Core Viewpoint - The article highlights the significant increase in IPO activities in A-shares during the first half of 2025, driven by the resumption of listing standards for unprofitable companies, particularly benefiting technology innovation enterprises [1]. Group 1: IPO Data Overview - In the first half of 2025, a total of 177 companies were newly accepted for IPO applications across the Shanghai, Shenzhen, and Beijing stock exchanges, surpassing the total number for the entire previous year [1]. - June alone accounted for over 80% of the IPOs in the first half, with 150 new applications [1]. Group 2: Practical Guide for Companies - The "Domestic IPO Practical Manual (Company Perspective)" consists of 254 pages and 123,000 words, divided into four main sections: preparation before listing, listing norms, key points for corporate restructuring, and other important matters [4]. - The first section includes six chapters that cover essential tasks, participants, listing conditions, and overall processes, as well as how to select intermediary institutions and assess the likelihood of listing [7][8]. Group 3: Listing Norms and Procedures - The second section introduces a "Five-Step Method" for listing, which includes adjustments to equity structure, organizational structure, business process refinement, IPO financial norms, and ERP implementation and maintenance [19]. - The manual provides case studies to clarify specific operational strategies and frameworks for companies preparing for IPO [20]. Group 4: Corporate Restructuring Insights - The third section focuses on important timelines for IPOs, considerations for corporate restructuring, and strategies to reduce listing costs, with a significant emphasis on practical guidance for corporate restructuring [24][25]. - It discusses how to choose a restructuring benchmark date and the rationale behind avoiding certain dates, providing detailed explanations from a corporate perspective [26][28]. Group 5: Capital Operations and Departmental Coordination - The fourth section elaborates on other capital operations during the IPO process, departmental work arrangements, and case studies of IPO reviews in key industries [31]. - It includes insights on engaging investors, mergers and acquisitions, and equity incentives, along with how various departments such as finance, sales, and R&D can effectively coordinate for the IPO [33][35].

Core Viewpoint - The article highlights the accelerated pace of IPO approvals in the A-share market, with a 100% approval rate for 21 companies as of May 2023, and a significant increase in net profit for these companies compared to the previous year [1]. Group 1: IPO Trends - As of May 2023, 21 companies have successfully passed the IPO approval process, marking a 100% approval rate [1]. - The median net profit of these companies is 1.22 million, representing an increase of over 50% compared to the full year of 2024, which was 0.80 million [1]. Group 2: IPO Practical Manual - The "Domestic IPO Practical Manual (Enterprise Perspective)" is introduced as a guide for companies to enhance their IPO success rate by coordinating with intermediary institutions and internal departments [2][5]. - The manual consists of 254 pages and 123,000 words, divided into four main sections: preparation before listing, listing norms, key points of corporate restructuring, and other important matters [5]. Group 3: Preparation Before Listing - The first section includes six chapters that cover essential tasks, participants, listing conditions, and overall processes that companies need to understand before going public [8]. - Companies are advised to develop strategies based on whether the IPO initiation falls within the reporting period, differentiating between strategies for within and outside the reporting period [9]. Group 4: Listing Norms - The second section introduces a "Five-Step Method" for listing norms, which includes adjustments to equity structure, organizational structure, business processes, financial norms, and ERP implementation [19][20]. - The section provides case studies to clarify specific operational strategies and frameworks for companies [21]. Group 5: Corporate Restructuring - The third section focuses on important timing for IPOs, considerations for corporate restructuring, and strategies to reduce listing costs [25]. - It emphasizes practical guidance on selecting restructuring methods and preparing actionable plans [26]. Group 6: Other Capital Operations - The fourth section discusses other capital operations during the IPO process, departmental responsibilities, and case studies from key industries [32]. - It includes detailed analysis of six representative IPO review cases, highlighting regulatory concerns and common issues faced by companies in these sectors [36].

Core Viewpoint - The A-share IPO market is showing signs of recovery, with a significant increase in the number of companies going public and a 100% approval rate for IPO applications as of April 2023 [1][2]. Group 1: IPO Preparation - The "Practical Manual for Domestic IPOs (Enterprise Perspective)" consists of 254 pages and 123,000 words, divided into four main sections: Pre-listing Preparation, IPO Norms, Share Reform Key Points, and Other Important Matters [2]. - The first section includes six chapters that cover essential tasks, participants, listing conditions, and overall processes that companies need to understand before going public [5][6]. - Companies should develop strategies based on whether the IPO initiation point falls within the application period, categorizing them into strategies for within and outside the application period [7]. Group 2: IPO Norms - The second section also contains six chapters, with the first chapter introducing a "Five-Step Method" for listing norms, which includes adjustments to equity structure, organizational structure, business process, financial system, and ERP implementation [16]. - The financial norms section provides case studies to clarify operational strategies and frameworks for companies [17]. Group 3: Share Reform - The third section focuses on important timing for IPOs, considerations for share reform, and strategies to reduce listing costs, with a significant portion dedicated to share reform methods and preparations [22][24]. - Detailed explanations are provided for choosing the benchmark date for share reform, advising against selecting certain month-end dates [22]. Group 4: Capital Operations and Department Coordination - The fourth section discusses other capital operations during the IPO process, departmental work arrangements, and case studies of IPO reviews in key industries [27][29]. - It emphasizes the importance of departmental coordination, detailing how nine departments, including finance and sales, should prepare for IPO-related inquiries [27]. - The section also highlights six popular IPO industries and analyzes representative IPO review cases, focusing on regulatory concerns and common issues faced by companies in those sectors [29].

当前，虽然IPO受理速度有所提升，但审核态势仍旧趋严。站在 企业视角 ，我们应该从哪些方面入手， 做好IPO规范和股改工作，协调好中介机构人员和企业各部门员工之间的具体分工，提升IPO成功率？ 答案就在 《境内IPO实操手册（企业视角）》 中—— 境内IPO实操手册（企业视角） 1.纸质资料《境内IPO实操手册（企业视角）》 扫码可查看详情 限时特惠 立减20元 Q： 如何试读？ A： 扫码→点击"赠品 内含3个商品"→点击"试读" 《境内IPO实操手册（企业视角）》共有254页，12.3万字，内容主要分为四个部分，分别是 上市前的准 备 、 企业上市规范 、 企业股改要点 、 其他重要事项 。 PPPPaaaarrrrtttt 1111 2.线上课程《不同板块IPO审核要点解析（14案例）》 3.梧桐定制笔记本1个 第一部分共有6个章节， 其中，既介绍了企业上市之前需要了解的主要工作、参与者、上市发行条件、 整体流程等基本事项，也有关于企业应该如何选择中介机构、判断上市可能性等关键事项。 例如，在IPO时间规划时，企业可以根据IPO启动时点是否在申报期内， 将其分为申报期内的策略和申 报期外的策略。 对于申 ...

当前，虽然IPO受理速度有所提升，但审核态势仍旧趋严。站在 企业视角 ，我们应该从哪些方面入 手，做好IPO规范和股改工作，协调好中介机构人员和企业各部门员工之间的具体分工，提升IPO成功 率？ 答案就在 《境内IPO实操手册（企业视角）》 中—— 境内IPO实操手册（企业视角） 1.纸质资料《境内IPO实操手册（企业视角）》 2.线上课程《全面注册制IPO审核要点》 3.梧桐定制笔记本1个 扫 查看详情 扫码可查看详情 或试读内容 Q： 如何试读？ A： 扫码→点击"赠品 内含3个商品"→点击"试读" 《境内IPO实操手册（企业视角）》共有254页，12.3万字，内容主要分为四个部分，分别是 上市前的 准备 、 企业上市规范 、 企业股改要点 、 其他重要事项 。 PPPPaaaarrrrtttt 1111 第一部分共有6个章节， 其中，既介绍了企业上市之前需要了解 的主要工作、参与者、上市发行条件、 整体流程等基本事项，也有关于企业应该如何选择中介机构、判断上市可能性等关键 事项。 例如，在IPO时间规划时，企业可以根据IPO启动时点是否在申报期内， 将其分为申报期内的策略和申 报期外的策略。 对于申报期 ...