Core Viewpoint - Junsheng Electronics is set to accelerate value discovery and revaluation as it is expected to enter the Hong Kong Stock Connect list on December 4, attracting significant mainland capital due to its unique positioning in both the automotive and robotics sectors [1][9]. Group 1: Business Overview - Junsheng Electronics, established in 2004, initially focused on automotive components and has since expanded internationally through multiple acquisitions, establishing over 25 R&D centers and 60 production bases globally by April 30 this year [2]. - The company has successfully transitioned into the robotics sector, leveraging its automotive expertise to develop key components for humanoid robots, including controllers and sensors [4]. Group 2: Financial Performance - For the first three quarters of this year, Junsheng Electronics reported revenue of 45.844 billion, a year-on-year increase of 11.45%, with Q3 revenue reaching 15.497 billion, up 10.25% year-on-year [4]. - The overall gross margin improved by 2.7 percentage points to 18.3% for the first three quarters, with Q3 gross margin at 18.6%, reflecting ongoing enhancements in profitability [4][5]. Group 3: Business Segmentation - The automotive safety segment showed significant gross margin improvement, reaching approximately 16.4% for the first three quarters, up 2.4 percentage points year-on-year, with Q3 margin at 17.2% [5]. - New order acquisition has accelerated, with a total of 71.4 billion in new orders for the first three quarters, including 40.2 billion in Q3 alone, indicating strong demand across automotive safety and electronics [5]. Group 4: Strategic Positioning - Junsheng Electronics aims to cultivate long-term competitiveness globally by integrating its supply chain, production strategies, and R&D efforts, focusing on cost optimization and operational efficiency [8]. - The company is positioned as a Tier 1 supplier in both automotive and robotics sectors, leveraging synergies between the two fields to enhance its market presence and support global robotics companies [8]. Group 5: Market Outlook - With its upcoming inclusion in the Hong Kong Stock Connect, Junsheng Electronics is expected to attract more investors, improving liquidity and accelerating its value revaluation process [9].