2. The listed company has suffered losses for three consecutive years.
1. This Exchange may suspend its trading from the date of publication of its third annual report and decide whether to suspend its listing.
2. Allow the company to apply for a one-year grace period within 45 days after the suspension of listing. If it is profitable in the first fiscal year within the grace period, the company will be allowed to apply for resumption of listing after the publication of the annual report.
3. If the company fails to apply for the grace period, or the application is not approved, or the annual report is not published within the grace period, and the application for resumption of listing is not approved, the listing will be terminated.
(1) The delisting system is mainly to improve the quality of listed companies and avoid shoddy conditions.
(2) It can make the market mechanism play a regulatory role of survival of the fittest, stabilize the market order, and make investors' investment return to rationality.
(3) If listed companies evade delisting and conduct insider trading, investors will suffer heavy losses. A good delisting system is the guarantee to maintain the healthy development of the market.
3. If PT Company can turn losses into profits, it can apply to resume listing.
First, how to look at the company's profit or loss? Analyze the assets and liabilities in the financial statements to see whether the income statement is profitable and whether the cash flow is increasing.
1. Check the balance sheet: assets and liabilities = owner's equity, and check whether the owner's equity has increased. If the owner's equity increases, the stock price is expected to rise.
In addition, you can also view accounts receivable or inventory. Too many accounts receivable will have a credit impact; If an enterprise makes a profit by selling its inventory, its market prospect is not optimistic.
2. Check the income statement. The operating profit in the income statement reflects the daily operating ability, with positive numbers indicating profit and negative numbers indicating loss. The income statement should be compared with the past.
3. Looking up the company's cash flow statement, it is found that enterprises with a large proportion of cash inflow from operating activities have better operating conditions, lower financial risks and more reasonable cash inflow structure. The greater the net cash flow generated by fund-raising activities, the greater the debt repayment pressure faced by enterprises.
What are the reasons for the loss of listed companies' annual reports?
1. Loss caused by providing goodwill
If the loss of listed companies' annual report is not caused by poor normal business activities, but by the loss caused by the provision of goodwill, then the future of listed companies is still promising and profits may return to the track of positive growth.
2. Continuous losses
If the annual report of a listed company loses money continuously, according to relevant regulations, if the audited net profit of the listed company is negative for three consecutive fiscal years, it will be suspended from listing or delisted.
3. Losses caused by unexpected circumstances
Some listed companies' annual report losses are caused by unexpected circumstances, which may not occur frequently in the future, and their daily operations will continue normally, so there are still investment opportunities.