Group 1: IPO Withdrawals - Three companies withdrew their IPO applications during the week of June 16 to June 22, 2025, including one from the Shanghai Stock Exchange, one from the Shenzhen Stock Exchange, and one from the Beijing Stock Exchange [1] - The companies that withdrew their applications are Qingdao Gulf Chemical Co., Ltd., Zhejiang Qingtian Solar Technology Co., Ltd., and Beijing Zhaoxin Information Technology Co., Ltd. [2] Group 2: Qingdao Gulf Chemical Co., Ltd. - Qingdao Gulf Chemical focuses on the research, production, and sales of chlor-alkali chemicals, organic chemical raw materials, high polymer new materials, and inorganic silicon products, with key products including PVC, polystyrene, and caustic soda [3] - The company experienced significant growth in performance due to a nearly 50% increase in product prices during the chemical industry upcycle before 2022, but is now facing potential declines in performance as prices revert to pre-cycle levels [4] - The company's total assets as of June 30, 2022, were approximately 1,332.11 million yuan, with a net profit of approximately 100.56 million yuan for the first half of 2022 [4] Group 3: Beijing Zhaoxin Information Technology Co., Ltd. - Beijing Zhaoxin specializes in Product Identity Management (PIDM) technology, offering IoT identification products, SaaS software, and digital solutions for various industries [5] - The company's revenue for 2022 was approximately 22.88 million yuan, which is significantly below the standards required for listing, leading to the withdrawal of its IPO application [6]

Core Viewpoint - Beijing Stock Exchange has decided to terminate the review of Beijing Zhaoxin Information Technology Co., Ltd.'s application for public stock issuance and listing [1] Group 1: Company Actions - Zhaoxin submitted its application for public stock issuance on May 30, 2023, which was accepted by the Beijing Stock Exchange [3] - On June 11, 2025, Zhaoxin requested to withdraw its application for public stock issuance, leading to the termination of the review process by the exchange [3] - The company specializes in Product Identity Management (PIDM) technology research and development, offering IoT identification products, SaaS software products, and industry digital solutions [3] Group 2: Financial Details - Zhaoxin planned to issue up to 23,575,000 shares, or 27,111,250 shares if the overallotment option was fully exercised, with a maximum of 3,536,250 shares available through the overallotment option [4] - The company aimed to raise CNY 176 million for projects including the upgrade of a digital management platform for large and medium-sized enterprises, a SaaS platform for small and medium-sized enterprises, and an R&D center upgrade [4][5] - The total investment for the projects was CNY 218.65 million, with specific allocations of CNY 90 million for the digital management platform upgrade, CNY 66 million for the SaaS platform upgrade, and CNY 20 million for the R&D center upgrade [5]