According to the statistics of Xinhua Finance and economics, in 2021, a total of 78 enterprises terminated the IPO audit of science and innovation board, and the lack of “hard technology” attribute became the main reason.
Among them, according to the industry classification standards of the CSRC, there are 16 computer, communication and other electronic equipment manufacturing industries, 11 special equipment manufacturing industries, 8 software and information technology services and pharmaceutical manufacturing industries, and 7 chemical raw materials and chemical products manufacturing industries, electrical machinery and equipment manufacturing industries.
In terms of regional distribution, there are 15 in Zhejiang, 13 in Jiangsu, 12 in Guangdong, 11 in Shanghai, 7 in Beijing, 3 in Anhui and Shandong, 2 in Liaoning and abroad, and 1 in Fujian, Hebei, Tianjin, Sichuan, Inner Mongolia, Jiangxi, Jilin, Hubei, Henan and Hong Kong.
It is understood that cultivating more innovative enterprises with “hard technology” strength and market competitiveness is the primary standard to test the success of the science and innovation board. The lack of core technology, insufficient investment in scientific and technological research and development, and excessive reliance on sense in (authorized introduction) are the main reasons for the “rejection”.
In April 2021, the CSRC revised and published the guidelines for the evaluation of the attributes of science and innovation (Trial), focusing on supporting the core objectives of “hard technology”, highlighting substance over form, implementing classified treatment and negative list management, further enriching the evaluation indicators of the attributes of science and innovation and strengthening comprehensive research and judgment. Compact the responsibilities of intermediaries, strengthen the supervision and inspection of the implementation of systems and rules, and improve the quality of listed companies on the science and innovation board from the source.
The industry believes that in the future, enterprises must focus on technology and strengthen research investment in core technology, original technology and integrated innovation. In strict accordance with the regulatory requirements, comprehensive, true, accurate and complete disclosure of relevant information, including the positioning of the science and innovation board and the attributes of science and innovation, can be successfully listed under the new review trend.
(Xinhua Finance)
