New Stock News | NJEC will launch PDIE on October 20 with a trading scale of approximately 400 to 500 million USD

According to Zhitong Finance APP, Ningbo Joyson Electronic Co., Ltd. (abbreviated as: Joyson Electronics) (600699.SH) will launch its Pre-Deal Investor Education (PDIE) for its Hong Kong stock listing on October 20, with a target transaction scale of approximately USD 400 to 500 million. According to the Hong Kong Stock Exchange, Joyson Electronics submitted its second application to the main board of the Hong Kong Stock Exchange on August 7, with China International Capital Corporation and UBS Group as its joint sponsors. Currently, Joyson Electronics' Hong Kong IPO has been filed with the China Securities Regulatory Commission. The prospectus shows that Joyson Electronics is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive parts industry (mainly automotive electronics and automotive safety). The company's business focuses on the research and development, manufacturing, and sales of automotive parts, ranking 41st in the global automotive parts industry in 2024. According to Frost & Sullivan, the company is the second largest supplier of automotive passive safety products in China and globally by revenue. Joyson Electronics has established a highly globalized platform. As of April 30, 2025, the company has over 25 R&D centers and more than 60 production bases worldwide, covering major automotive markets in Asia, Europe, and North America. The company's globalization strategy has proven to be effective, with overseas sales accounting for 74.7% of total revenue in 2024. In addition, the company has ranked first in China's top 100 multinational companies and the multinational index for four consecutive years from 2021 to 2024. The funds raised are intended to be used for investing in the research and commercialization of next-generation automotive intelligent solutions and cutting-edge technologies, enhancing the company's leadership position in the intelligent automotive technology industry, and seizing transformation opportunities in the downstream automotive industry; improving the company's manufacturing capabilities, optimizing supply chain management, and increasing cost efficiency; expanding the company's market share in overseas business and collaborating with OEM customers for overseas expansion. It is worth noting that on October 16, Zhiyuan Robotics officially launched the next-generation industrial-grade interactive embodied operation robot, Zhiyuan Spirit G2, and simultaneously commenced the first batch of deliveries under a procurement contract worth over 100 million yuan with Joyson Electronics. According to the plan, the first batch of delivered Zhiyuan Spirit G2 will be deployed first in Joyson Electronics' automotive parts production line. Media reports indicate that this move marks the official implementation of interactive embodied intelligent technology in the automotive parts manufacturing scenario