Legal analysis: (1) The stock has been approved by the securities management department of the State Council and has been publicly issued to the public; (2) The total share capital of the company is not less than 50 million yuan; (3) State-owned enterprises that have been in business for more than three years and have made continuous profits in the last three years are established according to law, or newly established after the implementation of this Law, and their main sponsors are large and medium-sized state-owned enterprises. Can be calculated continuously. (4) The number of shareholders holding shares with a face value of more than RMB 65,438+0,000 is not less than 65,438+0,000, and the shares publicly issued to the public account for more than 25% of the total shares of the company. If the company's total share capital exceeds 400 million yuan, the proportion of shares issued to the public exceeds 65,438+0.5%. (5) The company has no major illegal acts and no financial and accounting reports in the last three years.
Legal basis: Article 120 of the Company Law of People's Republic of China (PRC) The listed company mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on the stock exchange.