According to the GLONGHUI July 6 | CaiTong Securities Research Report on the 5th, Jieshun Technology (002609.SZ) expects net profit attributable to shareholders of listed companies of 25 million yuan to 35 million yuan in the first half of 2023, turning a loss into a profit over the previous year. According to the performance forecast, the company's net profit for 2023Q2 is expected to be about 0.4 to 50 million yuan, an increase of 300% to 400% over the previous year, close to the net profit situation of 501 million yuan in 2021/Q2. The company's overall business has clearly recovered this year. It is believed that the company's traditional business bottomed out last year due to the impact of demand for new real estate construction projects. Currently, the company has adopted a prudent strategy to avoid potential risks while accelerating the business transformation process. Overall business recovery has already been shown in Q2 results, and there is strong certainty that subsequent business will continue to recover. As a leader in the smart parking industry, the company's innovative business has entered the fast track of development, and the profit model is shifting from a one-time shipment of traditional hardware to a continuous and high-margin operating model. This year is the company's first year of accelerated growth. The company is expected to achieve operating income of 1,761/21.76/2,669 billion yuan and net profit of 216/312/418 million yuan from 2025. Corresponding to PE in 2023-2025, 34/23/18 times, respectively, maintaining the “increase in holdings” rating.