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].