Three new stocks are opening for subscription this week! Leading domestic storage enterprise to list on the A-share market!

According to the current schedule, if there are no changes, there will be three new stock subscriptions this week (March 30 to April 3). Among them, one is from the Sci-Tech Innovation Board, one from the ChiNext Board, and one from the Beijing Stock Exchange.

Three New Stocks This Week

As of the time of publication, the offering prices for two new stocks have been disclosed this week. The offering price for the Sci-Tech Innovation Board new stock, Yiyuan Composite Materials, is 6.41 yuan, with an issuance price-to-earnings ratio of 58.09 times, while the average dynamic price-to-earnings ratio in the industry over the past month is 33.62 times. The offering price for the new stock from the Beijing Stock Exchange, Saiying Electronics, is 28 yuan, with an issuance price-to-earnings ratio of 13.79 times, and the average dynamic price-to-earnings ratio in the industry over the past month is 25.82 times.

Starting from March 30, Yiyuan Composite Materials will issue 18.26 million shares online, with a subscription limit of 18,000 shares per individual investor, and the maximum subscription requires a market value of 180,000 yuan in the Shanghai market.

Yiyuan Composite Materials is a secondary industrialization company under China Yuyuan, which is directly managed by the State-owned Assets Supervision and Administration Commission of the State Council, focusing on the research, development, production, and sales of metal composite materials and products, as well as special non-ferrous metal alloy products. The company’s core products include metal matrix composite materials and products, bimetallic composite materials and products, special aluminum alloys, and special copper alloy products.

Yiyuan Composite Materials originated from the National Composite Materials Engineering Center established in 1992 and is one of the earliest units engaged in the research and development of metal matrix composite materials in China. It has built the first domestic aluminum matrix composite powder metallurgy production line with an annual output of 400 tons and is the first domestic enterprise to achieve large-scale engineering applications of metal matrix composite materials. Its main products are widely used in key fields such as aerospace, military electronics, and smart terminals. In this IPO, Yiyuan Composite Materials aims to raise a total of 836 million yuan.

Starting from April 3, Dapuwei will issue 6.979 million shares online, with a subscription limit of 6,500 shares per individual investor, and the maximum subscription requires a market value of 65,000 yuan in the Shenzhen market.

Dapuwei deeply focuses on data center storage scenarios and is one of the few providers of semiconductor storage products in China with fully self-developed capabilities in “main control chips + firmware algorithms + modules” for enterprise-level data centers, achieving bulk shipments. According to IDC data, over the past three years, Dapuwei has maintained a leading market share in the domestic enterprise-level SSD market, while international manufacturers still dominate. By 2025, Dapuwei has already been tested by two leading global AI companies, Nvidia and xAI, and is expected to gradually increase production, forming a significant advantage in customer resources. In this IPO, Dapuwei plans to raise 1.878 billion yuan.

Five Companies Set for IPO Review

It is noteworthy that as of now, there will be five companies undergoing IPO reviews this week (March 30 to April 3), including Xinxing Tools, aiming for the ChiNext Board IPO; Tainuo Maibo for the Sci-Tech Innovation Board IPO; and Yongli Precision, Baiying Bio, and Xinrui Electronics for the Beijing Stock Exchange IPO.

Xinxing Tools, which will undergo IPO review on March 31 for the ChiNext Board, is a leading domestic manufacturer of hole processing tools. Since its establishment, it has consistently focused on the research, production, and sales of drilling tools within the hole processing tool sector, forming a series of products including annular drilling tools, solid drilling tools, and related supporting products. The company’s products are widely used in steel structure engineering, rail transit, shipbuilding, energy equipment, machinery manufacturing, petroleum engineering, and other engineering manufacturing and CNC processing fields. In this IPO, Xinxing Tools plans to raise 560 million yuan.

Tainuo Maibo, which will undergo IPO review on April 3 for the Sci-Tech Innovation Board, is an innovative biopharmaceutical company focused on the global market and dedicated to blood product replacement therapies. The company’s core product, Staidota Monoclonal Antibody Injection, was approved for listing in China in February 2025 and is the world’s first recombinant anti-tetanus toxin monoclonal antibody drug of its kind, recognized by China’s CDE as a breakthrough therapy and included in the priority review process. It has also been granted fast track designation by the U.S. FDA, holding global innovative significance in the prevention of tetanus. The company’s other core product, “Recombinant Anti-Respiratory Syncytial Virus Fully Human Monoclonal Antibody TNM001,” has submitted an NDA for both non-high-risk and high-risk infants, which has been accepted and included in the priority review process. In this IPO, Tainuo Maibo aims to raise 1.5 billion yuan.

New Stock Calendar

March 30

Yiyuan Composite Materials (688811)

Saiying Electronics (920181)

April 3

Dapuwei (301666)

Proofread by: Panda