Group 1 - Shandong Xishangxi New Materials Technology Co., Ltd. has terminated its IPO counseling status as of July 15, 2023, following a trend where three other Shandong companies also halted their IPO plans in July [1] - The company was established in June 2011 with a registered capital of 45.41 million yuan and has developed into a modern production enterprise for a full range of metal alcohol salts [2] - Xishangxi entered a counseling period with CITIC Securities on November 23, 2022, and underwent ten counseling sessions over 30 months, but ultimately decided to abandon its IPO plans [4] Group 2 - Zhiguan Technology Co., Ltd. also has a history of being listed on the New Third Board and initiated its A-share IPO counseling on October 8, 2023, despite facing significant financial losses in 2024 [5] - Zhiguan's revenue for 2024 was reported at 45.36 million yuan, a decline of 81.04% year-on-year, with a net loss of 49.04 million yuan, marking a 210.19% decrease [5] - Weisen New Materials Technology Co., Ltd. and Langhui Petrochemical Co., Ltd. also terminated their IPO counseling, with Weisen being a national high-tech enterprise focused on cellulose-based products [7][8] Group 3 - Langhui Petrochemical, established in December 2011 with a registered capital of 150 million yuan, specializes in fine chemical products and has faced challenges in its internal control systems [10] - The company reported revenues of 12.15 billion yuan, 12.69 billion yuan, and 13.41 billion yuan from 2022 to 2024, with net profits of 94.67 million yuan, 477 million yuan, and 213 million yuan respectively [10] - Langhui's debt levels are high, with a total liability of 3.368 billion yuan and a debt-to-asset ratio of 68.09% as of the end of 2024 [10]