No new stock subscriptions this week. Six IPOs will be presented for review!

According to current arrangements, there are no new stock offerings scheduled for this week (March 2 to 6) unless there are changes.

Additionally, six companies will be listed on the IPO review meetings this week: Huike Co., Ltd. and Huikang Technology, which are planning to list on the Shenzhen Stock Exchange Main Board; Zhenbao Technology, which plans to list on the STAR Market; and Qiaolu Ming, Ruixiang Intelligent, and Deshuo Technology, which plan to list on the Beijing Stock Exchange.

On March 3, Huike Co., Ltd. will be reviewed on the Shenzhen Main Board. Huike is a leading Chinese and globally recognized technology company focused on the semiconductor display field. Its main business includes the research, development, manufacturing, and sales of core display components such as semiconductor display panels and smart display terminals. Its main products include various sizes and types of TV panels, IT panels, TV terminals, IT terminals, and various smart IoT terminals, widely used in consumer electronics, commercial displays, automotive electronics, industrial control, and smart IoT scenarios.

Huike has been deeply involved in the display industry for over 20 years and has become a globally renowned provider of integrated display solutions. It is one of the top three manufacturers of large-size LCD panels worldwide and one of the companies with the highest vertical integration in China’s display industry chain. According to Qunzhi Consulting data, in 2024, Huike’s shipment areas for TV panels, monitor panels, and smartphone panels will rank third, fourth, and third globally; in 2024, the company’s 85-inch LCD TV panel shipments will rank first worldwide, demonstrating a significant competitive advantage in large-size display panels of 85 inches and above.

For this IPO, Huike plans to raise 8.5 billion yuan to fund projects including the Changsha new OLED R&D upgrade, Changsha Oxide R&D and industrialization, Mianyang Mini-LED intelligent manufacturing, and to supplement working capital and repay bank loans.

On March 5, Huikang Technology will be reviewed on the Shenzhen Main Board. Huikang specializes in refrigeration equipment and is a national high-tech enterprise focused on R&D, production, and sales of refrigeration devices. Its main products include ice makers, refrigerators, freezers, and wine cabinets, mainly used in residential and commercial fields.

Huikang’s core product, the ice maker, relies on a diversified product matrix, reliable quality assurance, efficient delivery systems, and flexible customization capabilities. It has successfully covered over 80 countries and regions worldwide, including China, the US, Canada, Australia, Mexico, Germany, Sweden, and Brazil. According to the China Light Industry Machinery Association, from 2022 to 2024, Huikang’s ice maker products ranked first in domestic market share and in the domestic consumer market; it also ranks among the top globally in market share, with the highest share in the global consumer market. Additionally, in 2024, the company was designated as one of the eighth batch of national manufacturing single champion enterprises by the Ministry of Industry and Information Technology and the China Industrial Economy Federation. For this IPO, Huikang plans to raise 1.797 billion yuan.

On March 5, Zhenbao Technology will be reviewed on the STAR Market. Zhenbao focuses on providing manufacturing equipment components and surface treatment solutions for clients in the integrated circuit and display panel industries. Its main products include equipment parts made of silicon, quartz, silicon carbide, and alumina ceramics, as well as surface treatment services such as flame spraying regeneration, anodizing, and precision cleaning. Its components and surface treatment services are mainly used in semiconductor equipment for plasma etching and thin-film deposition, and in display panel manufacturing equipment for plasma etching, film deposition, and vapor deposition processes.

According to Frost & Sullivan data, in 2023, Zhenbao ranked second among non-metallic component suppliers for semiconductor and display panel equipment, with a market share of 1.9%. In surface treatment services for semiconductor and display panel equipment components, it ranked fourth among domestic providers, with a market share of 2.8%, and it ranked first in flame spraying regeneration services with a market share of 6.3%. For this IPO, Zhenbao plans to raise 1.198 billion yuan.

(Article source: Securities Times)