5 new stock subscriptions this week! A globally leading integrated circuit wafer-level advanced packaging and testing enterprise has listed on the A-share market.

As of the current schedule, unless there are changes, this week (April 7 to April 10) has five new shares available for subscription. These include one on the SSE Main Board, one on the STAR Market, one on the SZSE Main Board, one on the ChiNext board, and one on the BSE.

As of the time of publication, two new shares have disclosed their issue prices for online distribution this week. For the SSE Main Board new share Aiteke, the issue price is 33.49 yuan, with an issue P/E ratio of 29.71 times and an industry average trailing twelve-month dynamic P/E of 63.04 times over the most recent month. For the BSE new share Hengdao Technology, the issue price is 21.8 yuan, with an issue P/E ratio of 14.99 times and an industry average trailing twelve-month dynamic P/E of 41.56 times over the most recent month.

For Aiteke, which started its subscription on April 7, the number of shares for online issuance in this offering is 14.33 million shares. The maximum number of shares eligible for online subscription is 14k shares. Subscribing at the cap requires holding a Shanghai market value of 140k yuan.

Aiteke is an industry-leading provider of automotive electronics intelligentization solution services. It mainly engages in the R&D, production, and sales of automotive electronics products such as body domain, intelligent cockpit domain, powertrain domain, and intelligent driving domain, and it also provides automotive electronics EMS and technical development services to customers.

According to statistics from the GaoGong Intelligent Automotive Research Institute, Aiteke’s share of pre-installed standard body (domain) controllers (including regional controllers) among domestic independent-brand passenger cars in the 2024 China market (excluding imports and exports, same hereafter) was 25.50%, ranking first for three consecutive years. In the China market, its share of pre-installed standard remote physical keys for passenger cars was 13.83%, ranking first. In the China market, its share of pre-installed standard cockpit domain and display assembly among independent-brand passenger cars was 6.41%, ranking third. In this IPO, Aiteke plans to raise a total of 14k yuan.

For Shangshui Intelligent, which started its subscription on April 8, the number of shares for online issuance in this offering is 6 million shares. The maximum number of shares eligible for online subscription is 6k shares. Subscribing at the cap requires holding a Shenzhen market value of 60k yuan.

Shangshui Intelligent has built comprehensive technical capabilities based on a system of “core single-unit + intelligent control system + process packages.” Its products can be widely used in industries such as new energy batteries, new materials, chemical industry, food, pharmaceuticals, and semiconductors. Among them, in the area of manufacturing battery electrode sheets (cathode and anode foils) for new energy batteries, the company’s business covers processes including pulping, coating, calendaring/rolling, and slitting, among others. In 2024, Shangshui Intelligent’s circulating and high-efficiency pulping systems had a domestic market share of 60%, ranking first. The company’s lithium battery pulping systems had a domestic market share of 12.77%, ranking third. In this IPO, Shangshui Intelligent plans to raise 587 million yuan.

For Shenghe Jingwei, which started its subscription on April 9, the number of shares for online issuance in this offering is 35.77 million shares. The maximum number of shares eligible for online subscription is 35.5k shares. Subscribing at the cap requires holding a Shenzhen market value of 355k yuan.

Shenghe Jingwei is a global leading integrated circuit wafer-level advanced packaging and testing enterprise. It began with advanced 12-inch midstream silicon wafer processing and further provides full-process advanced packaging and testing services such as wafer-level packaging (WLP) and multi-chip integrated packaging of bare dies, among others. It is committed to supporting all kinds of high-performance chips, especially graphics processing units (GPUs), central processing units (CPUs), artificial intelligence chips, and others, achieving comprehensive performance improvements such as high computing power, high bandwidth, and low power consumption through heterogeneous integration methods that go beyond Moore’s Law. In this IPO, Shenghe Jingwei plans to raise 4.8 billion yuan.

For Funen Shares, which started its subscription on April 10, the number of shares for online issuance in this offering is 23.33 million shares. The maximum number of shares eligible for online subscription is 23k shares. Subscribing at the cap requires holding a Shenzhen market value of 230k yuan.

Funen Shares is a global supplier of sustainable eco-environmental fabrics, with sustainability at its core. It focuses on the R&D, production, and sales of eco-environmental fabrics as its main business. It has already become a large enterprise integrating fabric design, R&D, spinning, weaving, dyeing and finishing, post-finishing, and sales. In this IPO, Funen Shares plans to raise 1.25 billion yuan.

It is worth noting that, as of now, there will be one IPO that will have its initial public offering reviewed/boarded this week (April 7 to April 10): Yongda Shares, which intends to go through the BSE IPO process.

Yongda Shares, whose IPO is scheduled to be reviewed on April 10, specializes in research, design, manufacture, sales, and related technical services for pressure vessels in fields including basic chemicals, coal chemical industry, refining and petrochemicals, photovoltaics, and pharmaceuticals. It has formed a product system of non-standard pressure vessel types mainly consisting of reaction pressure vessels, heat-exchange pressure vessels, separation pressure vessels, and storage pressure vessels. In fields such as coal chemical industry and petroleum refining, the company provides a large number of high-quality products and services for equipment involved in projects such as methanol from coal, ethylene glycol from coal, olefins from coal, ethylene, PDH, ethylene oxide, phenol acetone, bisphenol A, styrene, cyclohexanone, caprolactam, PTA, BDO, EVA, and hydrogen peroxide, among others. In this IPO, Yongda Shares plans to raise 458 million yuan.

IPO subscription calendar

April 7

Aiteke (603293)

Hengdao Technology (920177)

April 8

Shangshui Intelligent (301513)

April 9

Shenghe Jingwei (688820)

April 10

Funen Shares (001312)

Proofread by: Ran Yanqing