Zhong Guo Jing Ji Wang·2026-01-03 06:34Core Viewpoint - The Shenzhen Stock Exchange has decided to terminate the review of Xinjing Group's application for an initial public offering (IPO) and listing on the main board after the company submitted a request to withdraw its application [1][2]. Company Overview - Xinjing Group is a large building materials enterprise that integrates design, research and development, production, sales, and service of architectural ceramics, with products widely used in building space decoration [2]. IPO Details - Xinjing Group originally planned to issue no more than 414,026,666 shares and raise approximately 2,008.87 million yuan for various projects, including: - Phase II technical transformation project of new energy-saving and environmentally friendly board materials (31.26% of funds) - Technical transformation project of Hubei Xinjing Green Building Materials production line No. 1 (13.77% of funds) - Construction of a ceramic technology and materials research center (5.42% of funds) - Brand upgrade construction project (19.40% of funds) - Smart platform construction project (7.25% of funds) - Supplementing working capital (22.90% of funds) [2][3]. Sponsorship Information - The sponsor for Xinjing Group's IPO was Shenwan Hongyuan Securities Co., Ltd., with representatives Sheng Peifeng and Wu Longtai [3].