2月2日-2月6日周报

Group 1 - This week, two IPO projects were registered, one on the ChiNext and one on the main board. Since 2026, a total of 13 projects have been registered, including 5 on the main board, 5 on ChiNext, and 3 on the Sci-Tech Innovation Board [1] - The Beijing Stock Exchange had one project registered this week, with a total of 10 projects registered since 2026. The number of IPO approvals has returned to two per week due to the annual report update phase, slowing the pace of submissions on the Shanghai and Shenzhen exchanges [2] - No new projects were accepted this week [3] Group 2 - Three projects were approved this week for the upcoming meeting. Next week, Longxin Intelligent, Jiachen Intelligent, and Zhenhong Co., Ltd. will present at the Beijing Stock Exchange. Longxin Intelligent focuses on the development, production, and sales of micro-nano high-end composite material preparation equipment, with a projected net profit of 107 million yuan in 2025 [4] - Jiachen Intelligent specializes in the research, production, and sales of electrical control system products and overall solutions, with a projected net profit of 66.35 million yuan in 2025 [5] - Zhenhong Co., Ltd. is engaged in the research, production, and sales of forged wind power main shafts and other large metal forgings, with a projected net profit of 139 million yuan in 2025 [6] Group 3 - As of the end of January, there are 414 IPO projects under review on the Hong Kong Stock Exchange, surpassing the total of the three mainland exchanges. The demand for recruitment in mainland investment banks and law firms is concentrated on Hong Kong stock business, but the IPO market in Hong Kong may see a turning point this year [9] - In January, the sales of the top 100 real estate developers decreased by 18.9% year-on-year, continuing a downward trend. The absolute sales figure for January 2021 was 870.5 billion yuan, which has decreased to 190.5 billion yuan this year, a cumulative reduction of 78% [9]