A-share subscription | Hongshida (920125.BJ) kicks off subscription to deepen the field of intelligent manufacturing equipment.

On April 13th, Hongshida (920125.BJ) started its IPO, with an issue price of 16.57 yuan per share and a subscription limit of 607,500 shares. The price-earnings ratio is 14.99 times, and it belongs to the Beijing Stock Exchange, with Soochow as its sponsor institution. According to its prospectus, the company is a high-tech enterprise specializing in the research and development, production, and sales of intelligent automation equipment, intelligent flexible production lines, accessories, and consumables, dedicated to providing precise, stable, and reliable intelligent manufacturing solutions for the global consumer electronics, new energy, and semiconductor industries. Since its establishment, the company has focused on the field of intelligent manufacturing equipment, with products focusing on different levels of assembly in intelligent manufacturing including electronic components, circuit boards, system modules, and product assembly. Based on years of continuous research in key core technology areas such as mechanism design, high-precision motion control, flexible automation, machine vision, AI algorithms, etc., the company's products have rapidly developed in terms of functional categories, production processes covered, and end-user industries. In terms of equipment functionality, the company's products cover assembly equipment such as placement, dispensing, pressure bonding, welding, film coating, AI vision inspection systems, functional and reliability testing equipment, as well as auxiliary equipment for automated loading/unloading and intelligent carrier exchange systems, able to provide customers with intelligent automation overall solutions from single-function workstations to complete production lines, and continually provide customers with intelligent manufacturing equipment customization and upgrade services. In terms of covered production processes, the company's products are mainly used in assembly processes, gradually covering more precise SMT manufacturing processes for printed circuit boards; in downstream industries, the company has chosen the consumer electronics industry, which has the fastest development in intelligent manufacturing, as an entry point, gradually expanding market space into new energy, semiconductor, and other fields. The company adheres to driving innovation through technology and ensuring continuous research and development investment. The company is a high-tech enterprise and a national-level "specialized, refined, new" "Little Giant" enterprise. The company has established the Jiangsu Enterprise Technology Center and the Jiangsu 3C and Semiconductor Intelligent Manufacturing Complete Equipment Engineering Research Center. As of the end of the reporting period, the company owned 191 patents, including 52 invention patents, and 97 software copyrights, with abundant technological reserves. The company's research and development of the "Fully Automatic Chip Heat Sink Machine" has automated and intelligentized key processes such as loading/unloading, dispensing, chip planting, and press fitting during the chip heat sink process, and has been selected as the first major equipment in Jiangsu Province in 2024. With excellent product quality and efficient high-quality service, the company has accumulated a rich portfolio of high-quality customer resources. In the consumer electronics field, the company has established good and stable business cooperation relationships with well-known manufacturers such as Luxshare Precision Industry, Foxconn, Taiwan Julang Technology, Avary Holding, AAC TECH, Xinpu Group, Weichuan Zhitong, Suzhou Dongshan Precision Manufacturing, Zhuhai CosMX Battery; in the fields of new energy, semiconductor, etc., it has developed a group of high-quality customers including Delta Group, National Power Shares, Tianshui Huatian Technology, laying a good foundation for the company's continued development. Financially, in 2023, 2024, and 2025, the company achieved operating income of approximately 476 million yuan, 649 million yuan, and 664 million yuan, respectively; and net profits of approximately 38.5287 million yuan, 53.4862 million yuan, and 70.48 million yuan, respectively.