Attention A-share investors seeking new listing opportunities!

Based on the current issuance schedule, four new stocks will be available for subscription next week.

On July 20th, investors can subscribe for the Beijing Stock Exchange-listed 千岸科技 and the Shenzhen Stock Exchange's ChiNext-listed 欣兴工具. On July 24th, the Shanghai Stock Exchange main board's 津富士达 and the Shenzhen Stock Exchange main board's 嘉立创 will be open for subscription.

嘉立创 is set to become the first company listed on the A-share market with a business model centered on "online PCB prototyping and small-batch one-stop services," earning it the title of the "first stock for online PCB prototyping/small-batch one-stop services."

About the First Listing: Qian'an Technology

The subscription code for 千岸科技 is 920065, with an issue price of 24.30 yuan per share and a price-to-earnings (P/E) ratio of 10.28 times, compared to a reference industry P/E of 21.55 times.

The total number of shares issued is 17.5 million, with 15.75 million available for online subscription. The maximum number of shares an individual investor can subscribe for online is 787,500.

千岸科技 is a high-tech enterprise engaged in the research, development, and design of its own branded products, primarily sold via e-commerce platforms and its own websites, with a major focus on the European and American markets through Amazon.

Driven by policy support and an improving market environment, the transaction scale of China's cross-border e-commerce sector grew from 3.15 trillion yuan in 2013 to 17.66 trillion yuan in 2024, achieving a compound annual growth rate of 16.97%.

Building on its own brand operations, the company has developed competitive product categories across four key areas: art creation, digital electronics, home & garden, and sports & outdoors.

From 2023 to 2025, the company's operating revenue was 14.00 billion yuan, 16.67 billion yuan, and 19.81 billion yuan, respectively, with net profit attributable to the parent company reaching 96.426 million yuan, 144 million yuan, and 220 million yuan.

According to its prospectus, the company forecasts its operating revenue for the first half of 2026 to be between 9.40 billion yuan and 9.60 billion yuan, representing a year-on-year change of 5.25% to 7.49%. Net profit attributable to the parent company is projected to be between 1.10 billion yuan and 1.16 billion yuan, a change of -4.49% to 0.72% year-on-year.

Details on the Second Listing: Xinxing Tools

The subscription code for 欣兴工具 is 301677, with an issue price of 33.58 yuan per share and a P/E ratio of 17.17 times, against a reference industry P/E of 53.48 times.

The total issuance is 25 million shares, with 6.38 million available online. The maximum online subscription per investor is 6,000 shares, requiring a Shenzhen market capitalization allocation of 60,000 yuan for a full subscription.

The company focuses on the R&D, production, and sales of drilling tools within the hole machining sector, offering a product line that includes annular drilling series, solid drilling series, and related supporting products.

Its products are used in engineering manufacturing and CNC machining fields such as steel structure engineering, rail transit, shipbuilding, energy equipment, machinery manufacturing, and petroleum engineering. End customers include domestic and international companies like National Railway, China Nuclear Construction, and Bosch.

A certificate from the Tools Branch of the China Machine Tool & Tool Builders' Association indicates that among domestic tool manufacturers, the company ranks first in sales volume for steel plate drills.

From 2023 to 2025, its operating revenue was 4.25 billion yuan, 4.67 billion yuan, and 5.12 billion yuan, respectively, with net profit attributable to the parent being 177 million yuan, 185 million yuan, and 198 million yuan.

Its listing intention prospectus shows the company expects operating revenue for the first half of 2026 to be between 259 million yuan and 279 million yuan, a year-on-year increase of 5.99% to 14.17%. Net profit attributable to the parent is forecasted between 99 million yuan and 104 million yuan, up 0.55% to 5.63% year-on-year.

Information on the Third Listing: Tianjin Fujita

The subscription code for 津富士达 is 732468. Its issue price and P/E ratio have not yet been disclosed, with a reference industry P/E of 33.72 times.

The total number of shares issued is 41.23 million, with 12.37 million available for online subscription. The maximum online subscription per investor is 12,000 shares, requiring a Shanghai market capitalization allocation of 120,000 yuan for a full subscription.

The company is primarily engaged in the R&D, design, production, and sales of bicycles, electric-assist bicycles, shared bikes, and their key components, with a total annual production capacity of approximately 7 million complete vehicles.

A certificate from the China Bicycle Association states that from 2022 to 2024, the company's bicycle sales revenue ranked among the top three in China's mainland bicycle industry.

Its major clients include global bicycle brand operators such as Specialized, Lectric, Pon, Decathlon, Samchuly, MFC, Scott, Cycleurope, and Panasonic, as well as domestic shared bike operators like Hello, Qingju, and Meituan.

From 2023 to 2025, its operating revenue was 36.21 billion yuan, 48.80 billion yuan, and 50.61 billion yuan, respectively. Net profit attributable to the parent was 285 million yuan, 408 million yuan, and 382 million yuan.

The listing intention prospectus indicates the company expects operating revenue for the first half of 2026 to be between 3.14 billion yuan and 3.26 billion yuan, a year-on-year change of 21.15% to 25.78%. Net profit attributable to the parent is projected between 178 million yuan and 196 million yuan, a change of -8.87% to 0.34% year-on-year.

Profile of the Fourth Listing: Jialichuang

The subscription code for 嘉立创 is 001232. Its issue price and P/E ratio have not yet been disclosed, with a reference industry P/E of 74.97 times.

The total issuance is 55.56 million shares, with 13.33 million available online. The maximum online subscription per investor is 13,000 shares, requiring a Shenzhen market capitalization allocation of 130,000 yuan for a full subscription.

The company is a comprehensive service provider for electronic industry infrastructure, offering integrated services across the entire industry chain, covering EDA/CAM industrial software, PCB manufacturing, electronic component procurement and sales, and electronic assembly.

Taking PCB as an example, the company focuses on serving the manufacturing needs for PCB prototypes and small-batch boards, while also possessing production capacity for medium to large-batch boards, providing one-stop professional rapid PCB manufacturing services.

Against the backdrop of accelerated industry development in areas like cloud computing, 5G, big data, integrated circuits, artificial intelligence, information technology, Industry 4.0, and the Internet of Things, the output value of the global PCB industry has been growing steadily.

According to Prismark statistics, the output value of the global PCB industry reached $85.152 billion in 2025, an increase of 15.75%. It is projected to reach $123.348 billion by 2030.

The listing intention prospectus notes that with the vigorous development of downstream application fields such as new energy vehicles, AI, cloud computing, IoT, smart homes, and wearable devices, the PCB industry is expected to usher in a new development cycle.

From 2023 to 2025, the company's operating revenue was 6.726 billion yuan, 7.969 billion yuan, and 10.232 billion yuan, respectively. Net profit attributable to the parent was 734 million yuan, 1.054 billion yuan, and 1.306 billion yuan.

The prospectus forecasts the company's operating revenue for the first half of 2026 to be between 6.2 billion yuan and 7.2 billion yuan, a year-on-year increase of 33.22% to 54.71%. Net profit attributable to the parent is projected between 900 million yuan and 1.05 billion yuan, up 51.59% to 76.85% year-on-year.