Six new stocks are available for subscription this week! This ChiNext new stock has an issue price of 69.66 yuan!

According to the current schedule, if there are no changes, there will be six new stocks available for subscription this week (from March 16 to 20). This includes one from the Shenzhen main board, two from the Sci-Tech Innovation Board, two from the ChiNext, and one from the Beijing Stock Exchange.

As of this writing, three new stocks that will be online this week have disclosed their issuance prices. The issuance price of the Sci-Tech Innovation Board stock, Vision Technology, is 22.68 yuan, with an average dynamic price-to-earnings ratio of 54.46 times in the industry over the past month. The issuance price of the ChiNext stock, Hongming Electronics, is 69.66 yuan, with an issuance price-to-earnings ratio of 33.61 times and an average dynamic price-to-earnings ratio of 54.43 times in the industry over the past month. The issuance price of the Beijing Stock Exchange stock, Yuelong Technology, is 14.04 yuan, with an issuance price-to-earnings ratio of 14.99 times.

The ChiNext stock, Hongming Electronics, which starts subscription on March 16, primarily engages in the research, production, and sales of new electronic components focusing on passive components. The company is committed to providing customers with high-performance and high-reliability electronic component products. At the same time, it is also involved in the precision components business, with products primarily used in consumer electronics fields such as tablets and laptops, as well as in new energy batteries and automotive electronic structural parts. In this IPO, Hongming Electronics aims to raise a total of 2.117 billion yuan.

The Sci-Tech Innovation Board stock, Vision Technology, which starts subscription on March 16, is a global leader in micro-display overall solutions, with its core product being silicon-based OLED micro-displays. The company provides value-added services to customers, including strategic product development, optical systems, and XR overall solutions. It is the first company in the world to achieve large-scale production of silicon-based OLED micro-displays based on 12-inch wafer backplanes and one of the few Sci-Tech enterprises globally with full-stack self-research capabilities in silicon-based OLED “display chips + micro-displays + optical systems.” In this IPO, Vision Technology aims to raise a total of 2.268 billion yuan.

The Shenzhen main board stock, Shenglong Co., which starts 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 products related to the important strategic resource molybdenum, with its main products being molybdenum concentrate and ferromolybdenum. By the end of 2024, the company expects to maintain a molybdenum metal amount and molybdenum metal production that account for over 9% of the domestic market, fully playing a key role in raw material supply. In this IPO, Shenglong Co. intends to raise 1.53 billion yuan.

The ChiNext stock, Huigu New Materials, which starts subscription on March 20, specializes in the field of polymer materials and is a platform-based functional coating material company driven by independent research and development. The company’s main business is the research, production, and sales of functional resins and functional coating materials. Leveraging the integration and collaboration of its functional resin and coating material technology platforms, the company has successfully developed a coating material system with diverse characteristics such as optical control, electrical and thermal conductivity, mechanical enhancement, and corrosion resistance. It has established an industrial layout system of “1+1+N” aimed at four downstream application scenarios: home appliances, packaging, new energy, and electronics. In this IPO, Huigu New Materials intends to raise 900 million yuan.

The Sci-Tech Innovation Board stock, Taijin New Energy, which starts subscription on March 20, primarily engages in the research, design, production, and sales of high-end green electrolytic complete equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise that can provide overall solutions for the production line of high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil internationally. It is also a major R&D and production base for precious metal titanium electrode composite materials and electronic sealing glass materials in China. The company’s products are eventually applied in fields such as large computers, 5G high-frequency communication, consumer electronics, new energy vehicles, green environmental protection, aluminum foil formation, hydrometallurgy, hydrogen energy, and aerospace military industry. In this IPO, Taijin New Energy intends to raise 990 million yuan.

It is noteworthy that, as of now, there will be four companies presenting their IPOs this week (from March 16 to 20), including Oulun Electric, Nanfang Dairy, Jieli Technology, and Anda Co., which are aiming to go public on the Beijing Stock Exchange.