I think Hongsheng Huayuan is worth applying for. As far as I know, to evaluate the subscription value of Hongsheng Huayuan, we can consider:

1. Fundamentals: the company's profitability and competitive advantage.

2. Valuation: Compare the valuation level of other companies in the same industry.

3. Capital: Pay attention to the capital inflow and outflow of the company.

4. Technical side: analyze the company's stock price trend.

5. Market sentiment: the market's evaluation and expectation of the company.

6. Policy: the policy environment of the company's industry and region.