Hongfucheng to Debut on ChiNext on Sept 29 at 76.86 Yuan/Share
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Hongfucheng announced that its common stock will be listed on the Shenzhen Stock Exchange's ChiNext board on September 29, 2026, under stock code 301716. The initial public offering consists of 18,730,606 new shares, increasing total shares to 74,922,424. The issue price is 76.86 yuan per share, corresponding to a static price-to-earnings ratio of 21.8 times based on 2025 attributable net profit (lower of before/after non-recurring items, diluted), which is below the industry and comparable company averages. The company cautioned that there will be no price limit in the first five trading days, and the initial tradable share proportion is 16.62%, warning of potential trading volatility and liquidity risks.
Source report
Hongfucheng has announced that its RMB-denominated ordinary shares (A-shares) will be listed on the Growth Enterprise Market (ChiNext) of the Shenzhen Stock Exchange on September 29, 2026, under the stock code 301716.
Key Details of the Initial Public Offering
- Total shares offered in the IPO: 18,730,606 shares (all newly issued)
- Total shares after issuance: 74,922,424 shares
- Issue price: RMB 76.86 per share
- Static price-to-earnings (P/E) ratio: 21.8 times (based on the lower of the audited net profit attributable to parent company before and after extraordinary gains/losses for 2025, diluted after issuance)
The P/E ratio is lower than the industry average and the average of comparable companies.
Risk Reminders
The company has issued the following risk warnings:
- No price limit for the first five trading days following the listing
- Initial circulating shares account for 16.62% of total shares after issuance
- Potential risks include:
- Trading price volatility
- Insufficient liquidity
Source
证券之星-股市直击Eastern
Part of this Story
Hongfucheng New Materials to List on Shenzhen ChiNext on September 29 at 76.86 Yuan/Share