Three, the opening time is more than 3 years, and the last 3 years of continuous profit; If the original state-owned enterprise is established after being rebuilt according to law, or if it is newly established after the implementation of the Company Law, and its main sponsors are large and medium-sized state-owned enterprises, it 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 share capital exceeds 400 million yuan, the proportion of its shares issued to the public is more than 15%;
Five, the company has no major illegal acts in the last three years, and there is no false record in the financial accounting report;
Six, other conditions stipulated by the State Council;
Second, which one is listed? Which one to choose for listing? What are the specific benefits?
(used when meeting in the afternoon) Good afternoon.
The benefits of listing a company are as follows:
1. It is easier for listed companies to obtain bank loans.
Enterprises can establish relatively perfect internal control system, standardized financial system and continuous information disclosure mechanism. These methods are helpful to the transparency of enterprise information and can reduce the loan risk of banks to some extent. If the collateral is suitable, the enterprise can get loan support from the bank in a short time.
2. Wealth effect
After an enterprise is listed in the quotation transfer system, the enterprise value is maximized, which can bring wealth effect to shareholders.
3, can improve the level of corporate governance and standardized operation.
After the reorganization, due diligence and audit by the sponsoring brokers, lawyers and accountants, listed companies can operate normally, and the information disclosure mechanism of the quotation transfer system can improve the corporate governance level of listed companies. Lay a good foundation for corporate governance and internal control for the company's listing on the main board in the future.
4. Advertising effect
The information of listed companies revealed by the quotation system of Shenzhen Stock Exchange can play a good advertising effect, establish a good public image of the company and increase brand value.
3. What are the benefits of listing on the New Third Board?
Ten Benefits of Enterprises Listing on the New Third Board
1, transfer to IPO
To discuss the benefits of listing on the New Third Board, we have to mention IPO. For entrepreneurs with listing dreams, this is the greatest attraction and the greatest value to the enterprise. Now the authority in charge of the New Third Board has been changed from China Securities Association to China.
Although the specific rules for the IPO transfer of the New Third Board listed companies have not yet come out, it is very clear that they should establish a transfer mechanism to provide a green channel for the IPO transfer of the New Third Board listed companies. It is precisely because of the emphasis on the IPO of the transfer board that when we design the listing plan of the New Third Board for enterprises, we list it as a key concern together with financing and private placement.
2. Wealth appreciation
Before the listing of the New Third Board, how much the enterprise is worth is not fair. However, after the company goes public, the market will give the company a valuation and there will be a price-earnings ratio. Now the average price-earnings ratio of the New Third Board is around 18 times. Why are all the people on the rich list so rich? This is because the value of the assets they own has been magnified. Zoom in on what It is the price-earnings ratio of the capital market.
Step 3 attract investors
One of the biggest difficulties for small and medium-sized enterprises is financing, and the first difficulty encountered in financing is how to attract and contact investors. After the listing of the New Third Board, enterprises have increased exposure opportunities and more opportunities to attract investors' attention. Moreover, as an unlisted public company, a lot of information is public. Your information was exposed and supervised by the public. Will investors doubt you easily? At least your trust is much higher than that of non-public companies.
The current situation is that many PEs have included the new three-board enterprises in the project source. Once they see the opportunity, they will act. You don't even have to wait for the listing. Some enterprises get investment from investors because they want to go public before listing. In this case, the enterprise can obtain funds earlier, and the price for investors to enter the enterprise is lower, which is beneficial to both sides.
4. Value realization
Business owners need to borrow money before listing, and when they need money after listing, they only need to sell part of their shares. After the implementation of the market maker system in August, this kind of transaction will become more and more convenient. Because of the price-earnings ratio, you will get a big premium when trading.
In addition, the New Third Board also facilitates the withdrawal of the original shareholders. Partners and employees can easily sell their shares in the market and realize a premium exit. Of course, the premise is that the sales restriction period has passed.
5. Property rights financing
Financing methods can be divided into debt financing and equity financing, both of which have their own characteristics and advantages. Equity financing does not need to provide collateral, and the melted money does not need to be returned. And usually at the same time of financing, you can also finance resources. After the New Third Board, when enterprises need financing, they only need to transfer part of their equity. How to carry out financing after listing is one of the key issues we pay attention to when designing the listing scheme of the New Third Board for enterprises.
6. Direct sales when issuing bonds
Equity transfer financing uses the original equity of shareholders and belongs to stocks. If shareholders do not want to use this method, they can also issue additional shares. Private placement is a financing behavior for a specific object, using increments. The original shareholders don't have to sell shares, but the shares will be diluted.
Equity transfer is generally accompanied by the substantial dilution of the original shareholder's equity or the withdrawal of the original shareholder. Before and after the transfer, the overall plate of the enterprise remained basically unchanged. But private placement is to add new shareholders without changing the original shareholders. No one can take the money invested, but it must be invested in the enterprise. At this time, the overall plate of the enterprise has increased.
7. Increase credit.
The company's successful listing of the New Third Board is a very positive signal. Banks are very willing to increase credit and provide loans for such enterprises, because they are also facing fierce competition, and this competition will intensify in the future.
8. Equity pledge
After some enterprises are listed on the New Third Board, banks will look for them and say that they can provide loans because their shares can be pledged.
9. Brand effect
After listing the New Third Board, it will become an unlisted public company, and the company will get a 6-digit listing code starting with 4 or 8 and a company abbreviation. In the future, a lot of information of enterprises should be made public. But at the same time, the influence and popularity of enterprises are also expanding.
10, standardized governance
In order to be listed on the New Third Board, enterprises need to carry out shareholding system reform and build a standardized modern governance structure. Problems left over from enterprise history are not standardized, and they should be dealt with and solved.
Fourth, which one is listed? Which one to choose for listing? What are the specific benefits?
Chengdu Shangyoudao Industrial Co., Ltd. handles electronic boards for you.
1. It is easier for listed companies to obtain bank loans.
Enterprises can establish relatively perfect internal control system, standardized financial system and continuous information disclosure mechanism. These methods are helpful to the transparency of enterprise information and can reduce the loan risk of banks to some extent. If the collateral is suitable, the enterprise can get loan support from the bank in a short time.
2. Wealth effect
After an enterprise is listed in the quotation transfer system, the enterprise value is maximized, which can bring wealth effect to shareholders.
3, can improve the level of corporate governance and standardized operation.
After the reorganization, due diligence and audit by the sponsoring brokers, lawyers and accountants, listed companies can operate normally, and the information disclosure mechanism of the quotation transfer system can improve the corporate governance level of listed companies. Lay a good foundation for corporate governance and internal control for the company's listing on the main board in the future.
4. Advertising effect
The information of listed companies revealed by the quotation system of Shenzhen Stock Exchange can play a good advertising effect, establish a good public image of the company and increase brand value.