The public offering for JOYSON ELEC's Hong Kong IPO closed on November 3, with the final H-share price set at HK$22 per share. Brokerage data shows that the public offering portion of JOYSON ELEC's Hong Kong IPO was oversubscribed by 120 times, far exceeding its peers in the auto parts sector listed around the same time.

Market observers noted that JOYSON ELEC's leading position in the auto parts industry has been widely recognized, particularly as the world's second-largest automotive safety company with a deep moat. However, its recent progress in humanoid robotics has drawn even greater attention.

This year, JOYSON ELEC has repositioned itself as an "Automotive + Robotics Tier 1" supplier, aiming to build a second growth curve. The company provides key components such as central controllers, energy management modules, and high-performance robotic exoskeletons, as well as integrated hardware-software solutions including dexterous hands, head assemblies, and torso-chassis systems for global automakers and robotics firms.

Public information reveals that overseas, JOYSON ELEC has begun mass deliveries of robotic rear head, neck, shoulder, knee, and finger components to a leading North American robotics company, while collaborating on next-generation head display solutions and assembly supply. Domestically, it has partnered with top clients like Zhiyuan Robotics and Galaxy General, supplying customized main control boards in bulk. Samples of various precision IMUs and customized fisheye cameras are being delivered, alongside customized battery packs integrating high-energy-density cells and smart battery management systems, as well as high-power wireless charging products supporting fast charging.