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, unless there are changes, this week (March 16 to 20) will see 6 new stock offerings. Of these, there is 1 on the Main Board, 2 on the STAR Market, 2 on the ChiNext Board, and 1 on the Beijing Stock Exchange.

As of the time of writing, three new shares offered online this week have disclosed their offer prices. The STAR Market new share, Shiye Tech, has an offer price of 22.68 yuan, with the most recent month’s average trailing P/E ratio in the industry at 54.46 times. The ChiNext Board new share, Hongming Electronics, has an offer price of 69.66 yuan, with an issue P/E ratio of 33.61 times, and the most recent month’s average trailing P/E ratio in the industry at 54.43 times. The Beijing Stock Exchange new share, Yuelong Technology, has an offer price of 14.04 yuan, with an issue P/E ratio of 14.99 times.

Hongming Electronics, a ChiNext Board new stock that began subscription on March 16, mainly engages in the R&D, production, and sales of new electronic components centered on resistor-capacitor components, and is committed to providing customers with high-performance, high-reliability electronic component products. At the same time, the company also operates a precision sub-components business; its products are mainly used in consumer electronics such as tablets and laptop computers, as well as in fields including new energy batteries and automotive electronic structural components. For this IPO, Hongming Electronics plans to raise a total of 2.12B yuan.

Shiye Tech, a STAR Market new stock that began subscription on March 16, is a globally leading provider of end-to-end solutions for micro-displays. Its core product is silicon-based OLED micro-display screens, and it provides customers with value-added services including strategic product development, optical systems, and comprehensive XR solutions. The company is the world’s first enterprise to realize large-scale volume production of silicon-based OLED micro-display screens based on 12-inch wafer backplanes. It is also one of the few STAR Market companies globally that has full-stack in-house R&D capabilities covering the “display chip + micro-display screen + optical system” for silicon-based OLEDs. For this IPO, Shiye Tech plans to raise a total of 2.27B yuan.

Long Sheng Shares, a Main Board new stock that began subscription on March 20, is a domestic leading large molybdenum company. It is committed to the integrated development and utilization of non-ferrous metal mineral resources. During the reporting period, its main business is the production, processing, and sales of products related to molybdenum, an important strategic resource. Its main products are molybdenum concentrates and ferromolybdenum. As of end-2024, the company’s retained molybdenum metal volume and its molybdenum metal output in 2024 both account for more than 9% domestically. It fully leverages the key role of raw material supply. For this IPO, Long Sheng Shares plans to raise 1.53 billion yuan.

Huidu New Materials, a ChiNext Board new stock that began subscription on March 20, is a company focused on the polymer materials sector, operating as a platform-based provider of functional coating materials driven by independent R&D. The company’s main business is the R&D, production, and sales of functional resins and functional coating materials. Leveraging the integration and collaboration of a dual-technology platform for functional resins and coating materials, the company has successfully developed a coating materials system with diverse properties such as optical control, electrical conductivity and heat conduction, mechanical reinforcement, corrosion resistance, and weather resistance. It has formed an “1+1+N” industrial layout system oriented toward four major downstream application scenarios: home appliances, packaging, new energy, and electronics. For this IPO, Huidu New Materials plans to raise 900 million yuan.

TaiJin New Energy, a STAR Market new stock that began subscription on March 20, mainly engages in the R&D, design, production, and sales of high-end green electrolytic complete sets of equipment, titanium electrodes, and metal-glass sealing products. It is an industry leader internationally that can provide overall solution packages for the production lines of high-performance electronic circuit copper foils and ultra-thin lithium battery copper foils. It is also a major R&D and production base in China for gold-related titanium electrode composite materials and electronic sealing glass materials. The company’s products are used in fields including large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, green environmental protection, aluminum foil formation, wet metallurgy, hydrogen energy, and aerospace and defense military industries. For this IPO, TaiJin New Energy plans to raise 990 million yuan.

It is worth noting that, as of now, there will be 4 IPO companies presenting their first offer for review this week (March 16 to 20): Ouelun Electric, Southern Dairy, GEARLI Technology, and Anda Shares, which are seeking to get through the review process for IPO listings on the Beijing Stock Exchange.