Core Insights - Minhe Holdings (002234.SZ) released its Q3 2025 report on October 25, 2025, indicating a total of 3 institutional investors holding shares, amounting to 8.31 million shares, which represents 2.38% of the total share capital [1] Institutional Holdings - The total institutional holding increased by 0.17 percentage points compared to the previous quarter [1] - The institutional investors include Zheshang Bank Co., Ltd. - Guotai CSI Livestock Breeding ETF, Agricultural Bank of China Co., Ltd. - Yinhua Agricultural Industry Equity Fund, and Kunlun Trust Co., Ltd. [1] Public Fund Holdings - One public fund increased its holdings this period, specifically the Guotai CSI Livestock Breeding ETF, with an increase of 0.58% [1] - One new public fund disclosed this quarter is the Yinhua Agricultural Industry Equity Fund [1] - A total of 22 public funds were not disclosed this quarter, including CITIC Securities Value Growth A, China Merchants CSI Livestock Breeding ETF, Livestock ETF, Guojin Quantitative Multi-Factor A, and Guojin Quantitative Select A [1]

Group 1 - The core viewpoint of the news is that Zhejiang Huatong Meat Products Co., Ltd. has seen a stock price increase of 5.22%, reaching 12.30 CNY per share, with a trading volume of 308 million CNY and a turnover rate of 4.10%, resulting in a total market capitalization of 9.902 billion CNY [1] - The company, established on August 8, 2001, and listed on January 10, 2017, primarily engages in feed processing, livestock farming, slaughtering, and deep processing of meat products [1] - The main revenue composition of the company includes fresh pork at 94.51%, fresh poultry at 2.42%, other products at 2.02%, live pigs at 0.50%, ham at 0.38%, and feed at 0.17% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Yinhua Fund is among the largest shareholders of Huatong. The Yinhua Agricultural Industry Stock Initiation A (005106) reduced its holdings by 860,700 shares in the second quarter, now holding 2.9252 million shares, which accounts for 0.59% of the circulating shares [2] - The Yinhua Agricultural Industry Stock Initiation A (005106) was established on September 28, 2017, with a latest scale of 430 million CNY. Year-to-date returns are 12.92%, ranking 3392 out of 4223 in its category; the one-year return is 25.1%, ranking 3520 out of 3803; and since inception, the return is 45.24% [2]