The domestic A-share market has officially surpassed the century mark for new initial public offerings this year, with Xinsheng Technology (920093) being the latest addition to the exchange on August 21st. According to data from Tonghuashun iFinD, among this year's 100 newly listed companies, more than half have chosen the Beijing Stock Exchange as their listing venue, with that number reaching 52.

Looking at the first-day trading performance of these new listings, Changjin Photon and Zhenbao Technology both saw their share prices surge by more than 1000% on their debut sessions. Additionally, a total of 76 stocks, including Lianxun Instruments and Tuolunsi, managed to double their share price on the first day of trading.

Beyond those already trading, there are currently six more companies that have completed their issuance but are still awaiting their market debut. These include Beiteli, Gaokai Technology, and Gelin Bio. Furthermore, the week spanning August 24th to 28th will see four additional companies initiate their subscription processes.

Beijing Stock Exchange Dominates New Listings

The A-share market has now seen its 100th new listing of the year, with Xinsheng Technology being the most recent entrant. When it debuted on the Beijing Stock Exchange on August 21st, the company's shares opened 95.12% higher at 28 yuan per share. After a period of volatile trading, the stock eventually closed up 61.6% at 23.19 yuan per share, giving the company a total market capitalization of 3.27 billion yuan. The company specializes in the research, development, and production of computerized embroidery machines.

Reviewing Xinsheng Technology's IPO journey, its application was officially accepted on June 26, 2025, and it entered the inquiry phase on July 23 of that year. On January 16 of this year, the company was scheduled for its listing committee review, but the session was postponed. The company successfully passed its second review on March 12th, submitted for registration on April 30th, and finally received registration approval on July 2nd.

Data from Tonghuashun iFinD confirms that the number of new listings on the A-share market this year has reached 100. For comparison, the 100th new listing of 2025 was China Uranium, which debuted on the Shenzhen main board on December 3, 2025.

When examining first-day performance across all 100 new stocks, Changjin Photon delivered the strongest showing, surging an impressive 1510.52% when it listed on the STAR Market on May 27th. Following closely behind was Zhenbao Technology, which gained 1212.84% on its first trading day. These two stocks were the only ones to exceed 1000% gains on their debut. Additionally, 13 other stocks, including Lianxun Instruments, Tuolunsi, and Xinrui Electronics, recorded first-day gains exceeding 500%.

In terms of subscription returns, seven of the 100 stocks have proven to be particularly lucrative, with investors earning over 100,000 yuan per lot based on first-day closing prices. These include Pinzhun Laser, Lianxun Instruments, Unitree Technology, Changjin Photon, Zhenbao Technology, Chaochun Yingcai, and Hengyunchang.

Breaking down the listing venues, the Beijing Stock Exchange leads with 52 new listings, followed by the main boards with 18, the STAR Market with 16, and the ChiNext board with 14.

Six Companies Ready in the Wings

In addition to those already listed, there are six companies currently in the pipeline that have completed their issuance but are awaiting their debut dates. These include Beiteli, Gaokai Technology, Gelin Bio, Huada Haitian, Jintai Shares, and Makuang Shares. As of now, none of these companies have confirmed their specific listing dates.

Regarding their intended venues, Jintai Shares and Huada Haitian are set to list on the Beijing Stock Exchange. Gelin Bio and Beiteli will be ChiNext listings, while Gaokai Technology and Makuang Shares are scheduled for the STAR Market and the Shanghai main board, respectively.

Looking ahead, Huahui Intelligent is scheduled to start its subscription on August 24th with an issue price of 17.71 yuan per share, targeting a listing on the Beijing Stock Exchange. The company is a high-tech enterprise focused on the research, development, production, and sale of intelligent equipment such as nano bead mills and their key components. Furthermore, Luozhou Shares and Tianbo Intelligent will initiate their subscription processes on August 26th, followed by Dianke Siyi on August 28th.

It is worth noting that Luozhou Shares, which is headed for the ChiNext board, is publicly offering 124 million shares, marking the largest initial offering size among ChiNext listings this year. The company is primarily engaged in the research, development, production, and sale of bearings and related components. Meanwhile, Dianke Siyi is offering approximately 102 million shares, ranking third among this year's ChiNext new issues. This company is a high-tech enterprise specializing in the research, development, manufacturing, and sales of electronic measuring instruments.

Gao Chengyuan, president of the Tiaoyuan Influence Research Institute, believes that the accelerated pace of new stock issuance this year is the result of institutional optimization, market demand, and policy guidance working in tandem. The continuous deepening of registration system reforms has made the review process more efficient and transparent, further smoothing the listing channel for quality enterprises. Additionally, as technological innovation enters a critical breakthrough period, companies in sectors such as semiconductors, artificial intelligence, and new energy have strong financing demands, and the capital market's role in supporting high-quality development continues to strengthen.