As filed with the U.S. Securities and Exchange Commission on October 23, 2025. Registration No. 333-290821 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ SONIC LIGHTING, INC. (Exact Name of Registrant as Specified in its Charter) _____________________________________ | Nevada | 5010 | 33-4774630 | | --- | --- | --- | | (State or Other Jurisdiction of | (Primary S ...

Core Insights - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns [1] - Identifying a growth stock that can fulfill its potential is challenging due to inherent risks and volatility associated with such investments [1] Company Overview - Aptiv PLC (APTV) is highlighted as a recommended growth stock due to its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 32.7%, with projected EPS growth of 20.7% this year, surpassing the industry average of 15.1% [4] Earnings Growth - Earnings growth is crucial for investors, with double-digit growth being a strong indicator of a company's prospects [3] - APTIV's projected EPS growth of 20.7% this year positions it favorably compared to industry standards [4] Cash Flow Growth - APTIV's year-over-year cash flow growth stands at 12.5%, significantly higher than the industry average of -8.6% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 5.7%, compared to the industry average of 1.8% [6] Earnings Estimate Revisions - Positive trends in earnings estimate revisions are correlated with stock price movements, and APTIV has seen a 1.4% increase in current-year earnings estimates over the past month [7] Conclusion - APTIV holds a Growth Score of A and a Zacks Rank of 2, indicating strong potential for outperformance in the growth stock category [9]

Core Insights - Genuine Parts Company (GPC) shares increased approximately 2% following the release of third-quarter results, which showed revenue surpassing analyst expectations, although earnings slightly fell short [1] Financial Performance - The company reported adjusted earnings of $1.98 per share, slightly below the consensus estimate of $2.01 [1] - Total revenue reached $6.26 billion, exceeding expectations of $6.12 billion and reflecting a 4.9% increase compared to the same quarter last year [1] Segment Performance - Sales in the Automotive Parts Group rose 5% to $4.0 billion, driven by a 1.6% increase in comparable sales, a 2.3% contribution from acquisitions, and a 1.1% positive impact from foreign currency [2] - The Industrial Parts Group experienced a 4.6% growth, reaching $2.3 billion [2] Future Outlook - For the full year 2025, the company raised its total sales growth forecast to 3–4% from the previous range of 1–3%, while narrowing its adjusted EPS outlook to $7.50–$7.75 from $7.50–$8.00 [2] Strategic Focus - Management emphasized a commitment to disciplined cost management and strategic expansion in key markets [3]

Core Viewpoint - The recent default of First Brands Group does not indicate increased risk for the traditional direct lending market, according to Fitch Ratings [1] Group 1: Debt Exposure and Market Impact - First Brands' debt is primarily linked to broadly syndicated loans (BSL), not direct lending, with the BSL market having greater exposure to the company's restructuring [2] - The median exposure across 330 Fitch-rated reinvesting U.S. BSL CLOs was 0.4%, increasing to 0.9% for 48 CLOs that completed their reinvestment periods [2] Group 2: Bankruptcy and Liabilities - At the time of bankruptcy, First Brands had nearly USD 5 billion in first-lien term loans and over USD 500 million in second-lien term loans, underwritten and syndicated by investment banks [3] - Traditional direct lending typically involves private negotiations without intermediaries, contrasting with First Brands' situation [3] Group 3: Loan Classification - A USD 250 million loan issued earlier this year should be classified as a private placement of a broadly syndicated loan rather than a private credit facility [4] - First Brands' status as a private company does not change the classification of its debt as syndicated [4] Group 4: Financial Strain Factors - Fitch attributed First Brands' financial difficulties to extensive off-balance sheet financing, including receivables factoring and inventory reverse-factoring [5] - These liabilities differ from traditional direct lending, which is typically on-balance sheet and secured by first-ranking claims over borrower assets [5] Group 5: Default Rates and Future Outlook - The private credit default rate was 5.2% in August, unchanged from the previous month but up from 4.6% in December 2024 [6] - Fitch anticipates that easing interest rates may reduce cash flow pressure on private issuers, potentially leading to lower default rates in future periods [6]

Core Insights - Genuine Parts Company (GPC) reported third-quarter 2025 adjusted earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.02, but showing an increase from $1.88 per share in the same quarter last year [1][10] - The company achieved net sales of $6.26 billion, exceeding the Zacks Consensus Estimate of $6.13 billion, and reflecting a 5% year-over-year growth driven by comparable sales, acquisitions, and favorable forex impacts [2][10] Segmental Performance - The Automotive segment's net sales reached $4 billion, a 5% increase year over year, surpassing the estimate of $3.87 billion, with comparable sales growing 1.6% and EBITDA increasing 5.9% to $335 million, resulting in an EBITDA margin of 8.4% [3] - The Industrial Parts segment reported net sales of $2.3 billion, up 4.6% year over year, exceeding the estimate of $2.24 billion, with comparable sales rising 3.7% and EBITDA growing 6.6% to $285 million, achieving a margin of 12.6% [4] Financial Performance - As of September 30, 2025, the company had cash and cash equivalents of $431 million, down from $480 million at the end of 2024, with long-term debt standing at $3.75 billion [5] 2025 Guidance - Genuine Parts raised its overall sales growth expectation for 2025 to 3-4% from the previous 1-3%, with automotive sales anticipated to grow 4-5% compared to the earlier forecast of 1.5-3.5%, and industrial sales growth expectations increased to 2-3% from 1-3% [6] - The company now projects adjusted earnings per share between $7.50 and $7.75, maintaining the operating cash flow guidance of $1.1-$1.3 billion and free cash flow projection of $700-$900 million [7] Zacks Rank & Other Key Picks - Genuine Parts currently holds a Zacks Rank 2 (Buy), with other notable stocks in the automotive sector including BRP Inc., Mobileye Global Inc., and Autoliv Inc., with BRP and Mobileye holding a Zacks Rank 1 (Strong Buy) [8]

Core Insights - LKQ Corporation has partnered with Ecobility Services GmbH to implement a large-scale rooftop solar power system at its logistics centers in Germany, marking a significant step in its sustainability strategy [1][4] - The solar system will cover over 12,000 square meters, featuring more than 6,000 photovoltaic modules, and is expected to generate approximately 2.7 gigawatt hours of electricity annually, meeting up to 50% of the site's energy demand [2][3] - The initiative is projected to save up to 1,000 metric tonnes of greenhouse gas emissions per year compared to conventional grid electricity [2] Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for automobiles, with operations in North America, Europe, and Taiwan, offering a wide range of recycled and aftermarket parts [5] - Ecobility Services GmbH specializes in sustainability-focused services aimed at improving energy efficiency and reducing carbon emissions in commercial and industrial operations [6] Project Details - The project will be executed through a 20-year Power Purchase Agreement (PPA), with installation expected to begin in October and be completed by mid-2026 [1][3] - Ecobility Services GmbH will manage the planning, installation, operation, and maintenance of the solar system throughout the agreement's duration [3] - This initiative is part of LKQ's broader roadmap to reduce greenhouse gas emissions, which includes energy optimization, transitioning to electric fleets, and adopting circular economy practices [4]

Financial Data and Key Metrics Changes - Total GPC sales for Q3 2025 were $6.3 billion, reflecting a 5% increase year-over-year, with adjusted EBITDA up 10% [4][5] - Adjusted diluted earnings per share were $1.98, a 5% increase from the same period last year [5][22] - Gross margin expanded by 60 basis points to 37.4% compared to the previous year [4][24] Business Segment Performance - Global industrial sales reached $2.3 billion, up approximately 5% year-over-year, with comparable sales growth of about 4% [7][10] - The automotive segment saw sales increase by approximately 5%, with comparable sales growth of about 2% [10][11] - Motion's core MRO and maintenance business, accounting for 80% of Motion sales, was up mid-single digits during the quarter [9] Market Performance - Growth was observed in seven out of fourteen end markets, with notable strength in iron and steel, food products, and fabricated metals [8] - European market conditions remained soft, with total sales flat in local currency and comparable sales down approximately 2% [16] - The Asia-Pacific region experienced double-digit growth in local currency, driven by both organic initiatives and acquisitions [17] Company Strategy and Industry Competition - The company is focused on strategic pricing, sourcing initiatives, and acquisitions to enhance gross margins [4][24] - An operational and strategic review is ongoing, with updates expected in 2026, aimed at differentiating in an evolving landscape [18][19] - The company is actively managing the tariff environment and leveraging supplier partnerships to mitigate cost impacts [6][23] Management's Comments on Operating Environment and Future Outlook - Management noted that end markets remain muted, particularly in Europe, with challenges including tariffs, trade uncertainties, and elevated interest rates [6][22] - The company is narrowing its guidance for 2025, expecting diluted earnings per share in the range of $6.55 - $6.80, and adjusted diluted EPS of $7.50 - $7.75 [29][30] - Management expressed confidence in the fundamentals of the business and the potential for growth despite current market conditions [20][34] Other Important Information - The company has invested approximately $350 million in CapEx for supply chain modernization and IT improvements [28] - A definitive agreement has been signed to acquire Benson Auto Parts, enhancing the company's footprint in Canada [15][16] - The company expects to generate cash from operations in the range of $1.1 billion - $1.3 billion and free cash flow of $700 million - $900 million [33] Q&A Session Summary Question: What accounts for the expected moderation in gross margins for Q4? - Management indicated that the moderation is primarily due to the lapping of acquisition benefits and ongoing cost pressures from tariffs [36] Question: What are the benefits of having the businesses together? - Management highlighted meaningful benefits from operating as one entity, including improved sales effectiveness and technology investments [37][38] Question: What is the same SKU inflation in U.S. NAPA? - Management noted that the benefit to U.S. automotive is around 2.5%, with expectations for slight net benefits in Q4 [44] Question: Are independent owners losing market share? - Management stated that independent owners are managing inventory levels effectively and are not losing market share [67] Question: How should the fourth quarter outlook inform expectations for 2026? - Management refrained from providing specific guidance for 2026 but indicated that improvements in SG&A and gross margins are expected to continue [90]

Financial Data and Key Metrics Changes - Total sales for Genuine Parts Company (GPC) in Q3 2025 were $6.3 billion, reflecting a 5% increase year-over-year, with adjusted EBITDA up 10% [5][6][21] - Adjusted diluted earnings per share (EPS) reached $1.98, a 5% increase from the same period last year [6][21] - Gross margin expanded by 60 basis points to 37.4%, driven by strategic pricing and sourcing initiatives [5][24] Business Segment Data and Key Metrics Changes - Global industrial sales were $2.3 billion, up approximately 5% year-over-year, with comparable sales growth of about 4% [7][11] - The automotive segment saw sales increase by approximately 5%, with comparable sales growth of about 2% [11][12] - Motion's core MRO and maintenance business, accounting for 80% of Motion sales, was up mid-single digits during the quarter [10] Market Data and Key Metrics Changes - Growth was observed in seven out of fourteen end markets, up from five in the previous quarter, with notable strength in iron and steel, food products, and fabricated metals [9] - European market conditions remained soft, with total sales flat in local currency and comparable sales down approximately 2% [16] - The Asia-Pacific region experienced double-digit growth in local currency, with total sales increasing approximately 10% [17] Company Strategy and Development Direction - The company is focused on operational and strategic reviews to enhance differentiation in a changing landscape, with updates expected in 2026 [18][19] - GPC is actively managing the business to offset inflationary pressures and is committed to strategic acquisitions, such as the planned acquisition of Benson Auto Parts in Canada [15][27] - The company aims to leverage its size and scale to enhance procurement and operational efficiencies [48] Management's Comments on Operating Environment and Future Outlook - Management noted that end markets remain muted, particularly in Europe, but expressed confidence in the company's resilience and adaptability [6][19] - The outlook for 2025 was updated, expecting diluted EPS in the range of $6.55 to $6.80, with adjusted diluted EPS between $7.50 and $7.75 [28][30] - The company anticipates continued earnings growth in Q4, despite a more cautious market environment [34] Other Important Information - The company generated approximately $510 million in cash from operations and $160 million of free cash flow in the first nine months of 2025 [26] - GPC has returned $421 million to shareholders through dividends year-to-date [28] - The company expects to incur restructuring expenses in the range of $180 million to $210 million for 2025 [32] Q&A Session Summary Question: What accounts for the expected moderation in gross margins for Q4? - Management indicated that the moderation is primarily due to the lapping of acquisition benefits and ongoing cost pressures [36][37] Question: What are the benefits of having the businesses together? - Management highlighted meaningful benefits from integration, including improved sales effectiveness and technology investments [38][39] Question: What was the same SKU inflation in U.S. NAPA? - Management noted that the inflation impact is around 2.5% for U.S. automotive and slightly higher for Motion, with expectations for continued low single-digit benefits [43][44] Question: How is the company managing inventory levels with independent owners? - Management emphasized ongoing support for independent owners to optimize inventory and cash flow management [57][68] Question: What is the outlook for inflation and its impact on pricing? - Management expects inflation to remain in the 2% to 3% range, with a balanced approach to passing along price increases [72][75] Question: How should the fourth quarter outlook inform expectations for 2026? - Management refrained from providing specific guidance for 2026 but indicated that strong momentum and cost management efforts would continue to support growth [85][86]

Core Insights - Genuine Parts Company reported third-quarter results that met expectations, highlighting effective cost management in an inflationary environment and commitment to customer service [2][11] - The company achieved sales of $6.3 billion, a 4.9% increase from $6.0 billion in the same period last year, driven by comparable sales growth, acquisitions, and favorable foreign currency impacts [2][3][4] Financial Performance - Net income for the third quarter was $226 million, slightly down from $227 million in the prior year, with diluted earnings per share remaining stable at $1.62 [3][4] - Adjusted net income was $276 million, reflecting a 5.3% increase in adjusted diluted earnings per share to $1.98 compared to $1.88 in the same period last year [4][13] - For the nine months ended September 30, 2025, total sales reached $18.3 billion, up 3.2% from the previous year, while net income decreased to $675 million from $771 million [7][8] Segment Performance - The Automotive Parts Group reported global sales of $4.0 billion, a 5.0% increase, with segment EBITDA rising 5.9% to $335 million and an EBITDA margin of 8.4% [5] - The Industrial Parts Group saw sales of $2.3 billion, up 4.6%, with segment EBITDA increasing 6.6% to $285 million and an EBITDA margin of 12.6% [6] Cash Flow and Capital Allocation - The company generated $511 million in cash flow from operations for the first nine months of 2025, with a free cash flow of $160 million [8][27] - Net cash used in investing activities totaled $488 million, including $350 million for capital expenditures and $182 million for acquisitions [8] Balance Sheet - As of September 30, 2025, the company had $431 million in cash and cash equivalents, along with $1.1 billion in undrawn capacity on its Revolving Credit Agreement [9] 2025 Outlook - The company updated its full-year 2025 guidance, projecting total sales growth of 3% to 4%, up from the previous estimate of 1% to 3%, and adjusted diluted earnings per share of $7.50 to $7.75 [10][12][13]

Core Viewpoint - China Automotive Systems, Inc. (CAAS) has launched an active rear-wheel steering system through its subsidiary, Jingzhou Henglong, aimed at enhancing driving experience in upper mass-market vehicles, particularly in the new energy vehicle segment priced around RMB 200,000 [1][7]. Group 1: Product Innovation - The active rear-wheel steering system utilizes a ball screw and nut mechanism, integrating vehicle speed and steering wheel angle to control rear wheel steering [2]. - At speeds below 60 km/h, the rear wheels steer in the opposite direction to the front wheels, effectively reducing the turning radius [3]. - At speeds above 60 km/h, the rear wheels steer in the same direction as the front wheels, improving vehicle stability and handling during high-speed maneuvers [4]. Group 2: Production and Market Position - Jingzhou Henglong has established a dedicated production line for the active rear-wheel steering system and has developed systems for multiple OEM models, emphasizing flexible steering and vehicle stability [5]. - The company showcased its technologies at the 2025 Shanghai Auto Show, demonstrating performance and reliability, which garnered significant industry attention and fostered deeper relationships with mainstream OEMs [6]. Group 3: Market Context - China has become the world's largest electric vehicle market, with EVs constituting approximately 50% of all new automobile sales, positioning CAAS to enhance its Advanced Driver Assistance Systems (ADAS) capabilities [7]. - The innovative steering system employs two independent motors for precise control of the rear wheel steering angle, differentiating it from conventional systems [7]. Group 4: Company Overview - CAAS is a leading supplier of power steering components and systems in China, operating through sixteen joint ventures and wholly owned subsidiaries, with an annual production capacity exceeding 8 million sets of steering gears, columns, and hoses [8]. - The company's customer base includes major automotive manufacturers in China and North America, such as China FAW Group, Dongfeng Auto Group, BYD, and Stellantis [8].