北交所年终IPO周报：北交所下周再审三企，族兴新材三度闯关引关注

Group 1 - The Beijing Stock Exchange (BSE) is gaining attention as it focuses on serving innovative small and medium-sized enterprises, with three companies scheduled for listing review next week [1][3] - The three companies, Zuxing New Materials, Mirui Technology, and Jintai Co., are from the fields of new materials, smart IoT, and high-end titanium materials, collectively aiming to raise over 900 million yuan [1][3] - Zuxing New Materials is attempting its IPO for the third time, having previously failed in 2016 and 2020, and aims to raise 208 million yuan [3][8] Group 2 - Mirui Technology specializes in smart network cameras and IoT video products, with a fundraising target of 314 million yuan [3][8] - Jintai Co. focuses on the research, production, and sales of sponge titanium products, aiming to raise 405 million yuan for a project related to high-end aerospace sponge titanium [3][8] - The BSE has become a major player in the A-share IPO market, with 183 companies under review, accounting for 60% of the total [5][6] Group 3 - The average waiting time for companies from acceptance to listing on the BSE has been increasing, with median times of 218 days in 2022, 280 days in 2023, and projected 306 days in 2024 [7] - The quality of companies applying for IPOs on the BSE has improved, with an average revenue of 738 million yuan and an average net profit of 95.06 million yuan for companies under review [8] - As of September 2, 2025, the BSE has 274 listed companies with a total market value exceeding 922 billion yuan, with over half being specialized "little giant" enterprises [11][13]