6 Stocks Will Launch IPO Subscriptions This Week! High Win Rate New Shares Are Coming

Shenglong Co., Ltd. may have a relatively high chance of winning the lottery.

According to the issuance plan, this week (March 16–20), six new stocks will be available for subscription in the A-share market: for the STAR Market, Shiya Technology and Taijin New Energy; for the ChiNext, Hongming Electronics and Huigu New Materials; for the Shenzhen Main Board, Shenglong Co., Ltd.; and for the Beijing Stock Exchange, Yuelong Technology. Shiya Technology, Hongming Electronics, and Yuelong Technology will open subscriptions on Monday, while Taijin New Energy, Huigu New Materials, and Shenglong Co., Ltd. will open on Friday.

It is worth noting that Hongming Electronics’ issue price is 69.66 yuan per share, making it the second-highest new stock issue price this year. Shenglong Co., Ltd. ranks second in issuance volume this year. This suggests that Shenglong Co., Ltd. may have a relatively high winning rate.

Data shows that Shiya Technology is a global leader in micro-display integrated solutions. Hongming Electronics is an established domestic electronic component manufacturer, capable of producing the entire industry chain from high-quality electronic materials (ceramic dielectric and conductive pastes) to electronic components, and has achieved multiple product domestications. Shenglong Co., Ltd. is a leading large-scale molybdenum company in China, dedicated to the comprehensive development and utilization of non-ferrous metal mineral resources.

Specifically, Shiya Technology’s issue price is 22.68 yuan per share, with a maximum subscription limit of 14,000 shares per account. To subscribe at the maximum, an investor needs a Shanghai market value of 140,000 yuan.

According to the prospectus, Shiya Technology is a global leader in micro-display solutions, with core products being silicon-based OLED micro-displays, providing value-added services such as strategic product development, optical systems, and XR integrated solutions. Its silicon-based OLED micro-displays are the core hardware for the next generation of intelligent terminals in the AI era.

Since its inception, the company has positioned itself as a global leader in micro-display solutions. Under the guidance of its forward-looking technical layout and industry development judgment by the core management team, it focuses on R&D of high-performance silicon-based OLED products. The company has innovatively developed a series of core technologies, including silicon-based OLED strong micro-cavity technology, silicon-based OLED crosstalk interruption technology, and silicon-based high-efficiency layered OLED full-color technology, continuously pushing the limits of product performance, process technology, and reliability, reaching or surpassing Sony in key performance, capacity, and reliability. Leveraging advanced technology and leading manufacturing capabilities, the company has broken Sony’s monopoly in traditional markets such as thermal imaging and night vision, and rapidly expanded its share in the global XR market. Currently, it is the second-largest micro-display solution provider worldwide and the leading domestic one, with shipments to top-tier global terminal manufacturers such as ByteDance, YingShi Innovation, Thunder Bird, Lenovo, and others.

From 2023 to 2025, the company expects revenue of 215 million yuan, 280 million yuan, and 513 million yuan, respectively, with net profits attributable to the parent company of -304 million yuan, -247 million yuan, and -212 million yuan.

The funds raised will be used for expanding the ultra-high-resolution silicon-based OLED micro-display production line and R&D center construction projects.

Hongming Electronics’ issue price is 69.66 yuan per share, with a maximum subscription limit of 8,500 shares per account. To subscribe at the maximum, an investor needs a Shenzhen market value of 85,000 yuan. Notably, Hongming Electronics has the second-highest issue price among new stocks this year.

The prospectus shows that Hongming Electronics mainly engages in R&D, production, and sales of new electronic components centered on resistor-capacitor devices, committed to providing high-performance, high-reliability electronic components. The company also involves precision components used in tablets, laptops, consumer electronics, new energy batteries, and automotive electronic parts.

It is one of the few domestic full-industry-chain manufacturers capable of developing everything from high-quality electronic materials (ceramic dielectric and conductive pastes) to electronic components, with multiple domestic firsts such as the first military-standard organic film dielectric capacitor production line, the first aerospace-grade MLCC line, the first military-standard positive temperature coefficient thermistor line, and the first electromagnetic interference filter line. In the field of precision components, the company has supplied well-known brands like Apple, Lenovo, and Motorola with products for tablets, laptops, and mobile phones, becoming an important supplier in Apple’s supply chain. Recently, the company has actively expanded into the new energy vehicle sector, developing products for batteries and automotive electronic components. It has obtained industry-standard certifications and meets high customer standards, beginning small-batch supply.

From 2023 to 2025, the company’s revenue is projected at 2.727 billion yuan, 2.494 billion yuan, and 2.617 billion yuan, with net profits of 412 million yuan, 268 million yuan, and 319 million yuan, respectively.

Funds raised will be used for projects including high-energy pulse capacitor industrialization, new electronic component and integrated circuit production (Phase I/II), precision component capacity enhancement, key material R&D, 3C precision components, new energy batteries, automotive electronic parts, digitalization upgrades, and working capital.

Yuelong Technology’s issue price is 14.04 yuan per share, with a maximum subscription limit of 989,600 shares per account.

The prospectus states that Yuelong Technology mainly focuses on R&D, production, and sales of flexible fluid transfer pipelines, including marine engineering flexible pipelines, land oil & gas flexible pipelines, and industrial rubber hoses. Its core products differ from traditional rubber hoses, emphasizing ultra-high pressure/high pressure, ultra-low temperature/low temperature, high temperature, corrosion, and erosion resistance for extreme working conditions. They are customized based on application scenarios and transported media, mainly used in offshore oil & gas drilling equipment, deep-sea mining, land oil & gas drilling, large oil & gas storage, and other fields like construction machinery, chemicals, rail transit, and food.

The company’s products are sold worldwide, with clients in China, Europe, the Americas, Southeast Asia, the Middle East, and Africa. Major clients include CNOOC, PetroChina, Sinopec, China Merchants Heavy Industries, CIMC Group, ExxonMobil, FET, and others. It has supplied flexible pipeline products for major projects such as China’s offshore oil drilling platforms “Ocean Oil 981,” “Ocean Oil 982,” “D90 Blue Whale 1,” and “D90 Blue Whale 2.”

From 2023 to 2025, revenue is expected to be 219 million yuan, 268 million yuan, and 289 million yuan, with net profits of 61 million yuan, 83 million yuan, and 90 million yuan.

Funds raised will be invested in new offshore oil rubber hose production, intelligent upgrade of rubber hose manufacturing facilities, high-end hose R&D center, and marketing network construction.

Taijin New Energy’s maximum subscription per account is 9,500 shares, with a maximum of 95,000 yuan market value needed for full subscription.

The prospectus shows that Taijin New Energy specializes in R&D, design, production, and sales of high-end green electrolytic equipment, titanium electrodes, and metal-glass sealed products. It is a leading enterprise globally providing integrated solutions for high-performance electronic circuit copper foil and ultra-thin lithium-ion copper foil production lines, and a major domestic R&D and manufacturing base for precious metal titanium electrodes and electronic sealing glass materials. Its products are used in large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, environmental protection, aluminum foil processing, hydrometallurgy, hydrogen energy, aerospace, and military fields.

From 2023 to 2025, revenue is projected at 1.669 billion yuan, 2.194 billion yuan, and 2.395 billion yuan, with net profits of 155 million yuan, 195 million yuan, and 204 million yuan.

Funds raised will be used for green electrolytic high-end intelligent equipment industrialization, high-performance composite coating titanium electrode materials, and corporate R&D center projects.

Huigu New Materials’ maximum subscription per account is 4,000 shares, with a market value of 40,000 yuan required for full subscription.

The prospectus states that Huigu New Materials is a platform-based functional coating material enterprise focused on high-polymer materials, driven by independent R&D, aiming to become a global leader in functional materials technology innovation.

Its main business involves R&D, production, and sales of functional resins and coating materials, with a focus on molecular design, key technology development, and industrialization of core functional resins. The company has established two major technology platforms for functional resins and coatings, creating a competitive barrier. It has developed coating systems with optical regulation, electrical conductivity, thermal conductivity, mechanical reinforcement, corrosion resistance, and weatherability, forming a “1+1+N” industrial layout for home appliances, packaging, new energy, and electronics.

From 2023 to 2025, revenue is expected to be 717 million yuan, 817 million yuan, and 985 million yuan, with net profits of 109 million yuan, 146 million yuan, and 207 million yuan.

Funds raised will be used for the Qingyuan Huigu New Materials environmental coating and resin expansion project, R&D center, production line upgrades, and working capital.

Shenglong Co., Ltd. plans to issue 215 million shares, with a maximum subscription of 45,000 shares per account. To subscribe at the maximum, an investor needs a Shenzhen market value of 450,000 yuan. Notably, Shenglong Co., Ltd. ranks second in issuance volume this year, indicating a potentially high winning rate.

The prospectus shows that Shenglong Co., Ltd. is a leading large-scale molybdenum enterprise in China, focusing on the comprehensive development and utilization of non-ferrous metal resources. During the reporting period, it mainly engaged in the production, processing, and sales of strategic molybdenum products, including molybdenum concentrates and molybdenum iron.

The company’s production capacity is prominent. According to the US Geological Survey (USGS), China’s molybdenum metal output in 2024 is estimated at about 110,000 tons, with Shenglong’s projected output at 10,600 tons, accounting for 9.64% of China’s total. It is one of China’s important molybdenum suppliers. The company’s mining resources are located in the Dongqinling molybdenum belt, China’s largest molybdenum mineralization zone, with significant reserves and good development prospects. Its location advantage is clear: Luanchuan County in Luoyang City, home to the Nandihu molybdenum mine, is known as the “Molybdenum Capital of China,” with proven molybdenum reserves ranking first in the world. It is the top molybdenum and tungsten-producing county nationwide, with the most active molybdenum trading community in China and globally, giving the company a unique advantage in production and sales in this region.

From 2023 to 2025, revenue is expected to be 1.957 billion yuan, 2.864 billion yuan, and 3.503 billion yuan, with net profits of 619 million yuan, 757 million yuan, and 884 million yuan.

Funds raised will be used for projects including the Songxian Angou molybdenum polymetallic mining and beneficiation project, mining technology R&D center, working capital, and debt repayment.

Proofreader: Zhao Yan