NJEC(SH:600699) Quan Jing Wang·2025-11-05 01:17Core Viewpoint - Junsheng Electronics is set to list on the Hong Kong Stock Exchange at a price of HKD 22 per share, aiming to establish an "A+H" dual capital platform to support its global expansion and emerging robotics business [1] Group 1: IPO Details - The company plans to issue 155 million H-shares in its IPO, with 15.51 million shares available for public offering in Hong Kong and approximately 140 million shares for international sale, subject to adjustments [1] - The listing is scheduled for November 6, with the stock code "0699" [1] Group 2: Robotics Business Development - Junsheng Electronics has transitioned into the robotics sector this year, leveraging its automotive electronics expertise to implement a dual-track strategy of "automotive + robotics" [1] - The company has become a leading supplier of robotic modules, focusing on energy management and intelligent system integration [2] - The launch of the robotic universal controller, based on NVIDIA's high-performance chips, has significantly enhanced AI computing power [2] Group 3: Commercialization and Market Expansion - The robotics business has achieved substantial breakthroughs, including a strategic partnership with Zhiyuan Robotics to develop a "big and small brain" system, resulting in initial orders exceeding CNY 100 million [2] - Junsheng Electronics is expanding internationally, collaborating with Swiss company RIVR to provide customized robotic domain controllers and energy management solutions [2] - The company has moved from the R&D phase to large-scale commercialization with the production of the Zhiyuan Robotics G2 and the delivery of initial orders [2] Group 4: Future Growth Potential - Current revenue from the robotics business has reached the million level, with expectations for significant growth by 2026 as order volumes from major clients increase [3] - The International Federation of Robotics predicts that the global humanoid robot market will exceed USD 100 billion by 2030, with a compound annual growth rate of 35%, providing a favorable outlook for Junsheng Electronics' robotics business [3] - The "A+H" dual capital platform will enhance financing channels and attract global investors, positioning the company to capitalize on opportunities in the intelligent technology wave [3]