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according to the current arrangement, if there is no change, there will be 3 new stocks available for subscription this week (september 9 to 13), including 1 on the chinext, 1 on the science and technology innovation board, and 1 on the beijing stock exchange.

hehe information, a new stock on the science and technology innovation board that started to be issued on september 13, provides digital and intelligent products and services for global c-end users and b-end customers in multiple industries. it is one of the few companies in the industry that has a complete layout matrix for both c-end products and b-end services. in terms of c-end products, hehe information mainly provides app products for global individual users, including three core products: camscanner, camcard, and qixinbao. by the end of 2023, the cumulative first downloads of the above three apps by global users in the appstore and googleplay application markets will exceed 940 million.

3 shares issued this week

as of press time, one new stock has disclosed its issue price in online issuance this week. the issue price of the beijing stock exchange's new stock ruihua technology is 19 yuan, with an issue price-earnings ratio of 13.54 times, and the industry's average dynamic price-earnings ratio in the past month is 25.81 times.

founded in 2006, hehe information provides digital and intelligent products and services to global c-end users and b-end customers in multiple industries based on its independently developed core technologies of intelligent text recognition and commercial big data.

hehe information's c-end business mainly consists of c-end app products for global individual users, including camscanner (intelligent scanning and text recognition app), camcard (intelligent business card and network management app), and qixinbao (corporate business information query app) three core products; the company's b-end business provides corporate customers with services centered on intelligent text recognition and commercial big data.

to date, hehe information's c-end products have covered hundreds of millions of users in more than 100 countries and regions around the world, and its b-end services have covered corporate customers in nearly 30 industries. in terms of c-end products, by the end of 2023, the cumulative first-time downloads of the three apps, camscanner, camcard, and qixinbao, on the appstore and googleplay application markets will exceed 940 million. the monthly active users of various channels in december 2023 will total nearly 150 million, of which the monthly active users of the app channel will exceed 130 million, and the monthly active users of other channels such as mini programs and web terminals will total about 20 million.

in terms of performance, from 2022 to the first half of 2024, hehe information achieved revenue of 988 million yuan, 1.187 billion yuan and 688 million yuan, and net profit of 284 million yuan, 323 million yuan and 221 million yuan.

in this ipo, hehe information plans to raise 1.49 billion yuan to be used for the r&d and upgrading projects of artificial intelligence c-end products and b-end services; the r&d and upgrading projects of commercial big data c-end products and b-end services; the r&d and upgrading projects of artificial intelligence core technologies, and the r&d and upgrading projects of commercial big data core technologies and data middle platform construction projects.

wireless media, which also launched its ipo on the same day, is the operating entity of hebei province's audio-visual new media market, controlled by hebei radio and television station. its main businesses include iptv, satellite tv services, value-added information services, etc. it is the only operating organization of hebei province's three-network integrated content integrated broadcast control platform, and is also the vanguard of hebei radio and television station's "new media + technology" industry sector.

in terms of performance, wireless media's revenue from 2021 to 2023 was rmb 672 million, rmb 653 million, and rmb 646 million respectively; net profit was rmb 356 million, rmb 291 million, and rmb 284 million respectively.

wireless media plans to raise 1.21 billion yuan in this ipo, which will be used for the systematic transformation and upgrade project of hebei iptv integrated broadcast control platform, content copyright procurement project, and intelligent super media business cloud platform project.

four companies withdrew their ipos last week

on september 5, biono pharmaceuticals withdrew its gem ipo. so far, a total of 4 companies withdrew their a-share ipo applications last week, including 2 from the gem, 1 from the science and technology innovation board, and 1 from the beijing stock exchange.

looking back at the ipo review in 2024, the number of companies that terminated their ipos showed a clear upward trend. wind data showed that as of september 8 this year, 363 ipos had been terminated on the shanghai, shenzhen and beijing stock exchanges, and most of the reasons for the termination were the withdrawal of materials.

since the beginning of this year, regulators have once again strengthened the full-chain supervision of companies to be listed. against this background, the number of ipo withdrawals has increased significantly. on september 6, the china securities regulatory commission issued the "regulations on the supervision of resigned personnel in the china securities regulatory commission system buying shares in companies to be listed (trial)" (hereinafter referred to as the "regulations on the supervision of resigned personnel"), which put forward further regulatory requirements for resigned personnel in the china securities regulatory commission system to buy shares in companies to be listed. the new regulations will be officially implemented on october 8. the "regulations on the supervision of resigned personnel" has a total of 12 articles, which make specific provisions on the improper shareholding of resigned personnel, the verification requirements of intermediary institutions, the work process arrangement, the scope of regulation of resigned personnel, and the definition of the prohibition period for shareholding.

based on the "guidelines for the application of regulatory rules - issuance category no. 2" (hereinafter referred to as "guidelines no. 2"), the new regulations put forward more stringent regulatory requirements in three aspects. first, the prohibition period for resigned personnel to acquire shares will be extended. on the basis of further extending the prohibition period for resigned personnel to acquire shares, the requirements for resigned personnel who have served in issuance regulatory positions within 5 years before leaving, or were related to resigned personnel who were under the supervision of the association before leaving, are highlighted. second, the scope of strict supervision of resigned personnel is expanded. the scope of verification by intermediary institutions is expanded from the resigned personnel themselves to their parents, spouses, children and their spouses. third, higher requirements are put forward for the verification of intermediary institutions. intermediary institutions shall verify the investment background, price fairness, source of funds, authenticity of exit, etc. of relevant personnel and express clear opinions. the csrc shall verify and review the relevant work.

ipo calendar

september 10

ruihua technology (920099) is mainly engaged in providing petrochemical enterprises with complete technology solutions based on chemical process package technology. since its establishment, the company has been focusing on the research, development and implementation of comprehensive solutions for styrene complete technology services, expandable polystyrene complete technology services, methanol to propylene carbon four cracking unit complete technology services, n-butane to maleic anhydride joint unit complete technology services, diethylbenzene dehydrogenation to divinylbenzene complete technology services, and styrene propylene oxide co-production complete technology services.

september 13

wireless media (301551), as the builder and operator of hebei province's iptv integrated broadcast and control sub-platform, integrates the rich audio-visual resources from the central iptv integrated broadcast and control platform, provincial, municipal and county radio and television stations in hebei province, and domestic audio and video content providers. after reviewing, encoding, and packaging the audio-visual content, it transmits it through the telecom operator's private network, providing tv terminal home users with new media audio-visual services in the form of live channel broadcasts, video on demand, music, games, online education, etc.

the c-end business of hehe information (688615) mainly consists of c-end app products for global individual users, including camscanner (intelligent scanning and text recognition app), camcard (intelligent business card and network management app), and qixinbao (corporate business information query app) three core products.