Analysis of Driving Factors for the Strong Performance of Kingsun (002638) and Its Market Impact

This analysis is based on Tushare’s strong stock pool data [0]. Kingsun (002638) has recently performed strongly, with key driving factors including the change of controlling shareholder to Jingtengda [4], the hotspots of smart city and Internet of Vehicles (IoV) concepts [1], the shareholder increase plan [2], the business transformation to semiconductor lighting [3], and significant capital inflow [6]. Market attention has increased, and short-term performance is active.

The recent strong performance of Kingsun (002638) is influenced by the superposition of multiple factors:

1. Controlling Shareholder Change
   : Jingtengda has become the actual controller [4], bringing new development expectations;
2. Concept Hotspots
   : The smart city and IoV concepts align with policy directions [1], increasing market attention;
3. Shareholder Increase
   : Jingtengda, the largest voting right holder, implemented an increase plan [2][5], enhancing investor confidence;
4. Business Transformation
   : Divested education and training business, focusing on semiconductor lighting and smart light poles [3], which is in line with the new infrastructure trend;
5. Capital Inflow
   : On November 25, the main capital net inflow was 78.2872 million yuan [6], driving the stock price up.

• The change of controlling shareholder and business transformation form a synergistic effect, making the strategic direction clearer;
• The resonance of hot concepts and capital inflow leads to positive short-term market sentiment;
• The effectiveness of business transformation is gradually emerging, and long-term development potential is worth attention.