NSSF Buys 17 Stocks in Q2; Meihua Biological Leads Holdings
By the close of semi-annual report disclosures, China's National Social Security Fund had appeared among the top ten shareholders of 57 of 480 listed companies. In the second quarter, it newly acquired stakes in 17 stocks, with Meihua Biological holding the largest position at 37.59 million shares. Newly acquired stocks averaged a 3.53% decline since July. Fuchun Shares led profit growth with net profit up 443.75%, while Zijin Longjing gained 20%.
As the semi-annual report disclosure period closes, the latest holdings of China's National Social Security Fund (NSSF) have come into view. Among 480 listed companies that have published their interim reports, the NSSF appeared among the top ten circulating shareholders of 57 companies. Among newly acquired stakes, two funds held positions in Sinochem International and Zhejiang Rongtai, with holdings of 31.6478 million shares and 7.206 million shares, respectively. In terms of share count, Meihua Biological Technology had the largest newly acquired stake at 37.5884 million shares, followed by Sinochem International with 31.6478 million shares and Shengdun Mining with 26.2363 million shares. Regarding the proportion of shares held, Gongda Acoustics had the highest NSSF ownership at 2.98% of floating shares, followed by Zhejiang Rongtai at 2.72%. Daodaoquan, Baoxiniao, and Zijin Longjing also ranked high in holding ratios. Among the newly acquired stocks, 12 companies saw year-on-year growth in net profit for the first half. Fuchun Shares recorded the largest increase, with net profit of 33.3618 million yuan, up 443.75% year on year. Cangzhou Dahua's net profit grew 330.75%, and Beihua Co. posted a 111.09% increase. In market performance, the NSSF's newly acquired stocks fell an average of 3.53% since July. Zijin Longjing rose 20.00%, leading gains, while Baoxiniao and Meihua Biological climbed 18.26% and 13.70%, respectively. Huicheng Shares dropped 39.12%, the steepest decline. Other stocks newly acquired in the second quarter include: Gongda Acoustics (10.8182 million shares, 2.98% of float, electronics), Daodaoquan (5.3049 million shares, 1.86%, agriculture and fisheries), Baoxiniao (17.2969 million shares, 1.47%, textiles and apparel), Zijin Longjing (17.5699 million shares, 1.38%, environmental protection), Meihua Biological (37.5884 million shares, 1.34%, basic chemicals), Huicheng Shares (12.3047 million shares, 1.24%, electronics), Beihua Co. (5.9924 million shares, 1.09%, basic chemicals), Qizhong Technology (3.3134 million shares, 0.91%, electronics), Shengdun Mining (26.2363 million shares, 0.85%, nonferrous metals), Moore Threads-U (0.1602 million shares, 0.53%, electronics), Zhongyuan Expressway (10.6450 million shares, 0.47%, transportation), Cangzhou Dahua (1.4438 million shares, 0.35%, basic chemicals), Youyan Silicon (4.2361 million shares, 0.34%, electronics), Shengyi Electronics (2.3340 million shares, 0.28%, electronics), and Fuchun Shares (1.7893 million shares, 0.26%, media).