New Stock News | AUDIOWELL (920491.BJ) once again submits documents to the Hong Kong Stock Exchange, becoming the world's third largest supplier of automotive ultrasonic sensors and actuators.

According to the disclosure of the Hong Kong Stock Exchange on June 11th, Guangdong AUDIOWELL Sensing Technology Co., Ltd. (referred to as AUDIOWELL, 920491.BJ) has once again submitted its application to the Hong Kong Stock Exchange main board, with CMSC International as its exclusive sponsor. Company Overview The prospectus shows that the company manufactures and sells sensors, actuators, and related smart modules, with over twenty years of operational experience and comprehensive capabilities in research and development, production, and sales. The company is dedicated to providing sensing and actuation solutions for various downstream application areas, including: (i) smart home solutions; (ii) smart automotive solutions; (iii) smart terminal solutions; and (iv) smart manufacturing solutions. Each solution is designed to cater to the specific functional requirements and application scenarios of the downstream industries, covering dimensions such as home environment, automotive space, industrial control, and human-machine interaction. In an era where intelligence and human-machine interaction experience are at the core, precise sensing, rapid response, and high integration have become key directions for innovation in smart products. The company firmly believes that smart sensing and actuation technology are the foundation for achieving connectivity and intelligent control of everything. Whether it is driving smart homes to achieve adaptive environmental control or empowering vehicles and mobile devices to achieve real-time sensing and safety feedback, the company's solutions are committed to establishing efficient collaboration between smart sensing and actuation. The company operates under the IDM (Integrated Device Manufacturer) model, integrating all key sensor and actuator production processes in its facilitiescovering sensitive materials, transducer chips, algorithms, and precision manufacturing, thus providing customized hardware solutions for sensors and actuators for multiple smart application scenarios. International expansion is one of the company's core business strategies, and since its establishment, the company has consistently maintained a high level of overseas sales. The company's customer network covers over 46 countries and regions including Asia, Europe, North America, and others. The following table highlights the company's business: Financial Information Revenue For the years 2023, 2024, and 2025, the company's revenue is estimated to be approximately 467 million, 617 million, and 683 million yuan respectively. Profit For the years 2023, 2024, and 2025, the company's net profit is estimated to be 76.978 million, 93.951 million, and 94.029 million yuan respectively. Industry Overview The global and Chinese sensor markets continue to grow, with the market size expanding from approximately 203.8 billion US dollars and 317.9 billion yuan in 2021 to 255.4 billion US dollars and 437.3 billion yuan in 2025, with compound annual growth rates of approximately 5.8% and 8.3% respectively. During the same period, the global and Chinese actuator market sizes also increased from 280 billion US dollars and 421.2 billion yuan to 338.9 billion US dollars and 533.7 billion yuan, with compound annual growth rates of approximately 4.9% and 6.1% respectively. Looking ahead, the increasing demand for intelligent sensing and precision motion control is driving the trend towards sensors and actuators with higher performance, greater miniaturization, and software-enhanced capabilities. It is expected that both the global and Chinese sensor and actuator markets will maintain steady growth, with compound annual growth rates of approximately 4.5% and 5.6%, reaching market sizes of approximately 742.2 billion US dollars and 1,277.7 billion yuan by 2030. In 2025, the market size of sensors for global smart home products and actuators for smart home products is estimated to be approximately 25.9 billion US dollars and 49.2 billion US dollars. The Chinese market size is also significant, with market sizes of approximately 53.8 billion yuan and 96.8 billion yuan in the same year. As smart features continue to integrate into residential environments and IoT connectivity, energy efficiency, and user-centric automation technology develop, the market size for sensors and actuators for smart home products in the global and Chinese markets is expected to reach approximately 98.1 billion US dollars and 218.3 billion yuan by 2030, with compound annual growth rates of approximately 5.5% and 7.7% from 2025 to 2030. In 2025, the global market size for automotive-specific sensors and actuators is estimated to be approximately 49.7 billion US dollars and 42.9 billion US dollars, reflecting compound annual growth rates of approximately 6.5% and 4.3% from 2021 to 2025. In the same year, the market size for automotive-specific sensors and actuators in China is estimated to be approximately 100.7 billion yuan and 92.6 billion yuan, with compound annual growth rates of approximately 12.0% and 6.6% respectively from 2021 to 2025. The global and Chinese automotive markets have seen significant changes, with growth mainly driven by the new energy vehicle segment. From 2021 to 2025, global sales of new energy vehicles expanded at a compound annual growth rate of approximately 36.0%, with the Chinese market leading at approximately 47.1%. This demonstrates the new energy vehicle segment's core position as the industry's expansion engine. It is predicted that by 2030, the market size of automotive-specific sensors and actuators in the global and Chinese automotive industries will reach approximately 115.8 billion US dollars and 263.4 billion yuan respectively. Board of Directors Information The company's board of directors consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors. Equity Structure As of the last practicable date (June 5, 2026), the company's executive director, the chairman and general manager Mr. Zhang, and his spouse, executive director Ms. Huang, directly hold 21,718,940 shares and 2,536,770 shares of A shares, representing approximately 15.39% and 1.80% of the company's issued share capital respectively. Therefore, Mr. Zhang and Ms. Huang are the largest shareholder group of the company. Together, Mr. Zhang and Ms. Huang have ownership interests in 24,255,710 A shares, representing approximately 17.19% of the company's issued share capital. Intermediary Team Exclusive Sponsor: CMSC (Hong Kong) Limited; Legal Advisors: JunHe Law Firm, Liao Guohui Law Firm, JunHe Law Firm, JunHe Law Offices LLC, David and Good Law Firm; Legal Advisors of Exclusive Sponsor: King & Wood Mallesons; Auditors and Reporting Accountants: Ernst & Young Hua Ming LLP; Industry Consultants: Frost & Sullivan Consulting Co., Ltd. Shanghai Branch; Internal Control Consultants: KPMG Risk Advisory Co., Ltd.; Transfer Pricing Consultants: Ernst & Young (Beijing) Tax Co., Ltd.