Core Viewpoint - On October 30, 2025, RuYi Group (002193.SZ) released its Q3 2025 financial report, indicating a decrease in institutional investor holdings compared to the previous quarter [1] Institutional Holdings - As of October 29, 2025, four institutional investors disclosed holdings in RuYi Group A-shares, totaling 80.1988 million shares, which represents 30.64% of the company's total equity [1] - The institutional investors include Shandong RuYi Technology Group Co., Ltd., Shandong RuYi Woolen Group Co., Ltd., China Orient Asset Management Co., Ltd., and Jin Ying Fund - SPD Bank - Founder Dongya Trust Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.65 percentage points [1] Public Fund Disclosures - In this period, five public funds that were not disclosed in the previous quarter include Pengyang CSI A500 Index Enhanced A, Xinhua Small and Medium Market Value Preferred Mixed, Guolian Xin Qidian Mixed A, Huiquan Qiyuan Future Mixed Initiated A, and Jiangxin Tongfu A [1] Foreign Investment Attitude - The foreign institutions that were not disclosed in the previous quarter include BARCLAYS BANK PLC and UBS AG [1]

Group 1 - Core viewpoint: Hengshuo Co., Ltd. (688416.SH) reported a decline in institutional ownership in its Q3 2025 report, with a total of 9 institutional investors holding 15.9733 million shares, representing 19.26% of the total share capital, a decrease of 7.52 percentage points from the previous quarter [1] - Institutional investors include various funds and partnerships, such as Hefei Henglian Enterprise Management Consulting Center and China Bank's mixed securities investment fund [1] - The total institutional holding percentage has decreased compared to the previous quarter, indicating a potential shift in investor sentiment [1] Group 2 - In the public fund sector, two funds increased their holdings compared to the previous period, with a total increase of 0.12% [2] - Two new public funds were disclosed this quarter, including Pengyang CSI A500 Index Enhanced A and Tongtai CSI 300 Quantitative Enhanced A [2] - A total of 49 public funds were not disclosed this quarter, indicating a significant reduction in public fund participation [2]

Core Insights - Jule Culture (002247.SZ) released its Q3 2025 report on October 28, 2025, indicating a total of 5 institutional investors holding A-shares, with a combined shareholding of 121 million shares, representing 14.18% of the total share capital [1] - The institutional shareholding ratio decreased by 0.31 percentage points compared to the previous quarter [1] - In the public fund sector, 17 public funds were disclosed this period, including notable funds such as Huaxia Ruipantai Li Mixed A and Pengyang Zhongzheng A500 Index Enhanced A [1] - Foreign investment sentiment showed a decrease in holdings from one foreign fund, BARCLAYS BANK PLC, with a reduction of 0.19% [1]