On January 28th, the Beijing Stock Exchange will welcome the fourth listed company, Nongda Technology, since 2026. Previously, three companies, Koma Materials, Aiselen, and Guoliang New Materials, went public one after another, and their stock prices performed outstandingly after going public, stimulating the market's enthusiasm for innovation. In this context, the frozen funds for new stock subscriptions on the Beijing Stock Exchange have also exceeded 1 trillion yuan for the first time. As of the close on January 26th, there were a total of 290 listed companies on the Beijing Stock Exchange, with a total market value of 949.571 billion yuan, approaching the trillion yuan mark. Various signs indicate that the high-quality expansion of the Beijing Stock Exchange continues to advance. Recently, Shandong Nongda Fertilizer Technology Co., Ltd. (referred to as "Nongda Technology") disclosed a public offering of shares to unspecified qualified investors and listed on the Beijing Stock Exchange. The 16 million shares of the company's public offering will be listed on the Beijing Stock Exchange on January 28, 2026, which is also the fourth new stock introduced by the Beijing Stock Exchange in 2026. The company's stock is abbreviated as "Nongda Technology", with an issuance price of 25.00 yuan per share and an issuance price to earnings ratio of 13.40 times. It is reported that Agricultural University Technology will adopt a combination of strategic allocation and online issuance for this issuance. The final strategic allocation issuance quantity is 1.6 million shares, accounting for 10.00% of the total issuance quantity; The number of shares issued online is 14.4 million, with approximately 37.194 billion shares effectively subscribed online. The online allocation ratio is 0.0387163593%. The total amount of funds raised by the company this time is 400 million yuan, and the net amount of funds raised is 358 million yuan. Since entering 2026, the Beijing Stock Exchange has experienced steady and high-quality expansion, with three new stocks successfully issued at the beginning of the year and outstanding market performance on that day. On January 16th, Koma Materials from Zhejiang officially landed on the Beijing Stock Exchange, becoming the first stock of the exchange in 2026. Public information shows that the company's main products are dry clutch friction plates and wet paper-based friction plates, with customers including domestic and foreign clutch manufacturers. After more than 20 years of development, the company has grown into a provincial-level hidden champion and a national level specialized and innovative "little giant" enterprise. On the first day of listing, Koma Materials' stock price performed strongly, soaring 585% during trading and closing at 54.95 yuan/share, up 371.27% from the issue price. Aishelun from Jiangsu was officially listed on the Beijing Stock Exchange on January 21st. The company focuses on the medical and health field, with core products including disposable medical consumables such as medical nursing pads and surgical drapes. It provides products to internationally renowned medical device brands through ODM/OEM models. Aiselen's products are mainly exported, with a sales network covering multiple regions such as North America and Europe. During the reporting period, overseas sales revenue accounted for over 90% of the main business revenue. On January 21st, Aishelun rose 175.59% on its first day of trading, closing at 44.04 yuan per share. On January 22nd, Guoliang New Materials, also a national level specialized and innovative "little giant" enterprise, was officially listed. Guoliang New Materials is deeply involved in the field of refractory materials, known as the "armor" of high-temperature industry. Relying on Tangshan, an important steel production base in China, the company has gradually established a leading market position in the industry. As of now, it has provided services to more than 30 large steel enterprises in China. Refractory bricks are a relatively traditional field, but Guoliang New Materials strengthens its innovation drive and continues to solidify its development foundation through high-intensity research and development investment. On the first day of listing, Guoliang New Materials closed at 28.06 yuan/share, with a rise of 160.78%. The outstanding market performance that ignited the listing of new stocks has continued to attract investors to participate in the listing of new stocks on the Beijing Stock Exchange. At the beginning of the year, three new stocks had frozen funds of over 800 billion yuan online, and the allocation ratio for new stocks was as low as 0.02% to 0.03%. Specifically, Koma Materials has frozen funds of 855.765 billion yuan, with a winning rate of 0.026%; Aishelun's frozen funds reached 878.921 billion yuan, with a winning rate of 0.028%; Guoliang New Materials has frozen capital of 828.077 billion yuan, with a winning rate as low as 0.021%. With the increasing popularity of new listings, the frozen funds for new stock subscriptions on the Beijing Stock Exchange have exceeded 1 trillion yuan for the first time. Recently, the issuance results disclosed by Meide Le showed that the stock attracted 592500 households to participate in new listings, with an effective subscription quantity of 25.283 billion shares. Ultimately, 61000 households were allocated, with an online lottery rate of 0.057% and frozen funds of approximately 1.06 trillion yuan. The amount of frozen funds for the new stock subscription of Meide Le has reached a new high since the opening of the Beijing Stock Exchange. On January 21st, the IPO results of Agricultural University of Science and Technology on the Beijing Stock Exchange showed that 545900 investors had applied for new shares, with an effective subscription quantity of 37.194 billion shares and frozen funds of about 929.839 billion yuan, also close to the trillion yuan mark. Industry insiders believe that with the improvement of audit efficiency and the improvement of market ecology, the Beijing Stock Exchange is accelerating to become the core channel for physical innovative enterprises to connect with the capital market. Last week (January 19th to January 23rd), the Shanghai Municipal Committee of the Beijing Stock Exchange held three review meetings, and all three companies, Bairui Ji, Mifu Technology, and Toptek, successfully passed the meetings. From the perspective of existing companies, in recent years, the Beijing Stock Exchange market has welcomed a group of high-quality enterprises with fast performance growth and outstanding strategic emerging attributes, injecting strong momentum into the market. According to Wind statistics, as of January 26th, a total of 10 companies on the Beijing Stock Exchange have disclosed their performance forecasts for 2025. Among them, 6 companies are optimistic, while 5 companies, including Hainan Energy Technology, Jilin Carbon Valley, Wangcheng Technology, Lintai New Materials, and Longzhu Technology, have seen significant growth in performance, with a minimum expected increase of about 50%. When it comes to the future potential of the Beijing Stock Exchange market, Fangzheng Securities stated that the current PE (TTM, excluding negative values) of the Beijing Stock Exchange 50 Index is about 48.48 times, and the spring market has reached the second stage. It is recommended to pay attention to companies that have exceeded expectations or have marginal changes in performance, hard technology, and sectors with sustained industry trends but relatively backward growth this year, such as lithium batteries, humanoid robots, innovative drugs, etc. Open Source Securities stated that as a sector with a concentration of specialized, refined, and new "little giant" enterprises, the opportunities of the Beijing Stock Exchange are still worth looking forward to, especially for potential enterprises involved in some sub sectors such as artificial intelligence, solid-state batteries, commercial aerospace, and robotics. After two years of continuous rise, the overall valuation center of the Beijing Stock Exchange has shifted upward, and the requirements for the sustainability of performance have become more stringent. Recently, a group of high-quality companies have been listed on the Beijing Stock Exchange, but some of the newly listed stocks have low attention and insufficient research, presenting significant potential opportunities. (New Society)