Six new stocks are available for subscription this week! This ChiNext new stock has an issue price of 69.66 yuan!

According to current plans, there will be 6 new stock offerings this week (March 16 to 20), unless there are changes. Among them, 1 on the Shenzhen Main Board, 2 on the STAR Market, 2 on the ChiNext, and 1 on the Beijing Stock Exchange.

As of the time of publication, the offering prices for the 3 new stocks announced this week are as follows: SciYard Technology on the STAR Market at 22.68 yuan, with the industry’s average dynamic P/E ratio over the past month at 54.46 times. Hongming Electronics on the ChiNext at 69.66 yuan, with an offering P/E ratio of 33.61 times, and the industry’s average over the past month at 54.43 times. Yuelong Technology on the Beijing Stock Exchange at 14.04 yuan, with an offering P/E ratio of 14.99 times.

The ChiNext new stock Hongming Electronics, which starts subscription on March 16, mainly engages in the research, production, and sales of new electronic components such as resistor-capacitor devices, dedicated to providing high-performance, high-reliability electronic components. The company also involves in precision parts, mainly used in consumer electronics like tablets and laptops, as well as new energy batteries and automotive electronic structural parts. For this IPO, Hongming Electronics aims to raise 2.117 billion yuan.

The STAR Market new stock SciYard Technology, starting subscription on March 16, is a leading global provider of micro-display integrated solutions, with core products being silicon-based OLED micro-displays. It offers value-added services including strategic product development, optical systems, and XR integrated solutions. The company is the world’s first to achieve mass production of silicon-based OLED micro-displays on 12-inch wafer backplanes and is one of the few global tech companies with full-stack self-developed capabilities for “display chips + micro-displays + optical systems.” For this IPO, SciYard Technology aims to raise 2.268 billion yuan.

The Shenzhen Main Board new stock Shenglong Co., starting subscription on March 20, is a leading large-scale molybdenum company in China, dedicated to the comprehensive 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, including molybdenum concentrate and molybdenum iron. By the end of 2024, the company’s molybdenum metal reserves and production are expected to account for over 9% of the domestic market, playing a key role in raw material supply. For this IPO, Shenglong Co. plans to raise 1.53 billion yuan.

The ChiNext new stock Huigu New Materials, starting subscription on March 20, is a platform-based functional coating materials company focused on polymer materials driven by independent R&D. Its main business includes the research, production, and sales of functional resins and coating materials. Leveraging the integration of its dual technological platforms, the company has successfully developed coating systems with multiple properties such as optical regulation, electrical and thermal conductivity, mechanical reinforcement, and corrosion resistance. It has established a “1+1+N” industrial layout targeting home appliances, packaging, new energy, and electronics. For this IPO, Huigu New Materials aims to raise 900 million yuan.

The STAR Market new stock TAIJIN New Energy, starting subscription on March 20, mainly engages in the R&D, design, production, and sales of high-end green electrolyzer equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise globally capable of providing complete solutions for high-performance electronic circuit copper foil and ultra-thin lithium-ion copper foil production lines. It is also a major R&D and manufacturing base for precious metal titanium electrodes and electronic sealing glass materials in China. Its products are used in large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, environmental protection, aluminum foil processing, hydrometallurgy, hydrogen energy, aerospace, and military fields. For this IPO, TAIJIN New Energy plans to raise 990 million yuan.

Notably, four companies—Oulun Electric, Southern Dairy, Jieli Technology, and Anda Co.—are scheduled to have their IPOs reviewed this week (March 16 to 20) as they attempt to list on the Beijing Stock Exchange.