5 new stocks available for subscription this week! A globally leading integrated circuit wafer-level advanced packaging and testing company has listed on the A-share market.

According to the current arrangements, unless there are changes, 5 new shares will be offered for subscription this week (April 7 to April 10). Among them, 1 is on the Shanghai Stock Exchange main board, 1 on the STAR Market, 1 on the Shenzhen Stock Exchange main board, 1 on the ChiNext board, and 1 on the Beijing Stock Exchange.

As of the time of this publication, two new shares with online issuance have disclosed their offering prices this week. The STAR Market new stock Aiteke has an offering price of RMB 33.49, an issue price-to-earnings ratio of 29.71 times, and the industry’s average trailing dynamic P/E ratio over the most recent month is 63.04 times. The Beijing Stock Exchange new stock Hengdao Technology has an offering price of RMB 21.8, an issue price-to-earnings ratio of 14.99 times, and the industry’s average trailing dynamic P/E ratio over the most recent month is 41.56 times.

For Aiteke, whose subscription starts on April 7, the number of shares offered online in this round is 14.33 million shares; the maximum online subscription limit is 14,000 shares. For a top-up (full-limit) subscription, investors need to allocate RMB 140,000 worth of A-share market value in Shanghai.

Aiteke is an industry-leading provider of intelligent and electrified automotive electronic solutions. It is mainly engaged in the R&D, production, and sales of automotive electronic products such as body-domain, intelligent cockpit-domain, power-domain, and intelligent driving-domain products. At the same time, it provides customers with automotive electronics EMS and technology development services.

According to statistics from Gao Gong Intelligent Automobile Research Institute, Aiteke’s share of pre-installed standard (domain) controllers (including regional controllers) for passenger vehicles of independent brands in the China market (excluding import and export, the same applies below) in 2024 was 25.50%, ranking first for three consecutive years. In the China passenger vehicle market, the share of pre-installed remote key fobs for passenger vehicles of independent brands was 13.83%, ranking first. In the China market for passenger vehicles of independent brands, the share of pre-installed cockpit-domain and display-screen assembly totals was 6.41%, ranking third. For this IPO, Aiteke plans to raise a total of RMB 1.499 billion.

For Shanshui Intelligent, whose subscription starts on April 8, the number of shares offered online in this round is 6 million shares; the maximum online subscription limit is 6,000 shares. For a top-up (full-limit) subscription, investors need to allocate RMB 60,000 worth of market value in Shenzhen.

Shanshui 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. In particular, in the field of new energy battery electrode foil manufacturing, the company’s business covers processes including pulping, coating, calendering/rolling, and slitting. In 2024, its circulating high-efficiency pulping system for the new energy battery industry had a domestic market share of 60%, ranking first; its lithium battery pulping system had a domestic market share of 12.77%, ranking third. For this IPO, Shanshui Intelligent plans to raise RMB 587 million.

For Shenghe Jingwei, whose subscription starts on April 9, the number of shares offered online in this round is 35.77 million shares; the maximum online subscription limit is 35,500 shares. For a top-up (full-limit) subscription, investors need to allocate RMB 355,000 worth of market value in Shenzhen.

Shenghe Jingwei is a global leading wafer-level advanced packaging and testing enterprise for integrated circuits. It began with processing advanced 12-inch mid-stage silicon wafers, and further provides full-process advanced packaging and testing services such as wafer-level packaging (WLP) and multi-chip integration packaging including chiplets, covering the whole value chain. It is committed to supporting various high-performance chips, especially graphics processing units (GPUs), central processing units (CPUs), and artificial intelligence chips, and to achieve comprehensive performance improvements such as high computing power, high bandwidth, and low power consumption through heterogeneous integration methods that go beyond Moore’s Law. For this IPO, Shenghe Jingwei plans to raise RMB 4.8 billion.

For Fuen Co., whose subscription starts on April 10, the number of shares offered online in this round is 23.33 million shares; the maximum online subscription limit is 23,000 shares. For a top-up (full-limit) subscription, investors need to allocate RMB 230,000 worth of market value in Shenzhen.

Fuen Co. is a global eco-friendly fabric supplier with sustainable development at its core. It treats the R&D, production, and sales of eco-friendly fabrics as its main business. It has now become a large enterprise integrating fabric design, R&D, spinning, weaving, dyeing and finishing, post-finishing, and sales. For this IPO, Fuen Co. plans to raise RMB 1.25 billion.

It is worth noting that, as of now, there will be 1 IPO to be submitted for consideration this week (April 7 to April 10), namely Yongda Co., which plans to apply for an IPO on the Beijing Stock Exchange.

Yongda Co., whose IPO review is scheduled for April 10, professionally engages in the R&D, design, manufacturing, sales, and related technical services of pressure vessels in fields such as basic chemical industry, coal chemical industry, refining and petrochemical, as well as pressure vessels for fields including photovoltaics and pharmaceuticals, among others. It has formed a non-standard pressure vessel product system mainly comprising reaction pressure vessels, heat-exchange pressure vessels, separation pressure vessels, and storage pressure vessels. In fields such as coal chemical industry and petroleum refining and processing, the company provides a large number of high-quality products and services for equipment areas including facilities for coal-to-methanol, coal-to-ethylene glycol, coal-to-olefins, ethylene, PDH, ethylene oxide, phenol acetone, bisphenol A, styrene, cyclohexanone, caprolactam, PTA, BDO, EVA, and hydrogen peroxide. For this IPO, Yongda Co. plans to raise RMB 458 million.

IPO Subscription Calendar

April 7

Aiteke (603293)

Hengdao Technology (920177)

April 8

Shanshui Intelligent (301513)

April 9

Shenghe Jingwei (688820)

April 10

Fuen Co. (001312)

（Source: Securities Times）