北交所IPO审核恢复单周三审节奏，信胜科技成年内首家被暂缓审议企业

Group 1 - The Beijing Stock Exchange (BSE) has approved the IPO of China Academy of Sciences Shenyang Instrument Co., Ltd. (Zhongke Instrument), while Zhejiang Xingsheng Technology Co., Ltd. (Xingsheng Technology) has been the first company this year to have its IPO review postponed [1] - Zhongke Instrument, established in 1958, specializes in dry vacuum pumps and vacuum scientific instruments, and is recognized as a national "little giant" enterprise with significant R&D capabilities [2] - The company has shown strong revenue growth, with a compound annual growth rate (CAGR) of 25% from 2022 to 2025, and expects revenue growth of 15% to 18% in 2025 [3] Group 2 - Xingsheng Technology, focused on computer embroidery machines, has seen its revenue primarily driven by its two main products, contributing approximately 90% of its total revenue [4] - The company has reported increasing revenue from 6.00 billion to 10.30 billion from 2022 to 2025, with projected revenue growth of 31% to 50% in 2025 [4] - Concerns regarding the sustainability of overseas sales and the rationality of fundraising projects have been raised during the review process for Xingsheng Technology [5][6] Group 3 - Xingsheng Technology's sales are heavily reliant on overseas markets, particularly India and Pakistan, with about 70% of its products sold in these regions [6] - The company plans to raise 4.49 billion for its IPO, with 500 million allocated for working capital, which has prompted inquiries about the necessity of this funding [6][7] - The review committee has requested additional disclosures regarding the management of raised funds and measures to prevent conflicts of interest, as well as verification of the authenticity of sales revenue [7]