According to the current issuance schedule, four new stocks will be available for subscription next week, with two on the ChiNext board, and one each on the Beijing Stock Exchange and the Shanghai main board. Looking at the calendar, investors can subscribe to the Beijing Stock Exchange listing Huahui Intelligent on Monday (August 24), followed by the ChiNext debutant Luozhou Bearing and the Shanghai main board offering Tianbo Intelligent on Wednesday (August 26), with the ChiNext newcomer CETC Instruments closing out the week on Friday (August 28).

It is worth highlighting that the two ChiNext stocks, Luozhou Bearing and CETC Instruments, are set to publicly issue 124 million shares and 102.0694 million shares respectively, ranking first and third among all ChiNext IPOs so far this year. This scale suggests that the likelihood of being allocated shares in these offerings could be relatively high.

Where to begin: Huahui Intelligent stands out as a "little giant" enterprise specializing in nano grinding machines. The company has set its IPO price at 17.71 yuan per share, with a corresponding price-to-earnings ratio of 14.99 times. Huahui Intelligent focuses on the research, design, production, and sale of intelligent equipment such as nano sand mills and their key components, building a product portfolio that spans precision mechanical parts, lithium battery intelligent equipment, and CNC machine tool intelligent equipment. Among these, nano sand mills serve as core equipment for producing lithium battery cathode and anode materials, while CNC machine tools are primarily used in the processing and manufacturing of automotive and electronic components. As a nationally recognized specialized and innovative "little giant" enterprise, Huahui Intelligent has established strong partnerships with prominent lithium battery material firms and major state-owned enterprises, including Hunan Yuneng, Wànrùn Xīnnéng, BTR, BYD, and CNOOC, giving it notable brand recognition and competitive strength in the lithium battery material grinding systems sector. In terms of financial performance, the company reported revenues of 300 million yuan, 427 million yuan, and 616 million yuan for 2023, 2024, and 2025 respectively, with net profits attributable to shareholders of 46 million yuan, 63 million yuan, and 80 million yuan over the same period. For the first half of 2026, revenue reached 357 million yuan, up 1.73% year-on-year, while net profit attributable to shareholders grew 13.17% to 57 million yuan.

Luozhou Bearing is a leading player in the high-end bearing sector. The company is issuing 124 million shares in this IPO, with an online subscription cap of 14,500 shares per account, requiring investors to hold Shenzhen market value of 145,000 yuan for maximum subscription. Luozhou Bearing is engaged in the research, development, production, and sale of bearings and related components, ranking among the largest comprehensive bearing manufacturers in China. It operates the only state key laboratory in the bearing industry and holds a leading domestic position in the research and deployment of high-end bearing technology. The company serves as a primary bearing supplier to downstream sectors including wind power, rail transit, aerospace and defense, and new energy vehicles, with major customers covering industry leaders such as China Railway Group, China State Shipbuilding, BYD, Envision Energy, SANY Group, and Goldwind, giving it a solid customer base and broad market influence. Financially, Luozhou Bearing generated revenues of 4.441 billion yuan, 4.675 billion yuan, and 6.034 billion yuan in 2023, 2024, and 2025, with attributable net profits of 231 million yuan, 251 million yuan, and 529 million yuan respectively. In the first half of 2026, revenue climbed 8.52% year-on-year to 3.061 billion yuan, while net profit attributable to shareholders rose 11.35% to 286 million yuan.

Tianbo Intelligent is a prominent name in the automotive thermal management sector. The company is offering 30 million shares in this IPO, with an online subscription cap of 9,500 shares per account, requiring Shanghai market value of 95,000 yuan for full subscription. Tianbo Intelligent is a well-known manufacturer of automotive thermal management system components, having also expanded into automotive acoustic components, with products primarily applied in the automotive industry. According to research by Frost & Sullivan, the company's core products, including automotive thermostats, intelligent water valves, temperature sensors, and AVAS (Acoustic Vehicle Alert System), hold leading positions in the industry, ranking first, second, fourth, and second respectively in domestic market share by revenue in 2024. The company's customer base covers most domestic OEMs, with all of China's top ten automakers by sales volume in 2025 counted among its clients. Beyond automotive applications, Tianbo Intelligent has also expanded its thermal management products into areas such as energy storage and AI data center servers, establishing partnerships with several well-known companies in these fields. In terms of performance, the company recorded revenues of 1.27 billion yuan, 1.693 billion yuan, and 1.961 billion yuan for 2023, 2024, and 2025, with net profits attributable to shareholders of 112 million yuan, 323 million yuan, and 351 million yuan respectively. For the first half of 2026, revenue grew 2.66% year-on-year to 945 million yuan, while attributable net profit declined 12.58% to 163 million yuan.

CETC Instruments is a leader in high-end electronic measurement instruments. The company is issuing 102.0694 million shares, with an online subscription cap of 12,000 shares per account, requiring Shenzhen market value of 120,000 yuan for maximum subscription. CETC Instruments specializes in the research, manufacturing, and sale of electronic measurement instruments, with products covering complete instruments, test systems, and components. It boasts the most comprehensive product range and the widest spectrum coverage in China's electronic measurement instrument industry. Moreover, CETC Instruments is currently the only domestic company capable of benchmarking against international leaders across microwave/millimeter wave, optoelectronics, communications, and basic measurement instruments, achieving international leading levels in certain niche segments. On the financial front, the company posted revenues of 2.153 billion yuan, 2.052 billion yuan, and 2.398 billion yuan in 2023, 2024, and 2025, with attributable net profits of 190 million yuan, 275 million yuan, and 438 million yuan respectively. In the first half of 2026, revenue decreased 2.78% year-on-year to 966 million yuan, while net profit attributable to shareholders increased 4% to 167 million yuan.