NJEC(SH:600699) Zheng Quan Shi Bao Wang·2025-12-04 04:13Core Viewpoint - Junsheng Electronics has completed its IPO in Hong Kong and is set to enhance its stock liquidity through inclusion in the Hong Kong Stock Connect program, effective December 4, 2025 [1] Group 1: IPO and Market Position - Junsheng Electronics listed on the Hong Kong Stock Exchange on November 6, raising approximately HKD 34.12 billion through the issuance of 155.1 million shares at HKD 22.00 each, representing 10% of total shares post-IPO [1][2] - The company has attracted seven cornerstone investors who collectively subscribed to 37.82 million shares, amounting to approximately USD 107 million [2] Group 2: Business Overview - Established in 2004, Junsheng Electronics is a leading provider of smart automotive technology solutions, focusing on automotive electronics and safety across various domains including cockpit, intelligent driving, connectivity, power, and body [2] - The company plans to upgrade its positioning to "Automotive + Robotics Tier 1" by 2025, expanding its R&D and manufacturing expertise from the automotive sector to robotics [2] Group 3: Financial Performance - For the first nine months of 2024, Junsheng Electronics reported revenues of RMB 411.35 billion, with net profits of RMB 12.63 billion, reflecting significant growth compared to previous years [3] - In Q3 2025, the company achieved a revenue of RMB 154.97 billion, a year-on-year increase of 10.25%, and a net profit of RMB 4.13 billion, up 35.40% year-on-year [3] - The total new orders received in the first three quarters of 2025 amounted to approximately RMB 714 billion, with Q3 alone contributing RMB 402 billion, marking a record for quarterly orders [3]