Joyson Electronic warns investors after significant stock surge

Ningbo Joyson Electronic Corporation reported a cumulative stock price increase of approximately 43.39% between September 15 and September 18, 2025, significantly outperforming both the Shanghai Composite Index and the WIND Automotive Parts Index, prompting a warning of potential irrational speculation. The company emphasized that its robot component business is in an early stage, contributing less than 0.1% to revenue and not significantly impacting current performance.

The company also highlighted a potential impairment risk due to a substantial goodwill balance, which accounts for approximately 35.04% of its net assets as of June 30, 2025. Additionally, its asset-liability ratio stood at about 69.46% on the same date, exceeding industry averages for both domestic A-share and global automotive parts sectors.

Furthermore, Joyson Electronic is actively pursuing an H-share listing on the Hong Kong Stock Exchange, with an updated application submitted on August 7, 2025. This proposed listing is subject to approvals from various regulatory bodies, indicating ongoing uncertainty for investors.