Core Insights - Demar Technology (688360.SH) reported its Q3 2025 results on October 31, 2025, highlighting significant institutional investor activity [1] Institutional Holdings - As of October 30, 2025, five institutional investors disclosed holdings in Demar Technology A-shares, totaling 102 million shares, which represents 38.79% of the company's total equity [1] - The institutional investors include Huzhou Demar Investment Consulting Co., Ltd., Huzhou Chuangde Investment Consulting Partnership (Limited Partnership), Huzhou Ligoo Management Consulting Co., Ltd., J.P. Morgan Securities PLC - proprietary funds, and Huzhou Quanmei Investment Partnership (Limited Partnership) [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 3.64 percentage points [1] Public Fund Activity - In this reporting period, 58 public funds were not disclosed compared to the previous quarter, including notable funds such as Baoying Technology 30 Mixed, Shenwan Hongyuan Leting Mixed A, Penghua New Energy Mixed A, Penghua Carbon Neutral Theme Mixed A, and CSI 2000 [1]

Core Insights - The announcement on October 25, 2025, reveals the appointment of Bu Zhonglin as the new fund manager for Shenwan Hongyuan Leting Mixed Fund (013085) effective from the same date [1] - As of October 24, 2025, the net value of Shenwan Hongyuan Leting Mixed Fund was 0.8123, reflecting a daily increase of 2.6% and a yearly increase of 24.02% [1] Fund Manager Profile - Bu Zhonglin, a Chinese national with a master's degree, has been involved in the financial sector since 2016, previously working at firms such as Industrial Securities, Xiaoxiang Capital, and Kaisheng Rongying Technology [1] - He joined Shenwan Hongyuan Fund in February 2022 and has been managing the Shenwan Hongyuan Intelligent Driving Stock Fund since October 16, 2024 [1] Fund Performance - The funds managed by Bu Zhonglin include: - Shenwan Hongyuan Intelligent Driving Stock A (Code: 005825) with a return of 70.91% since October 16, 2024 [1] - Shenwan Hongyuan Intelligent Driving Stock C (Code: 015159) with a return of 70.17% since October 16, 2024 [1] - A review of the major holdings shows that the Shenwan Hongyuan Intelligent Driving Stock A fund added Zhaoyi Innovation in Q4 2024 at an average price of 519.16, maintaining the position for three quarters, with the latest average price at 660.21, resulting in an estimated return of 27.17% [1]

Group 1 - The core point of the news is that Diwei Er's stock price increased by 5.49% to 43.25 CNY per share, with a trading volume of 1.29 billion CNY and a turnover rate of 1.58%, resulting in a total market capitalization of 8.419 billion CNY [1] - Diwei Er, officially known as Nanjing Diwei Er High-end Manufacturing Co., Ltd., is located in Jiangbei New District, Nanjing, Jiangsu Province, and was established on August 19, 2009. The company was listed on July 8, 2020, and specializes in the research, development, production, and sales of oil and gas equipment components [1] Group 2 - From the perspective of major fund holdings, one fund under Shenwan Lixin holds a significant position in Diwei Er. Shenwan Lixin Letong Mixed A (013085) held 1.4491 million shares in the second quarter, unchanged from the previous period, accounting for 5.23% of the fund's net value, making it the sixth-largest holding [2] - The fund has a current scale of 599 million CNY and has achieved a return of 24.49% this year, ranking 3309 out of 8162 in its category. Over the past year, it has returned 23.97%, ranking 3186 out of 8024, while since its inception, it has experienced a loss of 19.9% [2] - The fund manager, Fu Juan, has a tenure of 13 years and 184 days, with total assets under management of 3.711 billion CNY. During her tenure, the best fund return was 172.37%, while the worst was -36.32% [2]