Six new stocks are available for subscription this week; high-winning-rate IPOs are here.

Source: Shanghai Securities News

Since 2026, new stocks on the Beijing Stock Exchange have remained active. Last week, the new stock Muirui Technology debuted with a 91.91% increase on its first trading day. As of March 15, a total of 11 new stocks have been listed on the Beijing Stock Exchange this year, with an average first-day increase of 154.92%.

According to current plans, six new stocks will be available for subscription this week. The stock scheduled for subscription on Monday (March 16), Hongming Electronics, is a core supplier of defense electronic components in China, especially a leader in high-reliability MLCC and other niche markets. In the precision component field, the company supplies supporting components for well-known brands such as Apple, Lenovo, and Motorola for tablets, laptops, and mobile phones, and has become an important supplier in Apple’s supply chain. The offering price for Hongming Electronics is 69.66 yuan per share, ranking second among new stocks this year.

Also on Monday, the subscription for Shiya Technology, a global leader in micro-display integrated solutions, will open. The company holds an important position in China’s silicon-based OLED industry chain, pioneering the mass production of the world’s first 12-inch silicon-based OLED production line. It is one of the few tech innovation companies with full-stack self-developed capabilities in “display chips + micro displays + optical systems” for silicon-based OLEDs. The company has become a strategic supplier for many top downstream clients, including ByteDance, Ying Shi Innovation, Thunder Bird, and Lenovo.

On Friday (March 20), Shenglong Co., Ltd., a leading domestic large-scale molybdenum company, will be available for subscription. The maximum online subscription limit is 45,000 shares, with a top-up purchase requiring a market value of 450,000 yuan in Shenzhen. The company plans to issue 215 million shares, ranking second among new stocks this year, with a relatively high chance of successful allocation.

Outlook: Overview of this week’s new stocks’ fundamentals

According to current arrangements, if there are no changes, from March 16 to 20, six new stocks will be available for subscription: 2 on the STAR Market, 2 on the ChiNext, 1 on the Shenzhen Main Board, and 1 on the Beijing Stock Exchange.

Monday

Yuelong Technology:

The company mainly engages in the research, production, and sales of flexible fluid transfer pipes, including marine engineering flexible pipes, land oil and gas flexible pipes, and industrial soft rubber hoses. Its core products differ from traditional rubber hoses, focusing on high-performance markets under extreme conditions such as ultra-high/ high pressure, ultra-low/ low temperature, high temperature, corrosion, and erosion. They are customized based on application conditions and transported media, mainly used in offshore oil and gas drilling equipment, deep-sea mining equipment, onshore oil and gas drilling equipment, large oil and gas storage fields, as well as in engineering machinery, chemicals, rail transit, and food industries.

Yuelong Technology’s prospectus states that in 2025, the company achieved operating revenue of 289 million yuan, a year-on-year increase of 7.89%; net profit attributable to the parent company was 90.28 million yuan, up 8.22%.

Hongming Electronics:

The company mainly focuses on the research, production, and sales of new electronic components centered on resistor-capacitor (RC) components, dedicated to providing high-performance, high-reliability electronic components. It also involves precision zero components, mainly used in consumer electronics such as tablets and laptops, as well as new energy batteries and automotive electronic structural parts.

Hongming Electronics’s prospectus predicts that in the first quarter of 2026, net profit attributable to the parent will be between 140 million and 144 million yuan, a year-on-year increase of 0.95% to 4.07%.

Shiya Technology:

The company is a global leader in micro-display integrated solutions, with core products being silicon-based OLED micro-displays, providing value-added services including strategic product development, optical systems, and XR integrated solutions. As a leading enterprise in China’s new display industry chain, the company believes silicon-based OLED displays will become the core hardware for new-generation smart devices like XR equipment in the AI era. By integrating semiconductor technology, new OLED display tech, and advanced optical tech, it aims to drive the strategic transformation of display devices from mobile computing to AI-based XR devices.

Shiya Technology’s prospectus states that in the first quarter of 2026, the company expects to achieve operating revenue of 170 million to 200 million yuan, a year-on-year increase of 235.35% to 294.53%; net profit attributable to the parent will narrow its loss compared to the previous year.

Friday

Hui Gu New Materials:

The company is a platform-based enterprise focused on high-polymer materials, driven by independent R&D, specializing in functional coating materials. Its main business involves R&D, production, and sales of functional resins and coating materials, with a focus on molecular design, key technology development, and industrial application of core functional resins. It has established two major technological platforms for functional resins and coatings, creating a competitive barrier. Leveraging the integration of these platforms, the company has developed coating systems with optical regulation, electrical and thermal conductivity, mechanical reinforcement, and corrosion resistance, forming a “1+1+N” industrial layout for applications in home appliances, packaging, new energy, and electronics.

Hui Gu New Materials’s prospectus states that in the first quarter of 2026, net profit is expected to be between 60 million and 70 million yuan, a year-on-year increase of 5.81% to 23.44%.

Shenglong Co., Ltd.:

A leading large-scale molybdenum enterprise in China, focusing on 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 concentrates and molybdenum iron. The company’s products are of good quality, with low impurities and significant potential for deep processing. Major customers include China Baowu, Shandong Iron and Steel, Hualing Steel, and CITIC Special Steel. The company plans to build an annual 20,000-ton high-performance molybdenum material project to extend and strengthen the molybdenum industry chain, optimize product structure, and further enhance industry competitiveness and brand influence.

Shenglong Co.’s prospectus predicts that in the first quarter of 2026, net profit will be between 340 million and 390 million yuan, a change of -8.40% to 5.07% year-on-year.

Tajing New Energy:

The company specializes in high-end green electrolytic complete equipment, titanium electrodes, and metal glass sealing products, focusing on R&D, design, production, and sales. It is a leading enterprise globally capable of providing complete solutions for high-performance copper foil and ultra-thin lithium battery copper foil production lines. It is also a major R&D and manufacturing base for precious metal titanium electrode composites 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, and aerospace.

Tajing New Energy’s prospectus states that in the first quarter of 2026, net profit is expected to be between 35 million and 45 million yuan, a year-on-year decrease of 45.38% to 57.52%.

(Article source: Shanghai Securities News)