Jiangsu Hoperun Software: A Case Study in Resilient Growth and Investor‑Centric Strategy
1. Operational Momentum in 2025
Jiangsu Hoperun Software Co., Ltd. (300339) released its audited report for the first nine months of 2025, revealing a clear trajectory of robust performance. The company posted an operating revenue of 2.719 billion CNY, a 12.86 % year‑on‑year increase, underscoring its ability to generate higher sales volumes amidst a competitive software marketplace. Net profit attributable to shareholders, after deducting non‑recurring items, reached 62.149 million CNY, up 26.88 % from the corresponding period last year.
The growth in both revenue and profit is significant for a software firm listed on the Shenzhen Stock Exchange, whose 52‑week low hovered around 42.5 CNY and high at 84.84 CNY. The company’s 2025‑quarter earnings demonstrate that it has managed to convert market demand into tangible profitability, a feat that many peers have struggled to replicate in an era of tightening margins.
2. Dividend Revival: A Signal of Confidence
In a move that will resonate strongly with income‑oriented investors, Hoperun has announced the re‑launch of its dividend policy. After a period of suspended payouts, the board has approved a plan to return capital to shareholders, contingent upon meeting the statutory dividend criteria. This decision follows the July 2025 resolution to use retained earnings to offset prior losses—an action that has already restored the company’s retained‑earnings balance and positioned it for sustainable distribution.
The dividend restart signals management’s confidence in the firm’s cash‑flow profile and its long‑term earnings trajectory. It also aligns with broader market expectations, where investors increasingly reward companies that demonstrate both growth and a commitment to returning value.
3. Institutional Interest and Portfolio Weighting
The institutional landscape further validates Hoperun’s appeal. The Nuo’an Positive Return Mixed A and Nuo’an Positive Return Mixed C funds have each listed the company among their top holdings, with a combined market‑value stake exceeding 104 million CNY. These funds also hold a diversified mix of other information‑technology names—such as DaMeng Data, SunTech Dynamics, and Kingsoft Office—highlighting a strategic bias towards high‑growth, technology‑centric securities.
The presence of these funds in Hoperun’s portfolio not only provides a steady flow of capital but also serves as a de facto endorsement of the company’s business model and market positioning. In an environment where capital can be fickle, such institutional support is a vital stabilizer for share price dynamics.
4. Financial Health and Valuation Context
Despite the company’s impressive growth, its valuation remains a point of concern. With a price‑earnings ratio of 353.35, Hoperun trades far above the industry median, reflecting market enthusiasm for its future potential. Its market capitalization stands at 47.85 billion CNY, placing it among the mid‑cap tier of software firms on the Shenzhen exchange.
However, the high PE ratio should be viewed in the context of the company’s strong earnings momentum and the growing demand for its suite of IT services—ranging from lifecycle management to big‑data application services. If the firm can sustain its profitability trajectory while expanding its service penetration, the current valuation may prove justified.
5. Risks and Forward Outlook
While Hoperun’s recent financials paint an optimistic picture, several risks warrant attention:
Macroeconomic Headwinds – A slowdown in China’s overall IT spending could dampen revenue growth, especially in the domestic market where the company has the largest exposure.
Competitive Landscape – The software sector is highly contested, with large incumbents and nimble startups continuously innovating. Hoperun must maintain technological differentiation to avoid price erosion.
Liquidity Constraints – Although the dividend restart improves shareholder confidence, it also reduces the company’s retained earnings buffer. Any unforeseen capital requirements could strain liquidity.
Regulatory Scrutiny – Increasing regulatory oversight of software and data services in China may impose additional compliance costs.
Despite these risks, Hoperun’s diversified service offerings—including financial IT core systems, smart energy solutions, and embedded software for intelligent terminals—provide multiple revenue streams that can cushion against sectoral downturns.
6. Conclusion
Jiangsu Hoperun Software demonstrates a compelling blend of operational excellence, growth sustainability, and shareholder value creation. Its Q3 2025 performance, coupled with the strategic revival of dividends and institutional backing, positions the company as a noteworthy contender in the Chinese IT services arena.
Investors who prioritize high‑growth software firms and are willing to tolerate a premium valuation may find Hoperun’s narrative appealing. Nonetheless, prudence dictates that potential investors remain vigilant regarding macroeconomic trends, competitive pressures, and regulatory developments that could impact the firm’s trajectory in the coming years.
