Recently, many IPO filers, such as Nisoko, 1/1000, and Denier, entered the third round of inquiries. Some companies chose to withdraw their applications soon after completing their responses. The reporter combed through the inquiry letter and found that from routine financial data verification to multi-dimensional questioning of business essence and continuous management ability, performance sustainability and management standardization have become high-frequency “must-answer questions.” Cheng Fengchao, a member of the Academic Advisory Committee of the China Association of Listed Companies, said that the questions asked in the three rounds of inquiries are essentially judging whether the company's current good performance is a short-term result or whether it is based on healthy, replicable, and sustainable management. The capital market should choose healthy enterprises that can be responsible to public shareholders, continuously create value, and go through the cycle.

Recently, many IPO filers, such as Nisoko, 1/1000, and Denier, entered the third round of inquiries. Some companies chose to withdraw their applications soon after completing their responses. The reporter combed through the inquiry letter and found that from routine financial data verification to multi-dimensional questioning of business essence and continuous management ability, performance sustainability and management standardization have become high-frequency “must-answer questions.” Cheng Fengchao, a member of the Academic Advisory Committee of the China Association of Listed Companies, said that the questions asked in the three rounds of inquiries are essentially judging whether the company's current good performance is a short-term result or whether it is based on healthy, replicable, and sustainable management. The capital market should choose healthy enterprises that can be responsible to public shareholders, continuously create value, and go through the cycle.