Core Viewpoint - Jicheng Electronics experienced a stock price decline of 2.08% on October 29, with a current price of 7.99 CNY per share and a market capitalization of 4.028 billion CNY. The company has seen a year-to-date stock price increase of 16.30% but a recent decline over the past five trading days [1]. Financial Performance - For the period from January to September 2025, Jicheng Electronics achieved a revenue of 1.758 billion CNY, representing a year-on-year growth of 23.11%. However, the company reported a net profit attributable to shareholders of -76.1473 million CNY, which is a year-on-year increase of 16.28% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Jicheng Electronics was 41,200, a decrease of 26.62% from the previous period. The average number of circulating shares per shareholder increased by 36.27% to 11,632 shares [2]. Business Overview - Jicheng Electronics, established on August 10, 2000, and listed on January 22, 2010, specializes in automation for power grids, including dispatch automation, substation automation, and power generation automation systems. The main revenue sources are: distribution automation (36.88%), substation automation (20.77%), public utility automation (18.63%), grid dispatch automation (13.70%), evaluation services (8.05%), and other products (1.97%) [1]. Dividend Information - Since its A-share listing, Jicheng Electronics has distributed a total of 231 million CNY in dividends, with 2.016 million CNY distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders, Guangfa Quantitative Multi-Factor Mixed A (005225) is the ninth largest shareholder, holding 3.0877 million shares as a new investor [3].

Group 1 - The core business of the company includes power grid automation, distribution automation, and power plant automation, with revenue contributions of 36.88% from distribution automation, 20.77% from substation automation, and 13.70% from grid dispatch automation [2] - As of June 30, the company had 56,100 shareholders, an increase of 3.70% from the previous period, with an average of 8,536 circulating shares per shareholder, a decrease of 3.57% [2] - For the first half of 2025, the company achieved operating revenue of 1.091 billion yuan, a year-on-year increase of 23.75%, while the net profit attributable to shareholders was -60.30 million yuan, a year-on-year increase of 26.63% [2] Group 2 - On September 17, the company's stock fell by 1.11%, with a trading volume of 76.24 million yuan [1] - The financing buy-in amount on the same day was 8.80 million yuan, while the financing repayment was 12.55 million yuan, resulting in a net financing buy-in of -3.75 million yuan [1] - The total balance of margin trading as of September 17 was 264 million yuan, accounting for 6.50% of the circulating market value, which is above the 80th percentile level over the past year [1]