News summary

Over the past nine monthsmojoslotA total of 70 IPO projects have been registered and effective, and the number of queues on the Shanghai and Shenzhen stock exchanges has shrunk, but the digestion cycle is still long. A few companies such as Lianyun Technology are about to attend the meeting. Many projects have been withdrawn for review due to various reasons. The market is concerned about the true situation of projects under review in the future.

Newsletter text

[The effect of the 827 New Deal has shown, and the pace of A-share IPOs has slowed down significantly]

Submitted since August 27mojoslotThe IPO and refinancing rhythm control policy has entered its 36th week. During this period, a total of 70 projects have been successfully registered and effective, including the main board, science and technology innovation board and GEM.

During this period, no new projects have been registered and effective on the Beijing Stock Exchange. As of now, a total of 28 projects have been registered and effective on the Beijing Stock Exchange, reflecting that the registration progress has lagged behind that of the main board and the GEM.

Under the dual impact of a significant reduction in the number of pending items and a significant reduction in the number of accepted cases, the number of queues continued to decrease. Despite this, the digestion cycle is still long.

Based on December 31, 2023, the number of queues in each sector has decreased at present, but the digestion cycle is expected to be around 54 months and still needs to be shortened.

Although 355 of the 419 queuing companies are currently in a state of suspension of review, the number of remaining normal projects under review is limited. It is expected that by the end of June, there will be a number of cases of centralized withdrawals due to the expiration of the suspension time.

There were no new projects accepted this week. The peak of IPO applications occurred from May to June in previous years, but the situation has changed this year. Investors are cautious about the number of projects accepted on the 1231 benchmark day.

In the important meeting, there was no project meeting this week, and Lianyun Technology is expected to become the focus next week.

Relying on its advantages in the field of chip design, Lianyun Technology has achieved continuous revenue growth since 2019 and turned a profit in 2023.

This week, a total of 10 projects were terminated for review, an increase from last week.

Factors such as the sluggish industry, substandard performance growth and high customer concentration have all become possible reasons for companies to withdraw their IPO applications.

Overall, since the implementation of the 827 New Deal, the total number of IPO project withdrawals has reached 222, reflecting the market's response to the adjustment of IPO rhythm and regulatory policies.