Jereh Group(SZ:002353) Chang Jiang Shang Bao·2026-02-03 00:25Core Viewpoint - Jerry Holdings continues to expand its presence in the North American market, recently signing a significant gas turbine generator sales contract worth $181.5 million, marking a total of four contracts in the region since November 2025, with a cumulative value of approximately $4.875 billion [1][8]. Group 1: Contract Details - The recent contract with GenSystems Power Solutions LLC involves the sale of gas turbine generator sets, with a total contract value of $181.5 million (approximately 1.82 billion yuan) [4][5]. - The contract stipulates a delivery period of 30 months, with the customer required to pay a certain percentage of the total amount as a prepayment, and the remaining balance according to the contract terms [4]. - The gas turbine generator sets are designed for data center power supply, emphasizing rapid deployment, flexibility, and low emissions [4][5]. Group 2: Market Performance - Since achieving a breakthrough in the North American market in November 2025, Jerry Holdings has signed four contracts totaling approximately 34 billion yuan, indicating a diversified customer base with no reliance on a single client [6][8]. - The company has maintained a stable revenue distribution between domestic and international markets, with a revenue split of 52.25% and 47.75% respectively in the first half of 2025 [12]. - The company reported a net profit of 1.808 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of over 13% [2][11]. Group 3: Financial Performance - Jerry Holdings has seen a significant increase in its stock price, more than doubling since April 2025, with a market capitalization approaching 100 billion yuan [3][13]. - The company has consistently achieved growth in net profit over the past few years, with figures of 2.245 billion yuan, 2.454 billion yuan, and 2.627 billion yuan for the years 2022 to 2024 respectively [11]. - In the first half of 2025, the company secured new orders worth 9.881 billion yuan, a year-on-year increase of 37.65% [11].