Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-24 04:24Summary of New Stock Offerings Core Viewpoint - Two new stocks are available for subscription next week, one on the Shanghai Stock Exchange and one on the Beijing Stock Exchange, with specific details on pricing and earnings ratios provided for each company [1]. Group 1: Huaxin Precision Technology (华新精科) - Huaxin Precision Technology is a leading domestic manufacturer of precision stamping cores for electric vehicle drive motors [1][2]. - The offering price is set at 18.60 CNY per share, with an issuance price-to-earnings ratio of 21.68, closely aligned with the industry average of 21.8 [1]. - The company plans to issue 43.73 million shares, with a maximum subscription limit of 13,500 shares for individual investors, requiring a market value of 135,000 CNY in the Shanghai market [1]. - Huaxin Precision Technology has established partnerships with major automotive and electrical equipment manufacturers, including BMW Group, BYD, and Bosch [2]. - Revenue projections show 1.192 billion CNY in 2022, 1.189 billion CNY in 2023, and 1.421 billion CNY in 2024, with net profits of 114 million CNY, 156 million CNY, and 153 million CNY respectively [2]. Group 2: Sanxie Electric (三协电机) - Sanxie Electric is a leading enterprise in the field of control motors, focusing on the research, development, manufacturing, and sales of various types of motors [3]. - The offering price is set at 8.83 CNY per share, with an issuance price-to-earnings ratio of 11.86 [3]. - The company’s products, including stepper motors and servo motors, are widely used in industries such as security, textiles, and robotics, with established partnerships with companies like Hikvision and Dahua Technology [3][4]. - Revenue projections indicate 287 million CNY in 2022, 362 million CNY in 2023, and 420 million CNY in 2024, with net profits of 27 million CNY, 49 million CNY, and 56 million CNY respectively [4].