The initial public offering calendar for this week features two new subscription opportunities, with one being a supplier to major Chinese tech giants ByteDance, Tencent, and Alibaba.

A review of Wind data and public filings shows that during the week of September 21 to September 24, two companies are scheduled for IPO subscription: Jiangsu Yute Optoelectronics Technology Co., Ltd. (referred to as "Yute Optoelectronics", 920157) and Cansemi Semiconductor Technology Co., Ltd. (referred to as "Cansemi Technology", 301660).

This Week's IPO Subscriptions

According to the schedule, investors can subscribe to Yute Optoelectronics (920157) on Monday, September 21, while Cansemi Technology (301660) opens for subscription on Thursday, September 24.

Based on a research report from Kaiyuan Securities, Yute Optoelectronics is a national-level specialized and innovative "Little Giant" enterprise focused on the R&D design, precision manufacturing, and sales of optical connectivity products. Its core products are primarily applied in data centers and fiber optic access, having established long-term, stable partnerships with domestic leading optical communication firms such as Accelink Technologies, YOFC, and Hengtong Optic-Electric. These products are widely utilized in data centers of top-tier global internet companies, including Alibaba, Tencent, and ByteDance.

As of December 31, 2025, the company holds 141 patents, comprising 21 invention patents, 64 utility model patents, and 56 design patents. Additionally, it has contributed to the formulation of four communications industry standards. In 2025, Yute Optoelectronics generated operating revenue of 333 million yuan, representing a year-on-year increase of 31.62%. Net profit attributable to shareholders reached 69.17 million yuan, up 48.91% year-on-year, while non-GAAP net profit attributable to shareholders was 64.82 million yuan, surging 58.25%. The company's gross margin and net margin stood at 34.62% and 20.76%, respectively, with profit growth outpacing revenue growth, suggesting further upside in earnings elasticity.

Wind data indicates that Cansemi Technology operates under a specialty process wafer foundry business model, serving chip design companies and end customers. Its primary clientele includes several top-tier semiconductor design firms both domestically and internationally. The company possesses process development and manufacturing capabilities for integrated circuits, power devices, and other products, with applications spanning consumer electronics, industrial control, automotive electronics, and artificial intelligence.

New Listings Scheduled for This Week

Turning to new listings, two companies are tentatively set to debut this week: Century Digital (920229) and China Plastic Molding (301686), both scheduled to list on Tuesday.

Wind data shows that Century Digital, headquartered in the Zhengzhou High-tech Industrial Development Zone, is a high-tech enterprise specializing in the R&D, manufacturing, sales, and service of wide-format printers and related consumables. To date, the company has independently developed a range of mature products, including the Tiancai, Huanying, and Century Wind series of wide-format printers, laminating machines, digital textile printing machines, UV flatbed-roll combined machines, and paper cutters. It holds a leading position in the domestic photo printer industry, with products exported to Europe, the Americas, and Southeast Asia, and has established distribution networks and service systems across multiple countries and regions globally.

According to Wind data, China Plastic Molding primarily engages in the R&D, production, and sales of modified engineering plastics. Guided by a product differentiation strategy, the company focuses on developing high-value-added modified engineering plastic products. It adheres to independent R&D and continuously enriches its product portfolio. Core offerings include high-performance engineering materials such as modified PC, PC/ABS, PA, PPA, PBT, and PET, as well as specialty functional materials like laser direct structuring (LDS) materials, nano-injection molding engineering materials, and ultra-high-temperature resistant specialty nylon materials. The company's direct customers cover major domestic precision structural part manufacturers and module suppliers, including FIH Mobile, BYD, GoerTek, AAC Technologies, Lingyi iTech, Luxshare Precision, Jietong Technology, Zhongwei Precision, Changying Precision, Wingtech Communications, Huayu Precision, and Sunway Communication, among others.

Furthermore, the company has entered the qualified supplier resource pools of several downstream indirect customers. In the consumer electronics sector, this includes internationally renowned terminal brands such as Huawei, Samsung, Honor, OPPO, BOSE, Lenovo, and iimoo, as well as ODM manufacturers like Huaqin Technology, Longcheer Technology, and Wingtech Technology. In the energy storage sector, it counts leading brands such as EcoFlow and Anker Innovations as clients. In the automotive sector, it serves new energy vehicle leaders like BYD.

Last Week's IPO Performance

Last week, three new stocks hit the market. On September 17, Shengu Group (601091) listed on the Shanghai Stock Exchange's main board with an issue price of 4.39 yuan per share. By the close of its first trading day, the stock surged to 20.8 yuan, reflecting a gain of 373.8%. Based on the closing price, investors who secured one allotment realized a profit of 8,205 yuan.

On September 16, Sinovant (688837) debuted on the STAR Market at an issue price of 27.6 yuan per share, closing its first day at 40.18 yuan, an increase of 45.58%. At the closing price, the per-lot profit for investors amounted to 6,290 yuan.

Also on September 16, Tengxin Precision (920298) listed on the Beijing Stock Exchange at an issue price of 35.78 yuan per share, finishing its first trading day at 64.3 yuan, up 79.71%. This translated to a per-lot profit of 2,852 yuan for investors.

Review Committee Approvals and Upcoming Hearings

Regarding regulatory reviews, both the Shenzhen Stock Exchange and the Beijing Stock Exchange convened their listing review committee meetings last week. Guangdong Boomed Medical Technology Co., Ltd. (referred to as "Boomed Medical"), which plans to list on the ChiNext board, and Yantai Jumu Chemical Co., Ltd. (referred to as "Jumu Chemical"), targeting the Beijing Stock Exchange, both successfully passed their reviews.

This week, both exchanges will continue their review sessions. On September 22, the Shenzhen Stock Exchange will evaluate the ChiNext listing application of Suzhou Langgao Motor Technology Co., Ltd. (referred to as "Langgao Technology"). The company specializes in the R&D, production, sales, and service of high-performance permanent magnet synchronous motors. Its products feature high efficiency, high power/torque density, high reliability, low noise, and wide-range environmental adaptability, covering applications in new energy commercial vehicles, new energy off-road mobile machinery, wind power generation, industrial high-efficiency energy saving, and automation control. The company has emerged as a leader in China's high-performance permanent magnet synchronous motor segment.

On September 23, the Beijing Stock Exchange will review the listing application of Kejian Polymer Materials (Shanghai) Co., Ltd. (referred to as "Kejian Polymer"). This enterprise is a national-level specialized and innovative "Little Giant" dedicated to the R&D, production, and sales of sealing, bonding, damping, and noise-reduction materials. It primarily focuses on the R&D and manufacturing of butyl rubber products, while also producing silicone adhesive and PVC/PE waterproof strips.

Hong Kong IPO Developments

In Hong Kong, Wind data shows that four new stocks are scheduled for subscription during the week of September 21 to September 25. Kinwong Electronic (03228.HK), Robotechnik (03757.HK), Benmo Power (06731.HK), and Tornado Advanced Materials (09607.HK) are all set to open subscriptions between Monday and Thursday of this week.

Last week, Zhejiang Jingxin Pharmaceutical Co., Ltd. and Shenzhen Haiyou Innovation Intelligent Technology Group Co., Ltd. updated their Hong Kong IPO prospectuses. Additionally, Hunan Junxin Environmental Protection Co., Ltd. and Shenzhen Huanchuang Technology Co., Ltd. successfully passed their listing hearings.

Key Investment and Financing Events

1. On September 20, Qianjue Robotics announced the completion of two consecutive rounds of strategic financing totaling hundreds of millions of yuan, with participation from prominent investors including Lanchi Ventures, funds under CICC Capital, and Jinya Capital.

2. In a September 20 update, Zhishen Technology announced the completion of a Series B financing round amounting to hundreds of millions of yuan. The round was led by Dubai-based Stone Venture, with co-investment from Hongshan Capital, Guangdong Technology Financial Group, Wuzhong Rongyue, Wuzhong Jinkong, and industrial investors including Neusoft Corporation, Haopeng Technology, Vision Capital, and Riyin Electronics.

3. On September 18, Gelabo announced the completion of a Series A financing round of nearly 200 million yuan, jointly funded by Qifu Capital, Changxing Investment, and Chuangshiji Investment.

4. Also on September 18, Zhongke Guosheng successfully concluded its Series C financing, raising a total of 600 million yuan. The round was co-led by HongShan China and Jiantou Investment, with participation from notable institutions such as Huadeng Technology, China Merchants Capital, Guangzhou Industrial Investment Fund, and Chengdu Science & Technology Innovation Investment Group, while existing shareholders like Guoke Investment and Shandong New Momentum Fund increased their stakes.

5. On September 17, Qiantang Longyue announced the completion of a financing round exceeding 100 million yuan, led by Huimei Capital, with follow-on investments from Chenyuan Venture Capital and Zheda Qizhen, and Changhai Capital serving as the exclusive financial advisor for the round.