2. Corporate governance: the issuer has established and improved the system of shareholders' meeting, board of directors, board of supervisors, independent directors and secretary of the board of directors according to law, and relevant institutions and personnel can perform their duties according to law; The directors, supervisors and senior managers of the issuer meet the qualifications prescribed by laws, administrative regulations and rules; The directors, supervisors and senior managers of the issuer have understood the laws and regulations related to the stock issuance and listing, and know the legal obligations and responsibilities of the listed company and its directors, supervisors and senior managers; The internal control system is sound and effectively implemented, which can reasonably ensure the reliability of financial reports, the legitimacy of production and operation, and the efficiency and effect of operation.
3. Independence: it should have a complete business system and the ability to operate independently directly facing the market; Assets should be complete; Personnel, finance, institutions and business must be independent.
4. Horizontal competition: There is no horizontal competition with the controlling shareholder, actual controller and other enterprises controlled by them; After the implementation of the raised funds investment project, there is no horizontal competition.
5. Related party transactions: There are no obviously unfair related party transactions with the controlling shareholders, actual controllers and other enterprises controlled by them; The relationship between related parties should be fully disclosed, and related party transactions should be appropriately disclosed according to the principle of materiality. The price of related party transactions is fair, and there is no manipulation of profits through related party transactions.
6. Financial requirements: the accumulated net profit in the first three years of issuance exceeds 30 million yuan; Accumulated net operating cash flow exceeds RMB 50 million or accumulated operating income exceeds RMB 300 million in the three years before issuance; The proportion of intangible assets to net assets shall not exceed 20%; There are no false records in the financial reports in the past three years.
7. Share capital and public shareholding: not less than 30 million shares before issuance; The total share capital of a listed joint-stock company is not less than 50 million yuan; Public shareholding is at least 25%; If the total number of shares at the time of issuance exceeds 400 million shares, the issuance ratio may be reduced, but it shall not be less than10%; The issuer's equity is clear, and there is no major ownership dispute between the controlling shareholder and its controlling shareholder and the actual controller.
8. Other requirements: the issuer's main business, directors and senior management personnel have not changed significantly in the last three years, and the actual controller has not changed; The registered capital of the issuer has been paid in full, the procedures for the transfer of property rights of assets contributed by the promoters or shareholders have been completed, and there is no major ownership dispute over the issuer's main assets; The production and operation of the issuer conform to the provisions of laws, administrative regulations and the articles of association of the company, and conform to the national industrial policy; There has been no major illegal act in the last three years.
Shanghai Stock Exchange is one of the two stock exchanges in Chinese mainland, located in Pudong New Area. Shanghai Stock Exchange was established on 1990,165438+1October 26th, and officially opened on February 9th of the same year. By the end of 2009, there were 870 listed companies in Shanghai Stock Exchange, with listed securities of 135 1 and total stock market value of 1846523 million yuan. A large number of pillar enterprises, backbone enterprises, basic industrial enterprises and high-tech enterprises in the national economy have raised development funds through listing and changed their operating mechanisms.