NJEC(SH:600699) Chang Jiang Shang Bao·2025-07-13 23:18Core Viewpoint - Junsheng Electronics is advancing its Hong Kong IPO and aims for a dual listing ("A+H") while its founder Wang Jianfeng and several executives have increased their holdings in the company, indicating confidence in its future prospects [2][8]. Group 1: Company Background - Junsheng Electronics, founded by Wang Jianfeng, has become a leading supplier in the automotive electronics sector and the second-largest automotive safety supplier globally [2][4]. - Wang Jianfeng's entrepreneurial journey began in the automotive parts industry after transitioning from an art background, showcasing his adaptability and strategic vision [3][4]. Group 2: Recent Developments - The company's major shareholders, including Wang Jianfeng, have collectively invested approximately 3.31 million yuan in share buybacks, with the plan already over halfway implemented [8]. - Junsheng Electronics is currently undergoing a significant transformation, including the acquisition of ShanShan Co., which has allowed it to become the controlling shareholder [6][7]. Group 3: Financial Performance - In 2023, Junsheng Electronics reported a revenue of 55.86 billion yuan, remaining stable compared to 2024, while the net profit attributable to shareholders decreased by 11.33% to 960 million yuan [6][7]. - The company faced challenges with the acquisition of KSS, leading to a substantial goodwill impairment of approximately 2.02 billion yuan in 2021 [6].