Core Viewpoint - Company is a global provider of intelligent automotive technology solutions and is seeking to raise funds through a second listing in Hong Kong to enhance its operational capabilities and market presence [2][3]. Financial Performance - Company reported revenues of 49.793 billion, 55.728 billion, 55.864 billion, and 19.707 billion for the years 2022, 2023, 2024, and the first four months of 2025, respectively, with net profits of 2.33 billion, 12.4 billion, 13.26 billion, and 4.91 billion during the same periods [3]. - Revenue from automotive safety solutions, including seat belts, airbags, and smart steering wheels, accounted for 69.1%, 69.2%, 69.2%, and 62.6% of total revenue for the years 2022, 2023, 2024, and the first four months of 2025, respectively [3]. Debt and Liabilities - Company’s total liabilities were 36.41 billion, 37.76 billion, 44.32 billion, and 46.8 billion at the end of 2022, 2023, 2024, and April 2025, with debt-to-asset ratios of 67.3%, 66.4%, 69.1%, and 69.8% [4]. - Interest expenses on interest-bearing debt were 0.932 billion, 1.121 billion, 1.13 billion, and 0.399 billion for the years 2022, 2023, 2024, and the first four months of 2025 [3][4]. Research and Development - Company’s R&D expenditures were 3.034 billion, 3.648 billion, 3.686 billion, and 1.574 billion for the years 2022, 2023, 2024, and the first four months of 2025 [6]. - Company aims to enhance its R&D capabilities to meet the evolving demands of customers in a highly competitive automotive industry [6]. Customer and Supplier Dynamics - Company generated revenue of 24.191 billion, 27.927 billion, 26.614 billion, and 21.303 billion from its top five customers, representing 48.6%, 50.1%, 47.6%, and 47.1% of total revenue for the respective periods [6]. - Company’s procurement from its top five suppliers amounted to 3.743 billion, 3.797 billion, 3.905 billion, and 1.218 billion, accounting for 8.9%, 8.4%, 8.3%, and 7.4% of total procurement [6].