On October 19, Crown New Material Technology Co., Ltd. (hereinafter referred to as Crown New Material, subscription code: 001381) initiated its subscription process on the main board of the Shenzhen Stock Exchange. The issue price is set at RMB 16.98 per share, boasting a price-to-earnings ratio of 25.87 times. Crown New Material is primarily dedicated to the research and development, production, and sales of functional composite materials. These encompass industrial-grade and electronic-grade adhesive materials, as well as functional film materials. Its product portfolio finds extensive applications across various sectors, including consumer electronics, new energy vehicles, semiconductors, and home appliances. The company boasts a clientele that includes renowned enterprises such as Tesla, CATL, Apple, and Huawei. Notably, Crown New Material is recognized as a national-level 'Little Giant' enterprise, celebrated for its specialization, refinement, uniqueness, and innovation, and it possesses a multitude of core technologies.