This week's new stock subscription calendar features four companies that are leaders in their respective niche sectors. Based on data compiled from Wind and public sources, the period from August 24 to August 28 will see subscriptions open for four new listings: Guangdong Huahui Intelligent Equipment Co., Ltd. (referred to as "Huahui Intelligent", 920289), Luoyang Bearing Group Co., Ltd. (referred to as "Luozhou Shares", 301699), Tianbo Intelligent Technology (Shandong) Co., Ltd. (referred to as "Tianbo Intelligent", 603448), and CETC Ceyear Technology Co., Ltd. (referred to as "Dianke Ceyear", 301689). Among these, Luozhou Shares focuses on the research, development, production, and sale of bearings and related components, standing as one of China's largest comprehensive bearing manufacturers by scale.

New Stock Subscriptions This Week

According to the schedule, Huahui Intelligent (920289) will open for subscription on Monday, August 24. Luozhou Shares (301699) and Tianbo Intelligent (603448) are both slated for Wednesday, August 26, while Dianke Ceyear (301689) will follow on Friday, August 28. Per a research note from Kaiyuan Securities, Huahui Intelligent is a high-tech enterprise specializing in the research, design, production, and sale of advanced intelligent equipment and its key components. Its nano sand mill products have obtained European CE certification, enhancing its capability to expand into the European market. The company has established solid partnerships with prominent lithium battery material firms such as Hunan Yuneng, Wanrun New Energy, BTR, BYD, and CNOOC, as well as major domestic central enterprises, giving it strong brand recognition and competitiveness in the lithium battery material grinding systems sector. From 2023 to 2025, the company's total revenue grew steadily, reaching RMB 300 million, RMB 427 million, and RMB 616 million, respectively. Net profit attributable to shareholders also rose consistently during this period, from RMB 46.4332 million in 2023 to RMB 62.6232 million in 2024, and further to RMB 80.4235 million in 2025. Meanwhile, gross margins for the same years were 32.74%, 31.67%, and 27.92%, with net margins of 15.30%, 14.68%, and 12.32%.

Wind data indicates that Luozhou Shares is engaged in the development, production, and sale of bearings and related components, ranking among the largest comprehensive bearing manufacturers in China's bearing industry. With years of deep involvement in the sector, the company boasts strong technological innovation capabilities, including the only national key laboratory in the bearing industry, and holds a leading domestic position in the research and deployment of high-end bearing technologies. Originally established in 1954 as Luoyang Bearing Factory, it was one of the 156 key construction projects under the country's First Five-Year Plan. The company aligns its product development with national strategic needs, undertaking multiple national science and technology攻关 projects. It was among the first domestic enterprises to research high-speed railway bearings and has been tasked with developing and supplying main shaft bearings and transmission system accessory bearings for C919 and C929 domestic passenger aircraft engines. Additionally, the company serves as a major bearing supplier for downstream sectors including wind power, rail transit, aerospace and military, and new energy vehicles, with several products holding top-three market share rankings. Its customer base spans leading original equipment manufacturers such as China State Railway Group, CRRC Group, China State Shipbuilding, BYD, Windey, Envision Energy, Dongfang Electric, Shanghai Electric, Sany Group, and Goldwind, reflecting a solid client foundation and broad market influence.

Wind data shows that Tianbo Intelligent is a well-known manufacturer of automotive thermal management system components, which has also expanded into automotive acoustic parts. Its main products are primarily applied in the automotive sector. The company's customer network covers most domestic vehicle manufacturers, boasting extensive and high-quality client resources and strong brand influence. In 2024, all of China's top ten automakers by sales volume were current customers. Beyond the automotive field, the company has recently made inroads into thermal management products for energy storage and AI data center servers.

Wind data also reveals that Dianke Ceyear is a high-tech enterprise specializing in the research, manufacturing, and sale of electronic measuring instruments. It houses the largest professional R&D team in the country and is recognized as the most comprehensively capable and largest revenue-generating electronic measuring instrument manufacturer in China. The company offers the widest product range and broadest spectrum coverage in the domestic electronic measuring instrument market, with main products including complete instruments, testing systems, and components, all featuring performance that is leading domestically and advanced internationally. Revenue is primarily derived from the sale of these products.

New Stock Listings This Week

Turning to new listings, only one stock is scheduled to debut this week: Gaokai Technology (688835), which will begin trading on Tuesday. Wind data indicates that Gaokai Technology specializes in the research, production, and sale of key control components and related equipment within the precision fluid control sector. Its product portfolio is centered on flow control series, dispensing and packaging series, and precision coating series, with extensions into other precision fluid control components and equipment widely used in smart manufacturing fields such as semiconductors, consumer electronics, automotive electronics, and new energy. In the semiconductor equipment arena, which is widely acknowledged for its high technical barriers, the company is currently one of the few domestic suppliers capable of mass-producing key fluid control components for advanced process nodes. Its main products have successfully passed validation by well-known domestic manufacturers and achieved stable mass production supply, with some products batch-applied in front-end process equipment for logic chips at 7nm and below. Since its founding in 2013, the company has gradually expanded into precision coating for new energy and fluid control for semiconductor equipment, establishing three major business segments. It offers integrated solutions for precision fluid control components and related equipment across various customer sectors, with multiple products breaking the long-standing monopoly of international manufacturers in the domestic precision fluid control market.

Last week, six new stocks hit the market. On August 21, Xinsheng Technology (920093) listed on the Beijing Stock Exchange at an issue price of RMB 14.35 per share, closing its first day at RMB 23.19, a gain of 61.6%. Based on the closing price, investors earned a paper profit of RMB 884 per lot. On August 20, C Lükong (301655) debuted on the ChiNext Board at RMB 8.5 per share, closing at RMB 32.49, up 282.24%, yielding a per-lot gain of RMB 12,000. On August 19, C Yushu-W (688836) listed on the STAR Market at RMB 150.8 per share, closing at RMB 845, a surge of 460.34%, translating to a per-lot profit of RMB 347,100. Also on August 19, Shuangying Group (920059) debuted on the Beijing Stock Exchange at RMB 11.13 per share, closing at RMB 24.75, up 122.37%, with a per-lot gain of RMB 1,362. On August 18, C Pinzhun (688826) listed on the STAR Market at RMB 186.88 per share, closing at RMB 1,152, up 516.44%, resulting in a per-lot profit of RMB 482,600. On August 17, Hengxing (920107) debuted on the Beijing Stock Exchange at RMB 16.02 per share, closing at RMB 30.05, up 87.58%, with a per-lot gain of RMB 1,403.

IPO Approvals Last Week

In terms of regulatory reviews, the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange each convened their latest listing committee meetings last week. Among those successfully approved were Guangdong KRS CNC Technology Co., Ltd. ("KRS"), slated for the STAR Market; Dongguan Youbang Materials Technology Co., Ltd. ("Youbang Technology"), headed for the ChiNext Board; and Dongguan Yuanli Optoelectronics Co., Ltd. ("Yuanli Optoelectronics"), Wuxi Xinjuhong Intelligent Technology Co., Ltd. ("Xinjuhong"), and Zhejiang Zhengdao Technology Co., Ltd. ("Zhengdao Technology"), all targeting the Beijing Stock Exchange. This week, the Beijing Stock Exchange will continue its review process. On August 28, it will examine the initial public offering application of Jiangsu Suxin New Materials Technology Co., Ltd. ("Suxin New Materials"), a high-tech enterprise focused on the research, production, and sale of metal packaging materials. The company's product lineup includes tinplate packaging materials (such as chromium-plated and tin-plated thin sheets), food-grade stainless steel thin sheets, and steel-plastic composite sheets (including hot-melt laminated films and steel-plastic composite tapes for fiber optic cables).

Hong Kong Stock Market Updates

On the Hong Kong front, Wind data shows no new stock subscriptions are scheduled for the week of August 24 to 28. However, Junzheng Co., Ltd. (03223.HK) is set to list on Tuesday. Last week, Hunan Yuneng New Energy Battery Material Co., Ltd. filed its initial Hong Kong listing prospectus. Additionally, companies including Junlebao Dairy Group Co., Ltd., Bonasia (Hangzhou) Pharmaceutical Technology Co., Ltd., and Benmo Power (Beijing) Technology Co., Ltd. updated their Hong Kong prospectuses. Meanwhile, applications from Tongcheng New Materials Group Co., Ltd., Qian Dama International Holdings Co., Ltd., and InnoCare Pharma (Shanghai) Co., Ltd. have lapsed. Shenzhen Mindray Bio-Medical Electronics Co., Ltd. and others have passed the hearing process.

Major Financing Events

1. On August 21, Qingyan Technology announced the completion of a Series A funding round totaling several hundred million RMB. The round was led by Legend Capital, with participation from Suzhou Ventures and Ningbo Yishi.

2. On August 21, Yuanzi Juzhen announced the completion of a Series A+ round worth several hundred million RMB. This round saw joint investment from multiple institutions including Yunfeng Capital, 37 Interactive Entertainment, Puhua Capital, Caitong Capital, Shanghai Semiconductor Industry Investment, Tangxing Capital, Borui Capital, Hechuang Capital, and Haibang Investment, with existing shareholder Minsheng International adding further capital.

3. On August 20, Zhongke Diwuji announced the completion of consecutive Series A1 and A2 rounds exceeding RMB 1 billion in total. The A1 round was jointly invested by Xi Gaotou, BOC AIC Fund, and Sanfeng Investment. The A2 round attracted investment from Xineng Venture Capital, BOC AIC Fund, Zhongshan Venture Capital, Hongruida Investment, Beyondsoft, and Jinchuang Investment (Zhejiang New Energy Vehicle Sub-Fund).

4. On August 20, Gongyan Tuoxin announced the completion of a RMB 100 million Series A round. This round was jointly invested by Ceyuan Capital, Luoyang Science and Technology Innovation Group, Huatian Electronics Group, and Agricultural Bank of China International.

5. On August 20, Shian Biotech announced the completion of a Series A financing totaling nearly RMB 400 million, spanning Pre-A, A, and A+ rounds. The Pre-A round was led by BlueRun Ventures, with co-investment from Langyu Investment, Suzhou Ventures-Angel Fund, and Zhongqi Capital. The A and A+ rounds were led consecutively by IDG Capital, with the A+ round co-led by Sunshine Insurance Capital, alongside investments from SDIC Investment and Huatai Zijin. Existing shareholders Yuan Sheng Venture Capital, BlueRun Ventures, Zhongqi Capital, and Suzhou Haoping continued to invest with increased stakes.