Core Insights - HwaHsing Capital has solidified its leading position as the preferred investment banking partner for new economy enterprises in China [2][4] Company Overview - Ningbo Joyson Electronic Corp, a leader in smart automotive technology solutions, officially listed on the Hong Kong Stock Exchange on November 6, with a base issuance scale of approximately $439 million, potentially reaching up to $505 million if the over-allotment option is fully exercised [2] - Joyson Electronic focuses on the research, manufacturing, and sales of automotive components, ranking 41st globally in the automotive parts industry by revenue in 2024, and is the second-largest supplier of passive safety products in China and globally [2] Investment Banking Role - HwaHsing Capital's Hong Kong and U.S. stock team played a crucial role in successfully introducing multiple orders for Joyson Electronic, supporting the smooth completion of the issuance [3] - HwaHsing Capital's involvement as a joint bookrunner further demonstrates its comprehensive strength as a reliable capital market partner for global new economy enterprises [4] Industry Trends - The automotive industry's trends of electrification and intelligence are reshaping the global landscape, with Joyson Electronic positioned as a key player in the automotive supply chain due to its deep expertise in safety systems and electronics [4] - Joyson Electronic aims to establish itself as a "Tier 1" player in the automotive and robotics sectors, planning to create the largest real industrial scene for embodied intelligent data space, promoting innovation in robotics technology [4]

Core Viewpoint - Ningbo Joyson Electronic Corp. is set to list on the Hong Kong Stock Exchange, with CICC and UBS acting as joint sponsors, highlighting the company's growth potential in the automotive technology sector [1][3]. Company Overview - Joyson Electronic is a provider of smart automotive technology solutions, focusing on advanced products and solutions in key areas of the automotive parts industry, particularly automotive electronics and safety [3]. - The company ranks 41st globally in the automotive parts industry and is the second-largest supplier of passive safety products in China and worldwide, according to Frost & Sullivan [3]. Market Trends - The global sales of new energy vehicles are projected to surge from 3.2 million units in 2020 to 19 million units by 2024, with a compound annual growth rate (CAGR) of 14.9% expected through 2029 [4]. - This trend presents both opportunities and challenges for traditional automakers, driving them to adopt new technologies and solutions, which in turn benefits Joyson Electronic [4]. Operational Footprint - Joyson Electronic has established over 25 R&D centers and more than 60 production bases in China and overseas, covering major automotive markets in Asia, Europe, and North America [4]. - As of April 30, 2025, the company's overseas sales are expected to account for 74.7% of total revenue, reflecting its strong international presence [4]. Client Network - The company boasts a robust global customer network, with relationships dating back over a century with several clients [4]. - Joyson Electronic serves over 100 global automotive brands, including the top ten automakers in China and worldwide [4]. Financial Performance - For the fiscal years ending December 31 and the four months ending April 30, the company reported revenues of approximately RMB 49.79 billion, RMB 55.73 billion, RMB 55.86 billion, and RMB 19.71 billion, respectively [5][7]. - Profits for the same periods were approximately RMB 2.33 billion, RMB 12.40 billion, RMB 13.26 billion, and RMB 490 million, respectively [5][7].

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Ningbo Joyson Electronic Corp's overseas issuance and listing application, allowing the company to issue up to 283,239,000 ordinary shares for listing on the Hong Kong Stock Exchange [1] - Joyson Electronics is a provider of intelligent automotive technology solutions, focusing on the research, manufacturing, and sales of automotive parts [4] - The company ranks 41st globally in the automotive parts industry in 2024 and is the second-largest supplier of automotive passive safety products in China and globally by revenue, according to Frost & Sullivan [4]