Core Viewpoint - Ningbo Sunyu Intelligent Technology Co., Ltd. (referred to as Sunyu Intelligent) has submitted its listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities acting as joint sponsors [1] Group 1: Company Overview - Sunyu Intelligent is a global leader in automotive optical technology, focusing on providing in-vehicle camera solutions, including intelligent perception and smart cockpit solutions [4] - The company is one of the earliest providers of automotive-grade optical solutions and has led industry innovation, being among the first to commercialize 8MADAS/ADS camera products and develop 17MADAS camera products [4] - Sunyu Intelligent has a comprehensive product value chain capability, from optical components to system-level solutions, and is one of the few companies with the ability to independently develop and commercialize a full suite of automotive optical solutions [5] Group 2: Market Position - As of September 30, 2025, Sunyu Intelligent has established partnerships with 8 of the top 10 Tier-1 suppliers and 19 of the top 20 OEMs globally, embedding itself deeply in the automotive value chain [5] - The company ranks first globally in the automotive camera solution business by shipment volume for 2024, with a market share equivalent to the combined market shares of its next three competitors [5] - In the intelligent perception and smart cockpit sector, Sunyu Intelligent is the largest provider globally by shipment volume for 2024, and it has maintained the number one global market share in automotive lenses for 13 consecutive years [5] Group 3: Financial Performance - For the fiscal year 2023, Sunyu Intelligent reported revenues of approximately 5.262 billion RMB and a profit of about 1.140 billion RMB [6] - Projected revenues for 2024 are approximately 5.989 billion RMB, with profits expected to reach around 1.272 billion RMB [6] - For the nine months ending September 30, 2024, the company anticipates revenues of about 4.456 billion RMB and a profit of approximately 905 million RMB [7]

Core Viewpoint - Ningbo Sunyu Zhixing Technology Co., Ltd. (referred to as Sunyu Zhixing) has submitted its listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities acting as joint sponsors [1]. Company Overview - Sunyu Zhixing is a global leader in automotive optical technology, aiming to be a key enabler of future smart mobility. The company focuses on providing in-vehicle camera solutions, including intelligent perception and smart cockpit solutions, while continuously expanding its product matrix to include LiDAR, in-cabin projection systems, and smart lighting solutions [4][5]. - The company is one of the earliest providers of automotive-grade optical solutions and has led industry innovation, being among the first to commercialize 8MADAS/ADS camera products and complete the development of 17MADAS camera products [4]. Product and Market Position - Sunyu Zhixing is one of the few companies capable of independently developing and commercially scaling a full suite of automotive optical solutions, leveraging a comprehensive R&D platform to build a complete product value chain from optical components to system-level solutions [5]. - As of September 30, 2025, the company has established relationships with 8 of the top 10 Tier-1 suppliers and 19 of the top 20 OEMs globally, positioning itself at the forefront of industry innovation [6]. Financial Performance - For the fiscal years ending December 31, 2023, and 2024, the company reported revenues of approximately RMB 5.262 billion and RMB 5.989 billion, respectively. For the nine months ending September 30, 2024, and 2025, revenues were approximately RMB 4.456 billion and RMB 5.146 billion, respectively [6][7]. - The net profit for the fiscal years 2023 and 2024 was approximately RMB 1.140 billion and RMB 1.272 billion, respectively, with net profits for the nine months ending September 30, 2024, and 2025 being approximately RMB 905 million and RMB 972 million [6][7].