Longyuan Co., Ltd. March 23rd IPO Purchase Guide

(Source: Sci-Tech 100 ETF Fund)

Longyuan Co., Ltd. subscription code 920055, subscription price 24.70 yuan, maximum subscription per account is 765,000 shares, subscription quantity in multiples of 100 shares.

Longyuan Co., Ltd. Subscription Guide >>>

【Subscription Guide】

iFinD data from Tonghuashun (300033) shows that Longyuan Co., Ltd. will be available for subscription on March 23, with stock code 920055, subscription code 920055, online issuance of 15.3 million shares, issue price of 24.70 yuan per share, and an IPO P/E ratio of 14.99.

【Company Profile】

Ningbo Longyuan Co., Ltd. specializes in the R&D, production, and sales of aluminum alloy precision castings. The company’s main products include automotive engine systems, new energy vehicle three-electric systems, automotive steering systems, thermal management systems, other automotive parts, general mechanical parts, and other non-automotive components. The company is recognized as a “Little Giant” enterprise at the national level in the fourth batch of such companies; this designation is valid for three years, from July 1, 2022, to June 30, 2025. The company submitted review materials for the “Little Giant” status in June 2025. According to the Ministry of Industry and Information Technology’s notice (Industry and Information Technology Office Letter [2025] No. 190), the titles of previously recognized “Little Giants” remain valid until the review results are officially announced. On December 6, 2024, the company obtained a High-Tech Enterprise Certificate (Certificate No.: GR202433100176), valid for three years.

【Issuance Schedule】

【Latest and Most Complete New Stock Application Manual】

Chapter 1: Market Value - Do I qualify to subscribe for new stocks?

Q: How much funds do I need to hold?

A: The new regulations require investors to hold an average daily market value of at least 10,000 yuan in the 20 trading days before T-2.

Q: Taking GaoLan Co., Ltd. (300499) as an example, if I hold market value of 200,000 yuan in Shenzhen stocks before the market close on January 20, can I subscribe on January 22?

A: Yes, with an average daily market value of 10,000 yuan on the 20th, you can apply for 1,000 shares. However, if you haven’t purchased stocks after the 20th, you cannot subscribe for GaoLan Co., Ltd. regardless of how much you buy afterward.

Q: I hold Shanghai stocks with an average daily market value exceeding 10,000 yuan. Can I subscribe for GaoLan Co., Ltd.?

A: No. Shanghai and Shenzhen markets are separate. Holding Shanghai stocks only allows you to apply for Shanghai new stocks; the same applies to Shenzhen.

Q: I haven’t opened the ChiNext (Growth Enterprise Market) yet. Can I subscribe for ChiNext new stocks?

A: No. You need to open ChiNext account before subscribing.

Q: Do I need to calculate my subscription amount myself?

A: No, you can check your available quota when applying.

Chapter 2: Subscription process - issues on the actual subscription day

Q: How does the subscription process work?

A: For most investors, it’s the same as buying stocks in previous years. For example, with GaoLan Co., Ltd., enter stock code 300499 in your trading account, the price is fixed, and fill in the maximum purchasable amount. Note that Shanghai stock subscription codes differ from stock codes; for example, the issuance of Dongfang Fashion (603377) on January 27 has stock code 603377 but subscription code 732377. Shenzhen stock subscription code is the same as the stock code.

Q: If my subscription quota is 2,000 shares, can I apply in two separate transactions on the same day?

A: No, the system only supports the first application. It’s recommended to apply for the full amount in one go.

Q: I have multiple accounts. Can I apply for a little from each?

A: No. The system only recognizes the first application per investor; subsequent applications are invalid.

Q: To increase my market value, should I consolidate stocks into one account?

A: Not necessary. The system automatically calculates the total market value across all accounts.

Q: Can I entrust my broker to apply for me?

A: No. You need to operate manually.

Chapter 3: Winning results - Did I “win” the lottery?

Q: How to check the winning result?

A: 1. Check the allocation number. For example, if you apply for 5,000 shares of a ChiNext stock with a starting allocation number of 1,309,720, and 500 shares per allocation, you have 10 allocations. The result is announced on T+1, and then you compare the last few digits of your allocation number with the draw. 2. Check the trading software. On T+2, open your trading app; if the new stock still appears, you’ve won. If not, you didn’t. You can also check on T+1 evening. If you applied for 5,000 shares but only see 500 or 1,000 shares in your account, congratulations, you won! Generally, if the number of shares in your account is less than your application amount, you’ve won.

Chapter 4: Follow-up - I got the new stock, when do I pay?

Q: The winning result is announced on T+2. When will the funds be available?

A: You can check the result on the evening of T+1, and early morning of T+2. Try to do it early.

Q: If the result is announced on T+2 and it’s a Sunday, how do I pay?

A: Holidays are excluded.

Q: The funds are supposed to arrive on T+2. Should I transfer after work?

A: Absolutely not. Remember, the bank-securities system closes at 16:00, and transfers after that are not possible. All funds must be in before 4 pm.

Q: Can I use the proceeds from selling stocks on T+2 to pay for the subscription?

A: Yes.

Q: I applied for 5,000 shares and won one allocation. Do I pay for 5,000 shares or just 500?

A: Just 500 shares.

Q: I have enough funds in my account. Do I need to do anything after winning?

A: No, the system will automatically deduct the amount.