--- title: "A-share subscription | ZERUN New Energy opens subscription, focusing on the photovoltaic module junction box market" type: "News" locale: "en" url: "https://longbridge.com/en/news/237725163.md" description: "ZERUN began subscription on April 28, with an issue price of 33.06 yuan per share, a subscription limit of 4,500 shares, and a price-to-earnings ratio of 17.57 times. It is listed on the Shenzhen Stock Exchange's ChiNext, with Shenwan Hongyuan Securities as the sponsor. The company focuses on the photovoltaic module junction box market and is committed to providing safe, reliable, and efficient products, with clients including several well-known photovoltaic module manufacturers. The raised funds will be used for projects related to the main business" datetime: "2025-04-27T22:34:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/237725163.md) - [en](https://longbridge.com/en/news/237725163.md) - [zh-HK](https://longbridge.com/zh-HK/news/237725163.md) --- # A-share subscription | ZERUN New Energy opens subscription, focusing on the photovoltaic module junction box market According to Zhitong Finance APP, on April 28, ZERUN (301636.SZ) opened for subscription, with an issue price of 33.06 yuan per share, a subscription limit of 4,500 shares, and a price-to-earnings ratio of 17.57 times. It is listed on the Shenzhen Stock Exchange's ChiNext, with Shenwan Hongyuan Securities as its sponsor. According to the prospectus, ZERUN is a high-tech enterprise focused on the fields of new energy electrical connections, protection, and intelligent technology, providing integrated solutions for photovoltaic module junction box products, and is recognized as a national-level specialized and innovative "little giant" enterprise. Since its establishment, the company has closely followed the technological development route of global solar photovoltaic modules, continuously innovating and developing products to provide safe, reliable, efficient, and intelligent series products of photovoltaic module junction boxes for downstream industries and customers. The company's current core product is the photovoltaic module junction box. The photovoltaic module junction box is one of the core components of photovoltaic modules and photovoltaic power systems, and is an essential supporting product in solar photovoltaic power generation systems. In the industry, the photovoltaic module junction box is a necessary component for connection and protection in photovoltaic power generation systems. With the booming development of the photovoltaic industry, the photovoltaic module junction box industry is also welcoming development opportunities, showing a trend of gradually increasing localization rate. In addition to meeting the domestic photovoltaic power station installation demand, photovoltaic module junction box products are also widely exported to Europe, America, and other emerging markets, with a steady increase in export volume. ZERUN's downstream customers are mainly well-known photovoltaic module manufacturers both domestically and internationally, including Customer A, Maxeon, Customer B, Customer C, Sonnenkraft, TCL Zhonghuan, Canadian Solar, GCL-Poly, Yicheng Photovoltaic, Zhengxin Photovoltaic, Runyang Co., Ltd., Seraphim, Daheng Energy, Haitai New Energy, and Zhongqing Photovoltaic. The funds raised this time, after deducting issuance costs, are intended to be used entirely for projects related to the company's main business: ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250428/1745792610762834.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) In terms of finance, for the fiscal years 2021, 2022, 2023, and the first half of 2024, the company achieved operating revenues of approximately 297 million yuan, 522 million yuan, 844 million yuan, and 420 million yuan, respectively; the company's net profits were approximately 37.78 million yuan, 86.39 million yuan, 120 million yuan, and 75.34 million yuan. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250428/1745792412909662.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250428/1745792421947806.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ### Related Stocks - [301636.CN](https://longbridge.com/en/quote/301636.CN.md) - [000591.CN](https://longbridge.com/en/quote/000591.CN.md) - [688472.CN](https://longbridge.com/en/quote/688472.CN.md) - [159863.CN](https://longbridge.com/en/quote/159863.CN.md) - [600537.CN](https://longbridge.com/en/quote/600537.CN.md) - [002506.CN](https://longbridge.com/en/quote/002506.CN.md) ## Related News & Research - [Nio to showcase ES9 chassis capabilities via live broadcast ahead of Q1 earnings release](https://longbridge.com/en/news/287022748.md) - [Fang Cheng Bao SUV delivery delays highlight BYD's manufacturing pressure amid tech transition](https://longbridge.com/en/news/286999045.md) - [INSTANT VIEW-SpaceX files long awaited IPO, creating a fresh AI play](https://longbridge.com/en/news/287124128.md) - [Why Is Oklo Stock Surging On Wednesday?](https://longbridge.com/en/news/287096677.md) - [Micron's stock gets a boost. 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