Two New Stocks Available for Subscription Next Week; Yuesemi's Share Offering Ranks Fourth This Year

A-share IPO investors should take note: according to the current issuance schedule, two new stocks will be available for subscription next week, including CanSemi Semiconductor.

Among the new stocks listed on the Shanghai and Shenzhen exchanges since 2026, CanSemi Semiconductor ranks fourth in total shares issued.

Yute Optoelectronics: High-Performance Optical Connectivity Solutions

• Subscription code: 920157
• Issue price: RMB 13.75 per share
• Issue P/E ratio: 14.99 times
• Reference industry P/E ratio: 73.59 times

Yute Optoelectronics is issuing a total of 17.67 million shares, with 12.37 million shares allocated for online distribution. The maximum number of shares individual investors can subscribe for online is 618,300 shares.

The company engages in the R&D, design, precision manufacturing, and sales of optical connectivity products. It has been recognized as a national-level "Specialized, Refined, Distinctive, and Innovative" enterprise in the communications and telecom operator electronics sector.

As core basic components in optical communication systems, optical connectivity products primarily enhance the efficiency and stability of communication networks in optical communication equipment. Yute Optoelectronics addresses high-speed, high-density optical interconnection issues between data center equipment, meeting the demands of large-scale data exchange.

Specifically, in the data center field, Yute Optoelectronics provides high-speed optical module micro-connectivity components, mainly used for internal optical connections in 400G, 800G, and 1.6T optical modules. These components couple with lasers and detectors, serving as the bridge connecting internal optical devices within optical modules to external fiber optics.

Financial Performance

| Period | Operating Revenue (RMB) | Net Profit Attributable to Parent (RMB) | |--------|------------------------|----------------------------------------| | 2023 | 212 million | 41.8671 million | | 2024 | 253 million | 46.4471 million | | 2025 | 333 million | 69.1695 million |

Source: Yute Optoelectronics Prospectus

2026 Forecasts

First three quarters of 2026:

• Operating revenue: RMB 280 million to RMB 330 million (year-on-year increase of 4.92% to 23.65%)
• Net profit attributable to parent: RMB 59 million to RMB 65 million (year-on-year increase of 3.39% to 13.90%)

Full-year 2026:

• Operating revenue: RMB 450 million to RMB 500 million (year-on-year increase of 35.04% to 50.04%)
• Net profit attributable to parent: RMB 80 million to RMB 95 million (year-on-year increase of 15.66% to 37.34%)

Source: Yute Optoelectronics Prospectus

CanSemi Semiconductor: Guangdong's First Mass-Producing 12-Inch Wafer Manufacturer

• Subscription code: 301660
• Issue price and P/E ratio: Not yet disclosed
• Reference industry P/E ratio: 73.18 times

CanSemi Semiconductor is issuing a total of 513 million shares, with 51.26 million shares allocated for online distribution. The maximum number of shares individual investors can subscribe for online is 128,000 shares, requiring a Shenzhen market holding value of RMB 1.28 million for a maximum subscription.

CanSemi Semiconductor is an integrated circuit manufacturer dedicated to providing 12-inch wafer foundry services and specialty process solutions to chip design companies both domestically and internationally.

According to the prospectus, CanSemi Semiconductor is the first independently cultivated 12-inch wafer manufacturing enterprise in Guangdong Province to enter mass production, helping the province achieve a breakthrough from zero to one in 12-inch wafer manufacturing.

Based on Frost & Sullivan data, as of the end of April 2026, CanSemi Semiconductor is the only enterprise in mainland China with large-scale mass production capabilities for 12-inch silicon photonics wafers.

Currently, CanSemi Semiconductor possesses process R&D and manufacturing capabilities for integrated circuits, power devices, and other products. Its application fields cover consumer electronics, automotive electronics, and AI. The company operates two 12-inch wafer fabs with a planned combined capacity of 80,000 wafers per month. As of the end of 2025, it had achieved a monthly capacity of 63,300 wafers.

Financial Performance

| Period | Operating Revenue (RMB) | Net Loss Attributable to Parent (RMB) | |--------|------------------------|---------------------------------------| | 2023 | 1.044 billion | 1.917 billion | | 2024 | 1.681 billion | 2.253 billion | | 2025 | 2.582 billion | 2.346 billion |

2026 Forecasts

First three quarters of 2026:

• Operating revenue: RMB 2.870 billion to RMB 2.970 billion (year-on-year increase of 61.27% to 66.89%)
• Net loss attributable to parent: RMB 1.590 billion to RMB 1.490 billion (year-on-year narrowing of losses by 5.70% to 11.63%)

According to the prospectus, these forecasts are driven by AI and terminal application demand, coupled with continuous capacity expansion.

Source: China Fund News