namely Minsheng Jia Yin Specialized New Selection Mixed Initiation A [1] Foreign Investment - One foreign fund, BARCLAYS BANK PLC, reduced its holdings by 0.24% compared to the previous quarter [1] - A new foreign institution, UBS AG, was disclosed this period, while MORGAN STANLEY & CO. INTERNATIONAL PLC and J.P. Morgan Securities PLC - proprietary funds were not disclosed this period [1]

Core Viewpoint - Hangzhou Kelin (688611.SH) reported its 2024 annual results, revealing significant institutional investor interest with 26 institutions holding a total of 18.71 million shares, representing 17.07% of the total share capital [1] Group 1: Institutional Holdings - A total of 26 institutional investors disclosed their holdings in Hangzhou Kelin, with a combined shareholding of 18.71 million shares, accounting for 17.07% of the total share capital [1] - The top ten institutional investors collectively hold 16.98% of the shares, with a slight decrease of 0.01 percentage points compared to the previous quarter [1] Group 2: Public Fund Activity - Four public funds increased their holdings in this period, with an increase in shareholding proportion of 0.62% [2] - A total of 20 new public funds disclosed their holdings compared to the previous quarter, including notable funds such as 富国积极成长一年定期开放混合 and 景顺长城稳健回报混合A类 [2] - Two public funds were not disclosed in this period compared to the previous quarter, indicating a reduction in reporting [2]