Six new shares to subscribe this week! This Chinext new share with an issuing price of 69.66 yuan!

According to current plans, there will be six new stock subscriptions this week (March 16 to 20), with one on the Shenzhen Main Board, two on the STAR Market, two on the ChiNext, and one on the Beijing Stock Exchange.

As of the time of publication, the three newly issued stocks this week have disclosed their offering prices. The STAR Market new stock, Shiya Technology, has an issue price of 22.68 yuan, with the industry’s average dynamic price-to-earnings ratio over the past month at 54.46 times. The ChiNext new stock, Hongming Electronics, has an issue price of 69.66 yuan, with an IPO PE ratio of 33.61 times, and the industry’s recent one-month average dynamic PE ratio at 54.43 times. The Beijing Stock Exchange new stock, Yuelong Technology, has an issue price of 14.04 yuan, with an IPO PE ratio of 14.99 times.

The ChiNext new stock, Hongming Electronics, which started subscription on March 16, mainly engages in the research, production, and sales of new electronic components such as resistor-capacitor devices, focusing on providing high-performance, highly reliable electronic components to customers. The company also involves in precision small parts, mainly used in consumer electronics like tablets and laptops, as well as in new energy batteries and automotive electronic structural parts. For this IPO, Hongming Electronics aims to raise 2.117 billion yuan.

The STAR Market new stock, Shiya Technology, also started subscription on March 16, is a leading global provider of micro-display integrated solutions, with core products being silicon-based OLED micro-displays. The company offers value-added services including strategic product development, optical systems, and XR integrated solutions. It is the world’s first company to achieve large-scale production of silicon-based OLED micro-displays using 12-inch wafer backplanes and is among the few global tech companies with full-stack self-developed capabilities for “display chips + micro-displays + optical systems.” For this IPO, Shiya Technology plans to raise 2.268 billion yuan.

The Shenzhen Main Board new stock, Shenglong Co., which started subscription on March 20, is a leading large molybdenum company in China, dedicated to the comprehensive development and utilization of non-ferrous metal mineral resources. During the reporting period, it mainly engaged in the production, processing, and sales of molybdenum-related products, including molybdenum concentrate and molybdenum iron. By the end of 2024, the company’s molybdenum metal reserves and production are expected to account for over 9% of the domestic market, playing a key role in raw material supply. For this IPO, Shenglong Co. plans to raise 1.53 billion yuan.

The ChiNext new stock, Huigu New Materials, which started subscription on March 20, is a platform-based functional coating materials company focused on high polymer materials driven by independent R&D. Its main business includes the research, production, and sales of functional resins and coating materials. Leveraging the integration of its dual technological platforms for functional resins and coating materials, the company has successfully developed coating systems with multiple features such as optical regulation, electrical and thermal conductivity, mechanical reinforcement, and corrosion resistance. It has established a “1+1+N” industrial layout targeting home appliances, packaging, new energy, and electronics. For this IPO, Huigu New Materials aims to raise 900 million yuan.

The STAR Market new stock, Taijin New Energy, which started subscription on March 20, mainly engages in the research, design, production, and sales of high-end green electrolyzer equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise globally capable of providing complete solutions for high-performance electronic circuit copper foil and ultra-thin lithium-ion copper foil production lines. It is also a major R&D and manufacturing base for precious metal titanium electrodes and electronic sealing glass materials in China. Its products are used in large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, environmental protection, aluminum foil rolling, hydrometallurgy, hydrogen energy, aerospace, and military fields. For this IPO, Taijin New Energy plans to raise 990 million yuan.

Notably, four companies—Oulun Electric, Southern Dairy, Jieli Technology, and Anda Co.—are scheduled to have their IPOs reviewed this week (March 16 to 20) as they prepare to challenge the Beijing Stock Exchange.

Proofread: Xu Xin