Stock Abbreviation: Senssun Stock Code: 002870
Guangdong Senssun Weighing Apparatus Group Ltd.
[Chart: Company Logo]
Location: Baishawan Industrial Park, East Side of Qiwandao, East District, Zhongshan City
2025 Prospectus for Issuance of Shares to Specific Targets (Registration Revised Draft)
Sponsor (Lead Underwriter): Yongxing Securities Company Limited
Address: Floors 8-11, No. 565, 577 Haiyan North Road, Yinzhou District, Ningbo City, Zhejiang Province
Date: June 2026
Statement
The Company and all directors and senior management warrant that the contents of this prospectus are true, accurate, and complete, free from false records, misleading statements, or material omissions, and they assume corresponding legal liabilities in accordance with the principle of good faith.
The Company's controlling shareholder and actual controller warrant that this prospectus and other information disclosure materials are free from false records, misleading statements, or material omissions, and they assume corresponding legal liabilities for their truthfulness, accuracy, and completeness.
The Company's person-in-charge, the person-in-charge of accounting work, and the person-in-charge of the accounting department guarantee the truthfulness and completeness of the financial and accounting data in this prospectus.
Any decision or opinion made by the CSRC or the Shenzhen Stock Exchange regarding this issuance does not imply their guarantee of the truthfulness, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue statement.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Significant Matters Notice
The Company requests investors to carefully read "Section VII: Risk Factors Related to This Issuance" in this prospectus and pay special attention to the following:
I. Special Risk Warnings
(I) Risk of Market Volatility in the Automotive Industry
Automotive production and sales are significantly influenced by the macroeconomy. Global and domestic cyclical economic fluctuations affect automotive production and consumption. During economic upturns, the industry grows rapidly; conversely, during downturns, growth slows, potentially leading to reduced orders, inventory backlogs, and difficulties in collecting payments. Additionally, international conflicts and global economic downturns may adversely affect the expected recovery of the automotive industry, impacting the Company's automotive parts business.
(II) Risk of Intensified Market Competition
In recent years, the global automotive market has undergone profound changes. The rapid development of the Chinese automotive industry, particularly the resilience of the new energy vehicle (NEV) market, has led to shifts in production and organizational relationships. If the Company fails to keep pace with industry developments, improve competitiveness, and respond to market demand changes, it will face significant market competition risks.
(III) Risk of Changes in NEV Industry Policies
A significant portion of the Company's automotive parts business is derived from NEV-related products such as charging assemblies, power distribution assemblies, charging piles, and charging facilities. During the reporting period, revenue from these segments was 944.1805 million yuan, 986.5471 million yuan, and 1,367.2361 million yuan, respectively. Future adverse changes in domestic or international industrial policies could negatively impact the Company's operations.
(IV) Risk of Operating Performance Fluctuations