2025年10月27日，锡装股份(001332.SZ)发布2025年第三季报。截至2025年10月26日，共有8个机构投资 者披露持有锡装股份A股股份，合计持股量达333.35万股，占锡装股份总股本的3.02%。其中，机构投 资者包括基本养老保险基金一二零三组合、基本养老保险基金二零零七组合、J.P.Morgan Securities PLC-自有资金、中国工商银行股份有限公司-鹏华新能源精选混合型证券投资基金、中国银行股份有限 公司-嘉实瑞享定期开放灵活配置混合型证券投资基金、北京银行股份有限公司-永赢新材料智选混合型 发起式证券投资基金、中国工商银行-天弘精选混合型证券投资基金、德邦乐享生活混合A，机构投资 者合计持股比例达3.02%。相较于上一季度，机构持股比例合计上涨了1.41个百分点。 外资态度来看，本期较上一季度新披露的外资机构有 1 家 ，即J.P.Morgan Securities PLC-自有资金。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 公募基金方面本期较上一季度持股减少的公募基金共计1个，即天弘精选混合A，持股减少占比达 0.18%。本期较上一季度新披露的 ...

Core Viewpoint - Liu Xinzheng has resigned from multiple funds managed by Zheshang Fund Management Co., Ltd, indicating a significant change in the management structure of these investment products [1][2][3][4] Fund Performance Summary - **Zheshang Fengli Enhanced Bond Fund**: Established on August 28, 2018, with a year-to-date return of 7.01% and a cumulative return of 75.92%, net asset value at 1.7592 yuan [1] - **Zheshang Hu-Gang-Shen Mixed Fund A/C**: Established on June 27, 2019, with year-to-date returns of 24.92% and 24.43%, cumulative returns of 34.56% and 30.18%, net asset value at 1.3682 yuan and 1.3269 yuan [1] - **Zheshang Zhiduo Jin Steady One-Year Holding Period A/C**: Established on June 24, 2021, with year-to-date returns of 5.40% and 5.09%, cumulative returns of 10.93% and 9.07%, net asset value at 1.1086 yuan and 1.0901 yuan [1] - **Zheshang Zhiduo Ying Bond A/C**: Established on December 7, 2021, with year-to-date returns of 2.42% and 2.12%, cumulative returns of 8.08% and 6.44%, net asset value at 1.0808 yuan and 1.0644 yuan [2] - **Zheshang Zhi Xuan Value Mixed A/C**: Established on April 16, 2021, with year-to-date returns of 12.57% and 12.18%, cumulative returns of 6.33% and 4.02%, net asset value at 1.0646 yuan and 1.0416 yuan [2] - **Zheshang Zhiduo Bao Steady One-Year Holding Period A/C**: Established on July 23, 2020, with year-to-date returns of 2.76% and 2.39%, cumulative returns of 9.84% and 7.04%, net asset value at 1.0976 yuan and 1.0699 yuan [2] - **Zheshang Zhi Xuan Ling Hang Three-Year Holding Period A/C**: Established on January 13, 2021, with year-to-date returns of 13.59% and 13.43%, cumulative returns of -1.77% and -2.68%, net asset value at 0.9823 yuan and 0.9732 yuan [2] Management Changes - Liu Xinzheng has been dismissed as the fund manager for several funds, including Zheshang Hu-Gang-Shen Mixed Fund, Zheshang Zhiduo Jin Steady One-Year Holding Period Fund, Zheshang Zhiduo Ying Bond Fund, Zheshang Zhi Xuan Value Mixed Fund, Zheshang Zhiduo Bao Steady One-Year Holding Period Fund, and Zheshang Zhi Xuan Ling Hang Three-Year Holding Period Fund [3][4] - Other fund managers will continue to manage these funds alongside the remaining team members [3][4]

Core Viewpoint - Zhejiang Merchants Fund has announced the appointment of Rao Zuhua as a new fund manager for several of its investment products, indicating a strategic move to enhance management capabilities and potentially improve fund performance [1][2]. Fund Performance Summary - **Zhejiang Merchants CSI 300 Index Enhanced (LOF)**: - Established on May 7, 2012 - Year-to-date return: 13.80% (A), 13.43% (C) - Since inception return: 136.09% (A), 0.38% (C) - Cumulative net value: 2.2058 (A), 2.0171 (C) [1] - **Zhejiang Merchants CSI 500 Enhanced**: - Established on May 11, 2016 - Year-to-date return: 20.58% (A), 20.30% (C) - Since inception return: 80.32% (A), 80.26% (C) - Cumulative net value: 1.8032 (A), 1.7658 (C) [1] - **Zhejiang Merchants Fengli Enhanced Bond**: - Established on August 28, 2018 - Year-to-date return: 8.84% - Since inception return: 78.92% - Cumulative net value: 1.7892 [2] - **Zhejiang Merchants Zhiduoying Bond**: - Established on December 7, 2021 - Year-to-date return: 2.21% (A), 1.95% (C) - Since inception return: 7.86% (A), 6.26% (C) - Cumulative net value: 1.0786 (A), 1.0626 (C) [2] - **Zhejiang Merchants CSI 1000 Index Enhanced**: - Established on September 26, 2023 - Year-to-date return: 28.39% (A), 28.05% (C) - Since inception return: 29.83% (A), 28.83% (C) - Cumulative net value: 1.2983 (A), 1.2883 (C) [2] Management Changes - Rao Zuhua has been appointed as a new fund manager for multiple funds, including: - Zhejiang Merchants CSI 300 Index Enhanced (LOF) [3] - Zhejiang Merchants CSI 500 Enhanced [3] - Zhejiang Merchants Fengli Enhanced Bond [4] - Zhejiang Merchants Zhiduoying Bond [4] - Zhejiang Merchants CSI 1000 Index Enhanced [4] - Rao Zuhua has a background in quantitative research and has held positions at various financial institutions, enhancing the fund's management expertise [1].

Group 1 - The core viewpoint of the article is that Xizhuang Co., Ltd. (001332.SZ) has reported an increase in institutional investor holdings in its A-shares as of August 25, 2025, with a total of 1.49% of the company's total share capital held by four institutional investors [1] - The total number of shares held by institutional investors amounts to 1.6396 million shares, reflecting a rise of 0.42 percentage points compared to the previous quarter [1] - The public funds saw a decrease in holdings from one fund, specifically the Zheshang Fengli Enhanced Bond Fund, which reduced its holdings by 0.22% [1] Group 2 - Two new public funds disclosed their holdings during this period, namely Tianhong Selected Mixed A and Zheshang Intelligent Navigation Three-Year Holding Period A [1] - Five public funds that were previously disclosed did not report their holdings this quarter, including Dongxing Chenxiang Quantitative Mixed A and others [1]

Group 1 - In April 2023, 88% of the 7040 bond funds with comparable performance recorded gains, with 6189 funds increasing in value, 49 remaining flat, and 802 declining [1][2] - The top-performing bond funds for April were Bosera SSE 30-Year Treasury ETF and Pengyang China Bond 30-Year Treasury ETF, which rose by 4.56% and 4.21% respectively [1] - The mixed bond funds such as Huian Stable Yield Bond A/C and Fangzheng Fubon Hongyuan Bond A/C also saw increases exceeding 3% [1][2] Group 2 - The top holdings for Bosera SSE 30-Year Treasury ETF included special treasury bonds, primarily 24 Special Treasury 01 and 23 Treasury 23 [1] - The performance of the funds managed by Jin Hongfeng and Niu Weisong, who have extensive experience in fund management, contributed to their respective funds' success [1][2] - The funds that experienced declines in April included Jinying Yuanfeng Bond C, which fell by 3.59%, and Zhejiang Merchants Enhanced Bond, which decreased by 3.17% [2][3] Group 3 - The underperforming bond funds primarily held convertible bonds and also allocated assets to stocks, which contributed to their declines in April [3] - The top five holdings of Jinying Yuanfeng Bond C included various convertible bonds and stocks from companies like Guanghuan Xinwang and Youke De [2][3] - The overall bond fund market showed a strong performance in April, with a significant majority of funds achieving positive returns despite some notable exceptions [1][2]