A company with increased foreign investment and new Social Security Fund participation

Disclaimer: This article reflects the author’s summary and reflections based on the day’s market conditions. The companies mentioned herein are for discussion purposes only and do not constitute any investment advice. Investors assume full responsibility for any gains or losses arising from decisions made based on this information. The key to market success: 1) Discipline; 2) Independent thinking—see the article “Strong Stocks ‘Reject’ the Mediocre: Understanding High-Performing Stocks”; 3) Regular self-reflection, especially regarding erroneous trading decisions. ====================== Today’s article highlights a company currently exhibiting stable technical trends and attracting new capital inflows: Shandong Weida. 1. Overview of its core business and shareholders (1) Core Business The company primarily operates in three sectors: power tools, high-end intelligent equipment manufacturing, and new energy—including energy storage lithium battery packs and battery-swap station solutions for new-energy vehicles. Its business model, main operations, and product offerings have remained largely unchanged. In the power tools components segment, the company supplies drill chucks, energy storage lithium battery packs, power tool switches, powder metallurgy parts, precision castings, and saw blades to leading global power tool manufacturers such as Stanley Black & Decker, Bosch, Techtronic Industries (TTI), and Makita. In high-end intelligent equipment manufacturing, it provides domestic and international industrial clients with integrated solutions for factory automation, logistics automation, warehouse automation, intelligent equipment, and mid-to-high-end CNC machine tools. In the new-energy sector, the company actively participates in building the charging-and-swapping ecosystem—spanning the industrial chain, value chain, and ecological chain—and delivers end-to-end services—from R&D to manufacturing—for battery-swap stations supporting the new-energy vehicle industry. (2) Shareholder Structure Among the top ten shareholders, two stand out: UBS AG—the leading Swiss financial conglomerate—and China’s Social Security Fund. Notably, on May 13, 2025, UBS AG increased its stake by 79,100 shares, while the Social Security Fund initiated a new position on the same day. 2. Stock Price Trend

UBS’s holdings in Chinese stocks (UBS’s latest portfolio as of 2026)

UBS Group AG was founded in 1862 and is headquartered in Zurich, Switzerland. The Group integrates three core businesses—wealth management, investment banking, and asset management—into a unified banking model, operating across all major global financial centers with branches in over 50 regions. UBS is a globally renowned multinational financial institution with extensive experience in cross-border asset allocation and long-standing strategic investments in A-share listed companies. UBS’s engagement with the Chinese market dates back to 1985, when it began providing financing services to Chinese enterprises. In 1989, it established representative offices in Beijing and Shanghai, formally commencing operations in China. In 2003, UBS obtained Qualified Foreign Institutional Investor (QFII) status. In 2006, UBS Securities became one of the first full-license securities firms in China with direct foreign equity participation. In 2018, UBS increased its equity stake in its mainland joint-venture securities firm, becoming a pioneering foreign-controlled securities company in China. In April 2025, UBS raised its ownership stake in UBS Securities from 67% to 100%, achieving full ownership. I. UBS’s Latest Portfolio as of Q2 2026 According to Choice data, in Q2 2026, UBS appeared among the top ten circulating shareholders of 492 A-share listed companies, holding a total market value of approximately RMB 43.075 billion, including 323 newly added positions. In terms of concentration, the top five holdings—Contemporary Amperex Technology Co., Limited (CATL), Zijin Mining Group, Dingtai High-Tech, Sieyuan Electric, and Changchuan Technology—had a combined market value of approximately RMB 17.945 billion, accounting for about 71.75% of the total market value of UBS’s top 20 holdings (RMB 25.012 billion). By industry distribution, UBS’s top 20 holdings span seven CSI Level-1 industries: Electrical Equipment, Nonferrous Metals, Machinery, Electronics, Building Materials, National Defense and Military Industry, and Basic Chemicals. Specifically, Electronics accounts for eight positions, Electrical Equipment for four, Nonferrous Metals for two, and Building Materials for three. Together, Electronics and Electrical Equipment account for 12 positions—representing UBS’s most central strategic allocation focus in Q2. III. UBS’s Position Adjustments in Q2 2026 Among its top 20 holdings, UBS adopted a dual-track strategy focused on “technology + resources” in Q2 2026: 17 new entries, 2 increases, and 1 reduction. Compared with Q1’s top 20 holdings, several popular AI-industry stocks—including Yuanjie Technology, TFC Communications, and Demingli—dropped out of UBS’s top ten circulating shareholder lists in Q2. (A) New Additions in Q2 (17 companies) 1. Contemporary Amperex Technology Co., Limited (CATL): UBS entered CATL’s top ten circulating shareholders in Q2, acquiring 27.3666 million shares with a market value of approximately RMB 10.755 billion. CATL operates in the Electrical Equipment sector and specializes in research, development, manufacturing, and sales of lithium-ion power batteries and energy storage systems, widely applied in new-energy vehicles and grid-scale energy storage stations. 2. Zijin Mining Group: UBS entered Zijin Mining’s top ten circulating shareholders in Q2, acquiring 109.353 million shares with a market value of approximately RMB 2.749 billion. Zijin Mining operates in the Nonferrous Metals sector, focusing on exploration, mining, and smelting of copper, gold, zinc, lithium, silver, molybdenum, and other nonferrous and precious metals.

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