"A-share IPO | Xintong Electronics (001388.SZ) opens IPO subscription. Its main products include intelligent inspection systems for power transmission lines."

Wisdom Finance app learned that on June 20th, Xintong Electronics (001388.SZ) started its IPO with an issue price of 16.42 yuan per share and a purchase limit of 12,000 shares. The price-to-earnings ratio is 20.39 times, lower than the industry average of 38.1 times. It belongs to the Shenzhen Stock Exchange main board, with CMB Securities acting as the sponsor (lead underwriter).