According to the latest offering schedule, three new stocks are open for subscription next week: Kaidacheng Heavy Industry on the Beijing Stock Exchange, Hongfucheng on the ChiNext Board, and LYGEND RESOURCE on the Shenzhen main board.
Kaidacheng Heavy Industry, slated for subscription tomorrow (September 14), is a "little giant" in the critical components sector for steel rolling. Based on data from the China Foundry Association, the company ranked first domestically in 2024 for sales of section steel rolls (including roll rings and roll shafts). The offering price for Kaidacheng Heavy Industry is set at 4.26 yuan per share, making it the cheapest new stock listing this year. The company is issuing a total of 60 million shares, with 42 million shares available for online subscription. Investors participating in the online subscription can apply for up to 2.55 million shares.
Public filings show that Kaidacheng Heavy Industry is a national-level manufacturing single champion in the roll sector and a national specialized and innovative "little giant" enterprise. It focuses on the R&D, production, and sale of rolls, roll rings, and other key steel rolling components. As the lead drafter of the industry standard for hot-rolled section steel rolls, the company has established a market-leading position as a mainstream supplier in this field. It already supplies major domestic steel producers such as Baowu Group, Jinxi Steel, Shandong Iron and Steel, Ansteel Group, and Baotou Steel, while also expanding overseas to serve international giants like ArcelorMittal, EVRAZ, JSW, British Steel, and POSCO Holdings.
According to its prospectus, Kaidacheng Heavy Industry projects full-year 2026 revenue of 507 million yuan, up 6.35% year-on-year, with net profit attributable to parent shareholders reaching 73.3723 million yuan, a 3.56% increase.
Meanwhile, Hongfucheng, available for subscription next Wednesday (September 16), is a leading domestic producer of thermal management materials. In this sector, the company is one of the few enterprises capable of mass-producing graphene thermal pads with large-scale applications. Leveraging innovative products such as graphene thermal pads and metal-carbon composite materials, it has entered the supply chain for thermal interface materials of top global AI chip makers and is now shipping in bulk. It is also one of the few domestic firms to have successfully achieved small-batch supply of TIM1 thermal interface materials.
Finally, LYGEND RESOURCE, scheduled for subscription next Friday (September 18), is a global leader in the nickel industry chain. According to a report by China Insights Consultancy, the company's nickel product trading volume ranked first globally in 2024, equivalent to 10.4% of global market demand that year. It is also China's largest nickel ore supplier, holding an approximate 35.8% market share. Industry analysts note that among new listings on the Shanghai and Shenzhen exchanges in 2026, LYGEND RESOURCE's total share issuance ranks ninth, suggesting a relatively higher probability of allocation for investors participating in the subscription.