NJEC(SH:600699) Quan Jing Wang·2025-10-28 08:25Core Viewpoint - Junsheng Electronics officially launched its Hong Kong IPO on October 28, with plans to list on the Hong Kong Stock Exchange under the stock code "0699" on November 6, aiming to become a dual-listed "automotive + robotics Tier 1" leader in both A-share and H-share markets [1] Group 1: IPO Details - The global issuance scale for Junsheng Electronics is set at 155 million H-shares, with 15.51 million H-shares available for public offering in Hong Kong and approximately 140 million H-shares for international offering, subject to adjustments based on demand and over-allotment options [1] - The maximum offer price is set at HKD 23.60 per share [1] Group 2: Company Overview - Established in 2004, Junsheng Electronics focuses on automotive electronics and safety, providing cross-domain solutions for OEM clients across key automotive domains including cockpit, intelligent driving, connectivity, power, and body [1] - By 2024 revenue projections, Junsheng Electronics ranks 41st among global automotive parts companies, is the second largest in China, and the fourth largest globally in intelligent cockpit domain control systems, as well as the second largest in the automotive passive safety sector [1] Group 3: Use of Proceeds - The funds raised from the IPO will be allocated towards the development and commercialization of automotive intelligent solutions and cutting-edge technologies, upgrading smart manufacturing, optimizing the supply chain, expanding overseas operations, and potential investments and acquisitions [2]