NJEC(SH:600699) Zhi Tong Cai Jing·2025-08-07 12:32Core Insights - Junsheng Electronics is a 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] - The company ranks 41st globally in the automotive parts industry by 2024 and is the second-largest supplier of passive safety products in China and globally by revenue [2] Market Position and Global Strategy - Junsheng Electronics 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 as of April 30, 2025 [4] - The company's overseas sales accounted for 74.7% of total revenue in 2024, demonstrating the effectiveness of its globalization strategy [4] - The rise of smart and electric vehicles is pushing the global automotive industry into a new era, with the global sales of new energy vehicles expected to increase from 33.2 million in 2020 to 19 million in 2024, and further to 40.7 million by 2029, reflecting a compound annual growth rate of 14.9% [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 were 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]