There are 3 new stocks available for subscription this week, and the winning rate may be relatively high.

This article is reprinted from: Daily Business News

Hangzhou Fuen Co., Ltd. Listed on the Shenzhen Main Board

There are 3 new stocks available for subscription this week, with potentially higher winning rates

Business News Report (by Miao Lu): A small surge in new stock subscriptions is expected again this week. According to the current issuance schedule, a total of 5 new stocks will be available for subscription this week, including 1 each from the Shanghai Main Board, Shenzhen Main Board, Beijing Stock Exchange, STAR Market, and ChiNext.

Regarding the schedule, besides the Shanghai Main Board new stock Aiteke and the Beijing Stock Exchange new stock Hengdao Technology, which can be subscribed on Tuesday (April 4), the ChiNext new stock Shangshui Intelligent can be subscribed on Wednesday (April 8), the STAR Market new stock Shenghe Jingwei on Thursday (April 9), and the Shenzhen Main Board new stock Fuen Co., Ltd. on Friday (April 10). Among them, Fuen Co., Ltd. is a local Hangzhou company focused on the research, production, and sales of recycled environmentally friendly fabrics.

Additionally, as of April 5, Shenghe Jingwei’s total issued shares rank second among new stocks listed in Shanghai and Shenzhen markets since 2026, so investors subscribing to Shenghe Jingwei may have a higher chance of winning.

Leading the Integrated Circuit Packaging and Testing Industry

According to reports, Shenghe Jingwei, which will be available for subscription this Thursday, will issue a total of 255.4662 million shares, with an online subscription limit of 355k shares. To subscribe at the maximum, investors need a Shanghai market value of 355,000 yuan.

Wind data shows that Shenghe Jingwei ranks second among new stocks issued this year and first among new STAR Market stocks this year. This suggests that Shenghe Jingwei’s winning rate may be relatively high.

The prospectus indicates that Shenghe Jingwei is a globally large and rapidly growing integrated circuit packaging and testing enterprise. According to Gartner, in 2024, Shenghe Jingwei will be the tenth largest globally and the fourth largest within China in the packaging and testing industry, with a compound annual growth rate of operating income from 2022 to 2024 ranking first among the top ten companies worldwide.

Shenghe Jingwei started with advanced 12-inch mid-section silicon wafer processing and further provides wafer-level packaging and multi-chip module packaging services, aiming to support various high-performance chips, especially graphics processors, central processing units, and AI chips.

In recent years, high-performance computing applications such as artificial intelligence, data centers, cloud computing, and autonomous driving have experienced a historic explosive growth opportunity worldwide, gradually becoming key growth and profit points for the advanced packaging and testing industry.

The complete full-process advanced packaging and testing industry chain includes mid-section silicon wafer processing and advanced packaging in the later stages. Mid-section silicon wafer processing is a critical link in the semiconductor manufacturing industry chain, including bump manufacturing and wafer testing.

From 2022 to 2024 and the first half of 2025, Shenghe Jingwei’s operating income was 355k yuan, 1.63B yuan, 3.04B yuan, and 4.71B yuan, respectively, with net profits attributable to parent company of -330 million yuan, 34.13 million yuan, 214 million yuan, and 435 million yuan.

The prospectus shows that, as reviewed by auditors, Shenghe Jingwei benefits from rapid growth in industry market demand and continuous product structure optimization. Its full-year operating income for 2025 is projected at 3.18B yuan, a year-on-year increase of 38.59%, with net profit attributable to parent of 923 million yuan, up 331.80% year-on-year.

Wednesday’s Subscription for a Leading Battery Equipment Segment

Shangshui Intelligent is a leading enterprise in the new energy battery equipment segment, with subscription code 301513. The issue price and P/E ratio have not yet been disclosed; the industry average P/E ratio is 41.56. Shangshui Intelligent plans to issue a total of 25 million shares, with an online subscription limit of 6 million shares. To subscribe at the maximum, investors need a Shenzhen market value of 60k yuan.

Shangshui Intelligent has been rated as a national “Little Giant” specialized and innovative enterprise, engaged in R&D, design, manufacturing, and sales of intelligent equipment with integrated process capabilities, mainly serving the manufacturing of new energy battery electrodes and new materials.

Its clients in the new energy battery electrode manufacturing sector include BYD, EVE Energy, CATL, Zhongchuang Hang, Ruipu Lan Jun, Xinwangda, and Yuanjing Power; in the new materials preparation sector, clients include BTR, Enjie, Wanhua Chemical, Huahai Chengke, and Sanhuan Group.

According to Gao Gong Industry Research, in 2024, Shangshui Intelligent’s cyclic high-efficiency pulping system holds a 60% domestic market share, ranking first; its lithium battery pulping system holds a 12.77% market share, ranking third domestically.

In terms of performance, in 2023, 2024, and 2025, Shangshui Intelligent’s operating income was 601 million yuan, 637 million yuan, and 810 million yuan, respectively, with net profits of 234 million yuan, 153 million yuan, and 161 million yuan.

Hangzhou Fuen Co., Ltd. Listed on the Shenzhen Main Board

Fuen Co., Ltd. is a local Hangzhou company focused on the research, production, and sales of recycled environmentally friendly fabrics.

It is reported that Fuen Co., Ltd. plans to issue 58.3333 million shares publicly, with an online subscription limit of 23,000 shares. To subscribe at the maximum, investors need a Shenzhen market value of 230k yuan.

The prospectus shows that Fuen Co., Ltd. is a global ecological and environmental protection fabric supplier centered on sustainable development, with R&D, production, and sales of eco-friendly fabrics as its main business. Its main products are eco-friendly fabrics, mainly recycled fabrics, and it has become a leading enterprise in recycled fabrics for clothing in China. Major brand clients include H&M, Uniqlo, GU, ZARA, Peacebird, and Lilang.

In terms of performance, from 2022 to 2024 and the first half of 2025, Fuen Co., Ltd.’s operating income was 6.52B yuan, 6k yuan, 60k yuan, and 938 million yuan, respectively, with net profits attributable to parent of 277 million yuan, 229 million yuan, 275 million yuan, and 105 million yuan.

The prospectus shows that, as reviewed by auditors, Fuen Co., Ltd.’s full-year operating income for 2025 is projected at 1.72 billion yuan, a decrease of 5.10% year-on-year; net profit attributable to parent is 230 million yuan, down 16.19% year-on-year.