Core Viewpoint - Huaru Technology's stock increased by 6.05% on November 28, reaching 24.19 CNY per share, with a total market capitalization of 3.77 billion CNY [1] Company Overview - Beijing Huaru Technology Co., Ltd. was established on November 23, 2011, and listed on June 23, 2022. The company specializes in military simulation software sales and simulation technology development and services [1] - The revenue composition of the company includes 78.21% from hardware products, 11.09% from software products, and 10.70% from technology development [1] Shareholder Information - Changxin Fund's Changxin National Defense and Military Industry Quantitative Mixed A Fund (002983) entered the top ten circulating shareholders of Huaru Technology in the third quarter, holding 4.0446 million shares, which is 2.91% of the circulating shares [2] - The fund has achieved a year-to-date return of 25.79% and a one-year return of 28.48%, ranking 2970 out of 8127 and 2465 out of 8059 in its category, respectively [2] Fund Manager Profile - The fund manager of Changxin National Defense and Military Industry Quantitative Mixed A Fund is Song Haikuan, who has been in the position for 7 years and 292 days, managing a total asset size of 6.495 billion CNY [3] - During his tenure, the best fund return was 137.27%, while the worst was -26.88% [3]

Core Insights - Wanzhou Co., Ltd. has seen a stock price increase of 5.06% on November 10, reaching 23.65 CNY per share, with a trading volume of 918 million CNY and a turnover rate of 8.03%, resulting in a total market capitalization of 12.044 billion CNY [1] - The stock has experienced a continuous rise for 10 days, with a cumulative increase of 0% during this period [1] Company Overview - Wanzhou Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 4, 1992, with its listing date on January 10, 1994 [1] - The company's main business includes the research, production, and sales of micro-ecological preparations and high-temperature alloys [1] - The revenue composition of the main business is as follows: Jindouqi 48.91%, high-temperature alloy material sales 26.30%, Dingjunsheng 23.12%, others 1.27%, metal detection and processing services 0.35%, and micro-ecological health products 0.05% [1] Shareholder Insights - Longxin Fund has a fund that ranks among the top ten circulating shareholders of Wanzhou Co., with the Longxin National Defense Military Industry Quantitative Mixed A Fund (002983) newly entering the top ten in the third quarter, holding 11.7722 million shares, accounting for 2.35% of circulating shares [2] - The estimated floating profit for today is approximately 13.4203 million CNY, with no floating profit during the 10-day rising period [2] Fund Manager Information - The fund manager of Longxin National Defense Military Industry Quantitative Mixed A Fund is Song Hai'an, who has been in the position for 7 years and 274 days [3] - The total asset scale of the fund is 6.495 billion CNY, with the best fund return during the tenure being 146.57% and the worst being -26.88% [3]

Group 1 - The core point of the article is that Maxinlin (688685.SH) reported its Q3 2025 results, revealing a decrease in institutional investor holdings compared to the previous quarter [1] - As of October 30, 2025, three institutional investors disclosed holding a total of 9.0597 million shares of Maxinlin, representing 6.23% of the total share capital [1] - The institutional holding ratio decreased by 0.90 percentage points compared to the previous quarter [1] Group 2 - The public funds that did not disclose holdings in the current period totaled 192, including notable funds such as Changxin National Defense Military Industry Quantitative Mixed A and Dongfang Alpha Zhaoyang Mixed A [1]

Core Insights - Holleywo (688682.SH) reported its Q3 2025 results on October 28, 2025, indicating a total of 5 institutional investors holding shares, amounting to 11.32% of the total share capital [1] - The institutional holding percentage decreased by 2.64 percentage points compared to the previous quarter [1] Institutional Investors - The total shares held by institutional investors reached 11.53 million shares [1] - The institutional investors include Shanghai Laizhen Investment Partnership, Shanghai Laici Investment Partnership, Shanghai Technology Venture Capital, Fidelity Low Carbon Growth Mixed A, and Fidelity Renyuan Steady Three-Month Holding Mixed (FOF) A [1] - There was one new public fund disclosed this quarter, Fidelity Low Carbon Growth Mixed A, while 86 public funds were not disclosed compared to the previous quarter [1] Social Security Fund - One social security fund, the National Social Security Fund 114 Combination, was not disclosed this quarter compared to the previous quarter [1]

Core Viewpoint - China Shipbuilding Defense has seen a stock price increase of 5.08%, reaching 27.50 CNY per share, with a trading volume of 403 million CNY and a market capitalization of 38.871 billion CNY as of October 27 [1] Company Overview - China Shipbuilding Defense Equipment Co., Ltd. is located in Nansha District, Guangzhou, Guangdong Province, established on October 21, 1994, and listed on October 28, 1993 [1] - The company's main business involves the research, development, manufacturing, system integration, sales, and service of high-end marine power equipment [1] - Revenue composition includes: 92.37% from ship products, 4.39% from ship repair and modification, 1.37% from other (supplementary), 1.20% from electromechanical products and others, 0.34% from offshore engineering products, and 0.33% from steel structures [1] Shareholder Insights - Longxin Fund's Longxin National Defense Military Industry Quantitative Mixed A Fund (002983) is among the top ten circulating shareholders of China Shipbuilding Defense, having increased its holdings by 1.4537 million shares in the second quarter, totaling 3.9236 million shares, which represents 0.28% of the circulating shares [2] - The fund has achieved a year-to-date return of 31.6%, ranking 2785 out of 8226 in its category, and a one-year return of 30.8%, ranking 2650 out of 8099 [2] Fund Management - The fund manager of Longxin National Defense Military Industry Quantitative Mixed A Fund is Song Haikuan, who has been in the position for 7 years and 260 days [3] - The total asset size of the fund is 3.443 billion CNY, with the best fund return during the tenure being 147.6% and the worst being -26.88% [3] Fund Holdings - Longxin National Defense Military Industry Quantitative Mixed A Fund has increased its holdings in China Shipbuilding Defense, with 3.9236 million shares representing 4.89% of the fund's net value, making it the seventh-largest holding [4]

Core Viewpoint - Quanshin Co., Ltd. (300447.SZ) reported its Q3 2025 financial results, indicating a decline in institutional investor holdings and changes in public fund disclosures [1] Institutional Holdings - As of October 24, 2025, there are 2 institutional investors holding a total of 3.3368 million shares of Quanshin, representing 1.07% of the total share capital [1] - The institutional holding percentage decreased by 1.24 percentage points compared to the previous quarter [1] Public Fund Disclosures - One new public fund was disclosed in this period, namely Changxin National Defense Military Industry Quantitative Mixed A [1] - A total of 80 public funds were not disclosed in this quarter compared to the previous one, including notable funds such as Ping An New Xin Pioneer Mixed A and Invesco Great Wall CSI 300 Index Enhanced A [1]

Core Viewpoint - Zhimin Da (688636.SH) reported a decline in institutional investor holdings in its third-quarter report for 2025, with a total of 17.68 million shares held by five institutional investors, representing 10.55% of the total share capital, a decrease of 7.30 percentage points from the previous quarter [1] Institutional Holdings - As of October 23, 2025, five institutional investors disclosed holdings in Zhimin Da, totaling 17.68 million shares, which is 10.55% of the company's total share capital [1] - The institutional investor group includes notable entities such as Qiongcheng Zhihui Investment Partnership, Bank of China - GF Small and Medium Cap Selected Mixed Securities Investment Fund, and others [1] - The overall institutional holding percentage decreased by 7.30 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Changxin Jinli Trend Mixed A, increased its holdings during this period, with an increase ratio of 0.21% [1] - A total of 254 public funds did not disclose their holdings in this quarter, including funds like GF Technology Innovation Mixed A and others [1]

Group 1 - The core viewpoint of the news is that Kosi Technology's stock has experienced a significant decline, with a 5.07% drop on October 23, leading to a total market value of 8.783 billion yuan and a cumulative decline of 8.36% over four consecutive days [1] - Kosi Technology, established on February 27, 2004, specializes in the research, production, and sales of military electronic information equipment and related modules, with its main business revenue composition being 62.33% from command control information processing equipment and systems [1] - The company's stock trading volume on October 23 was 130 million yuan, with a turnover rate of 1.45% [1] Group 2 - Longxin Fund's Longxin National Defense and Military Industry Quantitative Mixed A Fund (002983) has entered the top ten circulating shareholders of Kosi Technology, holding 1.1899 million shares, which accounts for 0.76% of the circulating shares [2] - The fund has incurred a floating loss of approximately 3.5577 million yuan today and a total floating loss of 6.4014 million yuan during the four-day decline [2] - The Longxin National Defense and Military Industry Quantitative Mixed A Fund has achieved a year-to-date return of 29.81% and a one-year return of 28.36%, ranking 2725 out of 8159 and 2499 out of 8030 in its category, respectively [2] Group 3 - The fund manager of Longxin National Defense and Military Industry Quantitative Mixed A Fund is Song Haikuan, who has been in the position for 7 years and 256 days, with a total fund asset scale of 3.443 billion yuan [3] - During his tenure, the best fund return achieved was 147.81%, while the worst return was -26.88% [3]

Group 1 - The core viewpoint of the news is that Kosi Technology's stock has experienced a significant decline, with a cumulative drop of 17.03% over three consecutive days, leading to a current stock price of 56.41 yuan per share and a market capitalization of 8.849 billion yuan [1] - Kosi Technology, established on February 27, 2004, and listed on October 22, 2020, specializes in the research, production, and sales of military electronic information equipment and related modules [1] - The company's main business revenue composition includes: command and control information processing equipment and systems (62.33%), software radar information processing equipment and systems (14.81%), intelligent unmanned devices and systems (8.13%), specialized vehicle modification business (7.10%), other information processing products (6.92%), and others (0.71%) [1] Group 2 - From the perspective of Kosi Technology's top ten circulating shareholders, Changxin Fund has a fund that entered the top ten circulating shareholders, holding 1.1899 million shares, accounting for 0.76% of circulating shares [2] - The Changxin National Defense and Military Industry Quantitative Mixed A Fund (002983) has incurred a floating loss of approximately 3.5339 million yuan today, with a total floating loss of 14.5043 million yuan during the three-day decline [2] - The fund, established on January 5, 2017, has a current scale of 757 million yuan, with a year-to-date return of 34.21% and a one-year return of 68.16% [2]

Group 1 - Kexin Technology (688788.SH) released its semi-annual report for 2025 on August 27, 2025, showing that as of August 26, 2025, seven institutional investors disclosed holding a total of 6.4158 million A-shares, accounting for 4.08% of the total share capital [1] - The proportion of institutional holdings decreased by 1.42 percentage points compared to the previous quarter [1] - Two new public funds were disclosed this period, including Changxin National Defense Military Industry Quantitative Mixed A and Zhonggeng Small Cap Value Stock, while twelve public funds were not disclosed compared to the previous quarter [1] Group 2 - One insurance fund increased its holdings this period, specifically Qianhai Life Insurance Co., Ltd. - Dividend Insurance Product Huatai Combination, with an increase of 0.7% [2] - One pension fund was not disclosed this period, which is also Qianhai Life Insurance Co., Ltd. - Dividend Insurance Product [2]