The Beijing Stock Exchange IPO "reserve force" is here! Many companies have impressive performance

Recently, the performance of new stocks on the Beijing Stock Exchange has been impressive, with multiple stocks such as China Science and Technology Instrument and Zhenhong Shares experiencing significant gains on their first trading day. The enthusiasm for “initial public offerings” continues to rise, and investor participation remains high. As the profit-making effect of the Beijing Stock Exchange continues to ferment, the attractiveness of the New Third Board market has also significantly increased. The pace of listing high-quality companies has clearly accelerated, with the number and quality of newly listed companies both reaching new levels. As an important cornerstone of the multi-level capital market, the New Third Board continues to optimize the market ecosystem, with vigorous corporate growth momentum and clear advancement intentions, actively providing high-quality backup forces for the Beijing Stock Exchange.

Accelerated Clustering of Newly Listed Companies

Data from the National Equities Exchange and Quotations (NEEQ) shows that by the end of April 2026, a total of 411 companies had been newly listed on the New Third Board since 2025. These companies are deeply rooted in the real economy and broadly cover strategic fields such as high-end equipment, new materials, biomedicine, and next-generation information technology. They generally possess characteristics such as leading positions in niche sectors, outstanding innovation capabilities, and significant growth potential.

For example, SuoYing Electric, listed at the end of April this year, is a “small giant” in energy storage PCS, producing energy storage PCS and battery charge/discharge testing equipment. Shareholders include Green Energy Fund and Longi Green Energy, and from 2022 to 2024, it consistently ranked third in domestic power storage PCS shipment volume.

On the same day, Haishun Chuangke was listed, continuously launching solutions suitable for various countries’ development stages and characteristics in smart education, smart cities, and supply chain sectors. Its business scope now covers more than 60 countries and regions across Asia, Africa, Latin America, and the Caribbean.

According to Kaiyuan Securities, the New Third Board has gathered a group of “specialized, refined, distinctive, and innovative” enterprises in high-end manufacturing, focusing on strategic industries such as nuclear power, aerospace, and semiconductors, forming a high-quality listing echelon for the Beijing Stock Exchange. Among them, new listed companies like Baoyin Special Materials, Yagang Refractory Materials, Xianpu Technology, and Hanlin Technology have achieved domestic substitution and technological breakthroughs in fields such as third-generation nuclear power heat transfer tubes and aramid honeycomb core materials.

It is worth noting that these newly listed companies have a strong willingness to develop upward, with clear paths and goals for connecting to higher-level capital markets. Statistics show that among the 411 newly listed companies, nearly half have explicitly disclosed that they are preparing for an initial public offering, demonstrating a very firm intention to connect with the Innovation Layer and strive for the Beijing Stock Exchange.

Strong Growth Potential of New Companies in the Innovation Layer

As the “backbone” of the New Third Board market, the Innovation Layer is a key hub for screening high-quality companies and connecting with the Beijing Stock Exchange, as well as the core “reserve pool” of resources for listing on the Beijing Stock Exchange.

Statistics from the National Equities Exchange and Quotations show that since 2025, over 300 companies newly entering the Innovation Layer are of good quality, with nearly 70% belonging to strategic emerging industries and nearly 90% being high-tech enterprises. These companies are concentrated in fields such as next-generation information technology, high-end equipment manufacturing, new energy, new materials, and biomedicine, which are national重点扶持领域.

For example, KeGong Electronics, listed on the Innovation Layer on April 15, is a pioneer in China’s energy storage BMS industry. The company holds 29 invention patents, 59 software copyrights, and 4 proprietary circuit layout design rights, participating in major national projects such as the 863 Program. PureMi Technology, focused on smart small appliances, was listed in the Innovation Layer on February 10 and is one of the early Xiaomi ecosystem companies.

Data from the 2025 annual report shows that the profitability and growth of companies in the Innovation Layer are outstanding, with nearly 80% of companies profitable, 151 companies with net profit attributable to parent exceeding 100 million yuan, and 291 companies achieving double growth in net profit attributable to parent.

Resilience of Performance During Guidance Period

Relying on the gradient cultivation system of the New Third Board, a large number of listed companies are seizing market opportunities, actively preparing for and applying for IPO listings on the Beijing Stock Exchange. Most of these companies have excellent performance and strong growth momentum.

The National Equities Exchange and Quotations states that since 2025, the number of companies newly entering the guidance period for listing on the Beijing Stock Exchange has steadily increased, reaching a total of 332. These companies have positive performance trends and demonstrate relatively sustained growth ability, with a compound annual growth rate of 11.93% in operating revenue and 16.06% in net profit over the past three years, and return on equity maintained above 12%.

Kaiyuan Securities notes that many companies under guidance for the Beijing Stock Exchange possess significant technological barriers, making them key reserves for the exchange. For example, SanYing Precision’s self-developed X-ray 3D microscope and industrial CT equipment have an image resolution of 0.5 microns, comparable only to Zeiss in Germany. SanYing Precision completed IPO guidance filing in March this year, and on May 7, disclosed its 2025 performance, achieving revenue of 318 million yuan, up 35.27% year-on-year, and net profit attributable to shareholders of listed companies of 51.66 million yuan, up 89.60%.

Another example is Yongzhi Co., which specializes in semiconductor chip packaging lead frames and substrates, directly supplying high-end chip manufacturing segments, with excellent technology and customer resources. The company announced on March 9 that it plans to apply for public issuance of shares and listing on the Beijing Stock Exchange. It mainly engages in R&D, production, and sales of semiconductor packaging materials, forming leading scale and technological barriers in several niche fields.