English
Back
Open Account
牛牛新股君
wrote a column · Nov 6, 2025 08:08

IPO Pricing | Joyson Electronic, the “world’s second-largest provider of passive automotive safety products,” listed today with a 147.67x subscription rate, priced at HKD 22 per share.

Futu News reported on November 6th, $JOYSON ELEC (00699.HK)$ The allotment results were announced, with the per-share price set at HKD 22. A total of 155 million shares were issued, with each lot consisting of 500 shares. The stock officially listed today.
During the public offering phase, Joyson Electronics received subscriptions 147.67 times over. The final number of shares allocated in the public offering was 15.51 million, accounting for approximately 10% of the total shares offered. A total of approximately 94,653 valid applications were received, with 17,372 accepted applications. The percentage of applied-for shares allocated to one-lot applicants was approximately 16%.
Additionally, during the international placement phase, Joyson Electronics received subscriptions 9.78 times over. The final number of shares allocated in the international offering was 140 million, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below:
Futu News reported on November 6th, $JOYSON ELEC (00699.HK)$ The allocation results were announced, with shares priced at HKD 22 each. A total of 155 million shares were issued, with a board lot comprising 500 shares. The company officially listed today. During the public offering phase, Joyson Electronic received 147.67x subscriptions. The final number of shares offered in the public tranche was 15.51 million, representing approximately 10% of the total shares offered. Approximately 94,653 valid applications were submitted, with 17,372 accepted applications. The percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 16%. Furthermore, during the international placement phase, Joyson Electronic received 9.78x subscriptions. The final number of international placement shares amounted to 140 million shares, equivalent to 90% of the total shares offered. Futu has compiled relevant data in the table below: Company Profile Joyson Electronic is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive components industry (primarily automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive components. In 2024, it ranked 41st in the global automotive components industry. According to Frost & Sullivan, by revenue, the company is also the second-largest provider of passive automotive safety products in both China and globally. Through organic growth and strategic acquisitions, Joyson Electronics has evolved from a company providing single-category automotive parts solely in China...
Futu News reported on November 6th, $JOYSON ELEC (00699.HK)$ The allocation results were announced, with shares priced at HKD 22 each. A total of 155 million shares were issued, with a board lot comprising 500 shares. The company officially listed today. During the public offering phase, Joyson Electronic received 147.67x subscriptions. The final number of shares offered in the public tranche was 15.51 million, representing approximately 10% of the total shares offered. Approximately 94,653 valid applications were submitted, with 17,372 accepted applications. The percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 16%. Furthermore, during the international placement phase, Joyson Electronic received 9.78x subscriptions. The final number of international placement shares amounted to 140 million shares, equivalent to 90% of the total shares offered. Futu has compiled relevant data in the table below: Company Profile Joyson Electronic is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive components industry (primarily automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive components. In 2024, it ranked 41st in the global automotive components industry. According to Frost & Sullivan, by revenue, the company is also the second-largest provider of passive automotive safety products in both China and globally. Through organic growth and strategic acquisitions, Joyson Electronics has evolved from a company providing single-category automotive parts solely in China...
Futu News reported on November 6th, $JOYSON ELEC (00699.HK)$ The allocation results were announced, with shares priced at HKD 22 each. A total of 155 million shares were issued, with a board lot comprising 500 shares. The company officially listed today. During the public offering phase, Joyson Electronic received 147.67x subscriptions. The final number of shares offered in the public tranche was 15.51 million, representing approximately 10% of the total shares offered. Approximately 94,653 valid applications were submitted, with 17,372 accepted applications. The percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 16%. Furthermore, during the international placement phase, Joyson Electronic received 9.78x subscriptions. The final number of international placement shares amounted to 140 million shares, equivalent to 90% of the total shares offered. Futu has compiled relevant data in the table below: Company Profile Joyson Electronic is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive components industry (primarily automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive components. In 2024, it ranked 41st in the global automotive components industry. According to Frost & Sullivan, by revenue, the company is also the second-largest provider of passive automotive safety products in both China and globally. Through organic growth and strategic acquisitions, Joyson Electronics has evolved from a company providing single-category automotive parts solely in China...
Company Profile
Joyson Electronic is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive components industry (primarily automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive components. In 2024, it ranked 41st in the global automotive components industry. According to Frost & Sullivan, by revenue, the company is also the second-largest provider of passive automotive safety products in both China and globally.
Through organic growth and strategic acquisitions, Joyson Electronic has transformed from a company that provided single-category automotive components solely in China into an intelligent automotive technology solutions provider with cross-domain product coverage, strong technical capabilities, and services for domestic and international customers.
Joyson Electronics provides automotive electronics solutions, automotive safety solutions, and other automotive components. Its automotive electronics solutions mainly include automotive intelligence solutions, new energy management system solutions, and human-machine interaction products. The company’s automotive safety solutions primarily provide airbags, seat belts, smart steering wheels, and integrated safety solutions. The company’s other automotive components mainly include cockpit components and electric vehicle charging and distribution systems. As a Tier 1 supplier, the company offers comprehensive technical support and works closely with automakers throughout the entire product development process.
Financial Overview
Joyson Electronic achieved overall stable growth during the historical performance period. The company’s revenue increased by RMB 5,935.1 million, or 11.9%, from RMB 49,793.4 million in 2022 to RMB 55,728.5 million in 2023, and further increased by RMB 135.1 million, or 0.2%, to RMB 55,863.6 million in 2024. Gross profit rose from RMB 5,542.0 million in 2022 to RMB 8,056.9 million in 2023, and further to RMB 9,063.7 million in 2024.
Source: Prospectus
Source: Prospectus
Use of Proceeds
In terms of the use of proceeds, Joyson Electronic expects the net proceeds from the global offering to be approximately HKD 3.253 billion (based on an offer price of HKD 22). According to the prospectus, Joyson Electronic intends to allocate the proceeds raised from the global offering for the following purposes:
Approximately 35.0% is expected to be used to enhance the company’s leadership position in the intelligent automotive technology industry by investing in the research, development, and commercialization of its automotive intelligent solutions and cutting-edge technologies, thereby capitalizing on transformative opportunities in the downstream automotive sector; approximately 35.0% will be allocated to improving the company’s production capabilities, cost efficiency, and optimizing supply chain management; approximately 10% will be used to expand the company’s market share in overseas business and collaborate with original equipment manufacturers (OEMs) to achieve international expansion; approximately 10% will be dedicated to potential investments and mergers and acquisitions that complement the company’s technological expertise, business operations, and brand profile, aiming to strengthen its market position amid the electrification and intelligent trends in the automotive industry; approximately 10.0% will be utilized as working capital and for general corporate purposes.
The peak season for new stock subscriptions in the gold sector has arrived! Use Futu for new stock subscriptions with 0% interest, 0% handling fees, and 0 cash subscription. Participate in the event now for a chance to have your new stock subscription fees waived for one year.Come and experience it now >>
Futu News reported on November 6th, $JOYSON ELEC (00699.HK)$ The allocation results were announced, with shares priced at HKD 22 each. A total of 155 million shares were issued, with a board lot comprising 500 shares. The company officially listed today. During the public offering phase, Joyson Electronic received 147.67x subscriptions. The final number of shares offered in the public tranche was 15.51 million, representing approximately 10% of the total shares offered. Approximately 94,653 valid applications were submitted, with 17,372 accepted applications. The percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 16%. Furthermore, during the international placement phase, Joyson Electronic received 9.78x subscriptions. The final number of international placement shares amounted to 140 million shares, equivalent to 90% of the total shares offered. Futu has compiled relevant data in the table below: Company Profile Joyson Electronic is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive components industry (primarily automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive components. In 2024, it ranked 41st in the global automotive components industry. According to Frost & Sullivan, by revenue, the company is also the second-largest provider of passive automotive safety products in both China and globally. Through organic growth and strategic acquisitions, Joyson Electronics has evolved from a company providing single-category automotive parts solely in China...
Note: This activity is open exclusively to users in the Hong Kong region.
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Thumbs Up
2
119K Views
Report
Comment (1)
Write a Comment...
1
2
6