Tomorrow, the new stock with a "high school sign-up rate" is coming.

Based on the current issuance schedule, there will be 3 new stock offerings next week. Each of the Beijing Stock Exchange, the STAR Market, and the ChiNext will have 1 new stock offering.

In the schedule, on Monday (March 30) you can apply for the STAR Market offering of Youyan Fucai and the Beijing Stock Exchange offering of Saiying Electronics. On Friday (April 3) you can apply for the ChiNext offering of Dapuwei. Among them, Youyan Fucai is the new stock with the lowest offering price since this year, and the subscription completion rate may be relatively high.

Youyan Fucai is a leading domestic metal-matrix composite materials company.

The offering price of Youyan Fucai is 6.41 yuan per share, with an earnings multiple of 58.09 times. The reference industry earnings multiple is 36.24 times. The company’s total number of shares for this public offering is 130.4351 million shares. The online issuance subscription upper limit is 18,000 shares. To subscribe at the cap, you need to allocate 180,000 yuan in Shanghai market value.

According to Wind data, Youyan Fucai is the new stock with the lowest offering price in A-shares since this year. The amount payable for one lot (500 shares) is only 3,205 yuan. At the same time, Youyan Fucai is the new stock ranked 4th by the number of shares issued since this year, and among STAR Market new stocks this year it ranks 2nd. This suggests that the subscription completion rate for Youyan Fucai may be relatively high.

Youyan Fucai mainly engages in R&D, production, and sales of metal-matrix composite materials and products, as well as special nonferrous metal alloy products. Its main products include metal-matrix composite materials and products, bimetal composite materials and products, special aluminum alloy products, and special copper alloy products, among others. The company’s products are widely used in fields such as aerospace, defense electronics, smart terminals, and home appliances‌.

In terms of performance, in 2023, 2024, and 2025, Youyan Fucai’s operating revenue was 498 million yuan, 610 million yuan, and 575 million yuan, respectively, and its net profit was 54 million yuan, 66 million yuan, and 68 million yuan, respectively.

Saiying Electronics is a “little giant” company in power semiconductor ceramic packaging.

The offering price of Saiying Electronics is 28 yuan per share, with an earnings multiple of 13.79 times.

Saiying Electronics focuses on the R&D, manufacturing, and sales of ceramic tube shells and packaging heat-dissipation substrates. Its products are mainly used in power semiconductor devices such as thyristors, IGBTs, and IGCTs. It is a leading benchmark enterprise in the domestic power semiconductor ceramic packaging sector and a national-level “specialized, innovative, and strong” “little giant” enterprise. The company’s core customers include leading power semiconductor companies such as CRRC Times, Infineon, Hitachi Energy, Star Semiconductor, Hongwei Technology, and others.

In terms of performance, in 2023, 2024, and 2025, Saiying Electronics’s operating revenue was 321 million yuan, 457 million yuan, and 600 million yuan, respectively, and its net profit was 55 million yuan, 74 million yuan, and 88 million yuan, respectively.

Dapuwei is a leading domestic enterprise-level SSD (solid-state drive) company.

The total number of shares for Dapuwei’s public offering is 43.6216 million shares. The online issuance subscription upper limit is 6,500 shares. To subscribe at the cap, you need to allocate 65,000 yuan in Shenzhen market value.

Dapuwei mainly engages in the R&D and sales of enterprise-level SSD products for data center enterprises. It is a leading provider in the industry and one of the very few in China that possesses full-stack in-house development capabilities for enterprise-level SSDs—“controller chip + firmware algorithms + module”—and that has achieved bulk shipments. The company is a semiconductor storage product supplier.

The downstream customers and end users covered by Dapuwei include: Google, ByteDance, Tencent, Alibaba, JD.com, Baidu, Meituan, Kuaishou, DeepSeek, Xiaohongshu, Didi, and other major domestic and international internet, cloud computing, and AI companies; as well as major domestic server manufacturers such as New H3C, Inspur, ZTE, Huakun Zhenyu, Lenovo, and others; and the three major telecom carriers such as China Telecom, China Mobile, and China Unicom, along with well-known companies in the financial, power, and other industries.

In terms of performance, in 2023, 2024, and 2025, Dapuwei’s operating revenue was 519 million yuan, 962 million yuan, and 2,289 million yuan, respectively, and its net profit was -617 million yuan, -191 million yuan, and -481 million yuan, respectively. Dapuwei is the first non-profitable company whose registration for a ChiNext IPO was approved. The company expects to turn profitable at the earliest in 2026.

A large volume of information and precise interpretation—right on the Sina Finance APP