IPO受理现小高峰 未盈利企业加速拥抱资本市场

Core Insights - The number of IPO applications received in June reached a record high for the year, with 150 companies applying, driven by periodic financial data updates and an improving regulatory framework under the registration system [1][2][3] Group 1: IPO Application Trends - A total of 177 companies' IPO applications were accepted in the first half of the year, a significant increase from 29 in the same period last year, with June alone accounting for over 85% of the total [2][4] - The last few days of June saw a surge in applications, with 41 new IPOs accepted on June 30, including 32 by the Beijing Stock Exchange [2][7] - The increase in IPO applications is linked to the financial reporting cycle, as companies must submit applications within six months of their financial report's validity [3][4] Group 2: Industry Distribution and Market Sentiment - Manufacturing companies dominate the IPO applications, particularly in sectors like computer, communication, and electronic equipment manufacturing [4] - The number of IPO withdrawals has decreased significantly, with only 66 withdrawals reported by June 30, compared to last year's higher figures, indicating improved market confidence among quality companies [4][6] Group 3: Support for Unprofitable Companies - The acceptance of IPO applications from unprofitable companies has increased, with four such companies applying in June, primarily in the semiconductor sector [5][6] - Notable examples include DaPuWei, which reported projected revenues of approximately 5.57 billion yuan in 2022 but incurred losses, and Zhaoxin Integrated, which focuses on high-end processors [5] Group 4: Future Outlook - The A-share market is expected to see a steady increase in IPO numbers in 2025, particularly from companies in key manufacturing and strategic emerging industries like semiconductors and new energy [8]