JSST(SZ:002609) Shang Hai Zheng Quan Bao·2025-04-26 03:13Core Viewpoint - The company focuses on the smart parking industry, providing innovative solutions and services to enhance parking management and user experience, while also expanding into new business areas such as software and cloud services, smart parking operations, and renewable energy [4][20]. Company Overview - The company has developed five main business areas: smart hardware, software and cloud services, smart parking operations, parking asset operations, and renewable energy [4]. - The smart hardware segment includes products like intelligent parking management systems and access control systems, widely used across various sectors [5][8]. - The software and cloud services segment offers solutions such as parking lot cloud hosting and smart community management platforms, delivered through SaaS and local deployment [9][11]. Smart Parking Operations - The smart parking operations business, branded as "Jie Parking," has grown rapidly, boasting 130 million online users and integrating various resources related to parking [12][13]. - The business model includes online transaction settlement, parking space agency operations, and value-added services, contributing to sustainable revenue streams [14][16]. Financial Data and Performance - The company reported a total online transaction amount of 47.9 billion yuan since its inception, with a 13% year-on-year increase in 2024 [14]. - The company has a clear development direction with healthy business growth, as indicated in its annual report [23]. Renewable Energy Business - The company is pioneering green parking solutions, integrating renewable energy services such as destination charging and energy-saving lighting systems into its parking operations [20]. - The renewable energy initiatives aim to reduce costs and enhance operational efficiency for clients, achieving approximately 60% energy savings [20].