According to the current issuance schedule, there will only be one new share subscription next week, which is the new share of Hongyuan Co., Ltd. on the Beijing Stock Exchange on Monday (August 11th).
Hongyuan Co., Ltd. is a leading domestic enterprise specializing in electromagnetic wires for ultra-high voltage transformers. Its issue price is 9.17 yuan per share, and its issue price-earnings ratio is 12.34 times.
The prospectus shows that Hongyuan Co., Ltd. mainly engages in the research and development, production and sales of electromagnetic wires. Its products mainly include various categories such as transposion-changing conductors, paper-clad wires, enameled wires, enameled paper-clad wires, and combined conductors. Currently, they are mainly applied in large-scale power transmission and transformation equipment such as high-voltage and large-capacity power transformers, converter transformers and reactors.
The clients of Hongyuan Co., Ltd. include major large-scale power transmission and transformation equipment manufacturers such as TBEA (600089), China XD Electric (601179), Shandong Electric Power Equipment, Shandong Power Transmission and Transformation, Baobian Electric (600550), and Hitachi Energy. The major overseas customers include power transformer manufacturers such as ASTOR in Turkey, VTC in the United States, ELSEWEDY in Egypt and B&D in Indonesia.
Apart from the power industry, Hongyuan Co., LTD., relying on its years of accumulated experience in the research and development and production of electromagnetic wires, has actively laid out in the new energy industry, focusing on the research and development of electromagnetic wires for high-power drive motors of new energy vehicles, in order to enrich the company's product structure and enhance its comprehensive competitiveness. Up to now, the company has received orders from some domestic and foreign new energy vehicle manufacturers or motor enterprises and is a qualified supplier of VinFast, a Vietnamese new energy vehicle manufacturer.
In terms of performance, from 2022 to 2024, Hongyuan Co., Ltd. achieved operating revenues of 1.311 billion yuan, 1.461 billion yuan and 2.072 billion yuan respectively, and realized net profits of 50 million yuan, 64 million yuan and 101 million yuan respectively. In the first half of 2025, Hongyuan Co., Ltd. achieved operating revenue of 1.246 billion yuan and net profit of 48 million yuan.
Recently, the enthusiasm for subscribing to new shares on the Beijing Stock Exchange has remained high.
Data shows that on July 22nd, Dingjia Precision, which was issued, saw 659,600 investors participate in the new share subscription. The online issuance froze 628.838 billion yuan, breaking through 600 billion yuan for the first time. Youli Intelligence, which was issued on July 29th, saw 564,100 investors participate in the new share subscription, with 614.53 billion yuan of funds frozen online. Zhigao Machinery, which was issued on August 5th, saw 612,000 investors participate in the new share subscription. The online issuance froze 731.55 billion yuan, setting a new record high for the Beijing Stock Exchange.
Data shows that since the beginning of this year, eight new stocks have been listed on the Beijing Stock Exchange, with an average increase of 337.97% on their first trading day.