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 has been no significant change in the company's understanding and management 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.
Legal basis: Article 15 of the Securities Law of People's Republic of China (PRC) shall meet the following conditions for public issuance of corporate bonds:
(1) Having a sound organizational structure;
(2) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;
(3) Other conditions stipulated by the State Council.
The funds raised by the public offering of corporate bonds must be used for the purposes listed in the Measures for Raising Corporate Bonds; Any change in the use of funds must be decided by the bondholders' meeting. The funds raised from the public offering of corporate bonds shall not be used to cover losses and unproductive expenditures.
When a listed company issues corporate bonds that can be converted into shares, it shall comply with the provisions of the second paragraph of Article 12 of this Law in addition to the conditions stipulated in the first paragraph. However, according to the way of raising corporate bonds, unless a listed company converts corporate bonds by buying its own shares.