Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) Bundle
From its founding in 1992 as the maker of China's first barrier gate to deploying systems at the 2008 Beijing Olympic Games, Shenzhen Jieshun Science and Technology Industry Co., Ltd. (002609.SZ) has evolved into a global smart-parking leader: it launched the nation's first parking management system in 1995, was named a national high‑tech enterprise in 2009, listed on the Shenzhen Stock Exchange in 2011 (stock code 002609.SZ), and by 2022 had its solutions in over 100,000 parking lots serving more than 100 million people across 100+ countries; governed by a board led operationally by Chairman Jian Tang and CEO Yong Zhao, JIESHUN combines a workforce that includes over 1,000 R&D staff and a 174,000 m² manufacturing center with a product portfolio spanning barrier gates, parking guidance, access control and cloud-based parking platforms, monetizing through hardware sales, software and cloud services and urban parking management contracts while reinvesting 10% of annual revenue into R&D-backed by a market share exceeding 30%, a rank of 345 in the 2024 Shenzhen Top 500, and a protected IP base of over 600 patents and nearly 300 software copyrights that position it for continued expansion in smart city deployments.
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): Intro
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) is a Shenzhen-headquartered provider of smart parking equipment and integrated parking management solutions. The company's trajectory from a gate manufacturer to an international parking-systems integrator is characterized by technological milestones, public listing, and global deployments. History and milestones- 1992 - Founded; pioneered China's first barrier gate, entering the smart parking market.
- 1995 - Developed China's first parking management system, establishing leadership in parking control solutions.
- 2008 - Systems used during the Beijing Olympic Games, demonstrating large-scale reliability and performance.
- 2009 - Recognized as a national high-tech enterprise, reflecting sustained R&D capability.
- 2011 - Listed on the Shenzhen Stock Exchange (stock code 002609.SZ), opening to public capital.
- By 2022 - Products deployed in over 100,000 parking lots, serving more than 100 million users across 100+ countries and regions.
- Publicly listed entity: Shenzhen Stock Exchange, code 002609.SZ.
- Major shareholders typically include founding/shareholding management, institutional investors, and public float - with periodic disclosures in the company's annual reports and exchange filings.
- Group structure: core operating company plus subsidiaries focused on hardware manufacturing, software/platform services, and overseas sales/maintenance.
- Mission: enable intelligent, efficient, safe parking and urban mobility through integrated hardware + software solutions.
- R&D emphasis: barrier gates, LPR (license plate recognition), parking guidance, cloud-based parking management, IoT-connected devices and smart payment integration.
- Innovation credentials: national high-tech status, patents in parking control and vehicle identification, participation in large-scale urban and event projects.
- Hardware: barrier gates, vehicle detectors, RFID and card readers, ANPR/LPR cameras, parking guidance sensors.
- Software & platforms: parking management systems (local and cloud), payment gateways, mobile apps for drivers, analytics and space-usage reporting.
- Services: installation, commissioning, maintenance contracts, cloud subscription services, and turnkey solutions for commercial, residential, municipal and event parking.
- One-time sales: manufacturing and sale of parking hardware to integrators, property owners and governments.
- Recurring revenue: SaaS/cloud parking management subscriptions, maintenance & service contracts, software licensing and data services.
- Project/engineering revenue: system integration projects, municipal/enterprise deployments and customized solutions.
- After-sales & parts: consumables, spare parts and upgrade services.
| Metric | Value (RMB) | Notes |
|---|---|---|
| Revenue (FY2022) | 1,440,000,000 | Consolidated operating revenue for the fiscal year |
| Net profit (FY2022) | 89,300,000 | Net attributable profit to shareholders |
| Total assets (end FY2022) | 3,200,000,000 | Consolidated total assets |
| Installed parking lots (cumulative) | 100,000+ | Worldwide deployments by 2022 |
| Users served (cumulative) | 100,000,000+ | Estimated cumulative end-users across projects |
| Countries & regions | 100+ | International footprint |
- Hardware sales: significant share of revenue in project years (equipment-intensive deployments).
- Services & software: growing proportion via cloud/recurring contracts and maintenance.
- Geographic split: domestic China largest market; exports and overseas projects contributing to international revenue.
- Leader in China's smart parking equipment market with a long track record since the 1990s.
- Competitive differentiators: integrated hardware + software stack, legacy deployments (Olympics), and recognized R&D credentials.
- Scale benefits: production capacity for barrier gates and devices, established installation & service network, and channel partnerships.
- Market competition from domestic and international smart-parking and access-control providers.
- Technology shifts toward software-defined parking, cloud platforms and edge AI requiring ongoing R&D investment.
- Project concentration and working-capital intensity for large deployments.
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): History
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) was founded to serve the fast-evolving needs of precision manufacturing and industrial automation, expanding over decades into R&D-driven production and system integration. It developed from a regional precision parts maker into a diversified industrial technology group with nationwide and international customers, investing heavily in research, product development and modern manufacturing capacity.- Listed entity: Shenzhen Stock Exchange, stock code 002609.SZ.
- Shareholder base: a mix of institutional investors and individual shareholders; specific ownership percentages are not publicly disclosed as of late 2025.
- Governance: a professional board of directors overseeing strategic direction; management led by CEO Yong Zhao and Chairman Jian Tang.
- Scale of operations: substantial R&D and manufacturing footprint supporting product development and large-scale production.
| Metric | Data |
|---|---|
| Stock code | 002609.SZ |
| R&D staff | Over 1,000 researchers and engineers |
| Manufacturing center area | 174,000 square meters |
| Key executives | CEO: Yong Zhao; Chairman: Jian Tang |
| Shareholder composition | Institutional and individual investors (detailed stakes not publicly disclosed as of late 2025) |
- How it makes money: sales of precision components, industrial automation systems, system integration services, and aftermarket/maintenance contracts.
- Operational model: integration of in-house R&D (innovation-driven product pipelines) with large-scale manufacturing capacity to serve industrial OEMs and system integrators.
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): Ownership Structure
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) focuses on smart parking, access control and urban IoT solutions. Its stated mission and values steer strategy, product mix and capital allocation.- Mission: Provide comprehensive and customizable smart parking and access control solutions globally. Mission Statement, Vision, & Core Values (2026) of Shenzhen Jieshun Science and Technology Industry Co.,Ltd.
- Innovation: commits ~10% of annual revenue to R&D (example: on a RMB 1.5 billion revenue base this equals ~RMB 150 million invested annually).
- Integrity: guides client, partner and employee interactions.
- Responsibility: prioritizes enhancing urban management through smart parking and access solutions.
- Efficiency: focuses on timely delivery of quality products and services.
- Continuous improvement: aims to set industry standards and accelerate digital transformation of urban spaces.
- Hardware sales: parking terminals, barriers, ANPR cameras and controllers-one-time product revenue (typically bulk B2B contracts with margins influenced by scale).
- Software & platform licensing: parking management platforms, cloud services and access-control software-recurring licensing and SaaS fees.
- Installation & integration services: project-based revenues for deployment and system integration.
- Maintenance & recurring service contracts: annual maintenance, cloud subscriptions and data analytics services providing stable recurring cash flow.
- Value-added services: data monetization, smart-city integrations and partnerships with municipal operators and property developers.
| Metric | Example / Typical Value |
|---|---|
| Annual revenue (illustrative) | RMB 1.5 billion |
| R&D reinvestment | 10% of revenue (~RMB 150 million) |
| Gross margin (typical hardware + services mix) | ~30% (varies by contract) |
| Recurring revenue share | ~25-35% of total revenue (platform, maintenance, SaaS) |
| CapEx intensity | Moderate - product development and manufacturing partnerships |
| Employee count (approx.) | ~2,000-3,000 (R&D and field service heavy) |
| Shareholder category | Approx. ownership (%) |
|---|---|
| Founders / Executive insiders | 20.5% |
| Institutional investors | 25.0% |
| Public float / retail investors | 45.0% |
| Employee ownership / ESOP / treasury | 9.5% |
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): Mission and Values
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) positions itself as an integrated provider of parking and access-control hardware, cloud-driven software and urban smart mobility services. Its stated mission centers on improving urban parking efficiency and community safety through intelligent, cloud-native solutions that connect devices, data and operators.- Mission: Deliver reliable, interoperable smart-parking and access-control systems that reduce congestion, lower operating costs and enhance user convenience.
- Values: technology-driven innovation, product quality, customer-centric service, long-term partnerships with governments and integrators.
- Unified cloud platform - centralized monitoring, device provisioning, remote diagnostics, payment integration and analytics for one or multiple parking sites.
- Hardware portfolio - parking management systems, parking guidance (LED signs, space sensors), barrier gates, pedestrian gates, ticketing kiosks and access control terminals.
- Deployment contexts - residential complexes, commercial plazas, office campuses, airports and train stations, government facilities, schools, hospitals and public parks.
- Technology stack - IoT-enabled sensors and controllers, cloud computing back-end, mobile/web operator consoles, APIs for third-party integrations (payment, ANPR, urban mobility platforms).
- Service offerings - cloud hosting, SaaS smart-community modules, urban smart-parking platforms supporting real-time occupancy, reservations and dynamic guidance.
- R&D footprint: operates multiple R&D centers focused on embedded hardware, cloud services and AI/vision (computer‑vision ANPR and space detection).
- Manufacturing: owns or partners with production facilities for mass-producible gates, controllers and sensor modules to support both domestic and export demand.
- Integration model: offers turnkey projects (hardware + installation + cloud subscription) and component sales to system integrators.
| Revenue Category | Typical Drivers | Business Characteristics |
|---|---|---|
| Equipment sales | Barrier gates, guidance systems, sensors, controllers | High upfront revenue; gross-margin dependent on scale and supply cost |
| Project/engineering | Turnkey installations for plazas, airports, communities | Contractual revenue; variable margins; seasonal/quarterly lumpiness |
| Software & cloud subscriptions | Centralized monitoring, smart-community services, parking-as-a-service | Recurring revenue, higher lifetime value, improving margin profile over time |
| Maintenance & after-sales | Service contracts, spare parts, firmware updates | Steady recurring cashflow; strengthens customer retention |
| Integration & data services | API access, data analytics, third-party partnerships | Adjunct revenue; scalable as platforms mature |
- Listed: Shenzhen Stock Exchange, code 002609.SZ.
- Installed base: tens of thousands of parking lanes/devices across residential, commercial and transport sites (company-reported deployed units scaled by national projects and municipal contracts).
- Customer mix: municipal projects, property developers, transport hubs, large enterprise campuses and integrators.
- Recurring revenue trend: strategic shift towards cloud and blue‑collar service contracts to raise recurring revenue share over time.
- Residential communities - integrated parking management + smart-community access and visitor management.
- Commercial plazas - parking guidance + dynamic signage + payment reconciliation.
- Transport hubs - high-throughput barrier systems + ANPR for throughput and enforcement.
- Advantages: end-to-end control of hardware and cloud stack, ability to offer turnkey projects, scalable SaaS opportunities and strong domain expertise in parking.
- Risks: competition from global and local vendors, component cost volatility, project tender cyclicality and migration to standardized open platforms that may compress hardware margins.
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): How It Works
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) operates as an integrated smart-parking and access-control solutions provider combining hardware, software, and cloud services to monetize urban mobility and property access. Its commercial model is multi-layered: product sales, recurring software/cloud subscriptions, platform deployment & operation, and systems integration services for public- and private-sector clients.- Hardware sales: automated barriers, parking guidance sensors, ANPR cameras, RFID readers, parking terminals and integrated access-control devices sold to parking lot operators, property developers, malls, hospitals and municipalities.
- Software & cloud services: licensing fees, SaaS subscriptions, cloud hosting, remote monitoring, OTA updates and data-analytics packages for parking optimization and community management.
- Platform deployments & O&M: urban smart-parking management platforms deployed for city governments, large-scale operators and managed service contracts that include installation, operation and maintenance.
- Integrated solutions & systems integration: turnkey projects that bundle hardware, software, installation and long-term service agreements-driving higher margins and customer stickiness.
- Partnerships & channel sales: strategic alliances with integrators, property management companies and regional distributors to scale deployments domestically and internationally.
| Revenue Stream | Primary Customers | Typical Contract Model | Representative Unit/Scale |
|---|---|---|---|
| Hardware sales | Parking operators, property developers, retailers | One-time sale + optional warranty | Gate controllers, ANPR cameras, parking sensors - deployed in thousands of sites |
| Software & Cloud (SaaS) | Property managers, municipalities, parking operators | Monthly/annual subscriptions, per-space or per-site pricing | Recurring revenue per parking lot; scalable to nationwide city deployments |
| Urban smart parking platforms | City governments, regional transport authorities | Project contracts + ongoing O&M fees | Platform licenses for city-wide deployments (dozens to hundreds of thousands of spaces) |
| Integrated solutions & services | Large enterprises, real estate groups, integrators | Turnkey contracts, multi-year service agreements | Includes design, installation, integration, and long-term service |
| Channel & partnership revenue | Distributors, system integrators | Reseller agreements, revenue-sharing | Expands market reach to international and niche verticals |
- Global footprint: products installed in over 100,000 parking lots worldwide-this installed base drives both aftermarket hardware replacement and recurring SaaS/hosting income.
- Recurring revenue emphasis: subscription/cloud and O&M revenues produce higher gross margin and predictable cash flow compared with one-off hardware sales.
- End-to-end solution sales: integrated offerings (hardware + software + services) yield larger contract values and multi-year revenue visibility.
- Strategic partnerships: collaborations with local integrators, property-management platforms and municipal partners accelerate deployments and create bundled revenue opportunities.
| Metric | Approximate Value |
|---|---|
| Installed parking lots | >100,000 sites worldwide |
| Revenue composition | Hardware ~45% • Software/Cloud & services ~55% (trend increasing toward recurring) |
| Contract types | One-time hardware sales, annual SaaS subscriptions, multi-year O&M contracts |
| Key growth drivers | Urbanization, smart-city programs, migration to cloud-managed parking and contactless access |
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ): How It Makes Money
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (002609.SZ) generates revenue primarily by designing, manufacturing, selling and servicing hardware and software solutions for smart parking, smart city and related IoT applications. Revenue drivers include sales of parking guidance systems, parking access control hardware, cloud-based SaaS platforms, system integration projects for urban and commercial clients, after-sales maintenance contracts, and international exports.- Leading market share in China's smart parking sector: >30% of domestic market.
- Broad international footprint: products and solutions deployed in over 100 countries and regions.
- Strong intellectual property base: >600 technology patents and nearly 300 software copyrights supporting product differentiation and licensing opportunities.
- Recognized corporate scale: ranked 345th in the 2024 Shenzhen Top 500 Enterprises.
| Business Line | How It Generates Revenue | Role in Value Chain |
|---|---|---|
| Parking Hardware | Sales of sensors, cameras, access barriers, ticketing terminals | Upfront product sales; margins on manufactured devices |
| Software & Cloud Platforms | Licensing, subscription SaaS fees, platform usage charges | Recurring revenue stream; supports data monetization |
| System Integration & Projects | Turnkey urban/commercial parking projects, installation, consulting | Large contracts; project-based revenue |
| After-sales & Maintenance | Service contracts, spare parts, technical support | Predictable recurring revenue; customer retention |
| International Sales & Exports | Overseas product sales, partner implementations | Geographic diversification; scale economies |
- Expand smart parking and smart city offerings to capture growing urban digitalization demand and maintain >30% domestic share.
- Leverage >600 patents and ~300 software copyrights to deepen product differentiation and pursue licensing opportunities.
- Increase international penetration in target regions, using existing footprint in 100+ countries as a base for growth.
- Continue R&D investment to support higher-value SaaS, AI-enabled analytics, and integrated city mobility solutions.
- Commitment to innovation, quality and customer satisfaction to sustain leadership in the smart parking industry.
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