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IPO Weekly Report | 3 new stocks were subscribed this week, and the Beijing Stock Exchange’s “920 Second Stock” is here

2024-08-12

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This week, the “920 Second Stock” subscription will begin.

The Paper, based on Wind and public information, found that this week (August 12-16) there are three new stocks available for online subscription, but no new stocks are listed. The three new stocks are Guoke Tiancheng Technology Co., Ltd. (hereinafter referred to as "Guoke Tiancheng", 301571.SZ), Zhejiang Taihu Yuanda New Materials Co., Ltd. (hereinafter referred to as "Taihu Yuanda", 920118.BJ), and Shanghai Xiaofang Pharmaceutical Co., Ltd. (hereinafter referred to as "Xiaofang Pharmaceutical", 603207.SH).

It is worth noting that Taihu Yuanda’s new stock code is “920118”. It is not only the second “920 new stock” after Wanda Bearing, but also the first new stock issued by the Beijing Stock Exchange in the second half of the year.

1. New stock subscription this week

This week, investors will have three new stocks to subscribe to, including one on the Shanghai Stock Exchange Main Board, Xiaofang Pharmaceutical, one on the ChiNext, Guoke Tiancheng, and one on the Beijing Stock Exchange, Taihu Yuanda. The three new stocks are expected to raise a total of 1.524 billion yuan.

Among them, Guoke Tiancheng will open subscription on Monday this week.

According to Huajin Securities Research Report, Guoke Tiancheng is one of the very few manufacturers in China that has the ability to mass-produce InSb refrigeration infrared products, and has a strong differentiated competitive advantage in the refrigeration infrared market. So far, the company has established stable and good cooperative relations with large military industrial groups such as China Electronics Technology Group Corporation, China Aerospace Science and Technology Corporation, China Shipbuilding Industry Corporation, Chinese Academy of Sciences and other military supporting enterprises such as subordinate units of scientific research institutes. At present, the penetration rate of infrared products in my country's military still has a lot of room for improvement compared with developed countries. Against the background of accelerated modernization of weapons and equipment, the demand for military infrared products is expected to usher in rapid growth. As a manufacturer of scarce InSb refrigeration infrared products in the industry, the company has a good competitive landscape.