Core Viewpoint - Junsheng Electronics experienced a stock price decline of 2.06% on November 21, 2023, with a current price of 25.71 CNY per share and a total market capitalization of 39.87 billion CNY [1] Financial Performance - For the period from January to September 2025, Junsheng Electronics reported a revenue of 45.84 billion CNY, reflecting a year-on-year growth of 11.45%, and a net profit attributable to shareholders of 1.12 billion CNY, which is an increase of 18.98% compared to the previous year [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 126,500, up by 38.21%, while the average circulating shares per person decreased by 28.33% to 10,710 shares [3] - The company has distributed a total of 1.53 billion CNY in dividends since its A-share listing, with 862 million CNY distributed over the past three years [4] Business Segments - Junsheng Electronics operates primarily in five business segments: - Automotive Safety Systems (62.53% of revenue) - Automotive Electronics Systems (27.53% of revenue) - Other segments (9.44% and 0.49%) [2] Market Activity - The stock has seen a year-to-date increase of 66.80%, but has declined by 4.81% over the last five trading days and 19.86% over the last 20 days [1] - The company has appeared on the stock market's "Dragon and Tiger List" twice this year, with the most recent occurrence on September 17 [1] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 93.02 million shares, an increase of 26.29 million shares from the previous period [4] - Southern CSI 500 ETF and E Fund CSI Artificial Intelligence Theme ETF have reduced their holdings, while Yongying Advanced Manufacturing Smart Selection Mixed Fund has exited the top ten circulating shareholders [4]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, but continues to make progress in business expansion and innovation despite challenging economic conditions [1][2]. Financial Performance - The company achieved operating revenue of 2.938 billion yuan and a net profit attributable to shareholders of 53 million yuan, representing a year-on-year decrease of 0.56% and 33.3% respectively [1]. - Basic earnings per share were 0.4 yuan, with operating cash flow reaching 261 million yuan [1]. Market Challenges - The decline in performance is attributed to shrinking terminal demand and high enterprise costs, compounded by a decrease in global luxury car market sales, which directly impacted the automotive parts segment [1]. - The company is facing dual pressures from the global economic environment, leading to increased expenditure on sales and R&D to maintain competitive advantage [1]. Business Development - The company is actively expanding its business and optimizing its customer structure, focusing on domestic brands and securing new projects with major domestic clients, which are expected to provide stable revenue in the coming years [1]. - Efforts are being made to solidify the customer base in the global luxury car market, with ongoing improvements in customer structure [1]. Innovation and Product Development - The company has achieved large-scale production of self-developed actuators, which are used in electric air outlets and charging port covers, featuring millisecond-level dynamic response and precise closed-loop control capabilities [2]. - Significant breakthroughs have been made in smart surface technology, with the sound-light-electric film smart surface now in mass production and leading the industry [2]. Strategic Outlook - For the second half of the year, the company has outlined a clear development strategy focusing on improving overseas operational efficiency and promoting global integration [2]. - The company is also concentrating on new production capabilities to create new growth curves, with its new energy charging and distribution products expected to begin mass production by the end of the year, potentially opening new markets [2].