New Stock News | Shenzhen Kinwong Electronic (603228.SH) receives approval for its Hong Kong IPO filing from the China Securities Regulatory Commission

On June 26, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Shenzhen Kinwong Electronic Co., Ltd." Shenzhen Kinwong Electronic (603228.SH) plans to issue no more than 125,837,100 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. The prospectus shows that Shenzhen Kinwong Electronic is a PCB product manufacturer driven by technological innovation and characterized by comprehensive product layout. The company's PCB products provide intelligent interconnection foundations for global customers in the fields of automotive electronics, communication and data infrastructure, smart terminals, industrial control, and others. The company holds a leading position in the automotive electronics PCB field and strategically focuses on the AI computing field. Automotive electronics is the company's core business area, and its automotive electronic PCB products are widely used in ADAS, infotainment systems, vehicle electronic systems, battery management systems, lighting systems, charging and distribution systems, and other fields. According to data from Zhoushi Consulting, based on the 2024 annual revenue, the company is the world's largest automotive electronic PCB supplier. Seven out of the top ten Tier 1 automotive suppliers globally are clients of the company, and its PCB products have been extensively applied in the vehicles of the world's top ten automotive groups.