New Stock News | New Thought Motor submits documents to Hong Kong Exchange

According to the disclosure by the Hong Kong Stock Exchange on January 2nd, New Concept Motors Limited (New Concept Motors) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC and Huatai International as its joint sponsors. According to the prospectus, New Concept Motors was established in 2014 and is a leading global manufacturer of micro-precision motors. As a pioneer in the imaging motor field, New Concept Motors has established profound professional capabilities and proprietary technologies throughout the entire industry chain, covering aspects such as material performance improvement, manufacturing processes, and strict product quality control. According to data from Frost & Sullivan, based on revenue in 2024, New Concept Motors ranks sixth globally and third in China in the imaging motor market, with a 9.1% market share in China. Based on revenue in 2024, in the optical image stabilization (OIS) imaging motor field, New Concept Motors ranks fourth globally and first in China, with a 20.1% market share in China.