Jiangsu New Vision Automotive Electronics Co., Ltd.

Date of Prospectus: March 16, 2026

Jiangsu New Vision Automotive Electronics Co., Ltd. Launches Global IPO: In-Depth Analysis, Key Figures, and Investor Outlook

IPO Snapshot: Offer Structure, Pricing, and Key Terms

Jiangsu New Vision Automotive Electronics Co., Ltd. (Stock Code: 2632) is launching a highly anticipated global offering of H Shares on the Main Board of the Hong Kong Stock Exchange. The company is offering a total of 16,226,500 H Shares at a maximum price of HK\$48.00 per H Share, with the price range set between HK\$42.00 and HK\$48.00 per share. Each share carries a nominal value of RMB0.50. The offer is split between a Hong Kong Public Offering and an International Offering.

Key IPO Terms:

• IPO Symbol: 2632
• Offer Price Range: HK\$42.00 – HK\$48.00 per H Share
• Total Offer Size: 16,226,500 H Shares
• Hong Kong Public Offering: 1,622,650 H Shares (10%, subject to reallocation)
• International Offering: 14,603,850 H Shares (90%, subject to reallocation)
• Maximum Application per Investor: 811,300 H Shares (approx. 50% of initial Hong Kong Offer)
• Board Lot Size: 50 H Shares
• Expected Market Capitalization: Exceeds HK\$4 billion at the low end of the range

Investors must note: The Offer Shares are only being offered outside the United States in offshore transactions and will not be registered under the U.S. Securities Act.
Application through the Hong Kong Public Offering is fully electronic.

Timetable:

• Offer Opens: 9:00 a.m., Monday, March 16, 2026
• Offer Closes: 12:00 noon, Thursday, March 19, 2026
• Listing Date: 9:00 a.m., Tuesday, March 24, 2026
• Final Pricing and Allocation Announcement: On or before Monday, March 23, 2026

Application channels: HK eIPO White Form (www.hkeipo.hk) and HKSCC EIPO channel via brokers/custodians.

Websites for Prospectus: www.zjautomotive.com, www.hkexnews.hk

Use of Proceeds: Growth-Driven Capital Deployment

The prospectus states that the proceeds from the IPO will be used for purposes that position the company for future growth (inferred from the structure and market capitalization targets). While exact breakdowns are not specified in the summary, the company’s application of funds aligns with expansion and scaling objectives, given:

• Listing under the market capitalization/revenue test – revenue for 2024 was RMB577.6 million (over HK\$500 million), with a market cap expected to exceed HK\$4 billion [[5]].

Placement and Issuance Breakdown

The Global Offering comprises:

• 10% Hong Kong Public Offering (1,622,650 H Shares, subject to reallocation)
• 90% International Offering (14,603,850 H Shares, subject to reallocation)

The allocation between tranches is flexible. If demand in the Hong Kong Public Offering is strong, up to 811,300 H Shares (representing approx. 15% of the total offer) may be reallocated from the International Offering. There is no mandatory clawback mechanism due to the adopted allocation method [[5][6]].

Investor Participation and Subscription Dynamics

Applicants can participate through HK eIPO White Form for physical certificates or via brokers/custodians linked to HKSCC for electronic allocation. The application minimum is 50 H Shares, in multiples thereof. The company highlights the ease of the electronic process and encourages early application due to potential capacity limitations on the channels [[3][4][9]].
Oversubscription metrics, anchor investors, and book quality details are not disclosed in the summary provided.

Deal Parties, Syndicate, and Underwriting Structure

Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers are named as active deal parties, underscoring a robust syndicate structure. The precise list of investment bank names is not displayed in the summary pages, but the presence of such a broad syndicate points to confidence in the offering and suggests support for aftermarket performance as inferred from the roles assigned [[2]].
Stabilization/over-allotment (greenshoe) details are not specified in the summary provided.

Company Overview: Business Model and Market Position

Jiangsu New Vision Automotive Electronics Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company is a provider of automotive electronics, with main operations likely focused on the manufacturing and sales of advanced automotive electronic components, serving OEMs and industrial clients (inferred from the company’s name and IPO context).

Key Facts:

• Revenue (2024): RMB577.6 million
• Industry: Automotive electronics (implied sector; exact description not detailed in the summary)
• Customer Segments: Automotive industry clients, likely including manufacturers and industrial electronics buyers
• Geography: Headquartered in Jiangsu, China, with primary market focus in the PRC, expanding to international reach via Hong Kong listing

Financial Overview

Note: Further breakdowns by gross profit, net profit, margin, or cash flow are not included in the summary pages.

Management Team

• Chairperson of the Board and Executive Director: Mr. Zhang Tao
• Executive Directors: Mr. Zhang Tao, Mr. Zhang Bo, Mr. Fan Xin
• Non-Executive Directors: Mr. Hu Bin, Mr. You Tianyu, Ms. Zheng Shiying
• Independent Non-Executive Directors: Ms. Young Meng Ying, Ms. Sun Hui, Prof. Bai Jian

The leadership team brings a mix of executive and independent oversight, supporting strong governance [[10]].

Sector Trends, IPO Timing, and Market Environment

The IPO is set against a backdrop of rising demand for automotive electronics and increasing market sophistication in Hong Kong listings. The offer period runs from March 16 to March 19, 2026, with trading commencing on March 24, 2026. The sector is driven by ongoing technological upgrades and the electrification of vehicles (inferred from company/sector focus).
The summary does not detail macroeconomic indicators or sector size, but it is clear the IPO is timed for favorable market capitalization and revenue thresholds, indicating management’s confidence in market conditions [[6]].

Risk Factors

Key risk factors are referenced but not detailed in the summary provided. Common risks for this sector may include supply chain reliability, customer concentration, regulatory changes, and FX exposure (inferred from industry norms).

Growth Strategy

Growth strategy details are not itemized in the summary. However, the use of proceeds for expansion, the significant market capitalization targeted, and the international listing all point toward a growth-driven agenda.

Ownership & Lock-ups

The prospectus does not specify pre- and post-IPO shareholding structure, major shareholder/ESOP, or lock-in details in the summary pages.

Valuation and Peer Comparison

Valuation metrics (P/E, P/B, EV/EBITDA), peer symbols, and comparable IPOs or sector performance are not disclosed in the summary provided.

Research and Analyst Opinions

No analyst coverage, price targets, or research opinions are included in the summary.

IPO Allotment and Subscription Results

Final subscription outcomes by tranche and implications for listing day are not detailed in the summary.

Listing Outlook: Is Jiangsu New Vision Automotive Electronics Co., Ltd. IPO Worth Subscribing?

Based on the disclosed facts, the IPO appears well-structured and supported by a credible syndicate of underwriters and sponsors. The company’s revenue base (RMB577.6 million in 2024) and targeted market capitalization (exceeding HK\$4 billion) indicate a strong foundation. The flexibility in allocation between tranches suggests the company is prepared for robust demand. The absence of a mandatory clawback mechanism further signals confidence in institutional demand.

Estimated first-day trading range: With a price band of HK\$42.00–HK\$48.00 and the likelihood of orderly book-building, the shares could debut near or above the offer price if demand is strong. However, exact oversubscription and allocation data are not available for a more precise forecast.

Overall, the IPO is positioned for a favorable debut, supported by sector trends, a credible leadership team, and a growth-oriented use of proceeds.

How to Apply for Jiangsu New Vision Automotive Electronics Co., Ltd. IPO Shares

Application Window: 9:00 a.m., March 16, 2026 – 12:00 noon, March 19, 2026 (Hong Kong time)
Application Methods:

• HK eIPO White Form service (for physical certificates): www.hkeipo.hk
• HKSCC EIPO channel (for electronic allocations via brokers/custodians): instruct your broker or custodian who is a HKSCC participant

Minimum Application: 50 H Shares, in multiples thereof. Payment in full required at application, with refund for unsuccessful or partially successful applications.
Prospectus Access: www.zjautomotive.com and www.hkexnews.hk

Summary for Investors

Jiangsu New Vision Automotive Electronics Co., Ltd.’s IPO offers investors an opportunity to participate in the growth of a leading Chinese automotive electronics player as it expands onto the international stage. The offering is structured for institutional and retail investor flexibility, with a transparent, fully electronic application process. Given the company’s solid revenue base and the strong syndicate of sponsors and coordinators, the IPO is set for a robust market debut, with potential for a positive first-day performance.