The fundraising project faces a "triple strict" audit, and the amount raised in the IPO is collectively slimmed down.

Since the normalization of IPO reviews last year, there has been a clear sign of a reduction in the scale of enterprise fundraising. According to statistics, more than 40% of enterprises have significantly reduced the scale of fundraising compared to the original application, with an average reduction rate exceeding 20%. Among them, the "supplementary working capital" project has become the part that shrinks the most, with many enterprises either directly canceling their supplementary working capital plans or significantly reducing the amount of supplementary working capital. Behind this phenomenon is the deepening guidance of regulatory policies. The new "Nine Rules" have been implemented, and the rules for IPO reviews and fundraising supervision have been revised successively, making the IPO fundraising review standards more stringent, especially in precision constraints on issues such as "over-fundraising" and "excessive proportion of supplementary working capital" that existed before.