Legal analysis: The basic conditions for a company to go public are: 1. The company meets the listing qualification of joint-stock companies; The company has been in business for more than three years; 2. The company applying for listing has been making profits continuously for nearly three years, and there is no major illegal act, no false record in the financial accounting report, no false capital contribution in the registered capital, and no phenomenon of withdrawing capital contribution; 3. The registered capital of a listed company is at least 30 million yuan, the total amount of the company exceeds 50 million yuan, the publicly issued shares account for more than a quarter of the total shares of the company, the total share capital is at least 400 million yuan, and the publicly issued shares account for more than 65,438+00%; 4. The company's shares are approved by the State Council Securities Company and publicly issued to the public; 5. The company can be listed only after completing the proposed listing plan, improving the company's organizational structure, hiring certified public accountants to complete the audit work, and arranging relevant legal documents by lawyers.
Legal basis: Article 56 of the Securities Law of People's Republic of China (PRC) If a listed company is under any of the following circumstances, the stock exchange shall decide to terminate its stock listing:
(a) the company's total share capital, equity distribution and other changes no longer meet the listing conditions, and still can not meet the listing conditions within the time limit stipulated by the stock exchange;
(2) The company fails to disclose its financial status as required, or makes false records in its financial and accounting reports, and refuses to make corrections.
(3) The company has suffered losses continuously in the last three years, and failed to return to profit in the following year;
(4) The company is dissolved or declared bankrupt.
(5) Other circumstances stipulated in the listing rules of stock exchanges.