Domestic HUD company Zejing Co., Ltd. listed on the Hong Kong Stock Exchange: Shunwei Capital is the largest external shareholder

GateUser-bd883c58 · 2026-03-27T07:51:32+00:00

Ask AI · Can Zejing Corporation accelerate to catch up with Huayang Group after going public?DoNews, March 24 — Just now, the "First Chinese HUD (Head-Up Display) Stock" Jiangsu Zejing Automotive Electronics Co., Ltd. (hereinafter referred to as "Zejing") officially listed on the Hong Kong Stock Exchange. Zejing was priced at HKD 44.2 per share, opened at HKD 43.9 per share, and as of the time of writing, the total market value is approximately HKD 4.134 billion, with a net fundraising amount of about HKD 650 million.According to the prospectus, after listing, the group of concerted actors led by Chairman Zhang Tao and his brother Zhang Bo collectively controls 38.79% of the company's shares. Based on the current market value, the combined net worth of Zhang Tao and Zhang Bo exceeds HKD 1.6 billion.Among external shareholders, Lei Jun's Sinovation Capital's Golden Growth holds 6.15% of the shares, corresponding to a value of about HKD 250 million, making it the largest external shareholder; Geely Holdings-related party Qianzhang Yuan holds 6.11%, corresponding to

GateUser-bd883c58

2026-03-27 07:51:32

Can AI help Zhejing Co., Ltd. accelerate its pursuit of Huayang Group after going public?

DoNews, March 24 - Just now, “the first domestic HUD (Head-Up Display) stock” Jiangsu Zhejing Automotive Electronics Co., Ltd. (hereinafter referred to as “Zhejing Co.”) officially listed on the Hong Kong Stock Exchange. Zhejing Co. priced its shares at HKD 44.2 each, opening at HKD 43.9 per share today, and as of the time of this report, the total market value is approximately HKD 4.134 billion, with a net fundraising amount of about HKD 650 million.

According to the prospectus, after the listing, a concerted action group led by Chairman Zhang Tao and his brother Zhang Bo collectively controls 38.79% of the company’s shares. Based on the current market value, the combined net worth of the Zhang brothers has surpassed HKD 1.6 billion.

Among external shareholders, Lei Jun’s Shunwei Capital holds 6.15% of the shares through its Golden Growth III fund, corresponding to a value of about HKD 250 million, making it the largest external shareholder; parties related to Geely Holding hold 6.11%, corresponding to a value of about HKD 250 million; New Ding Capital’s Kenge Capital holds 4.68%, corresponding to a value of about HKD 190 million; and FAW Group holds 2.31%, corresponding to a value of about HKD 95 million.

In May 2025, when Zhejing Co. first submitted its prospectus, Chuangyebang had conducted an in-depth follow-up report. Now officially landing on the Hong Kong Stock Market, this company, founded by two brothers and backed by multiple automotive capital investors, has become an important player in the industrial landscape of Yangzhou, the “Automobile Capital.”

From the industry perspective, in 2024, the top five suppliers in China’s automotive HUD market will collectively hold 66.5% of the market share, with Zhejing Co. firmly in second place with a 16.2% market share, only behind the A-share listed company Huayang Group.

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