New stock news | New Consideration Motor files for listing on the Hong Kong Stock Exchange as a manufacturer of miniature precision motors.

According to the disclosure by the Hong Kong Stock Exchange on January 2nd, Xinsida Motor Co., Ltd. (Xinsida Motor) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC and Huatai International serving as its joint sponsors. Company profile Established in 2014, Xinsida Motor is a global leading manufacturer of micro precision motors. As a pioneer in the imaging motor field, the company has established strong professional capabilities and proprietary technologies throughout the entire industry chain, covering areas such as material performance enhancement, manufacturing processes, and strict product quality control. The company has strategic layouts with dual production bases in Jiaxing and Hefei, as well as dual research and development bases in China and Japan. According to data from Frost & Sullivan, based on revenue projections for 2024, Xinsida Motor ranks sixth globally and third in China in the imaging motor market, capturing a 9.1% market share in China. In the optical image stabilization (OIS) imaging motor field, Xinsida Motor ranks fourth globally and first in China based on revenue projections for 2024, holding a 20.1% market share in China. Xinsida Motor focuses on two main product categories: imaging products and non-imaging products. Its imaging products include voice coil motors, piezoelectric motors, and shape memory alloy motors, mainly used in camera modules for smartphones, handheld imaging devices, security surveillance, and machine vision systems to achieve functions such as autofocusing, optical image stabilization, aperture adjustment, and zooming. Based on functional differences, Xinsida Motor's imaging products mainly include OIS motors, periscope motors, open-loop motors, closed-loop motors, variable aperture motors, continuous optical zoom motors, and more. During the reporting period, the company's majority of revenue came from imaging products, especially OIS motors and periscope motors, open-loop motors, and closed-loop motors. Xinsida Motor's non-imaging products mainly include stepper motors and brushless DC motors, deployed in applications such as floor sweeping robots, security surveillance, and automotive electronics. The company is also expanding into emerging fields such as floor sweeping robots, low-altitude economy, and more. As of September 30, 2025, Xinsida Motor operates two production bases in Jiaxing and Hefei, strategically located to efficiently serve major customers and provide timely logistics and on-site support. To support future growth, the company is expanding its production layout. As of the last practical date, Xinsida Motor is developing a factory in Nanchang for producing periscope motors, and a factory in Dongguan for producing brushless DC motors, expecting to complete the construction of these two factories by 2026. Financial information Revenue For the fiscal years 2023, 2024, and the nine months ended September 30, 2025, the company achieved revenues of approximately RMB 855 million, 1.565 billion, and 1.457 billion, respectively. Profit/(Loss) for the year/period For the fiscal years 2023, 2024, and the nine months ended September 30, 2025, the company recorded profit/(loss) for the year/period of a loss of RMB 30.102 million, profit of 105 million, and profit of 97.055 million, respectively. Gross profit For the fiscal years 2023, 2024, and the nine months ended September 30, 2025, the company recorded gross profits of 71 million, 249 million, and 234 million, respectively. Industry Overview The global motor market is showing significant and sustained growth, rooted in three major long-term trends: transport electrification, upgrading of consumer electronics functions, and the implementation of strict energy efficiency regulations globally. According to Frost & Sullivan data, the market size (in terms of revenue) increased from approximately USD 109.8 billion in 2019 to USD 152.3 billion in 2024, with a historical compound annual growth rate of 6.8%. This growth reflects the increasing prevalence of motors in various economic sectors. Looking ahead, the market is expected to continue expanding, with a projected size of USD 197 billion by 2029, and a forecast compound annual growth rate of 4.6% from 2025 to 2029. This sustained growth is expected to be driven by the widespread adoption of electric vehicles and the continued expansion of industrial automation and intelligent devices. China is an important and rapidly growing segment in the global motor market. The market size in China increased from approximately USD 35.3 billion in 2019 to USD 50.2 billion in 2024. It is expected to reach USD 66.4 billion by 2029, with a forecast compound annual growth rate of 5.1% from 2025 to 2029. This indicates that due to strong domestic demand in the electric vehicle and industrial automation sectors, as well as supportive government policies, the growth rate of the motor market in China is expected to be higher than the global average. Therefore, China's share in the global motor market is expected to increase from approximately 32.3% in 2019 to 33.7% in 2029, further consolidating its position as a key manufacturing hub and end market globally. Board of Directors Information The board of directors will consist of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors. Shareholding Structure As of the last practical date, Dr. Cai, Shenzhen and Zheng, Mr. Cai, Shenzhen Changxin, Jiashan Changxin, and Hefei Jia Investment collectively hold approximately 7.50%, 27.04%, 9.88%, 8.33%, 3.38%, and 0.83% of the company's issued share capital, respectively. Shenzhen and Zheng are wholly owned by Dr. Cai. Mr. Cai is a general partner of Shenzhen Changxin, Jiashan Changxin, and Hefei Jia Investment, holding approximately 97.31%, 10.62%, and 1.13% of the equity, respectively. According to the agreement reached by Dr. Cai, Shenzhen and Zheng, Mr. Cai, and Shenzhen Changxin (referred to as "the concerted parties") on November 5, 2024, all the concerted parties confirm and agree to follow Dr. Cai's decisions in implementing concerted actions at the company's board and/or shareholders' meetings. Therefore, Dr. Cai, Shenzhen and Zheng, Mr. Cai, Shenzhen Changxin, Jiashan Changxin, and Hefei Jia Investment constitute the controlling shareholder group of the company, collectively holding approximately 56.97% of the company's issued share capital as of the last practical date. Intermediary Team Joint Sponsors: Huatai Financial Holdings (Hong Kong) Limited, China International Financial Hong Kong Securities Limited Company Legal Counsel: Jiayuan Law Firm, Guohao Law Firm (Shanghai), King & Wood Mallesons Law Firm Joint Sponsors' Legal Counsel: Hankun Law Firm, King & Wood Mallesons Law Firm Reporting Accountant: Ernst & Young LLP Industry Consultant: Frost & Sullivan Compliance Consultant: Chuangsheng Financing Limited 2014+ +20249.1%2024() 20.1% ()() () ()Siasun Robot&AutomationSiasun Robot&Automation 20259302026 2023202420259308.5515.6514.57 () 202320242025930()3010.21.059705.5 2023202420259300.712.492.34 ()20191,09820241,5236.8%20291,9702025 20294.6% 2019353 202450220296642025 20295.1%201932.3%202933.7% 7.50%27.04%9.88%8.33%3.38% 0.83%97.31%10.62%1.13% ( )202411556.97% () ()