Zejing Electronics Lists on HKEX as the First HUD Stock

[Company Listing] Zejing Electronics has successfully listed on the Hong Kong Stock Exchange, becoming China's first automotive HUD stock.

Core Development: Domestic AR-HUD Manufacturer Embarks on Global Capital Pathway

Zejing Electronics (2632.HK) was listed on the Main Board of the Hong Kong Stock Exchange on March 24, 2026, raising net proceeds of approximately HK$650 million through a global offering of 16,226,500 H-shares at an issue price of HK$44.20 per share.

Key Metrics: Nearly 500,000 Units Standard-Fitted in 2025; AR-HUD Growth Impressive

According to data from Gasgoo Automotive Research Institute, in 2025, Zejing’s HUD units standard-fitted in vehicles reached 499,756 units, capturing a market share of 11.4%, ranking second domestically. Of these, 115,989 units were AR-HUDs, holding a 7.2% market share, placing fifth in the segment. During the same period, China’s passenger vehicle pre-installed AR-HUD deliveries totaled 1.55 million units, surging 75.28% year-over-year.

Strategic Foundation: Betting on Intelligent Cockpit Interaction Gateway and Accelerating Overseas Technology Expansion

As an intelligent cockpit visual solutions provider specializing in W/AR-HUD, Zejing has consistently invested in AR-HUD R&D since its founding in 2015, leveraging the Hong Kong listing platform to strengthen its global supply chain and customer expansion capabilities.