Group 1 - The core viewpoint of the news is that Shanghai Jinhhe Commercial Management Co., Ltd. has shown a stock price increase of 2.15%, reaching 6.66 CNY per share, with a total market capitalization of 3.147 billion CNY as of December 31 [1] - The company specializes in the positioning design, renovation, leasing, operation, and service of old urban properties and inefficient commercial properties, with rental income accounting for 74.83% and property services and others making up 25.17% of its revenue [1] - The company was established on May 9, 2007, and went public on April 21, 2020 [1] Group 2 - According to data from the top ten holdings of funds, Hongde Fund has a significant position in Jinhhe Commercial Management, with its Hongde Yuexiang One-Year Holding Mixed A Fund holding 158,800 shares, representing 0.15% of the fund's net value [2] - The fund has a current scale of 339 million CNY and has achieved a return of 4.29% since its inception on February 5, 2025 [2] - The fund manager, Zhao Duanduan, has been in position for 7 years and 100 days, with the fund's total asset size at 2.614 billion CNY, achieving a best return of 42.47% and a worst return of -0.5% during his tenure [3]

Core Insights - Jinjia Co., Ltd. (002191.SZ) released its Q3 2025 financial report, indicating a total of 4 institutional investors holding shares, amounting to 521 million shares, which represents 35.88% of the total share capital [1] Institutional Holdings - The total institutional holding decreased by 0.64 percentage points compared to the previous quarter [1] - The institutional investors include Shenzhen Jinjia Venture Capital Co., Ltd., Xinjiang Century Yuntong Equity Investment Partnership (Limited Partnership), Hong Kong Central Clearing Limited, and Fujian Lexiang Investment Co., Ltd. [1] Public Fund Activity - A total of 24 public funds were disclosed this period, including Hongde Quality Governance Mixed Fund, Shenwan Hongyuan Quantitative Small Cap Stock (LOF) A, Hongde Enjoy One-Year Holding Period Mixed A, Changjiang Huizhi Quantitative Stock Selection Mixed Initiation A, and Southern CSI 2000 ETF [1] Foreign Investment Trends - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.35% compared to the previous quarter [1]

Core Viewpoint - Liancheng Precision (002921.SZ) reported a decline in institutional ownership in its Q3 2025 report, with a total of 10.72 million shares held by three institutional investors, representing 7.20% of the total share capital, down 2.60 percentage points from the previous quarter [1] Institutional Investors - As of October 27, 2025, three institutional investors disclosed holdings in Liancheng Precision, totaling 10.72 million shares, which is 7.20% of the company's total equity [1] - The institutional investors include Cuili Holdings Limited, Shanghai Yihai Venture Capital Partnership (Limited Partnership), and Industrial and Commercial Bank of China - CITIC Prudential Multi-Strategy Flexible Allocation Mixed Securities Investment Fund (LOF) [1] - The overall institutional holding percentage decreased by 2.60 percentage points compared to the previous quarter [1] Public Funds - One new public fund disclosed its holdings this quarter, namely CITIC Prudential Multi-Strategy Mixed (LOF) A [1] - Seven public funds that were previously disclosed did not report this quarter, including Hongde Yuxiang One-Year Holding Period Mixed A, Nuoan Balanced Preferred One-Year Holding Mixed A, Dongfang Quantitative Growth Flexible Allocation Mixed A, Hongde Huixiang Mixed A, and Hongde Ruixiang One-Year Holding Period Mixed A [1] Foreign Investment Attitude - This quarter, two foreign institutions that were previously disclosed did not report their holdings, including J.P. Morgan Securities PLC - Proprietary Funds and Citigroup Global Markets Limited [1]