N Jieli Surges 182.4% on Beijing Stock Exchange Debut, Closing at RMB 53.26
N Jieli (920138) made its Beijing Stock Exchange debut on August 12, 2026, closing up 182.4% at RMB 53.26, after opening 181.02% higher. Turnover reached RMB 1.57 billion on 28.54 million shares, with a turnover rate of 82.44%. The SoC design firm, which posted net profits of RMB 623 million, RMB 791 million, and RMB 596 million for 2023-2025, priced its 33 million-share offering at RMB 18.86, a 14.99 times P/E. Strategic placement accounted for 10% of the offering. Online allocation ratio was 0.04%. Recent BSE debuts have varied widely, with gains from 66.24% to 800.67%.
N Jieli (920138) listed on the Beijing Stock Exchange on August 12, 2026, opening up 181.02% and closing up 182.40%. Full-day volume reached 28.54 million shares, with turnover of RMB 1.57 billion and a turnover rate of 82.44%.
The company is an integrated circuit design firm specializing in system-on-chip (SoC) solutions, primarily serving Bluetooth audio/video, smart wearables, and intelligent IoT terminals. Its net profits for 2023, 2024, and 2025 were RMB 623 million, RMB 791 million, and RMB 596 million, respectively.
The public offering comprised 33.00 million shares at an issue price of RMB 18.86, with a price-to-earnings ratio of 14.99 times. Strategic placement shares totaled 3.30 million, representing 10% of the initial offering size. Online effective subscription volume reached 74.57 billion shares, with an effective subscription multiple of 2,510.68 times, 677,500 valid subscription accounts, and an online allocation ratio of 0.04%.
Recent Beijing Stock Exchange listings have shown wide first-day gains. For example, Jiakai Shengwu rose 138.53%, Senhe Gaoke gained 66.24%, Juren Xincai advanced 250.89%, and Xinrui Dianzi surged 800.67%. These figures are based on closing prices on the first trading day, reflecting the market performance of new listings.