NJEC(SH:600699) Sou Hu Cai Jing·2025-11-07 12:50Core Viewpoint - Junsheng Electronics has officially listed on the Hong Kong Stock Exchange, marking a new milestone as the first company from Ningbo to achieve dual listing in A+H shares, raising over HKD 3.4 billion through the issuance of approximately 155 million H-shares at HKD 22 per share [1][2] Group 1: Company Overview - Established in 2004, Junsheng Electronics is a leading provider of intelligent automotive technology solutions, focusing on automotive electronics and safety, covering various domains such as cockpit, intelligent driving, connectivity, power, and body [1][4] - According to a Frost & Sullivan report, Junsheng ranks 41st among the top 100 global automotive parts suppliers and is the second largest intelligent cockpit domain control system supplier in China and the fourth globally, as well as the second largest automotive passive safety supplier worldwide [1][4] Group 2: Fundraising and Utilization - The funds raised from the Hong Kong listing will be allocated to the development and commercialization of automotive intelligent solutions and cutting-edge technologies, upgrading smart manufacturing, optimizing the supply chain, expanding overseas business, and potential investments and acquisitions [2][4] Group 3: Research and Development - Junsheng has invested over RMB 3 billion annually in R&D, employing over 6,300 R&D personnel, which constitutes 13.3% of its total workforce, positioning the company at the forefront of the industry [4] - The company has achieved significant breakthroughs in intelligent driving assistance and intelligent cockpit multi-screen technology, with total new order amounts reaching approximately RMB 71.4 billion in the first three quarters of this year, including a record high of RMB 40.2 billion in the third quarter [4] Group 4: Strategic Positioning - The company has redefined its positioning as "Automotive + Robotics Tier 1," leveraging its automotive R&D and manufacturing experience to expand into the embodied intelligent robotics sector, establishing a complete product solution for robotic components [7][9] - Junsheng has implemented a "Local for Local" global layout strategy, with over 25 R&D centers and 60 production bases across major automotive production and sales regions in Asia, Europe, and North America, serving over 100 global automotive brands [7][9]