Tomorrow, Tesla and BYD's "little partners" will arrive!

Recently, the performance of new stocks on the Beijing Stock Exchange has remained active. This week, the average first-day increase of two newly listed stocks on the Beijing Stock Exchange was 273.61%.

Institutions have noted that, influenced by overseas situations, risk aversion has increased recently, causing the secondary new stock sector to experience intense volatility again. However, it is worth noting that some individual new stocks have also shown relatively strong, phased activity recently, and structural highlights in the secondary new stock sector may still be evident. It is recommended to continue moderately seeking potential structural opportunities while managing risks.

According to current arrangements, three new stocks will be available for subscription next week. The stock Longyuan Co., Ltd., scheduled for subscription on Monday, March 23, is a “small giant” in automotive precision casting. It has established a customer structure comprising “globally renowned auto parts suppliers and vehicle manufacturers.” The company has long-term stable cooperation with major clients, and its products are widely used by well-known global car brands including Ford, General Motors, Tesla, NIO, Leapmotor, Xiaomi, BYD, Geely, GAC, Renault, Volkswagen, Audi, Changan, Great Wall, Hyundai, Toyota, BMW, Mercedes-Benz, and Chery.

The stock Hongban Technology, scheduled for subscription on Friday, March 27, focuses on the research, production, and sales of printed circuit boards (PCBs). The company ranks among the industry leaders in product coverage and market share for mobile phone HDI mainboards. It is a major supplier of HDI mainboards to eight of the top ten global smartphone brands, including OPPO, vivo, Honor, Xiaomi, Samsung, Transsion, Huawei, and Motorola.

Also on the same day, Sanrui Intelligent, a leading manufacturer of drone and robot power systems, will be available for subscription. Its downstream direct sales clients include well-known companies in the drone field such as Aerospace Electronics, Zongheng Co., Ltd., CTS Navigation, and Japan’s NTT. According to industry research by Frost & Sullivan, based on 2024 sales, the company ranks second globally in the civil drone electric power system industry (excluding power batteries), just behind DJI Innovation.

Looking ahead: Overview of the fundamentals of next week’s new stocks

According to current arrangements, if there are no changes, three new stocks will be available for subscription next week (March 23-27): one on the ChiNext, one on the Shanghai Main Board, and one on the Beijing Stock Exchange.

Monday

Longyuan Co., Ltd.:

The company specializes in the research, production, and sales of aluminum alloy precision castings. With extensive experience in mold design and manufacturing, product casting, and precision processing, it has developed a product system centered on automotive aluminum alloy precision castings. Its products are mainly used in key areas such as automotive engine systems, new energy vehicle three-electric systems, steering systems, and thermal management systems.

According to the prospectus, Longyuan Co., Ltd. expects to achieve operating revenue of 1.026 billion yuan in 2025, an 18.05% increase year-over-year; net profit attributable to shareholders of the parent company is projected at 143 million yuan, an 11.33% increase.

Friday

Hongban Technology:

The company focuses on the research, production, and sales of printed circuit boards, targeting mid-to-high-end applications. Its products feature high precision, high density, and high reliability. It is one of the companies with a high proportion of HDI board revenue in the industry, capable of mass production of any interconnect HDI boards and IC substrates. The company has a complete product structure, including HDI boards, rigid boards, flexible boards, rigid-flex boards, quasi-substrate boards, and IC substrates, widely used in consumer electronics, automotive electronics, high-end displays, and communication electronics.

Hongban Technology’s prospectus states that it expects to achieve a net profit of 120 million to 125 million yuan in the first quarter of 2026, representing a year-over-year increase of 10.85% to 15.47%.

Friday

Sanrui Intelligent:

The company is a leading manufacturer of drone and robot power systems, mainly engaged in the research, production, and sales of electric power systems for drones and robots. It is actively developing eVTOL (electric vertical takeoff and landing) aircraft power systems. Since 2019, the company has been expanding into eVTOL power systems, providing scaled-down models and prototype development of electric power systems.

Sanrui Intelligent’s prospectus states that it expects to achieve a net profit of 100 million to 118 million yuan in the first quarter of 2026, a year-over-year increase of 20.91% to 42.68%.

Author: Li Yuqi