This week's new share offerings include a leading semiconductor components manufacturer.
According to Wind data and public information, two new stocks are scheduled for subscription this week (June 29 to July 3): Torrens Precision Manufacturing (Jiangsu) Co., Ltd. (referred to as "Torrens", stock code: 301583) and Beijing Comet Science & Technology Co., Ltd. (referred to as "Comet", stock code: 920189).
Among them, Torrens is a core domestic supplier of metal components for semiconductor equipment, with over 80% of its revenue stably contributed by two major equipment leaders, Naura Technology Group Co.,Ltd. (ASX: 002371) and Advanced Micro-Fabrication Equipment Inc. China (ASX: 688012). The company focuses on the R&D and production of critical semiconductor components, with its business centered on high-barrier front-end core equipment processes such as etching and thin-film deposition, covering areas including logic chip and memory chip process equipment, as well as advanced packaging.
This Week's Subscription Schedule
According to the timetable, both Torrens (301583) and Comet (920189) will be available for subscription on Monday, June 29.
Torrens specializes in providing precision metal components for semiconductor equipment and high-power lasers, including process components, structural parts, gas delivery systems and assemblies.
The company is a core domestic supplier of metal components for semiconductor equipment, with over 80% of its revenue stably contributed by two major equipment leaders, Naura Technology Group Co.,Ltd. (ASX: 002371) and Advanced Micro-Fabrication Equipment Inc. China (ASX: 688012). It focuses on the R&D and production of critical semiconductor components, with its business centered on high-barrier front-end core equipment processes such as etching and thin-film deposition, covering areas including logic chip and memory chip process equipment, as well as advanced packaging.
On the product side, the company has achieved stable supply for key components such as chambers, liners, and gas distribution plates. It continues to tackle industry challenges like multi-layer structures, large cross-sections, and complex water/gas channel welding. This has enabled the successful development of complex structural key components with low domestic production rates, such as cold plates, multi-tube heating reflector hoods, and electrostatic chuck bases, forming a relatively complete product portfolio.
Comet is primarily engaged in the R&D, production, and sales of high-molecular new materials such as electronic packaging materials and high-performance modified plastics. Since its establishment, the company has adhered to a strategy of R&D-driven business development, continuously achieving technological breakthroughs and industrialization across three major technology platforms: silicone packaging materials, epoxy packaging materials, and modified expandable polystyrene materials.
The main product form of its electronic packaging materials is electronic adhesives for LED chip packaging, widely used in fields such as new displays, semiconductor lighting, semiconductor device packaging, and aerospace. Its high-performance modified plastic product is modified expandable polystyrene, extensively used in head protection for sports and transportation, protection of fragile components in LCD panels and lithium batteries, and building energy efficiency.
From 2023 to 2025, the company's operating revenues were 384 million yuan, 423 million yuan, and 469 million yuan, respectively. Its comprehensive gross profit margins were 36.16%, 38.86%, and 40.76%, showing a year-on-year increase. The company forecasts a net profit attributable to parent company owners of 40 million to 46 million yuan for the first half of 2026, representing a year-on-year increase of 12.72% to 29.63%.
New Listings This Week
According to the timetable, two new stocks are planned for listing this week. Among them, Keliruidi (920072) is scheduled to list on Monday, June 29, and Yikun Electric (920222) will list on Tuesday, June 30.
According to a Kaiyuan Securities research report, Keliruidi is a national-level "little giant" enterprise specializing in providing supporting medical device solutions for the radiotherapy and rehabilitation therapy fields, forming two main product series: radiotherapy positioning devices and rehabilitation assistive devices.
The company employs a "distribution-oriented, direct sales-supplemented" model. Its products cover over 80 countries and regions globally, with deep cooperation with leading companies like United Imaging and Siemens. It holds a leading domestic market share in radiotherapy positioning products, with low customer concentration and stable operations.
Keliruidi is one of the global leaders in the radiotherapy positioning field. In 2023, its patient positioning products held a 7.0% global market share, ranking third worldwide, and a 42.5% domestic market share, ranking first in China.
According to a Kaiyuan Securities research report, Yikun Electric is a national-level "little giant" enterprise focusing on comprehensive solutions for insulation, overvoltage protection, and online monitoring in the rail transit and power system fields. Its main products include surge arresters, insulators, fuses, and online monitoring devices and systems.
From 2023 to 2025, the company's operating revenues were 284 million yuan, 339 million yuan, and 373 million yuan, respectively. Net profits attributable to parent company owners were 41.76 million yuan, 54.39 million yuan, and 59.08 million yuan, showing an overall upward trend. Gross profit margins were 32.57%, 33.71%, and 32.23%, respectively. For the first three months of 2026, its operating revenue was 88.43 million yuan, a year-on-year increase of 12.65%; net profit attributable to parent company owners was 10.77 million yuan, a year-on-year increase of 14%.
Last week, two new stocks were listed.
On June 26, HKC (001399) was listed on the Shenzhen Stock Exchange with an issue price of 10.12 yuan per share. By the close of its first trading day, the stock was quoted at 42 yuan per share, a gain of 315.02%. Based on the closing price, the floating profit for investors per lot was approximately 15,900 yuan.
On June 24, Zhenbao Technology (688797) was listed on the STAR Market with an issue price of 44.56 yuan per share. By the close of its first trading day, the stock was quoted at 585 yuan per share, a gain of 1212.84%. Based on the closing price, the floating profit for investors per lot was approximately 270,200 yuan.
Last Week's IPO Approvals
Regarding review committee approvals, the Shanghai and Beijing stock exchanges held new listing review committee meetings last week.
Among them, Jiangsu Gaokai Precision Fluid Technology Co., Ltd. (referred to as "Gaokai Precision") and Suzhou Sinovent Pharmaceuticals Co., Ltd. (referred to as "Sinovent Pharma"), both aiming for the STAR Market; Zhuhai Fuji Intelligent Co., Ltd. (referred to as "Fuji Intelligent"), Qingdao Huasheng Intelligent Equipment Co., Ltd. (referred to as "Huasheng Intelligent"), Singo International Audio-Video Co., Ltd. (referred to as "Singo International"), and Shenzhen Kejinming Electronic Co., Ltd. (referred to as "Kejinming Electronic"), all aiming for the Beijing Stock Exchange, successfully passed their reviews.
This week, the Shanghai and Shenzhen stock exchanges will continue their review meetings.
On June 30, the Shenzhen Stock Exchange will review the initial public offering application of Guangzhou Tongze Kangwei Technology Co., Ltd. (referred to as "Tongze Kangwei") for the ChiNext board. The company is mainly engaged in the design, R&D, production, and sales of its own series of broadband connection terminal equipment, primarily providing products and services directly to global telecom operators and actively expanding applications for vertical industry customers.
On July 2, the Shanghai Stock Exchange will review the initial public offering application of Shenzhen Core Medical Technology Co., Ltd. (referred to as "Core Medical") for the STAR Market. Since its establishment, the company has focused on major clinical needs for acute and chronic heart failure, relying on original innovation and breakthroughs in key core technologies to continuously promote product iteration and upgrades in the field of artificial hearts.
On July 3, the Shanghai Stock Exchange will review the initial public offering application of Shenyang Blower Works Group Co., Ltd. (referred to as "Shengu Group") for the main board. The company is a strategic, pillar, and leading enterprise in China's general machinery industry, and one of the few manufacturing companies in the world capable of independently designing and manufacturing major technical equipment such as large-scale complex compressors and high-end nuclear main pumps.
Latest Hong Kong Market Developments
For the Hong Kong market, Wind data shows that one new stock is scheduled for subscription this week (June 29 to July 3). Tongrentang Healthcare (02667.HK) will be available for subscription from Monday to Thursday this week.
Last week, Zhejiang New Ruili Auto Parts Co., Ltd., Shenzhen Megmeet Electrical Co., Ltd., and Fuxing Antigen (Chengdu) Biopharmaceutical Co., Ltd. submitted their initial Hong Kong listing applications for the first time.
Weijian International Holdings Group Co., Ltd., Universal Horticulture Co., Ltd., and EpimAb Biotherapeutics Co., Ltd. updated their Hong Kong listing applications.
Xiamen Ruiwei Information Technology Co., Ltd., Luoshi (Shandong) Robot Group Co., Ltd., and EasyControl Intelligent Driving Technology Co., Ltd. passed their listing hearings.
The Hong Kong IPO applications of Guangzhou Shiyuan Electronics Technology Co., Ltd., Beijing Yucheng Technology Group Co., Ltd., and Guangzhou Xinji Pharmaceutical Co., Ltd. lapsed.
Key Investment and Financing Events
1. On June 26, Wujie Dongli (Beijing) Technology R&D Co., Ltd. announced the recent completion of an over $200 million angel round financing. The latest angel round was jointly invested by several well-known institutions including a JD.com-affiliated fund, C Capital, Hony Capital, Shengyu Investment, and Fengyuan Investment, with follow-on investments from existing shareholders Linear Capital, Sequoia Capital China, Huaye Tiance, and Yari Capital.
2. On June 26, Suzhou Jitian Xingzhou Space Technology Co., Ltd. announced the recent completion of a several hundred million yuan Series B financing round. This round was jointly funded by Suzhou New District Financial Holding, Heji Capital, Zhuopu Capital, Juhe Capital, Yuanhe Origin Capital, Yuanhe Houwang Capital, Zhidao Capital, Bangsheng Capital, and Zhongshi Capital.
3. On June 25, Heyuan Lithium (Suzhou) New Energy Technology Co., Ltd. announced the recent completion of a several hundred million yuan Series A financing round. This round was led by Xiaomi Yangtze River Fund, with follow-on investments from China Insurance Investment Fund, Chengdu Science and Technology Innovation Investment, Changjiang Green Water Fund, and an important industrial party.
4. On June 25, Fujian Huixin Laser Technology Co., Ltd. announced the recent completion of an A2+ round financing, with a total amount reaching several hundred million yuan. This round was led by China Renaissance Capital, with joint participation from Guizhou High-tech Fund, Yinshan Capital, Duncheng Investment, Caixin Capital, Wintop Venture Factory, and Minglizehua.
5. On June 25, Hefei Juhe Jubian Technology Co., Ltd. announced the recent completion of a several hundred million yuan first-round financing. Investors include Hillhouse Ventures, Sequoia China, Tongchuang Weiye, Hefei Innovation Investment under Hefei Industry Investment, BV Baidu Ventures, and Guoyuan Equity under Guoyuan Securities.
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