Subscription Strategy Today, 1 new stock was listed for purchase. Recently, the general market trend has been extremely weak. Even at a new low, the IPO market has been impacted, and there have been many breakouts. The cancellation of the institutional sell-off period has gradually brought the IPO market back to rationality. In terms of overall strategy, investors are advised to be cautious and choose individual stocks with outstanding fundamentals, performance support, or reasonable issuance pricing. The total capital raised in this round of online IPO is about 300 million yuan. It is estimated that the online subscription capital will remain at around 110 billion yuan. The overall winning rate for online subscriptions is expected to be 0.27%, and the capital required for top tier purchases is about 300,000 yuan. According to comprehensive analysis, we believe that the fundamentals of today's IPO are fair, but the issue price is slightly higher, so it is recommended to be careful when purchasing Shuangcheng Pharmaceutical (002693).