IPO周报：新增受理3单上市申请，天星医疗终止审核

Core Points - The article discusses the recent developments in IPO applications on the Shanghai and Shenzhen stock exchanges, highlighting the acceptance of new applications, approvals, and registrations [1][2][3]. Group 1: IPO Applications - During the week of June 3 to June 8, three new IPO applications were accepted, with one company approved, two submitted for registration, one registered, and one terminated [1]. - The accepted IPO applications include two from the Shanghai Stock Exchange: Chongqing Zhixin Industrial Co., Ltd. and Yisiwei (Hangzhou) Technology Co., Ltd., and one from the Beijing Stock Exchange: Guangxi Senhe High-tech Co., Ltd. [1][3]. - Jiangyin Huaxin Precision Technology Co., Ltd. was approved for its IPO after more than two years of review [1]. Group 2: Company Specifics - Yisiwei focuses on the research, production, and sales of machine vision equipment for the automotive industry, with a significant portion of its revenue tied to accounts receivable and contract assets [3]. - Zhixin's main business involves the development and production of automotive welding parts, with a high concentration of sales to its top five customers, which poses risks if their financial conditions deteriorate [4]. - Senhe High-tech specializes in the research and production of environmentally friendly precious metal mining agents, facing risks due to reliance on a single product [5]. Group 3: Termination of Review - Beijing Tianxing Medical Co., Ltd.'s IPO application was terminated after concerns arose regarding its fundraising exceeding total assets, leading to a reduction in its fundraising target [2][6]. - The company initially aimed to raise 1.093 billion yuan, while its total assets were only 382 million yuan, raising questions about the feasibility of its fundraising [6]. Group 4: Financial Performance - Tianxing Medical's revenue from its main business has shown growth, with significant contributions from implantable devices, but it faces risks related to fluctuating gross margins due to market conditions [7]. - The company's gross margin has varied over the reporting periods, indicating potential challenges in maintaining profitability amidst competitive pressures [7].