Core Insights - In 2024, a total of 100 new companies are expected to be listed on the A-share market, with an overall net profit increase of 1.18% compared to 2023, outperforming the existing listed companies which saw a decline of 5.44% [1][2][5] - Among the 100 new listings, 57 companies reported profit growth, while 43 experienced significant declines in their first year, with two companies seeing a drop of over 80% [1][5] - The recent regulatory change allows IPO companies to obtain a credit report in just half a day, significantly reducing the time and cost associated with the IPO process [1][19][20] Summary by Category Overall Performance - The 100 new companies collectively achieved a net profit of 18.9 billion yuan in 2024, marking a 1.18% increase from 2023 [1][3] - Excluding bank stocks, the overall A-share market saw a net profit decline of 5.44% [1][2] Sector Performance - Shanghai Main Board: New listings saw a net profit decline of 8.74%, while existing companies reported a 2.95% increase [2][3] - Shenzhen Main Board: New listings experienced a 46.54% profit increase, contrasting with a 25.89% decline for existing companies [2][4] - Sci-Tech Innovation Board: New listings had an 18.56% profit decline, while existing companies saw a 41.65% drop [2][4] - Growth Enterprise Market: New listings reported a 6.22% profit increase, while existing companies declined by 13.49% [2][4] - Beijing Stock Exchange: New listings had a 4.53% profit increase, while existing companies declined by 27.6% [2][4] Performance of New Listings - 57 out of 100 new companies reported profit growth, while 43 faced profit declines, with over 50% of the declines occurring in the Shenzhen Main Board and Sci-Tech Innovation Board [5][6] - The top 10 companies with the largest profit declines included 盛景微 (Shengjingwei) with a decline of 88.24% and 艾罗能源 (Ailuo Energy) with a decline of 80.88% [7][8] IPO Process Improvement - The new credit report system allows companies to replace the traditional requirement for a non-violation certificate, streamlining the IPO process and reducing the time from several months to a single day [19][20]