⊙记者 郑培源 ○编辑 全泽源

⊙ zeyuan all reporter ZhengPeiYuan s editor

　　“力度之大、规则之细、时间之紧，前所未有。”一位参加8日举行的IPO在审企业2012年财务报告专项检查工作会议的券商投行部负责人告诉记者，“证监会态度之坚决出乎业界的预料。”

"Strength of the large/The rules of the fine/The tight of time,An unprecedented."An IPO in enterprises participating in the 8 th 2012 financial report special inspection work conference of the securities investment bank department person in charge told reporters,"CSRC attitude firmly to the industry of expectations."

企业可能知难而退 Enterprise may finish rolling

　　多名业内人士判断，严格的核查风暴之下，882家排队企业中或有10%-20%企业选择主动撤回，创业板中2012年业绩整体下滑的行业、主板及创业板一些不易核查的行业很可能成为撤回的重点板块。上述企业或将重新选择海外上市或者到新三板挂牌。而一些本身存在财务瑕疵、又尚未进入待审状态的公司则可能知难而退，放弃A股上市的计划。

More than the personage inside course of study,Under strict check the storm,882 line companies or enterprises choose to withdraw 10% - 10%,The gem in the performance of the overall decline in 2012/Some main board and gem is not easy to check the industry may well become a withdraw the focus of the plate.The enterprise or to choose overseas listing or to new SanBan listing.And some financial defects in itself/And has not yet entered the pending state of the company may be finish rolling,Give up a-share listed in the plan.

　　多位保荐人昨日向记者表示，已经针对证监会本次财务核查提出的12项重点内容着手进行拟上市企业的核查工作。中信证券(600030,股吧)一位保荐人表示，本次核查广度和深度远远超越一般的尽调范围。由于证监会要求凡是2013年3月之前申报IPO的企业均需各保荐机构、会计师事务所分别提交自查报告，并且不仅要核查2012年的财务状况，而且要覆盖整个报告期，他判断本身业绩存在问题的，以及部分无法按照要求进行核查的企业很难过关，将出现一批主动撤回的企业。“2012年出现全行业亏损的行业，餐饮、农业这样现金交易、无法追溯资金流的行业，连锁、网络类等难以核查的特殊行业都很难通过核查，很可能选择知难而退，总数量可能在百家左右。”

Many sponsors told reporters yesterday,Have to CSRC the financial check the 12 key contents to be listed enterprise embark on the inspection work.Citic securities(600030,Shares!)A guarantor,This verification breadth and depth is far beyond the average as adjustable range.Due to the CSRC requires those who declare before March 2013 IPO of enterprise must be the sponsor/Certified public accountants self-examination report submitted separately,And not only to check the financial situation in 2012,But also to cover the whole period,His judgment performance problems of itself,And some can't check in accordance with the requirements of enterprise is difficult to pass,There will be a number of active withdraw of the enterprise."In 2012 the industry losses of the industry,Food and beverage/Agriculture such cash transactions/Unable to trace the industry of the capital,chain/Network such as difficult to check the special industry it is difficult to through the verification,Are likely to choose finish rolling,The total number may be hundred or so."

　　“按照我们接到的口头通知，拟登陆主板的企业2012年业绩下滑30%以上的，以及拟登陆创业板的企业业绩出现下滑的，材料直接撤回。”另一家券商保荐人告诉记者。他判断341家创业板申报企业中2012年业绩出现下滑的企业可能在1/3到1/4，而排队企业中整体撤回的总数量在10%-20%之间。“之前藏了利润的还容易熬过去，如果2012年年初申报，前三年度业绩做得满满的，2012年又没能上市，这次应该撑不下去了。”

"According to our receiving oral notice,To log in the motherboard enterprise performance fell more than 30% in 2012,And the gem enterprise performance dropped to login,Materials directly to withdraw."Another brokers sponsors told reporters.He judge 341 gem declaration enterprise performance dropped in 2012 in the enterprise may be in the third quarter to,And queuing enterprise overall withdraw in the total number of between 10% to 20%."Before the profit but also easy to get by,If you declare in early 2012,The first three year do full performance,In 2012 and could not listed,This should support not bottom go to."

　保代表示“压力大” The generation of said"pressure"

　　财富里昂一位投行负责人告诉记者，由于在审项目较少，并且行业相对保险，对通过审查并无压力。不过大多数受访的投行人士还是表示，在审企业中会有10%-20%的项目面临撤回。除此之外，业内人士表示，本次核查也会让有初步上市意愿而有财务问题的公司萌生退意。已经有投行人士告诉记者，自己处于前期接触的公司刚刚放弃了上市计划。

Wealth Lyon, an investment bank officials told reporters,Due to the less in the project,And the relative insurance industry,For through the review and without pressure.But most of the investment bankers said,In the trial enterprise will have 10% - 20% of the project are withdrawn.In addition to,The personage inside course of study says,Listed on this verification will make a preliminary intend and initiation TuiYi have financial problems of the company.Investment bankers have told reporters,Yourself in early contact with the listed company has just gave up the plan.

　　此外，多位保荐人均对本次核查时间之紧表示了压力。按照会议传达的精神，如果候审项目3月31日提交不了自查报告，则20个工作日之内需申请中止审查，如果没有及时中止申请，证监会有权终止审核。即使提交了中止审查申请，后提交的自查报告可能也要延迟到6月再复核。“这意味着3月末提交不了报告，后面再想上会又可能要补半年报，没有留下任何拖延的空间。”一位保荐人无奈地表示，“项目多的券商可以说是"鸡飞狗跳"”。

In addition,Per capita than sponsor for the verification of time tight said the pressure.According to convey the spirit of the meeting,If pending trial project on March 31, submit the self-examination report,Is 20 days of domestic demand to suspend the application review,If there is no timely to suspend the application,CSRC have the right to terminate the audit.Even if submitted to suspend the examination application,After submitting the self-examination report of may will be delayed to June to check again."It means 3 month can't submit the report,Back again want to on May to fill half annals,Don't leave any delay of the space."A guarantor said helplessly,"Project number of brokers can be said to be"Chicken fly a dog to jump"".

　　值得关注的是，餐饮企业俏江南1月8日发布消息称，其港股上市申请已成功通过聆讯。该公司此前欲在A股上市，2012年1月21日主动提出申请撤回材料。“俏江南的选择是明智的，排队的餐饮企业至今一家也没有上会。本次核查压力之下，他们中间相当一部分很可能也会选择海外上市或者新三板挂牌。”中信证券一位保荐人告诉记者。

Is of concern,Catering enterprises announced on January 8, qiao jiangnan,The Hong Kong listing application has successfully passed the hearing.The company had to in the a-share listed,January 21, 2012, offered to withdraw the application materials."Qiao jiangnan choice is wise,A line up of the catering enterprises has no will.This verification under pressure,Among them quite a few very may also choose overseas listing or new SanBan listing."Citic a guarantor told reporters.