The appearance of securities firms on the scene of major shareholders of listed companies continues to manifest ongoing opportunities for the resource sector.

With the release of the annual reports of A-share listed companies in 2025, the heavy positions of securities companies, one of the important investment institutions in the market, are gradually emerging. Wind data shows that as of the time of publication by reporters on March 13th Beijing time, at least 6 listed companies have seen the presence of securities companies among their top ten circulating shareholders. Looking at the changes in holdings, in the fourth quarter of 2025, Chongqing Beer received a slight increase in holdings from CITIC Securities, and securities companies appeared for the first time among the top ten circulating shareholders of Dahong Heavy Industry, Chaoyang Technology, and Jinhe Business Management. Since the beginning of 2026, the cyclical style represented by resource products has performed well in the A-share market. While continuing to focus on investment opportunities in the technology sector, more and more institutions are also shifting their focus to the resource sector, with investment value in sub-sectors such as coal and electricity continuing to show.