Longsys Technology, Blue Arrow Aerospace, and several other companies planning IPOs have pressed the "pause button" on their IPOs due to updated financial reports.

The SSE website shows that Changxin Technology’s STAR Market IPO has been terminated. The reason is that the financial data recorded in the application documents for issuance and listing has passed its validity period and needs to be supplemented and submitted. Changxin Technology adopted a STAR Market IPO pre-review mechanism, and the progress of the IPO has drawn intense market attention. On the same day, the SSE website also showed that Blue Arrow Aerospace’s STAR Market IPO has been terminated. The reason is that the financial data recorded in the application documents for issuance and listing has passed its validity period and needs to be supplemented and submitted. In addition to the two companies above, on March 31, multiple companies planning to go public pressed the “stop” button for their IPOs because of updates to their financial reports. The SSE website shows that, as of the time of publication, a total of 27 companies’ IPO review statuses have been updated to “terminated (financial report updates),” including companies such as Shanghai Supersilicon, Xintong Pharmaceutical, and Guoyi Quantum. (Securities Journal)

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