Core Viewpoint - Jerry Holdings' stock price has experienced fluctuations, with a year-to-date increase of 41.38% but a recent decline of 5.00% over the past five trading days [1] Group 1: Stock Performance - As of November 21, Jerry Holdings' stock price was 51.11 CNY per share, with a market capitalization of 52.329 billion CNY [1] - The stock has seen a trading volume of 1.12 billion CNY and a turnover rate of 0.31% [1] - Year-to-date, the stock has risen by 41.38%, with a 5.00% drop in the last five trading days, a 1.29% increase over the last 20 days, and an 11.04% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Jerry Holdings reported revenue of 10.42 billion CNY, a year-on-year increase of 29.49%, and a net profit attributable to shareholders of 1.808 billion CNY, up 13.11% year-on-year [2] - The company has distributed a total of 3.299 billion CNY in dividends since its A-share listing, with 1.819 billion CNY distributed in the last three years [3] Group 3: Shareholder Information - As of November 10, the number of shareholders for Jerry Holdings was 24,700, an increase of 0.21% from the previous period, with an average of 28,039 circulating shares per shareholder, a decrease of 0.21% [2] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.4299 million shares, an increase of 11.3162 million shares from the previous period [3]

Core Viewpoint - Jerry Holdings has shown a significant stock price increase of 48.27% year-to-date, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of November 18, Jerry Holdings' stock price rose by 2.06% to 53.60 CNY per share, with a trading volume of 1.49 billion CNY and a market capitalization of 54.879 billion CNY [1]. - The stock has experienced a 6.33% increase over the last five trading days, a 1.75% increase over the last 20 days, and a 17.03% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on November 10, where it recorded a net buy of -89.1633 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Jerry Holdings reported a revenue of 10.42 billion CNY, reflecting a year-on-year growth of 29.49%, and a net profit attributable to shareholders of 1.808 billion CNY, up 13.11% year-on-year [2]. - Cumulatively, the company has distributed 3.299 billion CNY in dividends since its A-share listing, with 1.819 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of November 10, the number of shareholders for Jerry Holdings was 24,700, an increase of 0.21% from the previous period, with an average of 28,039 circulating shares per shareholder, a decrease of 0.21% [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.4299 million shares, an increase of 11.3162 million shares from the previous period [3].

杰瑞股份今年以来股价涨36.65%，近5个交易日跌7.58%，近20日跌6.56%，近60日涨5.47%。 今年以来杰瑞股份已经1次登上龙虎榜，最近一次登上龙虎榜为11月10日，当日龙虎榜净买入-8916.33 万元；买入总计2.94亿元 ，占总成交额比20.60%；卖出总计3.83亿元 ，占总成交额比26.86%。 资料显示，烟台杰瑞石油服务集团股份有限公司位于山东省烟台市莱山区杰瑞路5号，成立日期1999年 12月10日，上市日期2010年2月5日，公司主营业务涉及油气田设备及技术工程服务。主营业务收入构成 为：高端装备制造61.22%，油气工程及技术服务29.99%，新能源及再生循环4.76%，油气田开发 3.31%，其他(补充)0.73%。 11月12日，杰瑞股份盘中下跌2.00%，截至13:19，报49.40元/股，成交2.59亿元，换手率0.75%，总市值 505.78亿元。 资金流向方面，主力资金净流出2307.18万元，特大单买入1478.39万元，占比5.70%，卖出2935.35万 元，占比11.32%；大单买入6088.69万元，占比23.48%，卖出6938.91万元，占比26.76% ...

Core Insights - On November 11, Jerry Holdings experienced a decline of 1.58% with a trading volume of 480 million yuan, indicating a negative market sentiment towards the stock [1] - The company reported a significant increase in revenue and net profit for the first nine months of 2025, with revenue reaching 10.42 billion yuan, a year-on-year growth of 29.49%, and a net profit of 1.808 billion yuan, up 13.11% year-on-year [2] Financing and Margin Trading - On November 11, Jerry Holdings had a financing buy-in amount of 31.03 million yuan and a financing repayment of 52.52 million yuan, resulting in a net financing outflow of 21.49 million yuan [1] - The total margin trading balance for Jerry Holdings as of November 11 was 347 million yuan, with the financing balance at 334 million yuan, accounting for 0.65% of the circulating market value, indicating a relatively high level compared to the past year [1] - The company had a high short-selling balance, with a short-selling amount of 1.34491 million yuan and a short-selling volume of 266,800 shares, exceeding the 90th percentile level over the past year [1] Shareholder and Dividend Information - As of October 31, the number of shareholders for Jerry Holdings increased by 6.90% to 24,700, while the average circulating shares per person decreased by 6.46% to 28,098 shares [2] - Since its A-share listing, Jerry Holdings has distributed a total of 3.299 billion yuan in dividends, with 1.819 billion yuan distributed in the last three years [3] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.4299 million shares, an increase of 11.3162 million shares compared to the previous period [3]

Core Viewpoint - Jerry Holdings has shown a significant stock price increase of 42.07% year-to-date, despite a slight decline in the recent trading period, indicating a volatile but generally positive market performance [2]. Financial Performance - For the period from January to September 2025, Jerry Holdings reported a revenue of 10.42 billion yuan, reflecting a year-on-year growth of 29.49%. The net profit attributable to shareholders was 1.808 billion yuan, marking a 13.11% increase compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 3.299 billion yuan, with 1.819 billion yuan distributed over the past three years [3]. Stock Market Activity - As of October 30, Jerry Holdings' stock price reached 51.36 yuan per share, with a market capitalization of 52.585 billion yuan. The stock experienced a trading volume of 1.40 billion yuan and a turnover rate of 0.40% [1]. - The stock has seen a net inflow of 11.4423 million yuan from major funds, with significant buying activity from large orders [1]. Shareholder Structure - As of October 20, 2025, the number of shareholders for Jerry Holdings increased to 23,100, with an average of 30,037 circulating shares per shareholder, a slight decrease of 1.08% [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.4299 million shares, an increase of 11.3162 million shares from the previous period [3].

Core Viewpoint - Jerry Holdings has shown a stable performance in terms of stock trading and financial metrics, with significant growth in revenue and net profit year-on-year, indicating a positive outlook for the company [1][2]. Financing Summary - On October 16, Jerry Holdings had a financing buy-in amount of 20.96 million yuan, with a net buy of 588,700 yuan, while the total financing balance reached 300 million yuan [1]. - The current financing balance of 290 million yuan accounts for 0.53% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1]. - In terms of securities lending, 900 shares were repaid, and 2,800 shares were sold on October 16, with a selling amount of 149,300 yuan, while the securities lending balance was 10.55 million yuan, exceeding the 90th percentile level over the past year, indicating a high level [1]. Financial Performance - For the first half of 2025, Jerry Holdings achieved an operating income of 6.901 billion yuan, representing a year-on-year growth of 39.21%, and a net profit attributable to shareholders of 1.241 billion yuan, with a year-on-year increase of 14.04% [2]. Shareholder Information - As of October 10, the number of shareholders of Jerry Holdings increased to 22,800, with an average of 30,366 circulating shares per person, which is a decrease of 0.53% from the previous period [2]. - Cumulatively, Jerry Holdings has distributed 3.299 billion yuan in dividends since its A-share listing, with 1.819 billion yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 57.1137 million shares, an increase of 5.5976 million shares from the previous period [3]. - The fifth largest circulating shareholder is the Fu Guo Tian Hui Growth Mixed Fund, holding 15 million shares, unchanged from the previous period, while the sixth largest is the Southern CSI 500 ETF, holding 9.1212 million shares, an increase of 1.2286 million shares [3].

Group 1 - Jerry Holdings Co., Ltd. experienced a stock price increase of 5.01% on September 19, reaching 50.77 CNY per share, with a trading volume of 353 million CNY and a turnover rate of 1.03%, resulting in a total market capitalization of 51.981 billion CNY [1] - The company, established on December 10, 1999, and listed on February 5, 2010, is primarily engaged in oil and gas field equipment and technical engineering services, with revenue composition as follows: high-end equipment manufacturing 61.22%, oil and gas engineering and technical services 29.99%, renewable energy and recycling 4.76%, oil and gas field development 3.31%, and others 0.73% [1] Group 2 - Changjiang Asset Management has a fund that heavily invests in Jerry Holdings, specifically the Changjiang Changyang Mixed Initiation A fund (019293), which increased its holdings by 5,200 shares in the second quarter, totaling 14,200 shares, representing 3.64% of the fund's net value, making it the third-largest holding [2] - The Changjiang Changyang Mixed Initiation A fund was established on September 11, 2023, with a latest scale of 13.5696 million CNY, achieving a year-to-date return of 43.21% and ranking 1394 out of 8172 in its category, while its one-year return is 64.64%, ranking 2026 out of 7980 [2]

Core Viewpoint - Jerry Holdings has shown a mixed performance in financing activities and stockholder dynamics, with significant revenue growth and a stable profit margin in recent financial results [1][2][3]. Financing Activities - On September 17, Jerry Holdings experienced a financing buy-in of 12.10 million yuan, with a net financing outflow of 4.92 million yuan, indicating a cautious investor sentiment [1]. - The total financing balance as of September 17 is 244 million yuan, which is 0.47% of the circulating market value, reflecting a low level compared to the past year [1]. - The company had a high short-selling balance of 7.45 million yuan, exceeding the 70th percentile of the past year, suggesting increased bearish sentiment among investors [1]. Shareholder Dynamics - As of September 10, the number of shareholders for Jerry Holdings decreased by 2.02% to 23,500, while the average circulating shares per person increased by 2.06% to 29,503 shares [2]. - The top shareholder, Hong Kong Central Clearing Limited, increased its holdings by 5.60 million shares, indicating strong institutional interest [3]. - The company has distributed a total of 3.30 billion yuan in dividends since its A-share listing, with 1.82 billion yuan distributed in the last three years [3]. Financial Performance - For the first half of 2025, Jerry Holdings reported a revenue of 6.90 billion yuan, marking a year-on-year growth of 39.21%, and a net profit attributable to shareholders of 1.24 billion yuan, up 14.04% year-on-year [2]. - The company's main business revenue composition includes high-end equipment manufacturing (61.22%), oil and gas engineering and technical services (29.99%), and other segments [1].

Core Viewpoint - Jerry Holdings (002353.SZ) reported strong financial performance for the first half of 2025, with significant revenue and profit growth, driven by robust performance in traditional energy and natural gas-related businesses [2][3]. Financial Performance - The company achieved a revenue of 6.901 billion yuan, representing a year-on-year increase of 39.21% [3][4]. - Net profit attributable to shareholders reached 1.241 billion yuan, up 14.04% compared to the previous year [3][4]. - The net profit after deducting non-recurring gains and losses was 1.231 billion yuan, reflecting a growth of 33.90% [3]. - Operating cash flow surged by 196.36% to 3.144 billion yuan [6]. Business Segments - The high-end equipment manufacturing segment generated 4.224 billion yuan in revenue, accounting for 61.22% of total revenue, with a year-on-year growth of 22.42% [4][5]. - The oil and gas engineering and technical services segment reported revenue of 2.069 billion yuan, a significant increase of 88.14% [4][5]. - The natural gas-related business saw a remarkable revenue increase of 112.69%, with a gross margin improvement of 5.61 percentage points [2][4]. Geographic Performance - Revenue from overseas markets reached 3.295 billion yuan, up 38.38%, contributing to 47.75% of total revenue [4][6]. - The company made significant progress in emerging markets such as the Middle East and North Africa, with a 24.16% increase in new overseas orders [4]. Strategic Focus - Jerry Holdings is focusing on the dual strategy of "oil and gas industry" and "new energy industry," with a cautious approach to its new energy business due to industry competition [5][7]. - The company plans to deepen its global layout in high-end equipment manufacturing while leveraging the high demand in the natural gas market to strengthen its traditional business advantages [7].

Investment Rating - The investment rating for the company is "Outperform the Market" [6][3]. Core Views - The company has shown strong growth in revenue and profit in the first half of 2025, with revenue reaching 6.901 billion yuan, a year-on-year increase of 39.21%, and net profit attributable to the parent company at 1.241 billion yuan, up 14.04% year-on-year [1][3]. - The integration of equipment, engineering, and services is driving a strong turning point for the company, with significant growth in both domestic and international markets [2][3]. - The company has successfully entered the Middle East and North Africa oil and gas EPC projects, which opens up growth opportunities for its integrated services [3][2]. Financial Performance Summary - In the first half of 2025, the company achieved a revenue of 6.901 billion yuan, with a net profit of 1.241 billion yuan, and a significant increase in operating cash flow by 196.36% to 3.144 billion yuan [1]. - The company’s new orders and existing orders reached 9.881 billion yuan and 12.386 billion yuan, respectively, reflecting a year-on-year growth of 37.65% and 34.76% [1]. - The revenue from high-end equipment manufacturing and oil and gas engineering services was 4.224 billion yuan and 2.069 billion yuan, showing year-on-year increases of 22.42% and 88.14% respectively [2]. Market Outlook - The domestic market revenue grew by 39.97% to 3.605 billion yuan, while the international market revenue increased by 38.38% to 3.295 billion yuan [2]. - The natural gas business, covering both equipment and engineering, saw a revenue increase of 112.69% year-on-year, with new orders growing by 43.28% [2]. - The company is expected to benefit from the European market's demand for gas supply following the reduction of Russian gas imports and the needs of AI data centers [3]. Earnings Forecast - The forecast for net profit attributable to the parent company for 2025 is adjusted to 3.163 billion yuan, with further projections of 3.795 billion yuan in 2026 and 4.445 billion yuan in 2027 [3][5]. - The estimated price-to-earnings ratio (PE) for 2025 is projected at 14, with a reasonable valuation range adjusted to 52.53-61.79 yuan [3][5].