Since 2023, while the number of listed companies in the A-share IPO market has decreased, the review has also maintained a strict trend. According to Wind data, the above meeting dates are used as statistical standards. As of July 5th, the approval rate of IPO reviews has been approximately 85.78% this year, a decrease of about 2 percentage points compared to the same period last year. From the perspective of the sector situation, the passing rate of the main board is slightly higher than that of the Science and Technology Innovation Board, ChiNext Board, and Beijing Stock Exchange, approaching 90%. The IPO approval rate has slightly decreased. Wind data shows that the above meeting dates are used as statistical standards. As of July 5th, the total number of IPO review companies this year is 204, of which 175 have passed, with a approval rate of approximately 85.78%; 10 failed, accounting for approximately 4.90%; In addition, there are 19 other cases (suspension of voting, cancellation of review), accounting for approximately 9.31%. Compared to the same period last year, the number of enterprises attending this year has significantly decreased, and the pass rate has also decreased. According to data, the total number of IPO review companies in the same period last year was 263, of which 231 were approved, accounting for approximately 87.83%. This also means that with the decrease of nearly 60 listed companies, the passing rate of A-share IPOs has decreased by about 2 percentage points since the beginning of this year. As for the situation of recommendation institutions, the top securities firms still maintain a high proportion of past meetings. According to Wind statistics, since this year, CITIC Securities, Huatai Securities and CSCI have ranked the top three in IPO audit companies, with 68, 33 and 31 respectively, and their passing rates are 95.59%, 96.97% and 93.55%, all above 90%. In addition, the number of IPO review companies for China Merchants Securities and Guotai Junan is 21 and 20 respectively, with a pass rate of 100%. From the perspective of the number of enterprises listed on the Shanghai Stock Exchange, according to the incomplete statistics of the reporter of the Economic Information Daily, as of July 5, there have been 31, 19, 29, 87 and 38 enterprises audited on the Shanghai Stock Exchange Main Board, Shenzhen Stock Exchange Main Board, Science and Technology Innovation Board, GEM and the Beijing Stock Exchange since 2023, and 28, 17, 21, 77 and 32 enterprises have been approved. Based on this calculation, the IPO pass rates of the five major sectors mentioned above since the beginning of this year are 89.47%, 90.32%, 72.41%, 88.51%, and 84.21%, respectively. According to the data, in terms of the total number of listed companies, the Shenzhen Stock Exchange Main Board has the lowest number of listed companies this year, but the pass rate is about 89.47%, slightly higher than the average level of the entire market; The Science and Technology Innovation Board has the lowest IPO approval rate, at approximately 72.41%. In addition, the passing rate of IPOs on the Beijing Stock Exchange is slightly lower than the overall market average, at 84.21%. It is worth noting that after the registration system was rolled out to the main board market this year, a total of 30 companies planning to list on the main board will attend the meeting. Among them, 3 companies have been suspended from voting, and there have been no companies that have been rejected, nor have there been any companies that have temporarily cancelled their review before the meeting. At the same time, the IPO pass rates of the Shanghai Stock Exchange Main Board and the Shenzhen Stock Exchange Main Board have reached 90.32% and 89% respectively since the beginning of this year