Summary of Key Points Core Viewpoint - Three companies have withdrawn their IPO applications in the past week, including one from the Shanghai Stock Exchange and two from the Beijing Stock Exchange [1]. Group 1: Company Withdrawals - Qingdao Qinghe Artificial Turf Co., Ltd. is a leading manufacturer of artificial turf, holding a global market share of 12.9% as of 2023 [3]. The company withdrew its IPO application after failing to respond to the first round of inquiries from the exchange [4]. - Xiamen Dongang Technology Co., Ltd. specializes in mobile lighting tools and faced regulatory scrutiny due to the lack of significant differentiation between its products and general lighting equipment [6][8]. The company also withdrew its IPO application [4]. - Wufeng Chicheng Biotechnology Co., Ltd. focuses on the development and production of tannin-based products. The company reported a 26.05% year-on-year decline in its net profit, raising concerns about meeting listing standards [9][10]. Group 2: Financial Performance - Qingdao Qinghe reported total assets of approximately 237.99 million yuan as of June 2024, with a net profit of 6.1 million yuan for the first half of 2024 [4]. - Xiamen Dongang's total assets reached approximately 332.12 million yuan as of September 30, 2023, with a net profit of approximately 33.38 million yuan [7]. - Wufeng Chicheng's total assets were approximately 614.24 million yuan as of December 31, 2023, with a net profit of approximately 48.76 million yuan [10].

IPO Review and Registration Progress - The recent surge in IPO applications has led to 9 new IPO applications being accepted in the last week [2] - Notable companies include Yue Long Technology, Hao De CNC, Hai Sheng Medical, Yong Li Precision, Mei De Le, and Da Ya Co., with various business focuses ranging from fluid transport to medical devices and precision steel pipes [2][3][4] - Hai Sheng Medical reported a revenue of 3.04 billion yuan for 2024, a slight decrease of 0.7% year-on-year, with a net profit of 710 million yuan, down 9.12% [3] - Yong Li Precision expects revenues of 5.68 billion yuan and a net profit of 950 million yuan in 2024, with a growing reliance on major clients [4] - Mei De Le anticipates revenues of 11.38 billion yuan and a net profit of 2.11 billion yuan in 2024, with a significant portion of revenue coming from the new energy battery sector [4] New IPOs and Fundraising - Shaanxi Tourism's IPO has been accepted, aiming to raise 1.555 billion yuan for various tourism-related projects [5][6] - The company integrates tourism performance, cableway operations, and project management, leveraging local resources [5] - Aifenda has submitted its IPO registration, seeking to raise approximately 665 million yuan for production line upgrades and working capital [9] - Tianfu Long has received approval for its IPO, planning to raise 790 million yuan for production projects [9] Market Trends and Regulatory Developments - The Shanghai government aims to cultivate 3-5 unicorns in the rehabilitation assistive devices sector by 2027, promoting investment and efficiency in the industry [12] - Guangdong province encourages fintech companies to go public, engage in mergers and acquisitions, and issue special corporate bonds to enhance digital financial development [13]