年内近百宗IPO折戟！北交所撤单数量居首，24宗由天健审计

Core Points - Zhuzhou Keno New Materials Co., Ltd. has terminated its IPO application after over two years of waiting, marking a significant event in the current IPO landscape in China [1][3] - A total of 98 companies have withdrawn their IPO applications this year, with the Beijing Stock Exchange leading with 37 withdrawals [1][4] - The audit firm Tianjian has the highest number of terminated IPO projects, accounting for 24 out of the 98 [1][8] Company Summary - Zhuzhou Keno focuses on the development and industrialization of III-V group chemical element purification technology, primarily dealing with high-purity materials such as gallium, indium, bismuth, and tellurium [3] - The company aimed to raise approximately 588 million yuan for projects including the production of 500 tons of semiconductor high-purity materials and the establishment of an advanced materials research center [3] - The company's revenue for 2022, 2023, and projected for 2024 is approximately 679 million yuan, 609 million yuan, and 787 million yuan respectively, with net profits of about 50.9 million yuan, 42.9 million yuan, and 70.8 million yuan [3] Industry Summary - The regulatory environment has tightened, leading to a decrease in the number of IPO withdrawals compared to over 400 last year, indicating that companies are more cautious before applying for IPOs [5] - The China Securities Regulatory Commission (CSRC) has implemented stricter regulations, including a higher random inspection rate for IPO applications, which may contribute to improved quality of companies entering the market [4][5] - Multiple companies, including Destai and Boshan, have attempted to go public several times without success, suggesting potential internal issues or a lack of readiness for the IPO process [6][7]