随着2025年A股IPO审核工作正式收官，为一家代码：（08736.HK）

Group 1 - The core viewpoint of the news highlights the successful completion of the A-share IPO review process for 2025, with a total of 113 companies reviewed and an overall approval rate of 97.35%, reflecting a significant improvement in the quality of applications and regulatory standards [1] - The main board and the ChiNext board showed robust performance, with both the Shanghai main board (19 companies), Shenzhen main board (10 companies), and ChiNext (14 companies) achieving a 100% approval rate, indicating precise support for mature and innovative enterprises [1] - The Beijing Stock Exchange emerged as a key platform for reviewing innovative small and medium-sized enterprises, with 51 companies reviewed and a 96% approval rate, showcasing the continuous release of market vitality [1] Group 2 - The leading underwriting institutions demonstrated a significant "winner-takes-all" effect, with Guotai Junan leading with 16 approved projects, followed by CITIC Securities (12) and CITIC Jianzhong Securities (11), solidifying their positions in the top tier [3] - The distribution of industries indicates a marked improvement in the capital market's service to the real economy, with a concentration of resources in high-tech manufacturing. The computer, communication, and other electronic equipment manufacturing sectors led with 20 companies reviewed, followed by specialized equipment manufacturing (17 companies) [4] - The automotive manufacturing and electrical machinery sectors each had 10 companies reviewed, clearly outlining the financing dominance of "hard technology" and high-end manufacturing, providing strong support for cultivating new productive forces [4]