There are mainly the following points:
1. Listed companies have stricter requirements for financial disclosure than unlisted joint-stock companies.
2. The stocks of listed companies can be listed on the stock exchange and traded freely (all or part, each country has different systems), while the stocks of unlisted companies cannot be traded on the stock exchange.
3. The accountability systems of listed companies and unlisted companies are different.
4. The conditions for listing a listed company are: the company has been established for more than 3 years; Its total share capital is more than 30 million yuan; The number of shareholders with a holding value of more than 65,438+0,000 yuan shall not be less than 65,438+0,000.
Finally, listed companies can get the right to integrate social resources (such as public issuance of shares), while non-listed companies do not have this right.
A listed company is a joint-stock limited liability company, which has the general characteristics of a joint-stock limited company, such as shareholders' limited liability, ownership and management rights. Shareholders participate in company decision-making by electing the board of directors and voting.
Compared with ordinary companies, the biggest feature of listed companies is that they can use the securities market to raise funds and widely absorb social idle funds, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products. Therefore, after a joint stock limited company develops to a certain scale, it often takes the public listing of its shares on the exchange as an important strategic step for its development. From the international experience, almost all the world-famous large enterprises are listed companies. For example, 95% of the top 500 companies in the United States are listed companies.
First of all: a listed company is also a company and a part of it. From this perspective, companies can be divided into listed companies and unlisted companies.
Secondly, listed companies divide the company's assets into several shares and trade them in the securities trading market. Everyone can buy shares in this company and become a shareholder in this company. Listing is an important channel for company financing. Shares of unlisted companies cannot be traded in the stock exchange market (note: all companies have a share ratio: state investment, personal investment, bank loans, venture capital). Listed companies need to regularly disclose their assets, transactions, annual reports and other related information to the public, while non-listed companies do not.
Finally, in terms of profitability, we can't absolutely say who is good and who is bad. Listing does not mean how strong the profitability is, and not listing does not mean that there is no profitability. Of course, companies with strong profitability will be more sought after when they go public.