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, assuming there are no changes, there will be 6 new stock offerings this week (March 16 to 20). Among them, 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 publication, the issue prices of 3 new stocks offered via online public issuance this week have been disclosed. For the STAR Market new stock, Sightway Technology’s issue price is 22.68 yuan, with an industry’s average trailing twelve-month dynamic price-to-earnings ratio of 54.46 times over the most recent month. For the ChiNext board new stock, Hongming Electronics’ issue price is 69.66 yuan, with an issue price-to-earnings ratio of 33.61 times, and the industry’s average trailing twelve-month dynamic price-to-earnings ratio over the most recent month is 54.43 times. For the Beijing Stock Exchange new stock, Yueling Technology’s issue price is 14.04 yuan, with an issue price-to-earnings ratio of 14.99 times.

Hongming Electronics, a ChiNext board new stock whose subscription period begins on March 16, mainly engages in the research, development, production, and sales of new electronic components primarily based on resistive-capacitive (RC) components. The company is committed to providing customers with high-performance, high-reliability electronic component products. In addition, the company also covers the precision subcomponents business. Its products are mainly used in consumer electronics fields such as tablets and laptop computers, as well as in fields such as new energy battery and automobile electronic structural components. For this IPO, Hongming Electronics plans to raise a total of 2.117 billion yuan.

Sightway Technology, a STAR Market new stock whose subscription period begins on March 16, is a globally leading provider of micro-display end-to-end solutions. Its core products are silicon-based OLED micro-display screens, and it provides customers with value-added services including strategic product development, optical system solutions, and XR end-to-end solutions. The company is the world’s first enterprise to realize large-scale production of silicon-based OLED micro-display screens based on 12-inch wafer backplanes, and it is also one of the few STAR Market companies globally that have end-to-end in-house research and development capabilities for the “display chip + micro-display screen + optical system” full stack for silicon-based OLEDs. For this IPO, Sightway Technology plans to raise a total of 2.268 billion yuan.

Longlong Shares, a main board new stock whose subscription period begins on March 20, is a leading large-scale molybdenum company in China. It is dedicated to the integrated development and utilization of non-ferrous metal mineral resources. During the reporting period, it mainly engaged in the production, processing, and sales of molybdenum-related products for important strategic resources. Its main products are molybdenum concentrate and ferromolybdenum. By the end of 2024, the company’s holdings of molybdenum metal and its molybdenum metal production in 2024 accounted for more than 9% each within China, fully leveraging the key role of raw material supply. For this IPO, Longlong Shares plans to raise 1.53 billion yuan.

Huiqi New Materials, a ChiNext board new stock whose subscription period begins on March 20, is a platform-based functional coating materials company focusing on the field of polymer materials and driven by independent R&D. Its main business is the research, development, production, and sales of functional resins and functional coating materials. Relying on the integrated collaboration of the two technology platforms—functional resins and coating materials—the company has successfully developed a coating materials system with multiple properties such as optical regulation, electrical conductivity and heat conduction, mechanical enhancement, and anti-corrosion and weather resistance. It has formed a “1+1+N” industrial layout system targeting four downstream application scenarios: home appliances, packaging, new energy, and electronics. For this IPO, Huiqi New Materials plans to raise 900 million yuan.

Taijin New Energy, a STAR Market new stock whose subscription period begins on March 20, mainly engages in the research, design, production, and sales of high-end green electrolytic complete sets of equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise internationally that can provide comprehensive 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 precious-metal titanium electrode composite materials and electronic sealing glass materials. The company’s product terminals are applied in fields such as large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, green environmental protection, aluminum foil conversion, wet metallurgy, hydrogen energy, and aerospace military industry. For this IPO, Taijin New Energy plans to raise 990 million yuan.

It is worth noting that, as of now, this week (March 16 to 20) will see 4 IPOs to be reviewed for the first time meeting: Oulun Electric, Southern Dairy, Jieli Technology, and Anda Shares, which are aiming to advance via an IPO on the Beijing Stock Exchange.