In 2026, both IPOs were canceled!

According to the official website of the Shanghai Stock Exchange, on January 20, Qin Hengwei's IPO status on the Science and Technology Innovation Board was updated to "terminated". Earlier on January 14, Yadian Technology's IPO on the Science and Technology Innovation Board was also terminated. So far, since 2026, there have been 2 cases of A-share IPO termination. The reporter found that the reasons for the termination of the IPO of the two companies mentioned above were that the issuer and the sponsor institution withdrew the IPO application.