A-share subscription | Xingdesheng (603344.SH) opens subscription. Main products include functional protective sleeves and functional monofilaments.

On March 11th, Xingdesheng (603344.SH) began its subscription with an issue price of 19.18 yuan per share, a subscription limit of 19,000 shares, a price-earnings ratio of 20.26 times, and it belongs to the Shanghai Stock Exchange main board. China Securities Co., Ltd. is the sole sponsor. The prospectus shows that Xingdesheng's main business is the design, development, production, and sale of high polymer modified protective materials, including functional protective sleeves and functional monofilaments, widely used in various fields such as automobiles, construction machinery, rail transportation, and communication electronics. The company's main products provide wear resistance, heat insulation, impact resistance, shielding, explosion resistance, fire resistance, noise reduction, and other safety protection for wire harness systems and fluid pipelines in various major sectors, due to their good temperature resistance, UV resistance, flame retardancy, and chemical corrosion resistance properties. The main application areas of the company's products and major direct customers and end brand customers are shown in the following figure. In addition to independently producing functional protective sleeves and functional monofilaments, the company also provides customers with sales of supporting products and other self-manufactured products. Furthermore, the company has successively entered the supply chain of many well-known terminal manufacturers in the domestic and foreign automotive, construction machinery, rail transportation, and communication electronics industries. The direct customers include Amphenol, Sumitomo Electric, BYD Company Limited, Gates Industrial, Zhuzhou CRRC Times Electric, Taikoo Electronics, etc., and the products are ultimately used by major car manufacturers such as SAIC-GM, Dongfeng Honda, GAC Honda, Dongfeng Nissan, Chongqing Changan Automobile, Great Wall Motor, BYD Company Limited, NIO, XPeng Motors, Ide...