IPO Review and Registration Progress - Three IPO applications were accepted last week, including Senhe High-Tech aiming for the Beijing Stock Exchange to raise 490 million yuan, Yisiwei targeting the Sci-Tech Innovation Board with a planned raise of 1.214 billion yuan, and Zhixin Co. applying for an IPO on the Shanghai Main Board with a target of 1.329 billion yuan [2][3] - Senhe High-Tech specializes in the R&D, production, and sales of environmentally friendly precious metal mining agents, with sales revenue from these agents accounting for over 95% of its main business income during the reporting period [2] - Yisiwei focuses on automotive manufacturing machine vision equipment, holding the largest market shares in China’s automotive manufacturing and complete vehicle manufacturing machine vision markets at 13.7% and 22.5% respectively [3] - Zhixin Co. develops and produces automotive welding parts and related molds, with over 70% of its revenue coming from its top five customers [3] Recent IPO Approvals and Upcoming Listings - Huaxin Precision passed its IPO review on June 6, focusing on precision stamping products, with a projected revenue of 1.421 billion yuan in 2024, a 19.49% increase year-on-year [4] - Three companies are set to undergo IPO reviews this week, including Sanxie Electric, which reported steady revenue growth from 287 million yuan in 2022 to 420 million yuan in 2024 [4][5] - United Power, a subsidiary of Huichuan Technology, achieved a revenue of 16.178 billion yuan in 2024, a 72.74% increase, with over 85% of its revenue derived from electric drive systems [5] - Daoshengtianhe, a wind power industry chain company, reported a revenue of 3.238 billion yuan in 2024, a slight increase of 1.13% [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, Zhongce Rubber and Youyou Green Energy, with the latter seeing a significant first-day increase of 68.64% [9][10] - This week, Jiao Da Tie Fa is scheduled to be listed on June 10, with a projected revenue of 335 million yuan in 2024 [10] - Two new stocks are set for subscription this week, including Huazhi Jie and New Henghui, with planned fundraising of approximately 486 million yuan and 519 million yuan respectively [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced plans to support high-quality unprofitable technology companies in going public, emphasizing the importance of information disclosure and market intermediary verification [12] - The China Listed Companies Association released guidelines for audit committees to enhance compliance and governance among listed companies [13]

Core Viewpoint - The article discusses the upcoming IPOs of three companies in the A-share market, highlighting their business focus, pricing, and market potential. Group 1: Upcoming IPOs - Three new stocks will be available for subscription in the A-share market from May 26 to May 30, including Youyou Green Energy, Jiao Da Tie Fa, and Ying Shi Innovation [1] - Youyou Green Energy has an issue price of 89.6 yuan per share, making it the second highest IPO price in the A-share market this year [1] - Jiao Da Tie Fa will be available for subscription at 8.81 yuan per share, while Ying Shi Innovation's issue price has not yet been announced [1][4] Group 2: Youyou Green Energy - Youyou Green Energy specializes in the R&D, production, and sales of core components for DC charging equipment for electric vehicles, with products ranging from 15KW to 40KW charging modules [2] - The company holds a market share of 10.58% in the domestic charging module market, with a domestic sales volume of 76.9 billion watts [3] - Projected revenues for Youyou Green Energy are 988 million yuan, 1.376 billion yuan, and 1.497 billion yuan for the years 2022 to 2024, with net profits of 196 million yuan, 268 million yuan, and 256 million yuan respectively [3] Group 3: Jiao Da Tie Fa - Jiao Da Tie Fa focuses on the R&D, production, and sales of intelligent products and equipment for rail transit, with a strong emphasis on safety [4] - The company’s projected revenues are 235 million yuan, 273 million yuan, and 335 million yuan for the years 2022 to 2024, with net profits of 34 million yuan, 48 million yuan, and 53 million yuan respectively [5] Group 4: Ying Shi Innovation - Ying Shi Innovation is a global provider of intelligent imaging devices, specializing in panoramic and action cameras, with a focus on advanced imaging solutions [6] - The company expects revenues of 2.041 billion yuan, 3.636 billion yuan, and 5.574 billion yuan for the years 2022 to 2024, with net profits of 407 million yuan, 830 million yuan, and 995 million yuan respectively [7] - The company plans to use the funds raised for the construction of a production base and a research and development center [8]

Summary of Key Points Core Viewpoint Three new stocks are available for subscription next week in the A-share market, including companies in the electric vehicle charging and intelligent transportation sectors. Group 1: Yoyo Green Energy - Yoyo Green Energy is a leading supplier of charging modules in China, focusing on the research, production, and sales of core components for electric vehicle charging equipment [1][4]. - The subscription code for Yoyo Green Energy is 301590, with an issue price of 89.60 CNY per share and a price-to-earnings ratio of 15.37, compared to the industry average of 19.25 [1][4]. - The company is recognized as a national-level "specialized and innovative" small giant enterprise, with notable clients including NIO and ABB [1][4]. Group 2: Financial Performance of Yoyo Green Energy - Projected revenues for Yoyo Green Energy from 2022 to 2024 are 988 million CNY, 1.376 billion CNY, and 1.497 billion CNY, respectively, with net profits of 196 million CNY, 268 million CNY, and 256 million CNY [2]. - As of December 31, 2024, total assets are expected to reach 1.797 billion CNY, with equity attributable to shareholders at 1.024 billion CNY and a debt-to-asset ratio of 42.89% [3]. - Management forecasts for the first half of 2025 indicate revenues between 750 million CNY and 914 million CNY, with net profits ranging from 118 million CNY to 142 million CNY [5][6]. Group 3: Jiao Da Tie Fa - Jiao Da Tie Fa is a high-tech enterprise specializing in the research, production, and sales of intelligent products and equipment for rail transportation, also recognized as a national-level "specialized and innovative" small giant [7][9]. - The subscription code for Jiao Da Tie Fa is 920027, with an issue price of 8.81 CNY per share and a price-to-earnings ratio of 12.94, significantly lower than the industry average of 34.96 [8][9]. - Projected revenues for Jiao Da Tie Fa from 2022 to 2024 are 235 million CNY, 273 million CNY, and 335 million CNY, with net profits of approximately 33.8 million CNY, 47.7 million CNY, and 53.4 million CNY [9][10]. Group 4: Financial Performance of Jiao Da Tie Fa - As of December 31, 2024, total assets are projected to be approximately 635.9 million CNY, with equity attributable to shareholders at 257.6 million CNY and a debt-to-asset ratio of 58.42% [10]. - Management forecasts for the first half of 2025 suggest revenues between 110 million CNY and 130 million CNY, with net profits ranging from 10.5 million CNY to 14 million CNY [12][13]. Group 5: Ying Shi Innovation - Ying Shi Innovation is a leading provider of intelligent imaging equipment, focusing on the research, production, and sales of panoramic and action cameras [14]. - The subscription code for Ying Shi Innovation is 787775, with the issue price and earnings ratio yet to be disclosed, but the industry average is 38.34 [14]. - Projected revenues for Ying Shi Innovation from 2022 to 2024 are 2.041 billion CNY, 3.636 billion CNY, and 5.574 billion CNY, with net profits of 407 million CNY, 830 million CNY, and 995 million CNY [15][16]. Group 6: Financial Performance of Ying Shi Innovation - As of December 31, 2024, total assets are expected to reach 502.1 million CNY, with equity attributable to shareholders at 318.1 million CNY and a debt-to-asset ratio of 36.16% [16]. - Management forecasts for the first half of 2025 indicate revenues between 3.214 billion CNY and 3.815 billion CNY, with net profits ranging from 494 million CNY to 583 million CNY [17].