国投证券IPO撤否率近四成！多位保荐人受罚

Group 1 - The core viewpoint of the articles highlights the challenges faced by Guotou Securities in the IPO market, with a high withdrawal rate despite a favorable approval rate for IPOs this year [1][2] - Guotou Securities has sponsored 19 IPO companies in the first 11 months of this year, with 7 companies voluntarily withdrawing their applications, resulting in a withdrawal rate of 36.84% [1] - The number of companies withdrawing or terminating their IPO applications has significantly decreased compared to last year, with approximately 100 companies withdrawing this year compared to over 400 last year [1] Group 2 - Guotou Securities' major projects that were withdrawn include companies like Hongxing Technology and Desitai New Materials, some of which have attempted to go public multiple times without success [1] - Regulatory measures have been implemented, with the Shanghai Stock Exchange issuing warnings to Guotou Securities and two of its representatives due to compliance issues [2] - Guotou Securities reported a revenue of 57.98 billion yuan in the first half of the year, a year-on-year increase of 5.77%, while its investment banking business saw a decline in revenue by 15.99% to 2.82 billion yuan [3]