NJEC(SH:600699) Quan Jing Wang·2025-08-09 01:48Group 1 - Company Ningbo Joyson Electronic Corp. is launching an H-share listing plan on the Hong Kong Stock Exchange to enhance its "A+H" dual capital platform and accelerate its global strategy in the smart automotive technology sector [1] - Joyson ranks as the 41st largest automotive parts company globally, showcasing strong competitiveness in core areas, with a 22.9% global market share in automotive passive safety products, ranking second worldwide and second in China with a 26.1% share [2] - The company has a comprehensive customer network covering over 100 global automotive brands, including the top ten domestic and international manufacturers, serving clients with a market share exceeding 90% [2] Group 2 - Joyson's core competitiveness lies in its multi-dimensional synergy, supported by a global operational network across 25 countries and regions, with 25 R&D centers and 60 production bases, achieving 74.7% of overseas sales revenue in 2024 [2] - The company is recognized for its outstanding vertical integration capabilities in hardware and software, being one of the first to commercialize 5G-V2X technology and 800V high-voltage platform products, with R&D investment reaching 3.686 billion yuan in 2024 [2] - Joyson's product matrix spans automotive electronics and safety, covering key automotive domains such as cockpit, intelligent driving, and connectivity, creating a complementary solution system [3] Group 3 - The company has a clear strategic path for the future, with fundraising from the IPO aimed at developing smart automotive solutions, upgrading production capacity, expanding overseas markets, and pursuing strategic acquisitions [3] - The Hong Kong listing is expected to inject new momentum into Joyson, broadening financing channels and enhancing international brand influence to attract global capital attention [3] - With strong technological accumulation, global layout, and clear strategic planning, Joyson is poised to seize opportunities in the transformation of the smart automotive industry and continue leading industry development [3]