Core Viewpoint - In the first half of 2025, a total of 74 companies in the A-share market terminated their IPO applications, indicating a significant trend in the market dynamics and investor sentiment [1]. Group 1: Termination Overview - Among the 74 terminated IPOs, 51 companies withdrew before the review meeting, 18 withdrew after the review, and 5 withdrew after submitting their registration [1]. - The breakdown by market segment shows that the Shanghai Main Board had 14 terminations, the Sci-Tech Innovation Board had 3, the Shenzhen Main Board had 9, the Growth Enterprise Market had 21, and the Beijing Stock Exchange had 27 [1]. Group 2: Specific Company Terminations - Notable companies that terminated their IPO applications include: - Qingdao Haiguan Chemical Co., Ltd. on June 20, 2025, for the Shanghai Main Board [2]. - Beijing Tianxing Medical Co., Ltd. on June 6, 2025, for the Sci-Tech Innovation Board [2]. - Qingdao Qinghe Artificial Turf Co., Ltd. on May 30, 2025, for the Shanghai Main Board [2]. - A total of 4 companies withdrew due to the actions of their sponsoring institutions, including: - Kaiyuan Securities Co., Ltd. and Beijing Tianxing Medical Co., Ltd. [4]. Group 3: Detailed Company List - The article provides a detailed list of companies that terminated their IPO applications, including their names, abbreviations, intended market segments, and termination dates [2][3]. - For example, companies like Jiangsu Yicheng Automotive Parts Co., Ltd. and Shenzhen Haobo Window Control Technology Co., Ltd. also appear in the termination list, indicating a diverse range of industries affected [2][3]. Group 4: Regulatory Context - The terminations are often linked to the actions of the sponsoring institutions, which play a crucial role in the IPO process, as seen in the cases of Beijing Tianxing Medical Co., Ltd. and Ningbo Zhongchun High-Tech Co., Ltd. [7][9]. - The regulatory framework governing these terminations is outlined in the Shanghai Stock Exchange's rules, emphasizing the importance of compliance and due diligence in the IPO process [7][9].

文/梧桐数据中心 2024年全年，A股IPO终止企业共计437家。其中，367家在上会前撤回，1家在上市委会议被否决，60家在过会后终止，9家在提交注册后终止。从拟上板块来 看，沪主板终止78家，科创板终止75家，深主板终止54家，创业板终止152家，北交所终止78家。 本文统计2024年IPO否决、过会后终止、终止注册的70家企业，具体如下表： | IPO否决: | | | | | --- | --- | --- | --- | | 企业名称 | 企业简称 | 拟上板块 | 否决日期 | | 浙江胜华波电器股份有限公司 | 胜华波 | 沪主板 | 2024/1/30 | | 过会后终止: | | | | | 企业名称 | 企业简称 | 拟上板块 | 终止日期 | | 新特能源股份有限公司 | 新特能源 | 沪主板 | 2024/12/24 | | 新黎明科技股份有限公司 | 新黎明 | 沪主板 | 2024/11/1 | | 北京晶亦精微科技股份有限公司 | 晶亦精微 | 科创板 | 2024/7/2 | | 重庆润际远东新材料科技股份有限公司 | 润际新材 | 沪主板 | 2024/6/30 | | 北京 ...