What is the relationship between SuzhouWalter Electronics and Junwei Electronics

According to the latest public information, Suzhou Walter Electronics Co., Ltd. (referred to as "Suzhou Huade") is a wholly-owned subsidiary of Junwei Electronic Technology Co., Ltd. (referred to as "Junwei Electronics") and an important cornerstone of Junwei Electronics' business map.
In order for you to quickly understand the relationship and respective roles of the two companies, I have compiled the following table:
|Features | Suzhou Huade Electronics Co., Ltd. | Junwei Electronic Technology Co., Ltd|
|Company Relations | A wholly-owned subsidiary of Junwei Electronics | Parent Company, Group Headquarters|
|Established | 2000 | 2014|
|Role positioning | One of the production bases and sales centers of the group in China, with over 20 years of experience in the fuse industry. |The listed entity is responsible for overall strategy, capital operation, and resource integration.  |
|Main Business | Focused on the research and development, production, and sales of fuse series products. |Mainly engaged in the design, research and development, manufacturing, and sales of precision resistors and fuses for current sensing.  |
Complementary and integrated
The relationship between Junwei Electronics and Suzhou Huade is not a simple investment, but a deep complementary advantage and business integration:
The infusion of history and experience: Suzhou Huade was founded in 2000 and had been deeply involved in the field of fuses for many years before the establishment of Junwei Electronics in 2014. Junwei Electronics has directly incorporated Suzhou Huade's over 20 years of industry experience, production technology, and mature brands (such as "Huade" and "Walter") into its own system through acquisition. This has laid a solid foundation for the rapid development of Junwei Electronics.
Collaboration between Business and Products: After integration, Junwei Electronics has formed two major product lines with current sensing precision resistors and fuses as the core. Suzhou Huade played the role of the core operation platform for the fuse business and utilized its mature sales network to assist in the sales of the group's resistor products, achieving synergies in research and development, production, and sales channels.
Joining hands to enter the capital market
This close collaborative relationship has also become one of the important stories of Junwei Electronics' impact on the capital market. According to public information, Junwei Electronics obtained approval from the China Securities Regulatory Commission in November 2024 to apply for registration for an IPO on the ChiNext board.
I hope the above information can help you clearly understand the relationship between the two. If you are interested in the IPO progress of Junwei Electronics or its specific clients (such as Company A, Samsung, Xiaomi, etc. mentioned), I can provide you with more relevant information.