Tianjin Fujishida Soars 134% on Debut, Market Value Reaches RMB 16.9 Billion
Tianjin Fujishida (603468. SH) surged 134.19% to close at RMB 40.89 per share on its first trading day, giving it a market value of RMB 16.9 billion. Investors holding one lot gained RMB 11,000 over the IPO price of RMB 17.46. The bicycle maker reported 2025 revenue of RMB 5.061 billion and net profit of RMB 382 million.
On August 6, newly listed Tianjin Fujishida (603468. SH) rose 134.19% during trading, closing at RMB 40.89 per share, with a total market value reaching RMB 16.9 billion. Based on the company's issue price of RMB 17.46 per share, the floating profit for one lot (1,000 shares) was RMB 11,000.
The company is primarily engaged in the research, development, design, production, and sale of bicycles, electric-assist bicycles, shared bikes, and their key components. As of the end of 2025, the company's total annual production capacity for completed vehicles was approximately 7 million units, with manufacturing bases located in Tianjin, Changzhou (Jiangsu), Vietnam, and Cambodia. Its major clients include global bicycle brand operators such as Specialized, Lectric, Pon, Decathlon, Samchuly, MFC, Scott, Cycleurope, and Panasonic, as well as domestic shared-bike operators such as Hello, Qingju, and Meituan. Additionally, the company owns proprietary brands including BATTLE and Bond Fujishida, which are sold in the domestic market.
Financial data shows that in 2023, 2024, and 2025, the company generated operating revenue of RMB 3.621 billion, RMB 4.880 billion, and RMB 5.061 billion, respectively, with net profits of RMB 285 million, RMB 408 million, and RMB 382 million.