02632 澤景股份
NEW VISION CO
NEW VISION CO
| Register Close | 2026/03/19 IPO Closing in 3 Days |
| Listing Date | 2026/03/24 |
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IPO Detail
COMPANY PROFILE
Jiangsu New Vision Automotive Electronics Co. focuses on HUD solutions. The Group provided comprehensive solutions that are primarily centered on CyberLens, its windshield HUD (W-HUD) solution, and CyberVision, its augmented reality HUD (AR-HUD) solution, supplemented by testing solutions and other innovative visual technology initiatives.
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The Group has built an integrated and full-range proprietary technology architecture that integrates hardware and software capabilities across optical design, mechanical engineering, electronics design, software algorithms and human-machine interface (HMI), coupled with rigorous verification and validation processes. The Group’s technology architecture encompasses core competencies in HUD solutions with unique capabilities that create sustainable market differentiations.
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The Group provides a full range of platform-based HUD solutions, including CyberLens, CyberVision, testing solutions and other innovative initiatives to meet diverse customer needs.
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According to the report, the Group ranked second among China’s HUD solution providers in terms of sales volume in 2024, with a market share of 16.2%. The Group’s customers primarily consist of automotive OEMs in China. As of the September 30, 2025, the Group had 18 automotive OEM customers and 101 design-wins.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 50 |
GLOBAL OFFERING
| No. of Offer Shares | 16.23M H shares |
| No. of International Offer Shares | 14.60M H shares |
| No. of HK Offer Shares | 1.62M H shares |
| Offer Price | $42.00 - $48.00 |
| Stock Code | 2632 |
| Sponsor(s) | Haitong International Capital Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | Haitong International Securities Company Limited, CLSA Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Patrons Securities Limited |
TIME TABLE
| Application Period | Mar 16 (Mon) - noon, Mar 19 (Thu) |
| Price Determination Date | Mar 20 (Fri) |
| Result Announcement Date | On or before Mar 23 (Mon) |
| Result Announcement Date | On or before Mar 23 (Mon) |
| Result Announcement Date | On or before Mar 24 (Tue) |
| Dealings in Shares commence on | Mar 24, 2026. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $42.00 - $48.00 |
| Capitalization | 5.18B - 5.92B |
| NAV / share ($) | $8.72 - $9.48 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 45, the net proceeds raised would be HKD 662.10M, of which |
| 46.7% : Used for production line expansion and automation and intelligentization upgrades |
| 32.4% : Enhance research and development and technological capabilities as well as upgrade existing solutions and develop new products based on homologous technologies |
| 10.9% : Potential strategic collaboration with participants across the industry value chain that are focused on optical imaging, near-eye display, wearable products and other related fields |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).