Investment Overview Subscription Strategy: Five new shares will be purchased today. The latest batch of frozen funds for online subscriptions is about 276 billion yuan. Due to the recent collapse of all new shares since Huarui Wind Power went public, opening a new market is less attractive to capital, so it is expected that the amount of online subscription capital will remain around 280 billion yuan. At the same time, considering the conflict between this round of subscription and the IPO on January 25, there will be some diversion of capital. Therefore, we believe that the capital involved in this round of subscription is about 150 billion yuan. The total capital raised in this round of online IPO was 2.05 billion yuan. The overall winning rate for online purchases is estimated to be 1.37%, and the capital required for Dingge subscription is about 2,0441,74 million yuan. Taking into account factors such as the fundamentals of this round of new shares, issue prices, subscription preferences, and subscription limits, etc., we believe investors can choose to purchase shares in the order of Sifangda, Tempang International, China Haida, Hongte Precision, and Langyuan shares.