NJEC(SH:600699) 智通财经网·2025-08-07 12:33Core Viewpoint - Junsheng Electronics is positioned as a leading provider of smart automotive technology solutions, focusing on advanced products and solutions in key areas of the automotive parts industry, particularly automotive electronics and safety [2][4]. Company Overview - Junsheng Electronics ranks 41st in the global automotive parts industry as of 2024 and is the second-largest supplier of passive safety products in China and globally by revenue [2]. - The company has established a highly globalized platform with over 25 R&D centers and more than 60 production bases worldwide, covering major automotive markets in Asia, Europe, and North America [4]. Market Trends - The global automotive industry is undergoing a transformation driven by the trends of electrification and smart technology, with a significant rise in new energy vehicle brands leveraging innovative technologies [4]. - Global sales of new energy vehicles are projected to increase from 33.2 million units in 2020 to 19 million units in 2024, with expectations to further rise to 34.3 million units by 2029, reflecting a compound annual growth rate (CAGR) of 14.9% [4]. Customer Base - As of April 30, 2025, Junsheng Electronics serves over 100 global automotive brands, including the top ten automakers in China and worldwide [4]. Financial Performance - For the four months ending April 30, 2025, Junsheng Electronics reported revenue of approximately 19.71 billion RMB and a profit of about 490.53 million RMB [5]. - The company's revenue for the years 2022, 2023, and 2024 was approximately 49.79 billion RMB, 55.73 billion RMB, and 55.86 billion RMB, respectively, with profits of 233.26 million RMB, 1.24 billion RMB, and 1.33 billion RMB for the same years [6].