吾道科技是金融科技領(lǐng)域“AIForFinance”的引領(lǐng)者，致力于以頂尖AI技術(shù)重塑金融智能范式，精準(zhǔn)破解行業(yè)在合規(guī)、效率、成本、經(jīng)驗(yàn)四大核心層面的難題，實(shí)現(xiàn)基于AIAgent的、以目標(biāo)驅(qū)動(dòng)的閉環(huán)金融工作流自動(dòng)化與智能化。構(gòu)建了以iWudao金融模型為核心，外加自解釋NLP模型和金融事件知識(shí)圖譜的金融AI“超強(qiáng)大腦”并結(jié)合長期積累的領(lǐng)域知識(shí)，為金融機(jī)構(gòu)及從業(yè)人員提供提供工作場景產(chǎn)品化、生產(chǎn)方式數(shù)字化、業(yè)務(wù)決策智能化的系統(tǒng)性解決方案。麒麟軟件NeoCertify認(rèn)證麒麟軟件NeoCertify認(rèn)證吾道科技（iWudao）|https://www.iwudao.tech/版權(quán)及免責(zé)聲明品牌愿景成為金融科技領(lǐng)域頂級(jí)的大數(shù)據(jù)產(chǎn)品及服務(wù)供應(yīng)商數(shù)據(jù)為本服務(wù)金融·2025年年度A股市場概覽2025年年度A股市場審核及投資分析2025年年度A股市場券商分析004,490.524,121.634,000.004,166.384,203.644,121.634,000.004,166.3800上市單數(shù)(家)募資金額(億元)細(xì)分市場：科技創(chuàng)新+跨領(lǐng)域重組的精準(zhǔn)發(fā)力2024Q3-2025Q4年IPO市場變動(dòng)情況2024Q3-2025Q4年再融資市場變動(dòng)情況2024Q3-2025Q4年并購重組市場變動(dòng)情況500 -4,000.00486.63486.632024年Q32024年Q42025年Q12025年Q22025年Q32025年Q4864206407.12407.122024年Q32024年Q42025年Q12025年Q22025年Q32025年Q4400.00-4,000.000 -上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證-上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板 中小型項(xiàng)目占比穩(wěn)定各融資/交易規(guī)模項(xiàng)目數(shù)量分布50億元及-50億元6.78%以上-50億元6.78%-30億元6.49%0-10億元57.23%-20億元18.88%各融資/交易規(guī)模項(xiàng)目募資分布0-10億元6.65%0-10億元6.65%30億元3.98%50億元及以上76.27%6.65%76.27%18.88%6.49%6.78%10.62%6.45%3.98%6.65%76.27%行業(yè)分布：信息科技與高端制造業(yè)成為熱點(diǎn)9.73%基礎(chǔ)化工9.44%汽車6.49%醫(yī)藥生物4.72%有色金屬3.54%輕工制造3.24%公用事業(yè)3.24%計(jì)算機(jī)8.01%5.01%3.82%2.97%2.91%2.90%2.28%.68.01%5.01%3.82%2.97%2.91%2.90%2.28%.611479.30%行業(yè)分布（細(xì)分市場信息科技與高端制造業(yè)成為熱點(diǎn)電子電力設(shè)備汽車機(jī)械設(shè)備基礎(chǔ)化工醫(yī)藥生物輕工制造有色金屬社會(huì)服務(wù)建筑裝飾計(jì)算機(jī)家用電器通信交通運(yùn)輸銀行非銀金融傳媒國防軍工項(xiàng)目數(shù)7543221/////數(shù)量同比0.00%63.64%128.57%-13.33%-14.29%100.00%133.33%66.67%∕上年無項(xiàng)目200.00%-75.00%100.00% 0.00%/////融資金額365.00118.26229.2545.2682.9590.6654.0169.2218.4314.1129.334.503.24/////金額同比152.45%34.37%572.21%-48.78%9.85%216.60%261.17%254.98%∕上年無項(xiàng)目459.34%-61.01%-14.40%-20.07%/////項(xiàng)目數(shù)927127/574315數(shù)量同比100.00%90.91%-42.11%0.00%-42.86%-35.71%-77.78%40.00%0.00%-33.33%-22.22%/25.00%133.33%∕上年無項(xiàng)目∕上年無項(xiàng)目-66.67%66.67%融資金額364.45273.7274.4494.87179.32108.098.1968.542.3622.9984.80/68.00219.655,200.00150.004.1373.98金額同比205.45%122.91%-61.93%23.04%-12.70%-5.32%-82.53%-7.59%-70.52%-34.33%-1.79%/311.07%119.24%∕上年無項(xiàng)目∕上年無項(xiàng)目-72.08%55.86%項(xiàng)目數(shù)1575334/32/12/413數(shù)量同比60.00%0.00%400.00%133.33%400.00%50.00%200.00%100.00%/∕上年無項(xiàng)目0.00%/0.00%0.00%/∕上年無項(xiàng)目0.00%200.00%交易金額359.3111.52216.4642.17132.1671.13154.95171.94/9.605.16/1.5833.14/1,577.5414.111,333.56金額同比1,135.75%2,902.50%19,338.04%291.67%82.45%2,617.22%34,349.18%1,223.84%/∕上年無項(xiàng)目-96.86%/-83.69%-67.36%/∕上年無項(xiàng)目 -37.87%2,526.00%?按省級(jí)行政區(qū)統(tǒng)計(jì)，完成項(xiàng)目數(shù)量位于前列的區(qū)域?yàn)椋?6單）、（52單）、（40單募資/交易金額位于前列的區(qū)域?yàn)?.67%北京市5.01%山東省4.42%湖北省4.13%安徽省3.54%四川省3.54%福建省完成項(xiàng)目數(shù)量TOP10完成項(xiàng)目數(shù)量TOP107.54%5.82%3.80%2.98%2.54%2.52%2.23%2.02%7.54%5.82%3.80%2.98%2.54%2.52%2.23%2.02% 地區(qū)分布（細(xì)分市場蘇粵浙三足鼎立，江蘇省廣東省浙江省北京市上海市安徽省山東省福建省湖北省江西省黑龍江省內(nèi)蒙古自治區(qū)四川省湖南省遼寧省陜西省重慶市海南省項(xiàng)目數(shù)8855443222111//數(shù)量同比81.25%23.53%0.00%60.00%0.00%-28.57%25.00%0.00%-20.00%∕上年無項(xiàng)目∕上年無項(xiàng)目100.00%-60.00%0.00%∕上年無項(xiàng)目-50.00%//融資金額209.00185.94133.25199.0896.7131.5334.26224.4747.9216.0038.7527.7913.632.003.2446.36//金額同比120.87%60.90%20.06%242.68%20.73%41.11%23.00%891.48%41.51%∕上年無項(xiàng)目∕上年無項(xiàng)目328.76%-61.75%-69.80%∕上年無項(xiàng)目147.80%//項(xiàng)目數(shù)677/1/77/12/數(shù)量同比107.69%-29.03%-54.76%30.77%133.33%0.00%42.86%75.00%40.00%/∕上年無項(xiàng)目/75.00%0.00%/-50.00%0.00%/融資金額237.68382.92137.434,385.991,577.2477.97144.69103.94113.89/11.12/132.7475.07/6.0048.50/金額同比182.08%64.66%-61.49%2,720.33%2,509.00%105.80%327.37%-35.15%66.03%/∕上年無項(xiàng)目/139.68%-12.25%/-66.34%364.65%/項(xiàng)目數(shù)941632141/1312233數(shù)量同比25.00%350.00%300.00%-50.00%50.00%200.00%∕上年無項(xiàng)目∕上年無項(xiàng)目∕上年無項(xiàng)目0.00%/∕上年無項(xiàng)目50.00%-75.00%∕上年無項(xiàng)目∕上年無項(xiàng)目200.00%∕上年無項(xiàng)目交易金額345.30456.5575.3255.242,057.47193.9696.4513.7943.213.69/68.09101.786.2319.94185.86468.4485.09金額同比702.81%212.84%8,100.85%-65.79%13,630.72%17,187.09%∕上年無項(xiàng)目∕上年無項(xiàng)目∕上年無項(xiàng)目-83.77%/∕上年無項(xiàng)目7.03%-86.78%∕上年無項(xiàng)目∕上年無項(xiàng)目893.00%∕上年無項(xiàng)目儲(chǔ)備項(xiàng)目：IPO排隊(duì)項(xiàng)目降至10年來最低水平4,079.024,000.004,000.0042.1140-400在輔導(dǎo)/預(yù)案已受理待過會(huì)已過會(huì)待批復(fù)已批復(fù)待上市0在輔導(dǎo)/預(yù)案已受理待過會(huì)已過會(huì)待批復(fù)已批復(fù)待上市品牌愿景成為金融科技領(lǐng)域頂級(jí)的大數(shù)據(jù)產(chǎn)品及服務(wù)供應(yīng)商數(shù)據(jù)為本服務(wù)金融i·2025年全年A股市場審核及投資分析2025年全年A股市場券商分析IPO審核周期再創(chuàng)新高IPO審核周期再創(chuàng)新高?2025年，通過上市委會(huì)議審核114家、?2025年，通過上市委會(huì)議審核114家、5家暫緩審議、1家取消審核、無??上交所主板和深交所主板審核通過率提升至100.00%，科創(chuàng)板的審核通?通過審核共180家?通過審核共180家、無被否、暫緩審議和取消審核，審核事件通過率?通過審核共40家、暫緩審議1家、無被否和取消審核，審核事件通過率審核事件通過率提升至100%，新增1家并購重組過會(huì)項(xiàng)2025年IPO市場撤否率2025年再融資市場撤否率2025年并購重組市場撤否率0o437上交所主板深交所主板創(chuàng)業(yè)板上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證合計(jì)科創(chuàng)板北證合計(jì)—。撤否率535375上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證合計(jì)上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證合計(jì)86420%444%44420上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證合計(jì)上交所主板深交所主板創(chuàng)業(yè)板科創(chuàng)板北證合計(jì)—。撤否率2025年IPO市場投資熱度分析收益率分布浮盈浮虧分布收益率分布收益率分布浮盈浮虧分布收益率分布12%品牌愿景成為金融科技領(lǐng)域頂級(jí)的大數(shù)據(jù)產(chǎn)品及服務(wù)供應(yīng)商數(shù)據(jù)為本服務(wù)金融i2025年全年A股市場審核及投資分析·2025年全年A股市場券商分析。擔(dān)任22.81個(gè)項(xiàng)目的主承銷商，。募資總額方面，所承銷的項(xiàng)目累計(jì)募資總額達(dá)1,628.83億元，位居。以 承銷/負(fù)責(zé)項(xiàng)目數(shù)量TOP10承銷/負(fù)責(zé)項(xiàng)目數(shù)量TOP10券商數(shù)量同比9.06%8.51%6.02%4.30%3.80%3.04%2.48%2.28%..i9.55%8.60%8.23%7.81%3.95%3.16%2.95%2.82%570中信證券中信建投國泰海通華泰聯(lián)合國金證券東方證券中金公司浙商證券招商證券申萬宏源17.24%13.20%51.55%35.48%-34.78%158.62%51.41%125.00%41.43%716.67%267.41%506.42%454.74%124.55%-56.28%2,820.14%464.06%74.77%160.04%19,553.38% 7.8339.256.006.0038.326.0052.805.26%8.00 ////12.12////32.5424.4539.6616.294.5022.506.27%////8.00 6.0065.13////////////122.2812.14////4.301.419.83//// 8.48 801.65 774.02 13.942.00 20.767.19%////////32.7514.01////////////////////////2.57%4.34%////7.17//////236.75 130.6719.04117.00101.02169.00 ////////20.78////38.167.41%1.50//17.706.321.001.00//7.25//////////11.12 板塊排行：頭部券商堅(jiān)守傳統(tǒng)陣地創(chuàng)業(yè)板 126.1813.81111.50 176.8713.683.547.674.1658.37110.8955.2916.7220.3231.6354.569.372.6612.6116.08////4.30板塊排行：頭部券商堅(jiān)守傳統(tǒng)陣地 347.75 2.00 233.179.93% 188.45 4.51% 2.00 ////8.380.501.006.82 ////1.002.72////募資規(guī)模排行：差異化競爭勢態(tài)初現(xiàn)元元 11.831154.81561.1388.9455.568116.16831.4224.1852.05110.125 9.3336.51116.7245.46232.4316.62223.92////////313.7111.12募資規(guī)模排行：差異化競爭勢態(tài)初現(xiàn)////////////////////////////////////////////1////////////225元 6.17 8.31///////////////44元1313上?募資/交易總額方面，在民營企業(yè)企業(yè)類型中所負(fù)責(zé)的項(xiàng)目累計(jì)募資/交易總額為；由于負(fù)責(zé)了國泰海通的827.85億元超大型發(fā)行股 則在其他企業(yè)類型中以70.40億元的項(xiàng)目累計(jì)募資/交易總額位居榜首。 255.637.67106.495.79