Five new stocks are available for subscription this week! Leading advanced packaging and testing companies, with potentially higher winning rates.

Today, two new stocks will open for subscription.

According to the issuance schedule, during this week’s four trading days (April 7th—April 10th), the A-share market will have 5 new stocks available for subscription: Chuangye Water Intelligent on the Growth Enterprise Board, Hengtou Technology on the Beijing Stock Exchange, Shenghe Jingwei on the Sci-Tech Innovation Board, Etek on the main board of the Shanghai Composite Index, and Fuen Shares on the Shenzhen Main Board. Among them, Etek and Hengtou Technology will open for subscription on Tuesday, Chuangye Water Intelligent on Wednesday, Shenghe Jingwei on Thursday, and Fuen Shares on Friday.

Data shows that Etek is a leading provider of intelligent automotive electronic solutions, Hengtou Technology is a “little giant” enterprise specializing in hot runner systems for injection molds, Chuangye Water Intelligent focuses on intelligent equipment in the smart manufacturing industry, Shenghe Jingwei is a globally leading integrated circuit wafer-level advanced packaging and testing company, and Fuen Shares is a leading enterprise in the recycled fabric market for clothing.

It is worth noting that Shenghe Jingwei’s total public offering this time is 255 million shares, ranking second among new stocks issued this year, and first among new Sci-Tech Innovation Board stocks this year. This suggests that Shenghe Jingwei’s chance of winning the lottery may be relatively high.

Specifically, Etek’s issue price is 33.49 yuan per share, with a single account subscription limit of 14,000 shares. To subscribe at the maximum, one needs a Shanghai market value of 140k yuan.

According to the prospectus, Etek is an industry-leading provider of intelligent automotive electronic solutions, mainly engaged in the research, development, production, and sales of automotive electronic products, while also providing automotive electronic EMS and technical development services. Its products cover four core functional domains: body, intelligent cockpit, power, and intelligent driving. Since its establishment in 2002, the company has been deeply involved in the automotive electronics field, driven by technological innovation, building a full-chain capability system from R&D, testing, to mass production, and accumulating rich experience in automotive electronic product development and industrialization. It has become one of the few domestic suppliers capable of developing multi-functional automotive electronic products.

According to statistics from the GaoGong Intelligent Vehicle Research Institute, in 2024, the company’s share of the Chinese market (excluding imports and exports) for pre-installed standard body (domain) controllers (including regional controllers) for passenger cars will be 25.5%, ranking first for three consecutive years, breaking the long-standing monopoly of international automotive electronics manufacturers in this field; its share of remote control physical keys for pre-installed passenger cars in China is 13.83%, ranking first; and its share of integrated cockpit domain and display assembly for pre-installed autonomous passenger cars is 6.41%, ranking third.

After years of industry accumulation, technological sedimentation, and continuous market expansion, the company’s customer matrix covers independent brands such as Chery, Changan, Great Wall, SAIC Motor, Geely, BAIC Group, Dongfeng Motor, as well as new car-making forces like Li Auto, XPeng, and Leap Motor. By providing automotive electronic EMS to Bosch and others, its products are ultimately supplied to well-known automakers such as Volvo and Audi.

From 2023 to 2025, the company is expected to achieve operating revenues of 140k yuan, 3B yuan, and 3.47B yuan, respectively, with net profits attributable to the parent company of 191 million yuan, 212 million yuan, and 246 million yuan.

The funds raised this time will mainly be invested in the annual production of 5 million automotive electronic units at Etek, the expansion of the Bortek automotive electronic manufacturing base, the construction of Etek’s R&D center, the construction of Bortek’s R&D center, and working capital supplementation.

Hengtou Technology’s issue price is 21.8 yuan per share, with a single account subscription limit of 588.6k shares.

According to the prospectus, Hengtou Technology is a high-tech enterprise focusing on the R&D, design, production, and sales of hot runner systems and related components for injection molds. It is a national-level “Little Giant” enterprise specializing in specialized and innovative small and medium-sized enterprises. Its main product is the hot runner system, a core heating component system in hot runner injection molds, widely used in automotive lighting, interior and exterior trim, 3C consumer electronics, and other fields. With years of experience in the hot runner industry, continuous R&D investment, and process accumulation, the company has strong technical reserves and has developed multiple core technologies, including multi-color hot runner systems, light-guided injection mold hot runner systems, flow analysis for hot runner systems, dead-angle-free hot runner systems, precise temperature control, and drive control technologies.

During the reporting period, the company’s hot runner system products are mainly used in the automotive field, covering automotive lighting and interior/exterior parts, with some applications in 3C electronics and home appliances. After years of market cultivation, the company has accumulated a rich customer base, becoming a supporting supplier for well-known domestic and international automakers such as BYD, Enjie, SAIC Volkswagen, SAIC General Motors, Li Auto, NIO, and others. It has established long-term stable cooperation with companies like BYD, Enjie, Gree Electric, and others, with products downstream supplied to brands like BYD, SAIC Volkswagen, SAIC General Motors, Li Auto, NIO, and more.

From 2023 to 2025, the company expects to achieve operating revenues of 168 million yuan, 234 million yuan, and 297 million yuan, respectively, with net profits attributable to the parent of 49 million yuan, 69 million yuan, and 79 million yuan.

The funds raised will be invested in a project to produce 30k sets of hot runner production lines annually, R&D center construction, and working capital.

Shangshui Intelligent’s single account subscription limit is 6,000 shares, with a maximum subscription requiring a Shanghai market value of 60k yuan.

According to the prospectus, Shangshui Intelligent has been deeply engaged in the intelligent equipment industry for over ten years, building a comprehensive technical system centered on “core machinery + intelligent control system + process package.” Its main business involves core processes such as micro-nano powder handling, precise metering of powders and liquids, mixing and dispersing powders and liquids, and preparing functional films. Its products are widely used in new energy batteries, new materials, chemicals, food, medicine, and other industries. Currently, the company mainly serves the manufacturing of new energy battery electrodes and new material preparation, focusing on R&D, design, production, and sales of intelligent equipment integrating process capabilities.

In the field of new energy battery electrode manufacturing, the company has established cooperation with BYD, EVE Energy (rights protection), CATL, Zhongchuang Hang, CATL New Energy, and other new energy battery and vehicle companies, as well as overseas manufacturers like Samsung SDI, LGES, Panasonic, and SK On. In new material preparation, its products cover customers in battery materials, optical films, and semiconductor packaging materials, such as BTR, Enjie, and Wanhua Chemical.

Looking ahead, the company has proactively laid out emerging technologies such as high-temperature and high-pressure preparation, chemical and physical vapor deposition, plasma-enhanced technology, high-pressure homogenization, atomic layer deposition, and ultra-thin ultra-precise coating, and has launched new products like desktop intelligent experimental equipment. It will continue to expand applications in chemicals, food, medicine, and semiconductors.

From 2023 to 2025, the company expects operating revenues of 601 million yuan, 637 million yuan, and 810 million yuan, respectively, with net profits attributable to the parent of 234 million yuan, 153 million yuan, and 161 million yuan.

The funds raised will be invested in the South China headquarters manufacturing base for high-precision intelligent equipment, R&D center construction, and working capital.

Shenghe Jingwei’s single account subscription limit is 35,500 shares, with a maximum subscription requiring a Shanghai market value of 355k yuan.

According to the prospectus, Shenghe Jingwei is a globally leading integrated circuit wafer-level advanced packaging and testing enterprise, starting from advanced 12-inch middle-end silicon wafer processing, and further providing wafer-level packaging (WLP) and multi-chip module (MCM) services, supporting various high-performance chips, especially GPUs, CPUs, and AI chips, through heterogeneous integration beyond Moore’s Law to achieve high computing power, high bandwidth, and low power consumption.

In the middle-end silicon wafer processing field, the company is one of the earliest in China to develop and mass-produce 12-inch bumping, and the first to provide 14nm process bumping services, filling the gap in high-end IC manufacturing in China. It has successively broken through multiple advanced process nodes’ high-density bumping technology, ranking among the international advanced IC manufacturing supply chain. According to Zhaoshi Consulting, by the end of 2024, the company will have the largest 12-inch bumping capacity in China.

In wafer-level packaging, leveraging its advanced middle-end silicon wafer processing, the company has quickly developed and industrialized 12-inch wafer-level chip-scale packaging (WLCSP), including advanced 12-inch Low-K WLCSP and ultra-thin chip WLCSP. Zhaoshi Consulting reports that in 2024, the company ranked first in China in 12-inch WLCSP revenue, with about 31% market share.

In multi-chip module (MCM) packaging, the company has a comprehensive technical platform comparable to the world’s leading enterprises, especially in 2.5D integration based on silicon through-silicon vias (TSV Interposer). It is one of the earliest and largest in China to achieve mass production of 2.5D, representing the most advanced level domestically, with no technological gap to top global companies. According to Zhaoshi Consulting, in 2024, the company ranked first in China in 2.5D revenue, with about 85% market share.

From 2023 to 2025, the company expects operating revenues of 3.61B yuan, 588.6k yuan, and 30k yuan, respectively, with net profits attributable to the parent of 60k yuan, 2.14 billion yuan, and 355k yuan.

The funds raised will be invested in 3D multi-chip integration projects and ultra-high-density interconnect 3D multi-chip integration projects.

Fuen Shares’ single account subscription limit is 23,000 shares, with a maximum subscription requiring a Shenzhen market value of 230k yuan.

According to the prospectus, Fuen Shares is a global ecological and environmental fabric supplier focusing on sustainable development, engaged in R&D, production, and sales of eco-friendly fabrics. It has become a large enterprise integrating fabric design, R&D, spinning, weaving, dyeing, finishing, and sales. Its main product is eco-friendly fabric, mainly recycled fabric, and it is currently a leading enterprise in recycled fabrics for clothing in China.

Its main terminal customers include major domestic and international clothing brands such as H&M, Uniqlo, GU, ZARA, Peacebird, Lilang, and others. The company has strong cooperative relationships with these brands and holds an important position in their supply chains. It is H&M’s largest supplier of recycled polyester-viscose blended fabrics, awarded as a gold fabric supplier; Uniqlo’s largest supplier of recycled polyester-viscose blended fabrics; and GU’s largest supplier of recycled fabrics, recognized as a trusted business partner. The company is also a strategic partner of the domestic fast-fashion brand UR and has received awards for excellent cooperation from Peacebird.

From 2023 to 2025, the company expects to achieve operating revenues of 3.04B yuan, 4.71B yuan, and 1.72 billion yuan, respectively, with net profits attributable to the parent of 229 million yuan, 275 million yuan, and 230 million yuan.

The funds raised will be invested in the integrated project of recycled eco-friendly yarn-dyed fabrics (Project No. 82, 2023) and the high-end eco-friendly recycled materials research institute and green manufacturing project.