Core Insights - Mingke Technology (001319.SZ) reported its Q3 2025 results on October 29, 2025, with a total of 5 institutional investors holding shares, amounting to 8.3272 million shares, which represents 5.89% of the total share capital [1] Institutional Holdings - The total institutional holding percentage decreased by 0.69 percentage points compared to the previous quarter [1] - The institutional investors include Shengrong (Dongguan) Management Consulting Partnership (Limited Partnership), Shenzhen Yifu Investment Co., Ltd., Goldman Sachs International - Proprietary Capital, Barclays Bank PLC, and J.P. Morgan Securities PLC - Proprietary Capital [1] Public Fund Activity - A total of 18 public funds were not disclosed in this period compared to the previous quarter, including E Fund Yibai Intelligent Quantitative Strategy Mixed A, Guotai Haitong Quantitative Stock Selection Mixed Initiation A, Southern CSI 2000 ETF, Nord New Energy Vehicle A, and Oriental Quantitative Growth Flexible Allocation Mixed A [1] Foreign Investment Trends - One foreign fund, Barclays Bank PLC, increased its holdings slightly compared to the previous quarter [1] - Two new foreign institutions disclosed their holdings this period, including Goldman Sachs International - Proprietary Capital and J.P. Morgan Securities PLC - Proprietary Capital [1] - UBS AG was not disclosed in this period compared to the previous quarter [1]

Group 1 - The core viewpoint of the news is that Xinquan Co., Ltd. has seen a significant increase in its stock price, with a rise of 5.26% to 67.00 CNY per share, resulting in a total market capitalization of 32.649 billion CNY [1] - Xinquan Co., Ltd. specializes in providing comprehensive solutions for automotive decorative parts and was established on April 28, 2001, and listed on March 17, 2017 [1] - The trading volume for Xinquan Co., Ltd. reached 505 million CNY, with a turnover rate of 1.55% [1] Group 2 - Nord Fund's "Nord New Energy A" (014829) holds a significant position in Xinquan Co., Ltd., with 24,000 shares, accounting for 4.4% of the fund's net value, making it the third-largest holding [2] - The fund has achieved a year-to-date return of 38.74%, ranking 1246 out of 8175 in its category, and a one-year return of 65.06%, ranking 1552 out of 7982 [2] - The total scale of the Nord New Energy A fund is 12.1135 million CNY, and since its inception, it has returned 34.24% [2] Group 3 - The fund manager of Nord New Energy A is Wang Hengnan, who has been in the position for nearly 7 years, with a total asset scale of 220 million CNY [3] - During Wang Hengnan's tenure, the best fund return was 51.05%, while the worst was -35.81% [3]

Group 1 - The core viewpoint of the articles highlights the recent performance of Xinquan Co., which has seen a stock price increase of 13.98% over four consecutive days, reaching 58.80 CNY per share with a market capitalization of 28.653 billion CNY [1] - Xinquan Co. specializes in providing comprehensive solutions for automotive decorative parts and was established on April 28, 2001, with its listing date on March 17, 2017 [1] - The trading volume for Xinquan Co. on the reporting date was 1.659 billion CNY, with a turnover rate of 6.05% [1] Group 2 - Nord Fund's "Nord New Energy A" (014829) holds 24,000 shares of Xinquan Co., representing 4.4% of the fund's net value, making it the third-largest holding [2] - The fund has generated a floating profit of approximately 67,200 CNY today and 164,900 CNY during the four-day price increase [2] - The fund was established on March 31, 2022, with a current size of 12.1135 million CNY and has achieved a year-to-date return of 35.25% [2]

Core Viewpoint - The AI Fund Nord New Energy Vehicles A (014829) reported a profit of 84,600 yuan for Q2 2025, with a weighted average profit per fund share of 0.0073 yuan, and a net asset value growth rate of 1.2% during the reporting period [3] Fund Performance - As of July 18, 2025, the fund's unit net value was 1.194 yuan [3] - The fund's performance over various time frames includes: - 3-month net value growth rate: 14.46%, ranking 54 out of 171 comparable funds [4] - 6-month net value growth rate: 20.80%, ranking 22 out of 171 comparable funds [4] - 1-year net value growth rate: 36.78%, ranking 27 out of 166 comparable funds [4] - 3-year net value growth rate: 12.30%, ranking 4 out of 125 comparable funds [4] Risk and Return Metrics - The fund's Sharpe ratio over the past three years is 0.3189, ranking 6 out of 120 comparable funds [8] - The maximum drawdown over the past three years is 31.49%, ranking 119 out of 122 comparable funds [10] - The largest single-quarter drawdown occurred in Q2 2022, at 21.21% [10] Investment Strategy - The fund's average stock position over the past three years was 89.4%, compared to a peer average of 87.02% [13] - The fund reached its highest stock position of 93.04% at the end of H1 2024, while the lowest was 70.23% at the end of H1 2022 [13] Fund Size and Holdings - As of the end of Q2 2025, the fund's size was 12.1135 million yuan [14] - The top ten holdings of the fund include: - Ganfeng Lithium - Sanhua Intelligent Control - Xinquan Co., Ltd. - China Automotive Engineering Research Institute - Baolong Technology - Top Group - China National Heavy Duty Truck Group - Ruihu Mold - Yutong Bus - Huace Testing [17]