Amidst the ongoing transformation of the manufacturing sector and the ever-widening array of downstream applications, precision structural components—vital elements in strategic fields like electronic information and new energy vehicles—are seizing fresh growth prospects. On June 22, 2026, Zhuhai Fuji Intelligence Co., Ltd. (hereinafter 'Fuji Intelligence') successfully navigated the Beijing Stock Exchange (BSE) listing review, signaling the imminent arrival of this nationally recognized specialized and innovative 'Little Giant' enterprise onto the capital market stage.

The sponsor (lead underwriter) for this offering is Great Wall Securities Co., Ltd., with Zhongxinghua Certified Public Accountants LLP (special general partnership) serving as the auditor, and Guangdong Guangxin Junda Law Firm providing legal counsel.

01 Dual-Engine Strategy Propels Steady Performance Growth

Established in 2004, Fuji Intelligence is a specialist in the research, development, production, and marketing of precision structural components for consumer electronics and automotive sectors. The company boasts a fully independent production system, encompassing material development to product manufacturing, with core strengths in material modification, mold development, precision machining, surface treatment, and automation technologies.

As per the prospectus, the company's main business revenue has witnessed a consistent upward trajectory over the past three years. From 2023 to 2025, Fuji Intelligence recorded revenues of RMB 862 million, RMB 975 million, and RMB 1.189 billion, respectively, marking year-on-year growth of 13.14% in 2024 and 22.01% in 2025. Net profit attributable to shareholders reached RMB 30.932 million, RMB 81.8396 million, and RMB 87.5411 million, respectively, underscoring a robust profit model and formidable risk and growth resilience.

02 Deep-Rooted Partnerships with Global Consumer Electronics Leaders

In the precision structural components arena for consumer electronics, Fuji Intelligence has forged alliances with international giants like Panasonic and Sony since its inception. These clients set stringent benchmarks for joint R&D, product quality, and supply chain reliability, aiding the company in refining its comprehensive service capabilities. Leveraging its extensive experience in serving overseas titans, the company successfully penetrated the supply chains of domestic luminaries such as Hisense, TCL, BOE, Changhong, and iFLYTEK.

Remarkably, the company has seamlessly integrated into the global supply chain frameworks of mainstream TV brands in the display terminal sector. Among the world's top ten TV brands, all except Samsung are its end customers (Samsung, the global shipment leader, primarily sources its display terminal structural components from Vietnam and South Korea). Particularly in the ultra-large-size TV structural components segment, the company commands a strong competitive edge. Based on its shipment volume as a share of global TV shipments, its 85-100-inch products accounted for 16.29% to 28.88% in 2025, while 100-inch and larger products reached up to 42.36% to 69.85%.

The company has garnered numerous accolades, including Excellent Supplier and Outstanding Contribution Awards, from domestic and international clients such as Sony, Panasonic, LGE, Fujifilm, TCL, and Hisense, cementing its industry-leading position in precision structural components for display terminals and digital cameras.

03 Penetrating the Core Supply Chain of New Energy Automotive Electronics

In the automotive precision structural components business, its subsidiary Zhuoyuan has amassed substantial technical know-how and high-quality customer connections through years of dedicated focus on battery cell structural components. Its flagship product, the explosion-proof valve, is a critical safety component for new energy vehicle battery cells. The company's foothold in this niche market is steadily strengthening, with its 2025 market share for explosion-proof valve shipments hovering around 7.29%.

Through partners like Zhenyu Technology, Zhongze Technology, Shengshi Technology, and LY ITECH, its products cater to mainstream lithium battery enterprises including CATL, Eve Energy, and Gotion High-Tech, while also directly serving Roypower. Its professional acumen has been highly lauded by upstream and downstream partners, earning awards such as Zhenyu Technology's 'Excellent Supplier' and Nanjing Shengshi's 'Outstanding Strategic Partner'.

Moreover, the company's self-developed precision structural components for automotive cameras have commenced mass shipments to Baolong Technology and secured supplier status from BYD and LCE. Its IGBT heat sink substrates have also successfully infiltrated the supply chains of BYD and Shanghai Drive. The introduction of multiple new products is poised to serve as a fresh growth catalyst for the company's automotive business segment.

04 306 Technical Patents Bolster Competitive Edge

The company consistently places technological innovation at the forefront of its strategy. As of December 31, 2025, the company and its subsidiaries have secured 60 invention patents, 240 utility model patents, and 6 design patents, totaling 306, with a wealth of achievements in technology commercialization.

Fuji Intelligence's core competitiveness is first and foremost reflected in its material modification capabilities. The company can simultaneously enhance strength, toughness, weather resistance, and thermal conductivity by fine-tuning aluminum alloy compositions. For instance, its neutral salt spray test duration surpasses 480 hours, double the client requirement; graphene-enhanced aluminum matrix composites demonstrate a 50%-102% surge in thermal conductivity and a 50%-58% improvement in tensile strength compared to untreated samples.

Furthermore, the company has been honored as a national-level specialized and innovative 'Little Giant', a specialized and innovative SME in Guangdong Province, and an innovative SME in Guangdong Province. Multiple products have been lauded as famous and high-quality high-tech products in Guangdong Province, and several engineering technology research centers have received provincial and municipal accreditations.

05 RMB 278 Million Raised to Fortify New Energy Industry Footprint

In this IPO, Fuji Intelligence aims to raise approximately RMB 278 million, primarily earmarked for projects including precision battery cell structural components, precision automotive camera structural components, and R&D innovation center construction.

The fundraising investment (project investment) sites are strategically located in Hefei—a pivotal hub of the Yangtze River Delta's new energy vehicle industry. The region already houses complete vehicle (vehicle) enterprises such as BYD, NIO, and Volkswagen Anhui, as well as battery manufacturers like Gotion High-Tech, fostering a significant industrial clustering effect. By establishing a new production base in Hefei, the company can better cater to downstream clients, shorten supply cycles, reduce transportation costs, and optimize capacity allocation from South China to East China.

According to EVTank projections, the global lithium battery shipment CAGR is expected to reach around 19% from 2026 to 2030. The sustained growth in power batteries and energy storage batteries will furnish long-term expansion opportunities for the company's battery cell structural components business.

From consumer electronics to new energy vehicles, and from material modification to precision manufacturing, Fuji Intelligence has cultivated a cross-industry technological foundation. As end products evolve towards high-end, lightweight, and personalized designs, enterprises with fully autonomous production systems will continue to garner higher client loyalty and stronger bargaining power.

Note: This article is compiled based on publicly available information. For any feedback, please contact Quanjing Network for clarification.

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