Whether the failure of the administrative case will have an impact on the company's future IPO mainly depends on whether the administrative case will have an impact on the company's ability to continue operating.
For example, if your company loses a patent lawsuit and the sales of its main products are affected by the patent lawsuit, it will definitely be affected.
If this administrative case is lost, the relevant departments will not be able to issue certificates of no major violations during future IPOs, which will also be affected.
If the company’s controlling shareholders, actual controllers, directors, supervisors and senior executives are subject to administrative penalties due to the failure of this administrative case, the impact needs to be further assessed.
In other cases, it doesn’t matter if you lose the lawsuit.