1. The issuer is a joint stock limited company established according to law and operated continuously for more than three years;
2. The issuer's net profit in the last three fiscal years is positive and accumulated more than RMB 30 million; Business activities in the past three fiscal years. The accumulated net cash flow exceeds 50 million yuan, or the accumulated operating income in the last three fiscal years exceeds 300 million yuan;
3 the proportion of intangible assets (excluding land use rights, etc.). ) The proportion in the net assets at the end of the latest period shall not exceed 20%;
4. The total share capital before issuance is not less than RMB 30 million;
5. There has been no major change in the company's main business in the last three years;
6. There have been no major changes in the directors and management of the company in the last three years;
7. The actual controller of the company has not changed in the last three years;
8. There have been no major violations in the last three years.
Main board listing, also known as the first board listing, refers to the issuance and listing of venture enterprises in the national main board market. Main board market refers to the traditional securities market, which is the main place for securities issuance, listing and trading in a country or region.
China's main board market has a high listing threshold. Although China's newly revised Securities Law relaxes the listing conditions of companies, reduces the requirement of total share capital from "not less than 50 million yuan" to "not less than 30 million yuan", and cancels the requirement of continuous profit for more than three years, compared with ordinary enterprises, the total assets of venture enterprises are often small, their operations are unstable, their benefits are not outstanding or even losses, and it is difficult to meet the conditions of listing on the main board market.
Extended data:
Basic contents of main board listing
The purpose of local courts: There are many purposes, including raising funds for large and mature companies with profit records.
Main line business: there is no specific regulation, but in fact, the profit of main line business must meet the requirement of minimum profit.
Business records and profit requirements: the total profit in the first three years of listing is 50 million Hong Kong dollars (it must reach 20 million Hong Kong dollars in the latest year and the total profit in the first two years).
Statement of business objectives: there are no relevant regulations, but the applicant must list a general description of future plans and prospects.
Minimum market value: the market value at the time of listing must reach HK$ 654.38 billion.
Minimum public shareholding ratio: 25% (if the market value of the issuer exceeds HK$ 4 billion, the minimum can be reduced to 10%).
Management and ownership of the company: the three-year business record period must be operated under basically the same management and ownership.
Restrictions on the sale of shares by major shareholders: restrictions.
Information disclosure: semi-annual financial report.
Underwriting arrangement: the public offering subscription must be fully underwritten.
Number of shareholders: At the time of listing, there must be at least 65,438+000 shareholders, and each issue of HK$ 654,385+000 million must be held by at least three shareholders.