A-share subscription | Xinsheng Technology (920093.BJ) opens subscription to further cultivate the field of computer embroidery machines

The Zhitong Finance App learned that on August 12, Xinsheng Technology (920093.BJ) began the subscription. The issuance price was 14.35 yuan/share, and the subscription limit was 1.26 million shares, with a price-earnings ratio of 9.2 times. It belongs to the Beijing Stock Exchange, and Guoxin Securities is its sponsor.

According to the prospectus, Xinsheng Technology specializes in the R&D, production and sales of computer embroidery machines. It is the second batch of specialized and innovative “little giant” enterprises of the Ministry of Industry and Information Technology and the first batch of “little giant” enterprises with national specialization and new focus. As a leading enterprise in the computer embroidery machine industry in China, the company's products cover all major models of computer embroidery machines, with many specifications and models, and various additional devices can be added to achieve various types of embroidery processes.

According to the “2025-2026 China Sewing Machinery Industry Development Report”, in 2025, sewing machinery manufacturers above the scale of China achieved operating income of 34.543 billion yuan, with a total profit of 2,266 billion yuan, of which the embroidery machine industry achieved revenue of about 10 billion yuan. In 2025, China exported 28.473 billion yuan of sewing machinery and equipment (industry data measured in foreign currency converted to RMB according to the average exchange rate for each year, same below), an increase of 16.77% over the previous year. Among them, embroidery machines accounted for 25.37% of China's sewing machinery and equipment exports, and the export value of embroidery machines increased 48.57% year on year.

According to statistics from the China Sewing Machinery Association, in 2024, the annual revenue of China's computer embroidery machine industry is about 7.5 billion yuan, the total annual output of computer embroidery machines is about 73,000 units (including refurbished machines), and the total number of embroidery heads exceeds 1.4 million.

Sewing machinery is mainly used in downstream industries such as textiles, clothing, shoes and hats, and home textiles. Related industries occupy an important position in China's national economy, providing a broad space for the development of the sewing machinery industry. According to data from the National Bureau of Statistics, the turnover of China's textile, clothing, footwear and hat markets increased from 1,779.7 billion yuan to 1,603.5 billion yuan in 2011-2024, with a compound annual growth rate of 3.09%.

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 704 million yuan, 1,030 million yuan, and 1,483 million yuan respectively; in the same period, it recorded net profit of about 608.149 million yuan, 127 million yuan, and 238 million yuan, respectively.