NJEC(SH:600699) Quan Jing Wang·2025-11-06 02:29Group 1 - The core viewpoint of the news is that Junsheng Electronics has officially listed on the Hong Kong Stock Exchange, marking a new phase in its global development [1] - The company issued approximately 155 million H-shares at a price of HKD 22 per share, raising a total of HKD 3.41 billion (approximately USD 439 million) [1] - The retail portion of the shares was oversubscribed by 147.67 times, while the international offering was oversubscribed by 9.78 times [1] Group 2 - The funds raised from the IPO will be used for the development and commercialization of automotive intelligent solutions and cutting-edge technologies, smart manufacturing upgrades, supply chain optimization, overseas business expansion, and potential investments and acquisitions [1] - Junsheng Electronics has invested over CNY 3 billion annually in R&D over the past few years, employing over 6,300 R&D personnel, which accounts for 13.3% of its total workforce [1] - The company has established a collaborative innovation network and a comprehensive software and hardware R&D platform to provide cross-domain products and strong technical services to global customers [1] Group 3 - Due to sustained high-intensity R&D investment, Junsheng Electronics has made continuous breakthroughs in automotive intelligence fields such as intelligent assisted driving and multi-screen smart cockpits [2] - The total amount of new orders received in the first three quarters of 2025 reached approximately CNY 71.4 billion, with Q3 alone exceeding expectations at CNY 40.2 billion, marking a recent high [2] - In early 2025, the company upgraded its positioning to "Automotive + Robotics Tier 1," expanding its R&D and manufacturing experience from the automotive sector to the embodied intelligent robotics field [2]