假设全球发售于2025年11月6日(星期四)上午八时正(香港时间)或之前成为无条件，预期H股将于2025年 11月6日(星期四)上午九时正(香港时间)在联交所主板开始买卖。H股将以每手买卖单位500股H股买卖。 公司预期将于2025年11月5日(星期三)以招股章程「如何申请香港发售股份 -B.公布结果」一节所述之方 式公布国际发售的踊跃程度、香港公开发售的申请水平、香港发售股份的分配基准及香港公开发售的分 配结果之详情。 智通财经APP讯，均胜电子(00699)发布公告，发售价已于2025年11月4日厘定为每股H股22.00港元(不包 括1%经纪佣金、0.0027%证监会交易征费、 0.00565%联交所交易费及0.00015%会财局交易征费)。 ...

假设全球发售于2025年11月6日(星期四)上午八时正(香港时间)或之前成为无条件，预期H股将于2025年 11月6日(星期四)上午九时正(香港时间)在联交所主板开始买卖。H股将以每手买卖单位500股H股买卖。 格隆汇11月4日丨均胜电子(00699.HK)公布，发售价已于2025年11月4日厘定为每股H股22.00港元。公司 预期将于2025年11月5日(星期三)以招股章程「如何申请香港发售股份 －B.公布结果」一节所述之方式 公布国际发售的踊跃程度、香港公开发售的申请水平、香港发售股份的分配基准及香港公开发售的分配 结果之详情。 ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 1 本公告不會直接或間接於或向美國（包括美國的領土及屬地、美國任何州以及哥倫比亞特區或 任何其他法律禁止此類發佈的司法管轄區內）發佈、刊發、派發。本公告並不構成亦不屬於在 美國境內或於任何其他司法管轄區購買或認購證券的任何要約或招攬的一部分。本公告所述證 券並無亦不會根據《1933年美國證券法》（經不時修訂）（「美國證券法」）或美國任何州或其他司 法管轄區的證券法登記。證券不得在美國境內提呈發售、出售、質押或以其他方式轉讓，惟根 據美國證券法的登記規定及任何適用州證券法獲豁免者除外，或除非符合美國證券法項下的S 規例，否則不得於美國境外提呈發售、出售、質押或以其他方式轉讓。證券不會在美國公開發 售。 本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。本公告並非招股章程。 有意投資者於決定是否投資於發售股份前應閱覽寧波均勝電子股份有限公司（「 ...

Summary of Junsheng Electronics Conference Call Company Overview - **Company**: Junsheng Electronics - **Industry**: Automotive and Robotics Key Financial Highlights - **Revenue Growth**: In the first three quarters of 2025, revenue increased significantly, with net profit reaching 4.1 billion CNY, a year-on-year growth of 35.4% and a quarter-on-quarter growth of 12.4% [2][3] - **Gross Margin**: Gross margin improved, rising by 2.7 percentage points year-on-year to 18.3% for the first three quarters, with a quarterly gross margin of 18.6% in Q3 [2][3] - **Cash Flow**: The company achieved a net cash flow of 36.4 billion CNY, with investment cash outflow of 33.4 billion CNY primarily for short-term bank wealth management [2][7] Automotive Market Performance - **Global Sales**: Approximately 67 million vehicles were sold globally in the first three quarters of 2025, a year-on-year increase of about 5% [5] - **China Market**: Sales in the Chinese market (excluding exports) reached about 19 million vehicles, up 11.5% year-on-year, with total sales (including exports) around 25 million vehicles [2][5] - **Regional Performance**: European market sales declined by about 0.7% to 13 million vehicles, while the US market saw sales close to 12 million vehicles, with a growth rate of nearly 5% [5] New Business Orders - **Record Orders**: New business orders reached a record high of 402 billion CNY in Q3, totaling 714 billion CNY for the first three quarters [2][6] - **Order Breakdown**: Nearly 400 billion CNY in automotive safety orders and over 260 billion CNY in automotive electronics orders were recorded [6] Strategic Developments - **Core Strategy**: The company has adopted a core strategy of transitioning between automotive and robotics, with stable supply of key components and small batch deliveries of leg and hand components expected to scale up by early next year [9][10] - **Collaboration with North American Clients**: Significant progress has been made in collaboration with North American clients on next-generation robotic products, with large-scale business cooperation initiated [8][9] Upcoming IPO - **Hong Kong Listing**: The company plans to complete its Hong Kong listing on November 6, 2025, with expected fundraising of 400 to 500 million USD and an issue price not exceeding 23.6 HKD [3][20] - **Use of Funds**: The funds will primarily be used for R&D in advanced technologies and to enhance gross and net profit margins [20] Profitability by Region - **Regional Margins**: The gross margin in the Chinese region remains higher than in Europe, America, and Asia-Pacific, with European margins improving to around 20% [11] Future Outlook - **Smart Driving Orders**: Orders related to smart driving are expected to begin production in Q3 2027, with a lifecycle of 5-8 years and a gross margin of approximately 30% [12] - **Robotics Business Growth**: The robotics business is projected to generate revenue in the tens of millions CNY this year, with significant growth anticipated as clients enter mass production [19] Cost Management Strategies - **Cost Reduction Measures**: The company aims to improve gross margins through cost reduction strategies, including increasing the proportion of self-produced core components and optimizing production locations [16] Conclusion Junsheng Electronics is positioned for significant growth in both the automotive and robotics sectors, with strong financial performance, strategic partnerships, and an upcoming IPO that will support its technological advancements and market expansion efforts.

Core Insights - Junsheng Electronics (00699) reported its performance for the first three quarters of 2025, showing a revenue of approximately 45.844 billion yuan, which represents a year-on-year growth of 11.45% [2] - The net profit attributable to shareholders of the listed company was around 1.12 billion yuan, reflecting a year-on-year increase of 18.98% [2] - The basic earnings per share stood at 0.81 yuan [2]

Core Viewpoint - Junsheng Electronics (00699) reported a revenue of approximately 45.844 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 11.45% [1] - The net profit attributable to shareholders of the listed company was about 1.12 billion yuan, representing a year-on-year increase of 18.98% [1] - The basic earnings per share stood at 0.81 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached approximately RMB 15.50 billion, representing a year-on-year increase of 10.25%[7]. - The net profit attributable to shareholders for the third quarter was approximately RMB 412.61 million, showing a significant year-on-year growth of 35.40%[7]. - The total profit for the third quarter was approximately RMB 597.38 million, a decrease of 6.05% year-on-year[7]. - Total operating revenue for the first three quarters of 2025 reached ¥45.84 billion, a 11.5% increase from ¥41.13 billion in the same period of 2024[29]. - Net profit for the first three quarters of 2025 was ¥1.36 billion, up 7.9% from ¥1.26 billion in the first three quarters of 2024[30]. - The total comprehensive income for the first three quarters of 2025 was ¥2.12 billion, significantly higher than ¥569.99 million in 2024[31]. Profitability Metrics - The gross profit margin for the first three quarters of 2025 improved by about 2.7 percentage points to 18.3%, with the third quarter margin reaching approximately 18.6%[12]. - The basic earnings per share for the third quarter was RMB 0.30, reflecting a growth of 36.36% year-on-year[7]. - Basic earnings per share for the first three quarters of 2025 were ¥0.81, up from ¥0.67 in the same period of 2024, representing a 20.9% increase[31]. - The weighted average return on equity at the end of the reporting period was 7.91%, an increase of 1.14 percentage points compared to the previous year[7]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was approximately RMB 3.64 billion, an increase of 19.32%[7]. - Cash flow from operating activities for the first three quarters of 2025 was ¥3.64 billion, compared to ¥3.05 billion in the same period of 2024, marking an increase of 19.2%[33]. - Investment activities generated a net cash flow of -3,339,130,915.60 in the first three quarters of 2025, compared to -1,478,313,712.74 in the same period of 2024, indicating a significant increase in cash outflow[34]. - Cash outflow from investment activities totaled 6,933,595,112.80 in the first three quarters of 2025, compared to 2,742,051,431.95 in the same period of 2024, indicating a substantial increase in investment spending[34]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 68.68 billion, an increase of 7.03% compared to the end of the previous year[8]. - The total liabilities as of September 30, 2025, amounted to ¥47.54 billion, an increase of 7.5% from ¥44.32 billion at the end of 2024[26]. - Total current liabilities reached RMB 29.64 billion, up from RMB 25.74 billion, marking an increase of around 15%[25]. - Long-term borrowings decreased slightly to RMB 14.29 billion from RMB 15.19 billion, a decline of about 6%[25]. Shareholder Information - The company reported a total of 12,664,015 shares repurchased, accounting for 0.91% of the circulating shares[21]. - The top shareholder, Joyson Group Co., Ltd., holds a 37.31% stake in the company, with no shares under pledge or freeze[21]. Research and Development - Research and development expenses increased to ¥2.56 billion in 2025, representing a 44.3% rise compared to ¥1.77 billion in 2024[29]. Future Outlook - The company plans to continue enhancing its core competitiveness and expanding new business orders, particularly in the fields of smart driving and technology innovation[12].

寧波均勝電子股份有限公司 Ningbo Joyson Electronic Corp. （於中華人民共和國註冊成立的股份有限公司） 股份代號 : 0 6 9 9 全球發售 聯席保薦人、整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 （按英文字母順序排序） 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席賬簿管理人及聯席牽頭經辦人 獨家財務顧問 重要提示 重要提示：倘 閣下對本招股章程的任何內容有任何疑問，應諮詢獨立專業意見。 NINGBO JOYSON ELECTRONIC CORP. 寧波均勝電子股份有限公司 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 （於中華人民共和國註冊成立的股份有限公司） 全球發售 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 | 全球發售項下的發售股份數目 | ： | 155,100,000股H股（視乎發售量調整權 | | --- | --- | --- | | | | 及超額配股權行使與否而定） | | 香港發售股份數目 | ： | 15,510,000股H股（可予重新分配以及視 | | ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 除本公告另有界定者外，本公告所用詞彙與寧波均勝電子股份有限公司（「本公司」）日期為2025 年10月28日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告僅作說明用途，並不構成收購、購買或認購任何證券的邀請或要約。本公告並非招股章 程。有意投資者於決定是否投資於發售股份前應閱覽招股章程，以獲得有關下文所述全球發售 的詳細資料。任何有關發售股份的投資決定應僅依賴招股章程所載資料作出。 本公告不會直接或間接於或向美國（包括美國的領土及屬地、美國任何州以及哥倫比亞特區或 任何其他法律禁止此類發佈的司法管轄區內）發佈、刊發或派發。本公告並不構成亦不屬於在 美國境內或於任何其他司法管轄區購買或認購證券的任何要約或招攬的一部分。本公告所述證 券並無亦不會根據《1933年美國證券法》（經不時修訂）（「美國證券法」）或美國任何州或其他司 法管轄區的證券法登記。 ...