Company Overview
Shenzhen Jieshun Technology Co., Ltd. (hereinafter referred to as "the Company") was established with the approval of the Shenzhen Municipal Administration for Industry and Commerce by individuals Tang Jian and Sun Xiaomei. It was registered on June 17, 1992, and holds a business license with the unified social credit code 914403002794141894. The registered address is No. 5, Guansheng 2nd Road, Luhu Community, Guanhu Street, Longhua District, Shenzhen, Guangdong Province. The Company's shares have been listed on the Shenzhen Stock Exchange since August 15, 2011. The Company operates in the software and information technology services industry, primarily selling and servicing products such as intelligent parking management systems, intelligent access control systems, and intelligent channel gate management systems. As of December 31, 2025, the Company has a registered capital of CNY 643,438,841.00, with a total of 643,438,841.00 shares (each with a par value of CNY 1). Among these, there are 184,578,925.00 shares with restricted circulation and 458,859,916.00 shares with unrestricted circulation. The actual controllers of the Company are Tang Jian and Liu Cuiying. This financial statement was approved by the Company's board of directors on April 28, 2026.
Basis of Financial Statement Preparation
(1) Preparation Basis
This financial statement is prepared in accordance with the "Accounting Standards for Business Enterprises - Basic Standards" and various specific accounting standards, application guidelines, interpretations, and other relevant regulations issued by the Ministry of Finance (collectively referred to as "Accounting Standards for Business Enterprises"), as well as the relevant provisions of the China Securities Regulatory Commission's "Rules for the Disclosure of Information by Companies Issuing Securities to the Public No. 15 - General Provisions for Financial Reports."
(2) Going Concern
This financial statement is prepared on a going concern basis.
Important Accounting Policies and Estimates
Specific accounting policies and estimates are disclosed as follows, covering the specific accounting policies and estimates formulated by the Company based on its actual production and operational characteristics. For details, see this note "III. (25) Revenue."
(1) Compliance with Accounting Standards
This financial statement complies with the requirements of the Accounting Standards for Business Enterprises issued by the Ministry of Finance and reflects the true and complete consolidated and parent company financial position as of December 31, 2025, as well as the consolidated and parent company operating results and cash flows for the year 2025.
(2) Accounting Period
The accounting period is from January 1 to December 31 of each year.
(3) Operating Cycle
The Company's operating cycle is 12 months.
(4) Functional Currency
The Company uses Renminbi (RMB) as its functional currency.
(5) Accounting Treatment Methods for Business Combinations Under Common Control and Not Under Common Control
Business Combinations Under Common Control: The assets and liabilities obtained by the combining parties in a business combination are measured based on the carrying amounts of the combined party's assets and liabilities in the consolidated financial statements of the ultimate controlling party on the merger date. The difference between the carrying amount of the net assets obtained in the combination and the carrying amount of the consideration paid (or the total par value of the shares issued) is adjusted against the capital reserve. If the capital reserve is insufficient to offset, it is adjusted against retained earnings.
Business Combinations Not Under Common Control: The acquisition cost is the fair value of the assets paid, liabilities incurred or assumed, and equity securities issued by the acquirer to obtain control of the acquired party on the acquisition date. If the acquisition cost exceeds the fair value of the identifiable net assets acquired, the excess is recognized as goodwill; if it is less, the difference is recognized in the current profit or loss. The identifiable assets, liabilities, and contingent liabilities acquired in the combination are measured at fair value on the acquisition date.