12月22日，金沃股份涨5.49%，截至发稿，报66.50元/股，成交1.71亿元，换手率2.99%，总市值81.97亿 元。 资料显示，浙江金沃精工股份有限公司位于浙江省衢州市柯城区航埠镇刘山一路1号，成立日期2011年6 月14日，上市日期2021年6月18日，公司主营业务涉及轴承套圈研发、生产、销售。主营业务收入构成 为：轴承套圈95.72%，其他4.28%。 鹏华碳中和主题混合A（016530）基金经理为闫思倩。 截至发稿，闫思倩累计任职时间8年69天，现任基金资产总规模188.18亿元，任职期间最佳基金回报 306.25%， 任职期间最差基金回报-1.44%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从金沃股份十大流通股东角度 数据显示，鹏华基金旗下1只基金位居金沃股份十大流通股东。鹏华碳中和主题混合A（016530）三季 度减持127.63万股，持有股数365.87万股，占流通股的比例为4.14%。根据测算，今日浮盈赚取约 1265 ...

Group 1 - The core viewpoint of the news is that the Penghua Carbon Neutral Theme Mixed Fund A/C experienced a decline in net value returns of 6.56% and 6.60% respectively in November 2023 [1] - As of the third quarter, the fund's scale was 12.349 billion yuan, focusing on sectors such as manufacturing, new energy, and new technologies, with a particular emphasis on embodied intelligence's impact on industrial revolution and manufacturing upgrades [1] - The fund manager, Yan Siqian, has a background as an analyst at Huachuang Securities and a business manager at Bank of China International Securities, and has been with Penghua Fund Management since January 2022 [1] Group 2 - The top ten holdings of the fund in the third quarter included Zhenyu Technology, Zhejiang Rongtai, Zhongjian Technology, Meihu Co., Longsheng Technology, Anpeilong, Siling Co., Hanwei Technology, Beite Technology, and Wuzhou New Spring [1] - The fund's performance in November indicates a challenging market environment, reflecting broader trends in the investment landscape [2]

截至发稿，闫思倩累计任职时间8年48天，现任基金资产总规模188.18亿元，任职期间最佳基金回报 306.25%， 任职期间最差基金回报-0.1%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从美利信十大流通股东角度 数据显示，鹏华基金旗下1只基金位居美利信十大流通股东。鹏华碳中和主题混合A（016530）三季度 新进十大流通股东，持有股数175.33万股，占流通股的比例为1.61%。根据测算，今日浮盈赚取约 338.38万元。 鹏华碳中和主题混合A（016530）成立日期2023年5月5日，最新规模28.3亿。今年以来收益81.68%，同 类排名128/8199；近一年收益106.08%，同类排名35/8131；成立以来收益80.26%。 鹏华碳中和主题混合A（016530）基金经理为闫思倩。 12月1日，美利信涨5.06%，截至发稿，报40.06元/股，成交1.42亿元，换手率3.31%，总市值84.37亿 元。 资料显示，重庆美利信科技股份 ...

Group 1 - The core viewpoint of the news is that Jinwo Co., Ltd. has seen a significant increase in its stock price, rising by 5.24% to reach 61.70 CNY per share, with a total market capitalization of 7.606 billion CNY [1] - Jinwo Co., Ltd. is primarily engaged in the research, production, and sales of bearing rings, with 95.72% of its revenue coming from this main business segment [1] - The company was established on June 14, 2011, and went public on June 18, 2021, indicating a relatively recent entry into the public market [1] Group 2 - Among the top circulating shareholders of Jinwo Co., Ltd., Penghua Fund's carbon neutrality theme mixed fund A (016530) has reduced its holdings by 1.2763 million shares, now holding 3.6587 million shares, which accounts for 4.14% of the circulating shares [2] - The Penghua carbon neutrality theme mixed fund A has achieved a year-to-date return of 78.08%, ranking 142 out of 8127 in its category, and a one-year return of 98.57%, ranking 43 out of 8059 [2] - The fund was established on May 5, 2023, and currently has a total asset size of 2.83 billion CNY [2]

Group 1 - The core viewpoint of the news is that Shengshi Technology has seen a significant stock price increase of 6.65%, reaching 31.29 CNY per share, with a trading volume of 215 million CNY and a turnover rate of 5.30%, resulting in a total market capitalization of 8.193 billion CNY [1] - Shengshi Technology, established on January 16, 1997, and listed on May 25, 2020, is a national high-tech enterprise based in Shenzhen, Guangdong, focusing on artificial intelligence, big data, and the Internet of Things, providing intelligent products and "AI + industry" solutions [1] - The company's main business revenue composition includes 89.54% from smart port inspection system solutions, 10.31% from intelligent transportation and others, and 0.14% from other supplementary services [1] Group 2 - Among the top circulating shareholders of Shengshi Technology, Penghua Fund's carbon neutrality theme mixed fund A (016530) has reduced its holdings by 934,800 shares, now holding 1,233,900 shares, which accounts for 0.92% of the circulating shares, with an estimated floating profit of approximately 2.4061 million CNY [2] - The Penghua Carbon Neutrality Theme Mixed Fund A was established on May 5, 2023, with a latest scale of 2.83 billion CNY, achieving a year-to-date return of 76.33%, ranking 193 out of 8,213 in its category, and a one-year return of 89.73%, ranking 44 out of 8,130 [2]

Core Insights - The A-share market has faced pressure in recent years, impacting active equity funds and leading to poor investor experiences. However, since the introduction of the 924 policy last year, the market has rebounded, with active equity funds achieving impressive returns in 2023 [1] - Active equity funds, including ordinary stock, equity hybrid, flexible allocation, and balanced hybrid funds, have recorded an average return of 32.44% in the first three quarters of 2025, significantly outperforming mainstream broad-based indices [1] - The current market environment has led to a pronounced structural differentiation, raising the bar for fund managers' research and investment capabilities [1] Company Developments - Penghua Fund, with 26 years of investment research experience, recognizes the need to adapt to the new market environment and trends by evolving its investment research culture, talent development, and product layout [1] - The company has established a continuously iterating investment research system and a comprehensive talent pipeline, offering diverse asset allocation solutions for investors with varying risk appetites [1] - As a result of its sustained efforts, Penghua Fund has received notable ratings, with 24 of its active equity products awarded five-star or AAAAA ratings by major institutions as of the end of Q3 2025 [2] Performance Highlights - Among the rated products, Penghua Medical Technology A has achieved top rankings in various time frames within the pharmaceutical and healthcare sector, while Penghua Innovation Upgrade A has also received high ratings across multiple institutions [2][3] - Long-standing products like Penghua Brand Inheritance and Penghua Prosperity Innovation Mixed (LOF) A have withstood market tests, receiving five-star ratings over ten years from different institutions [2] - Seven active equity funds from Penghua Fund ranked in the top ten of their categories on the long-term performance list by Galaxy Securities as of September 30, 2025, showcasing the company's investment return capabilities [2] Investment Strategy - In the context of frequent structural opportunities in the equity market in 2025, Penghua Fund has developed a systematic investment research strategy that combines top-down and bottom-up approaches [3] - The company maintains a balanced industry allocation and dynamically optimizes its investment portfolio based on market changes, employing wave operations based on long-term trend judgments [3] - Penghua Fund aims to continue deepening its focus on active equity investments and enhancing its research capabilities to create long-term stable returns for investors [3]

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 Viewpoint - Huayi Technology (688071.SH) reported a decline in institutional ownership in its third-quarter report for 2025, with a total of 4 institutional investors holding 5.6058 million shares, representing 6.61% of the total share capital, a decrease of 4.67 percentage points from the previous quarter [1] Institutional Investors - A total of 4 institutional investors disclosed their holdings in Huayi Technology, with a combined shareholding of 5.6058 million shares, accounting for 6.61% of the total share capital [1] - The institutional investors include China Merchants Bank Co., Ltd. - Southern Sci-Tech Innovation Board 3-Year Regular Open Mixed Securities Investment Fund, Shanghai Liyuan Equity Investment Management Co., Ltd., China Merchants Bank Co., Ltd. - Ping An Advanced Manufacturing Theme Stock Fund, and National Social Security Fund 114 Portfolio [1] - The overall institutional holding ratio decreased by 4.67 percentage points compared to the previous quarter [1] Public Funds - In this period, 2 public funds increased their holdings in Huayi Technology, with an increase ratio of 0.29% [1] - A total of 75 public funds did not disclose their holdings in this quarter, including notable funds such as Fortune Balanced Preferred Mixed, Penghua Carbon Neutral Theme Mixed A, and others [1] Social Security Fund - One new social security fund disclosed its holdings in Huayi Technology, specifically the National Social Security Fund 114 Portfolio [1]

Group 1 - The core viewpoint of the news is that Buke Co., Ltd. (688160.SH) reported a decrease in institutional investor holdings in its third-quarter report for 2025, with a total of 8 institutional investors holding 52.8333 million shares, representing 58.17% of the total share capital, a decline of 6.24 percentage points from the previous quarter [1] Group 2 - In the public fund sector, there were 3 funds that increased their holdings compared to the previous period, with an increase rate of 1.10% [2] - Conversely, 2 public funds reduced their holdings, with a decrease rate of 0.92% [2] - A total of 85 public funds did not disclose their holdings this period, including several notable funds such as AVIC Trend Leading Mixed Fund and Penghua New Energy Mixed Fund [2]

Group 1 - Fengli Intelligent (301368.SZ) reported its Q3 2025 results, with 13 institutional investors holding a total of 62.2044 million A-shares, representing 51.79% of the total share capital [1] - The top ten institutional investors collectively hold 50.65% of the shares, with an increase of 1.08 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings, accounting for 2.66% of the total [2] - One new public fund was disclosed this period, namely the Fuguo National Robot Industry ETF [2] - A total of 81 public funds were not disclosed in this period, including several notable funds [2]