振宏股份迎考！春节前A股将审核23宗IPO，北交所占比近七成

Core Viewpoint - The IPO review process at the Beijing Stock Exchange (北交所) is accelerating, with a significant increase in the number of companies being reviewed and approved for listing, indicating a shift in the capital market's focus towards supporting innovative and specialized enterprises [1][4]. Group 1: IPO Review Acceleration - In the last week before the Spring Festival, three companies, Longxin Intelligent, Jiachen Intelligent, and Zhenhong Co., were scheduled for IPO reviews, with Longxin and Jiachen successfully passing [1][3]. - As of February 12, 2026, out of 22 IPO projects reviewed this year, 20 were approved, resulting in a pass rate of 90.91% [1][4]. - The number of IPO reviews at the Beijing Stock Exchange has reached 16, accounting for nearly 70% of the total 23 IPO reviews across the three major exchanges [1][5]. Group 2: Company Specifics - Zhenhong Co. focuses on the research, production, and sales of forged wind power main shafts and other large metal forgings, aiming to raise approximately 451 million yuan through its IPO [3]. - Longxin Intelligent and Jiachen Intelligent are involved in specialized equipment manufacturing and intelligent control systems, respectively, highlighting the focus on high-tech and specialized sectors [2][3]. Group 3: Market Trends and Implications - The increase in IPO reviews and approvals reflects a clear positioning of the Beijing Stock Exchange as a platform for innovative small and medium-sized enterprises, aligning with national policies to support "hard technology" and specialized new enterprises [4][9]. - The overall efficiency of the IPO process has improved, with companies moving from approval to registration more swiftly, indicating a positive trend in capital market operations [8][9].