Core Points - Junsheng Electronics successfully listed on the Hong Kong Stock Exchange on November 6, 2025, raising approximately HKD 34.12 billion through an IPO of 155.1 million shares priced at HKD 22.00 each [2][3] - The IPO was highly oversubscribed, with a public offering receiving 147.67 times subscription and the international offering receiving 9.78 times subscription [3] - The company is recognized as the second-largest provider of automotive passive safety products in China and globally, focusing on advanced automotive electronic and safety solutions [3] Company Overview - Junsheng Electronics was established in 2004 and specializes in the research, manufacturing, and sales of automotive components, particularly in automotive electronics and safety [3] - The company ranks 41st in the global automotive parts industry as of 2024 [3] Shareholder Structure - Post-IPO, the major shareholder is Mr. Wang Jianfeng, holding a total of 35.86% of shares, while other A-shareholders hold 54.14% and H-shareholders hold 10.00% [3] Market Performance - As of midday trading, Junsheng Electronics' share price was HKD 20.42, down 7.18% from the IPO price, with a total market capitalization of approximately HKD 316.67 billion [4] IPO Underwriters - The IPO was managed by a team including CICC and UBS as joint sponsors, along with several other financial institutions providing various underwriting and advisory services [5]