[73 A-share companies planning to IPO have terminated their listings this year, and more than 90% of them have voluntarily withdrawn their applications] On October 28, data showed that 9 companies planning to IPO had terminated their listing process in October, which was the same as in September. Looking at the whole year, as of October 26, 73 A-share companies planning to IPO have terminated the listing process during the year, of which more than 90% are issuers or sponsors who have voluntarily withdrawn their applications. In terms of rhythm, the number of companies planning to IPO to terminate their applications this year has increased quarter by quarter, with 30 companies terminating their IPOs in the third quarter alone. Behind this wave of IPO withdrawals is the continuous upgrading of quality control at the entrance to A-share IPOs. Supervisory review has shifted from checking static financial indicators to comprehensively verifying the long-term operational stability of the company. When sorting out the projects that have been terminated since this year, it is not difficult to find that behind the cancellation of orders by many companies, along with the sharp fluctuations in performance during the review period, the "change in performance" became an incentive to actively cancel orders.