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 arrangements, if there are no changes, there will be 6 new share offerings this week (March 16 to 20). Among them, 1 will be from the main board of the Shenzhen Stock Exchange, 2 from the STAR Market, 2 from the ChiNext board, and 1 from the Beijing Stock Exchange.

As of the time of this release, the 3 new shares issued online this week have disclosed their issue prices. For the STAR Market new share, Sightera Technology’s issue price is RMB 22.68, with an industry average trailing P/E ratio over the past month of 54.46x. The ChiNext new share Hongming Electronics’ issue price is RMB 69.66, with an issue P/E ratio of 33.61x, and an industry average trailing P/E ratio over the past month of 54.43x. The Beijing Stock Exchange new share Yueling Technology’s issue price is RMB 14.04, with an issue P/E ratio of 14.99x.

The ChiNext new share Hongming Electronics, which started its subscription on March 16, mainly engages in the research, development, production, and sales of new electronic components primarily based on resistor-capacitor components. The company is committed to providing customers with high-performance, high-reliability electronic component products. At the same time, the company also involves precision subassembly components; its products are mainly used in consumer electronics fields such as tablet computers and laptop computers, as well as in new energy battery and automotive electronic structural components. For this IPO, Hongming Electronics plans to raise a total of RMB 2.12B.

Sightera Technology, the STAR Market new share that started its subscription on March 16, is a globally leading provider of end-to-end microdisplay solutions. Its core products are silicon-based OLED microdisplays, and it provides value-added services to customers, including strategic product development, optical systems, and full XR solution services. The company is the world’s first enterprise to achieve large-scale production of silicon-based OLED microdisplays based on 12-inch wafer backplane structures. It is also among the very few STAR Market companies worldwide that have end-to-end in-house R&D capabilities for the “display chip + microdisplay screen + optical system” of silicon-based OLED. For this IPO, Sightera Technology plans to raise a total of RMB 2.27B.

Shenglong Co., Ltd., the Shenzhen main board new share that started its subscription on March 20, is a leading large molybdenum company in China. It is dedicated to comprehensive development and utilization of non-ferrous metal mineral resources. In the reporting period, it mainly conducted the production, processing, and sales of products related to molybdenum, an important strategic resource. Its main products are molybdenum concentrate and ferromolybdenum. By the end of 2024, the company’s molybdenum metal holdings and its molybdenum metal production in 2024 both accounted for more than 9% domestically, fully playing the key role of raw material supply. For this IPO, Shenglong Co., Ltd. plans to raise RMB 1.53 billion.

Huiqu New Materials, the ChiNext new share that started its subscription on March 20, is a company focused on the field of polymer materials, and a platform-based functional coating materials enterprise driven by independent R&D. The company’s principal business is the research, development, production, and sales of functional resins and functional coating materials. Relying on the integrated collaboration of its functional resin and coating materials dual technology platforms, the company has successfully developed coating material systems with diverse properties such as optical modulation, conductive/heat-conductive performance, mechanical enhancement, and corrosion resistance/weather resistance. It has formed an “1+1+N” industrial layout system oriented to four downstream application scenarios: home appliances, packaging, new energy, and electronics. For this IPO, Huiqu New Materials plans to raise RMB 900 million.

TaiJin New Energy, the STAR Market new share that started its subscription on March 20, mainly engages in the R&D, design, production, and sales of high-end green electrolytic turnkey equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise in the international market that can provide complete turnkey solutions for high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production lines. It is also a major R&D and production base in China for noble-metal titanium electrode composite materials and electronic sealing glass materials. The company’s products are used in end markets including large computers, 5G high-frequency communications, consumer electronics, new-energy vehicles, green environmental protection, aluminum foil conversion, wet metallurgy, hydrogen energy, and aerospace military and defense industries. For this IPO, TaiJin New Energy plans to raise RMB 990 million.

It is worth noting that, as of now, there will be 4 IPOs scheduled for review this week (March 16 to 20): Ou Lun Electrical, Southern Dairy, Jieli Technology, and Ande Shares, which are seeking to advance to the Beijing Stock Exchange IPO stage.