On April 1, 2025, China Unmanned Aerial Vehicle (688297.SH) released its 2024 annual report. As of March 31, 2025, a total of 158 institutional investors disclosed their holdings of A-shares of China Unmanned Aerial Vehicle (CAV), with a total of 566 million shares, accounting for 83.89% of the total share capital of China UAV. Among them, the top 10 institutional investors include Aviation Industry Corporation of China, Aviation Industry Corporation of China Chengdu Aircraft Design and Research Institute, Chengdu Aircraft Industry (Group) Co., Ltd., Chengdu Jianguo Automobile Trade Co., Ltd., Chengdu Industrial Investment Group Co., Ltd., China Aviation Technology Import and Export Co., Ltd., Chengdu Yitongren Enterprise Management Partnership (Limited Partnership), Chengdu Taicui Enterprise Management Partnership (Limited Partnership), Aviation Certificate Science and Technology Investment Co., Ltd., AVIC Rongfu Fund Management Co., Ltd. - Beijing AVIC Phase I Aviation Industry Industry Investment Fund (Limited Partnership), with a total shareholding ratio of 75.63% among the top ten institutional investors. Compared with the previous quarter, the total shareholding ratio of the top 10 institutions decreased by 0.26 percentage points.

In terms of public funds, there was a total of 1 public fund that increased its holdings in this period compared with the previous period, namely Science and Technology Innovation ETF, and the proportion of increased holdings increased slightly. A total of 3 public funds decreased their holdings in this period compared with the previous quarter, including ChinaAMC SSE Science and Technology Innovation Board 50 Component ETF, E Fund SSE Science and Technology Innovation Board 50 ETF, and CSI 500 ETF, with a decrease of 0.49%. A total of 141 public funds were newly disclosed in this period compared with the previous quarter, mainly including Cathay CSI Military ETF, GF Science and Technology Innovation 50 ETF, Penghua Defense A, Penghua Aerospace Military Index A (LOF), and Defense ETF.