The two major leaders are here! Two new stocks are available for subscription this week, both on Wednesday.

Two industry leaders will offer subscriptions this week.

According to the issuance schedule, from May 11 to May 15, there will be 2 new stock subscriptions in the A-share market: Jiade Li on the Shanghai Main Board and Huikang Technology on the Shenzhen Main Board. Both will open for subscription this Wednesday.

According to available information, Jiade Li is a globally leading manufacturer of BOPP electrical insulation films; Huikang Technology focuses on the refrigeration sector and is a leading enterprise in China’s segmented ice machine industry.

Specifically, Jiade Li’s subscription cap for a single account is 11,000 shares. To subscribe at the maximum level, investors need to hold a Shanghai market value of 110,000 yuan.

The prospectus shows that Jiade Li is a national-level “Little Giant” enterprise specializing in the R&D, production, and sales of BOPP electrical insulation films, as well as a high-tech enterprise. It has been deeply involved in the BOPP electrical insulation film field for more than 20 years and has a rich and highly competitive matrix of product reserves. The company’s products are applied in fields including power, telecommunications, home appliances, and rail transit, and it is gradually expanding into emerging areas such as new energy vehicles, renewable energy, flexible HVDC transmission and transformation, and composite current collectors.

Through long-term technological R&D and process accumulation, the company has continued to achieve breakthroughs in key technical indicators such as product ultra-thinning, high-temperature resistance, and high-voltage resistance. Currently, across different product specifications and series, it can achieve stable mass production of signature products including 1.9μm ultra-thin films, 125℃ ultra–high temperature resistant films, 900V ultra-thin films, and 2000V special pulse thin films. These products are widely used in emerging fields such as new energy vehicles, renewable energy, and flexible HVDC transmission and transformation. The company’s technical strength is at the industry-leading level, and its products maintain good consistency. It has established stable cooperation with leading domestic film capacitor manufacturers such as Farat Electronic (600563) and Eagle Peak Electronics, as well as international leading film capacitor manufacturers such as TDK and KEMET, earning strong recognition from numerous downstream customers. According to statistics from the China Electronic Components Industry Association, in 2024, the company ranked second globally and first domestically in sales revenue of polypropylene films for capacitors, with global and domestic market shares of 11.7% and 16.4%, respectively.

For fiscal years 2023 through 2025, the company’s operating revenue was 528 million yuan, 734 million yuan, and 757 million yuan, respectively, while its net profit attributable to owners of the parent company was 141 million yuan, 238 million yuan, and 244 million yuan, respectively.

The funds raised in this offering will be used to build a new Jiade Li Xiamen new materials production base (Phase I) and to supplement working capital.

Huikang Technology’s subscription cap for a single account is 14,500 shares. To subscribe at the maximum level, investors need to hold a Shenzhen market value of 145,000 yuan.

The prospectus shows that Huikang Technology is deeply involved in the refrigeration sector and is a national-level high-tech enterprise with refrigeration equipment R&D, production, and sales as its core business. Its main products include ice machines, refrigerators, cold storage cabinets, and wine cabinets, mainly used in both residential and commercial sectors.

Relying on a diversified product matrix, reliable quality assurance, an efficient delivery system, and flexible customization capabilities, the company’s core product—ice machines—has successfully covered more than 80 countries and regions worldwide, including major markets such as China, the United States, Canada, Australia, Mexico, Germany, Sweden, and Brazil. The company has strong market competitiveness and a leading industry position in the ice machine sector. According to proof from the China Light Industry Machinery Association, from 2022 to 2024, the company ranked first in the domestic sales market share of ice machines and also ranked first in the domestic consumer segment market share; in the global market, its market share in ice machines ranks among the top, with the highest global consumer market share for ice machines.

For fiscal years 2023 through 2025, the company’s operating revenue was 2.493 billion yuan, 3.204 billion yuan, and 2.877 billion yuan, respectively, while its net profit attributable to owners of the parent company was 338 million yuan, 451 million yuan, and 391 million yuan, respectively.

The funds raised in this offering will be invested in the construction of the Qianwan No. 2 refrigeration equipment intelligent manufacturing production base, the intelligent upgrade and transformation project for the refrigeration equipment production base, the Thailand refrigeration equipment intelligent manufacturing production base project, and the construction of an R&D center.

(Edited by: Zhang Yan)

     【Disclaimer】This article only represents the personal views of its author and is not related to Hexun. The Hexun website remains neutral regarding the statements, viewpoints, and judgments made in the article and does not provide any express or implied guarantees regarding the accuracy, reliability, or completeness of the content included. Please read the information as reference only and bear all responsibility yourself. Email: news_center@staff.hexun.com