New Stock News | Zejing Electronics passed the hearing of the Hong Kong Stock Exchange. The company provides a full range of HUD platform solutions.

According to the disclosure from the Hong Kong Stock Exchange on March 9, Jiangsu Zejing Automotive Electronics Co., Ltd. (referred to as Zejing Electronics) conducted a listing hearing on the main board of the Hong Kong Stock Exchange. HAITONG INT'L Capital Limited and CITIC SEC (Hong Kong) Limited are the joint sponsors. According to the prospectus, Zejing Electronics focuses on HUD solutions. During the previous years, the company mainly provided windshield HUD (W-HUD) solutions CyberLens and augmented reality HUD (AR-HUD) solutions CyberVision, as well as complementary testing solutions and other innovative visual technology solutions. The company collaborates deeply with original equipment manufacturers in the definition stage of solutions to create new vehicle models with more in-depth human-vehicle interaction and intelligent driving experience. Through innovative solutions, Zejing Electronics is driving the transformation of intelligent cockpit visual, human-vehicle interaction systems from 2D to 3D, AR, and market penetration. The company has built an integrated self-developed technology architecture in a integrated way, covering optical design, mechanical engineering, electronic design, software algorithms, and human-machine interface (HMI), with proven core capabilities in HUD solutions to create unique sustainable market differentiation. Additionally, the company provides a full range of HUD platform solutions, including CyberLens, CyberVision, testing solutions, and other innovative business solutions to meet diverse customer needs. As smart cars evolve from traditional modes of transportation to integrated travel spaces, users are increasingly demanding in terms of safety, visualization, and interaction in the cockpit experience. Vehicle-mounted HUD solutions, as the core interactive interface between the driving system and users, can enhance information acquisition efficiency and sense of security during driving, as well as improve the level of human-machine interaction and experience of the entire vehicle. According to information from Zhisight Consulting, the market size of China's vehicle-mounted HUD solutions is expected to grow from 1 million units in 2020 to 3.9 million units in 2024, with a compound annual growth rate of 41.2%, and is expected to reach 12.7 million units in 2029, with a compound annual growth rate of 27.9% from 2025 to 2029. In terms of financials, in the fiscal years ending on September 30, 2022, 2023, 2024, and the nine months ending on September 30, 2024 and 2025, Zejing Electronics' revenue was approximately RMB 214 million, RMB 549 million, RMB 578 million, and RMB 480 million respectively; during the same periods, the company's annual losses were approximately RMB 256 million, RMB 175 million, RMB 138 million, and RMB 344 million respectively.