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According to the current arrangement, if there is no change, there will be a total of 2 new stocks available for subscription this week (August 5th to 9th), one on the Shanghai Main Board and one on the ChiNext.

Weihua New Materials, a new Shanghai Main Board stock launched on August 5, is a high-tech enterprise that develops and produces chlorotoluene and trifluoromethylbenzene series products. At present, the company has more than 10 trifluoromethylbenzene series products, and is one of the domestic suppliers of trifluoromethylbenzene series products with the most complete products and the largest production and sales volume. The production capacity and quality of many of the company's products are among the best in China, and it has become one of the few companies in China that can provide continuous and stable supply, and has established a clear competitive advantage in the market segment.

2 new stocks this week

As of press time, the issue prices of two new stocks issued online this week have been disclosed.

The issue price of Weihua New Materials, a new stock on the Shanghai Main Board, is 17.39 yuan, with an issue price-earnings ratio of 12.26 times. The industry's average dynamic price-earnings ratio in the last month is 19.91 times.

The issue price of the new GEM stock Kema Technology is 8 yuan, with an issue price-earnings ratio of 44.9 times, and the industry's average dynamic price-earnings ratio in the last month is 31.47 times. Among the new stocks issued in Shanghai and Shenzhen this year, Kema Technology has the lowest issue price, and the payment for winning one contract is 4,000 yuan.

Weihua New Materials, a new Shanghai Main Board stock that was launched on August 5, has been focusing on the field of fluorine-containing fine chemicals since its establishment. It is a high-tech enterprise that researches, develops and produces a series of chlorotoluene and trifluoromethylbenzene products, and is a national-level specialized and innovative "little giant" enterprise.

In the domestic market of trifluoromethylbenzene series products, Weihua New Materials has a prominent advantage. The production scale and product chain integrity of trifluoromethylbenzene series products are higher than those of its peers. In addition, the company's product market share in many subdivided product fields ranks among the top in the industry.

It is reported that Weihua New Materials' products have two main uses: one is as a new type of environmentally friendly coating solvent, mainly used in automobiles, bridges, ships, airplanes, etc., and the main market is North America; the other is a new type of fluorine-containing pesticide, medicine, and dye intermediate. Some products are key intermediates within the patent protection period of the world's pesticide and pharmaceutical giants, and the main customers are large global pesticide and pharmaceutical companies such as BAYER and BASF.

In terms of performance, Weihua New Materials' operating income from 2021 to 2023 was RMB 1.424 billion, RMB 1.776 billion and RMB 1.486 billion respectively, and its net profit was RMB 431 million, RMB 623 million and RMB 500 million respectively. The company's revenue and profits remained at a high level, with good profitability.

In this IPO, Weihua New Materials raised a total of 1.501 billion yuan, which are planned to be used for "construction of an annual output of 22,200 tons of fluorine-containing new materials and new functional chemicals and an enterprise research institute project", "Zhejiang Weihua New Materials' annual output of 5,000 tons of o-chlorobenzyl chloride, 4,000 tons of trifluorotoluene series, 13,500 tons of dichlorotoluene and 8,300 tons of dichlorotoluene chlorination and fluorination series product projects" and "supplementing working capital".

Kema Technology, which started its IPO on the same day, is mainly engaged in the research and development, manufacturing, sales, and services of advanced ceramic materials and components, as well as surface treatment services for semiconductor equipment. The company has become one of the leading domestic companies in advanced ceramic materials and components.

So far, Kema Technology has mastered the entire process of advanced ceramic components for pan-semiconductor equipment, from material formulation to component manufacturing, as well as a variety of core surface treatment technologies. Kema Technology has built a good reputation among customers and established long-term, stable and in-depth business cooperation relationships with leading downstream companies. The company's customers include NAURA, AMEC, Tuojing Technology, BOE, NETZSCH, Bühler, BMW Brilliance, Schaeffler and other companies in various industries.

In terms of performance, from 2021 to 2023, Kema Technology achieved operating income of 345 million yuan, 462 million yuan, and 480 million yuan, respectively, and net profits of 67.0888 million yuan, 93.2362 million yuan, and 81.8607 million yuan, respectively.

In this IPO, Kema Technology raised a total of 600 million yuan, which will be invested in advanced material production base projects, pan-semiconductor core component processing and manufacturing projects, R&D center construction projects, and to supplement working capital.

Huang Shangujie attended the meeting

On August 2, the Shenzhen Stock Exchange disclosed that the Shenzhen Stock Exchange Listing Review Committee is scheduled to hold the 14th Listing Review Committee review meeting in 2024 on August 9 to review the GEM IPO of Huangshan Gjie Co., Ltd. (hereinafter referred to as "Huangshan Gjie").

According to the prospectus, Huangshan Gujie is a national high-tech enterprise specializing in the research and development, production and sales of power semiconductor module heat dissipation substrates, and is a leading enterprise in the automotive-grade power semiconductor module heat dissipation substrate industry. The company's products are mainly used in the field of new energy vehicles and are important components of power semiconductor modules for new energy vehicle motor controllers.

Huangshan G.J. is the largest supplier of power semiconductor module heat dissipation substrates for new energy vehicle motor controllers of Infineon, a global leader in power semiconductors. At the same time, it has established long-term and stable cooperative relationships with well-known domestic and foreign power semiconductor manufacturers such as Bosch, ON Semiconductor, Hitachi, STMicroelectronics, CRRC Times, Star Semiconductor, Silan Microelectronics, and Xinlian Integrated Circuit.

Thanks to the rapid development of the new energy vehicle industry, Huangshan Valley Jie's performance has grown rapidly. From 2021 to 2023, Huangshan Valley Jie's operating income was 255 million yuan, 537 million yuan and 759 million yuan, and its net profit was 34.2786 million yuan, 99.4719 million yuan and 157 million yuan, respectively.

In this IPO, Huangshan Gjie plans to raise 502 million yuan to be used for the intelligent manufacturing and capacity expansion projects of power semiconductor module heat dissipation substrates, R&D center construction projects and to supplement working capital.

IPO Calendar

August 5

Weihua New Materials (603310) is a high-tech enterprise that develops and produces chlorotoluene and trifluoromethylbenzene series products. It has currently formed a complete product chain of chlorotoluene and trifluoromethylbenzene series products with toluene as the starting material. The company's products have two main uses: one is as a new environmentally friendly coating solvent; the other is as a new fluorine-containing pesticide, medicine, and dye intermediate.

Kema Technology (301611) is mainly engaged in the research and development, manufacturing, sales, and service of advanced ceramic material components and pan-semiconductor equipment surface treatment services. The company currently has an advanced ceramic basic material system consisting of four major types of materials: alumina, zirconium oxide, aluminum nitride, and silicon carbide. The corrosion resistance, electrical insulation, high thermal conductivity, and strong mechanical properties of the main types of materials have met the strict standards of international mainstream customers. The company is also a leading enterprise in advanced ceramic material components for domestic semiconductor equipment.

Editor: Chen Lixiang

Proofreader: Yang Lilin