Junwei Electronics (301458.SZ) successfully listed on the Growth Enterprise Board with the assistance of Huatai United Securities, promoting the development of leading domestic precision resistor and fuse companies.

On January 10th, Junwei Electronics (301458.SZ) was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. The offering raised a total of 693 million RMB, with Huatai United Securities acting as the exclusive sponsor and lead underwriter. Junwei Electronics is primarily engaged in the design, research and development, manufacturing, and sales of precision resistors for current sensing and fuses. The company focuses on the research, production, and sales of precision resistors for current sensing and chip-type surface mount fuse products; its wholly-owned subsidiary, Suzhou Huade, was established in 2000 and has been dedicated to the research, production, and sales of fuse products since its establishment. The company's main customer base is diverse, covering enterprises in various fields such as smart phone terminals, computer terminals, household appliances, batteries, PD fast charging, power supplies, and industrial applications. In terms of precision resistors for current sensing, Junwei Electronics has grown to become a leading enterprise in China's precision resistor industry. According to QY Research and the company's revenue data for precision resistors for current sensing, by 2023, the company ranks third in the global market with a market share of 7.86%; the company is able to provide precision resistors for current sensing ranging from miniature to 0201 size (in inches), as thin as 0.33 mm, with high precision up to 5 and resistance values less than 1 milliohm. In the field of fuses, the global market is currently dominated by overseas enterprises; according to Paumanok Publications Inc. and Open Source Securities research on the global fuse market size and the company's fuse revenue data, by 2023, the company's market share in the global fuse market is 0.92%. As the exclusive sponsor and lead underwriter for Junwei Electronics' IPO, Huatai United Securities, based on a profound understanding of the high-tech manufacturing industry of electronic components, fully exploits Junwei Electronics' technological highlights and enterprise value, supporting Junwei Electronics' growth and successful listing on the Growth Enterprise Market. With the high degree of integration between industrialization and informatization, the application of electronic components has permeated the entire industrial field, supporting the foundation and key to the innovation and development of the entire industry. Junwei Electronics adheres to independent research and development, striving to become a global leader in providing solutions for precision resistors for current sensing and fuses, continuously enhancing its core competitiveness, and contributing to the transformation and upgrade of China's manufacturing industry and high-quality development. Currently, China's manufacturing industry is entering a new stage of transitioning from high-speed development to high-quality development. Strengthening independent innovation in core technologies and actively guiding small and medium-sized enterprises towards specialized, refined, distinctive, and innovative development is gradually becoming an important aspect of the development of the electronic information industry. Huatai United Securities always adheres to the national development strategy, closely follows the "Five Major Financial Articles" for financial work, and focuses on serving the development of new productive forces at the forefront of science and technology. The listing of Junwei Electronics is another example of Huatai United Securities serving the national strategy and promoting self-reliance in science and technology. In the future, Huatai United Securities will steadfastly serve the needs of the country and contribute financial strength to self-reliance in science and technology and independent control in key areas.