Core Viewpoint - Jieshun Technology's stock price has experienced fluctuations, with a year-to-date increase of 32.23% but a recent decline over the past five trading days of 8.38% [1] Financial Performance - For the first half of 2025, Jieshun Technology reported revenue of 744 million yuan, representing a year-on-year growth of 21.44% [2] - The net profit attributable to shareholders for the same period was approximately 41.48 million yuan, showing a significant increase of 143.75% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 40.30% to 44,600, while the average number of circulating shares per person decreased by 28.73% to 10,291 shares [2] - The company has distributed a total of 828 million yuan in dividends since its A-share listing, with 14.5 million yuan distributed in the last three years [3] Stock Market Activity - On September 1, Jieshun Technology's stock price was 10.83 yuan per share, with a trading volume of 115 million yuan and a turnover rate of 2.28% [1] - The company's market capitalization stood at 6.968 billion yuan [1] - The net outflow of main funds was 4.92 million yuan, with large orders showing a buy of 16.55 million yuan and a sell of 21.23 million yuan [1] Business Overview - Jieshun Technology, established on June 17, 1992, and listed on August 15, 2011, focuses on smart parking and smart community platform operations [1] - The revenue composition includes smart hardware (39.18%), parking asset operation (27.81%), software and cloud services (16.79%), smart parking operation (10.69%), property leasing (5.11%), and others (0.43%) [1] - The company is categorized under the computer-IT services industry and is involved in sectors such as electronic payment, smart parking, and new urbanization [1]

Core Viewpoint - Jieshun Technology's stock price dropped by 5.04% to 11.49 CNY per share, with a trading volume of 264 million CNY and a turnover rate of 4.87%, resulting in a total market capitalization of 7.393 billion CNY [1] Company Overview - Jieshun Technology, established on June 17, 1992, and listed on August 15, 2011, is located in Longhua District, Shenzhen, Guangdong Province. The company specializes in smart parking and smart community platform operation services [1] - The revenue composition of Jieshun Technology includes: - Smart hardware: 39.18% - Parking asset operation: 27.81% - Software and cloud services: 16.79% - Smart parking operation: 10.69% - Property leasing: 5.11% - Others: 0.43% [1] Shareholder Analysis - Morgan Stanley's fund, specifically the Morgan Stanley Digital Economy Mixed A (017102), is among the top ten circulating shareholders of Jieshun Technology. In the second quarter, it increased its holdings by 1.2606 million shares, totaling 10.6326 million shares, which accounts for 2.31% of the circulating shares. The estimated floating loss today is approximately 6.4859 million CNY [2] - The Morgan Stanley Digital Economy Mixed A fund was established on March 2, 2023, with a latest scale of 2.386 billion CNY. Year-to-date returns are 52.01%, ranking 422 out of 8194 in its category; the one-year return is 110.5%, ranking 168 out of 7963; and since inception, the return is 109.01% [2] Fund Performance - The fund manager of Morgan Stanley Digital Economy Mixed A is Lei Zhiyong, who has been in the position for 6 years and 132 days. The total asset scale of the fund is 4.547 billion CNY, with the best return during his tenure being 126.99% and the worst return being -4.71% [3] Top Holdings - Another Morgan Stanley fund, the Morgan Stanley Technology Leading Mixed A (002707), is a major holding in Jieshun Technology. In the second quarter, it reduced its holdings by 178,600 shares, now holding 683,400 shares, which represents 5.91% of the fund's net value. The estimated floating loss today is about 416,900 CNY [4] - The Morgan Stanley Technology Leading Mixed A fund was established on December 13, 2017, with a latest scale of 127 million CNY. Year-to-date returns are 23.87%, ranking 3042 out of 8194; the one-year return is 63.98%, ranking 1378 out of 7963; and since inception, the return is 92.33% [4]