IPO周报｜本周3只新股申购，苹果消费电子供应链公司来了

New IPOs This Week - Three new stocks are scheduled for subscription this week: Suzhou Xinguangyi Electronics Co., Ltd. (301687), Shaanxi Tourism Culture Industry Co., Ltd. (603402), and Hengtong Communication Technology (Shenzhen) Co., Ltd. (920045) [1][2] - Xinguangyi is a leading domestic supplier of flexible circuit board special functional film materials, having successfully broken foreign technology monopolies with products like anti-overflow special film and strong resistance special film [3][4] - As of June 2025, Xinguangyi has over 20 materials entering Apple's supply chain, with some products already delivered, indicating potential for increased sales [4] Company Profiles - Suzhou Xinguangyi Electronics Co., Ltd. (301687): Focuses on high-performance special functional materials, with a competitive edge in anti-overflow and strong resistance films. The company has established partnerships with major flexible circuit board manufacturers and is recognized as a market leader in its field [3][4] - Shaanxi Tourism Culture Industry Co., Ltd. (603402): Engages in tourism performance, cable cars, dining, and project investment. The company leverages high-quality tourism resources like Huaqing Palace and Mount Huashan, and its performance piece "Chang Hen Ge" is a cultural highlight [6][7] - Hengtong Communication Technology (Shenzhen) Co., Ltd. (920045): Specializes in passive optical devices for communication, with a focus on AI data center networks and long-term partnerships with notable clients [8][9] Financial Comparisons - For Xinguangyi, comparable companies have an average revenue of 1.518 billion yuan and an average PS-TTM of 9.50X, with a gross margin of 27.01%. Xinguangyi's revenue is below the industry average, but its gross margin is in the mid-high range [4][5] - Shaanxi Tourism's revenue is comparable to its peers, with an average revenue of 1.271 billion yuan and a gross margin of 56.30%, indicating a strong market position [7] Upcoming Listings - Jiangsu Xihua Technology Co., Ltd. (603248) is set to list on December 23, 2025, focusing on wind power gearboxes and injection molding machines, aiming to become a core supplier in these sectors [10][11]