Group 1 - The stock of Jiaxun Feihong fell by 5.15% on September 18, closing at 10.87 CNY per share, with a trading volume of 365 million CNY and a turnover rate of 5.92%, resulting in a total market capitalization of 6.461 billion CNY [1] - Jiaxun Feihong, established on January 26, 1995, and listed on May 5, 2011, specializes in communication information technology applications, providing integrated command and dispatch systems and comprehensive solutions to clients [1] - The company's main business revenue composition includes command and dispatch at 58.32%, intelligent applications at 22.04%, and industry IoT applications at 19.64% [1] Group 2 - Changcheng Fund's Changcheng Jiujia Innovation Growth Mixed A (004666) is among the top ten circulating shareholders of Jiaxun Feihong, having reduced its holdings by 4 million shares to 13 million shares, representing 2.38% of circulating shares [2] - The estimated floating loss for Changcheng Jiujia Innovation Growth Mixed A today is approximately 7.67 million CNY [2] - The fund, established on July 5, 2017, has a latest scale of 2.051 billion CNY, with a year-to-date return of 36.08%, ranking 2156 out of 8172 in its category, and a one-year return of 114.88%, ranking 333 out of 7980 [2]

Group 1 - The core viewpoint of the news is that Jiexun Feihong's stock price has increased by 5.1% on September 16, reaching 11.96 CNY per share, with a total market capitalization of 7.109 billion CNY and a trading volume of 453 million CNY, indicating a strong performance in the market [1] - Jiexun Feihong has experienced a cumulative increase of 14.03% over the past four days, reflecting positive investor sentiment [1] - The company's main business involves technological innovation in the communication information field, providing integrated command and dispatch systems and comprehensive solutions, with revenue composition being 58.32% from command and dispatch, 22.04% from intelligent applications, and 19.64% from industry IoT applications [1] Group 2 - Longcheng Fund's Longcheng Jiujia Innovation Growth Mixed A (004666) is among the top ten circulating shareholders of Jiexun Feihong, having reduced its holdings by 4 million shares in the second quarter, now holding 13 million shares, which is 2.38% of the circulating shares [2] - The fund has gained approximately 7.54 million CNY in floating profit today and 18.2 million CNY during the four-day increase [2] - Longcheng Jiujia Innovation Growth Mixed A has achieved a year-to-date return of 33.65% and a one-year return of 111.03%, ranking 2193 out of 8174 and 326 out of 7982 respectively [2]

Core Viewpoint - The stock of JXFH has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 40.18%, indicating volatility in its market performance [1][2]. Group 1: Stock Performance - As of September 4, JXFH's stock price is 10.71 CNY per share, with a market capitalization of 6.366 billion CNY [1]. - The stock has seen a net outflow of 15.75 million CNY in principal funds, with significant selling pressure [1]. - Over the past 60 days, the stock has increased by 33.54%, while it has decreased by 0.65% in the last 5 trading days [1]. Group 2: Financial Performance - For the first half of 2025, JXFH reported a revenue of 328 million CNY, a year-on-year decrease of 28.93%, and a net profit of -11.73 million CNY, down 144.13% [2]. - Cumulative cash dividends since the A-share listing amount to 339 million CNY, with 88.62 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders has increased to 49,000, with an average of 11,140 circulating shares per person, a decrease of 3.02% [2]. - The top ten circulating shareholders include notable funds, with the third-largest shareholder reducing their stake by 4 million shares [3].

Group 1 - The company, Jiexun Feihong, has a wide application of its products in railway projects in Xinjiang and Tibet regions [1] - The company provides various products such as command and dispatch systems, emergency communication systems, tunnel lighting monitoring systems, G network monitoring equipment, and switch machine gap monitoring equipment for railway lines [1] - The high reliability, stability, and safety of the company's products have been fully validated, effectively ensuring the safe operation of railways and accumulating valuable experience in extremely complex environmental projects [1]