NJEC(SH:600699) Zhi Tong Cai Jing·2025-10-17 01:20Group 1 - The core point of the news is that Ningbo Joyson Electronic Corp (referred to as Joyson) is set to launch its Hong Kong IPO on October 20, aiming for a transaction scale of approximately $400 to $500 million [1][4]. - Joyson has submitted its second application to the Hong Kong Stock Exchange on August 7, with China International Capital Corporation and UBS Group acting as joint sponsors [1]. - The IPO has already been filed with the China Securities Regulatory Commission [1]. Group 2 - Joyson is a provider of smart automotive technology solutions, focusing on advanced products and solutions in key areas of the automotive parts industry, primarily automotive electronics and safety [4]. - The company is ranked 41st in the global automotive parts industry for 2024 and is the second-largest supplier of passive safety products in China and globally, according to Frost & Sullivan [4]. - Joyson 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]. - The company's overseas sales accounted for 74.7% of total revenue in 2024, demonstrating the effectiveness of its globalization strategy [4]. - The funds raised from the IPO will be used to invest in next-generation automotive smart solutions and cutting-edge technology, enhance manufacturing capabilities, optimize supply chain management, and expand overseas market share [4]. Group 3 - On October 16, Zhiyuan Robotics launched the next-generation industrial interactive embodied robot, Zhiyuan Spirit G2, and initiated the first batch of deliveries under a procurement contract worth over 100 million yuan with Joyson [5]. - The initial deployment of Zhiyuan Spirit G2 will occur on Joyson's automotive parts production line, marking the implementation of interactive embodied intelligence technology in the automotive parts manufacturing sector [5].