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two years of waiting, marking a significant event in the current IPO landscape [1][3] - A total of 98 companies have withdrawn their IPO applications this year, with the Beijing Stock Exchange having the highest number of withdrawals at 37 [1][4] - The audit firm Tianjian has the highest number of terminated IPO projects, accounting for 24 out of the 98 [1][8] Company Overview - Zhuzhou Keno focuses on the development and industrialization of purification technology for III-V group chemical elements, primarily dealing with the research, production, and sales of high-purity metals and their oxides [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] IPO Process and Statistics - Zhuzhou Keno's IPO was accepted on June 21, 2023, and entered the inquiry stage on July 17, 2023, but did not progress to the meeting stage [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] Regulatory Environment - The China Securities Regulatory Commission (CSRC) has implemented stricter regulations, emphasizing accountability for companies during the IPO process, which has led to a decrease in the number of terminated IPOs compared to previous years [5][4] - The new regulations include a higher random inspection rate for IPO applications, increasing from 5% to 20% [4] Industry Trends - The trend of companies withdrawing their IPO applications may indicate that firms are better prepared before entering the listing process, potentially improving the overall quality of listed companies [5] - Several companies, including Destai and Boshan, have attempted to list multiple times without success, suggesting underlying issues within these firms that have not been resolved [6][7]