NJEC(SH:600699) Quan Jing Wang·2025-10-20 01:28Group 1 - The core value of Junsheng Electronics' Hong Kong listing is to establish a dual capital platform to overcome growth bottlenecks, with a planned issuance of up to 283 million overseas ordinary shares [1] - The company aims to invest 3.7 billion yuan in R&D in 2024, with over 24 billion yuan accumulated in the past five years, leveraging the Hong Kong market's valuation recognition for technology and manufacturing enterprises [1] - The fundraising will focus on the development of next-generation automotive intelligent solutions, smart manufacturing upgrades, and overseas acquisitions, directly aligning with the trends of smart electrification and embodied intelligence [1] Group 2 - Junsheng Electronics' automotive safety solutions hold a 30% global market share, ranking second globally, with over 66% of new orders in the first half of 2025 coming from new energy [2] - The company has established a "Local for Local" system with over 25 R&D centers and 60 production bases globally, with overseas revenue expected to account for 74.7% in 2024, effectively mitigating regional market fluctuations [2] - Financial data indicates a 12% year-on-year revenue increase to 30.347 billion yuan and an 11.13% net profit increase to 700 million yuan in the first half of 2025, with improving gross margins and strong operating cash flow supporting global expansion [2]