“高中签率”新股，来了！

Summary of Key Points Core Viewpoint - Three new stocks are available for subscription next week, including Zhenstone Co., which has a total issuance of 261 million shares, marking it as the first A-share stock since 2026 to exceed 200 million shares in issuance [2][4]. Group 1: New Stock Offerings - On January 19, investors can subscribe to the new stocks of Agricultural University Technology on the Beijing Stock Exchange and Zhenstone Co. on the Shanghai Stock Exchange, while on January 23, they can subscribe to Shimon Co. on the Shenzhen Stock Exchange [3]. - Agricultural University Technology, known as the "first stock of new fertilizers," has an issuance price of 25.00 yuan per share and an issuance PE ratio of 13.40 times, compared to the industry average of 30.39 times [6]. - Zhenstone Co. has an issuance price of 11.18 yuan per share and an issuance PE ratio of 32.59 times, with a total issuance of 261 million shares, including 54.82 million shares for online subscription [10]. Group 2: Agricultural University Technology - Agricultural University Technology's main business includes the research, production, and sales of new fertilizers and their intermediates, with key products such as humic acid fertilizers and controlled-release fertilizers [6]. - The company has been recognized as the industry leader in the production and sales of coated urea and ranks second in humic acid compound fertilizers from 2020 to 2022 [6]. - Financial projections for Agricultural University Technology indicate expected revenues of 2.2 billion to 2.4 billion yuan in 2025, with a year-on-year change of -6.91% to 1.56% [9]. Group 3: Zhenstone Co. - Zhenstone Co. specializes in the research, production, and sales of fiber-reinforced materials for clean energy, particularly wind turbine blades, and holds over 35% of the global market share for wind power fiberglass fabrics [11]. - The company’s revenue for 2022 to 2024 is projected at 5.267 billion yuan, 5.124 billion yuan, and 4.439 billion yuan, with net profits of 774 million yuan, 790 million yuan, and 606 million yuan respectively [11]. - For 2025, Zhenstone Co. anticipates revenues between 7 billion and 7.5 billion yuan, reflecting a year-on-year growth of 57.70% to 68.69% [15]. Group 4: Shimon Co. - Shimon Co. focuses on providing integrated supply chain logistics solutions for multinational manufacturing enterprises, with a total issuance of 23.07 million shares [18]. - The company’s revenue for 2022 to 2024 is reported at 808 million yuan, 835 million yuan, and 1.028 billion yuan, with net profits of 112 million yuan, 133 million yuan, and 170 million yuan respectively [19]. - Projections for 2025 indicate expected revenues of 925 million yuan, a decrease of 10.08% year-on-year, with net profits expected to decline by 12.70% [22].