I. About Jiangsu Hualan Pharmaceutical New Materials Co., Ltd.
Jiangsu Hualan Pharmaceutical New Materials Co., Ltd. is located atNo. Lu Cheng Road 1488, Shengang Town, Lingang New City, Jiangyin City, Jiangsu Province, and was established at 1992. In September, 20021,the CSRC agreed to the initial public offering of the company's Growth Enterprise Market in accordance with legal procedures. Therefore, the company's development prospects are still relatively good and its potential is relatively deep. The business scope includes the production of rubber bottle stoppers, polypropylene combined caps and connectors for plastic infusion containers, low-density polyethylene solid medical films, technical development of new medical packaging materials and technical consultation of technology transfer. Projects that need to be examined and approved according to law can only carry out business activities after being approved by relevant departments. Then the company's strength is also relatively strong.
Second, the listing conditions
Many companies will choose to go public at a certain stage of development, so listing also requires certain conditions. Listing means that stocks can enter the stock exchange for trading. So if you want to go public, it will generally include the number of shares held by the public, the number of shareholders, and the financial statements published in at least a few years. Different stock exchanges have different requirements. Moreover, the company should have a complete business system and the ability to directly face the market and operate independently. Assets should also be very complete, and personnel and finance should be independent. The most important thing is that the accumulated net profit in the first three years of issuance must exceed 30 million, and the accumulated net operating cash flow in the first three years of issuance must exceed 50 million. The issuer's main business and senior management of directors have not changed significantly in the last three years, the actual controller has not changed, and other conditions have not changed.
To sum up, it is very difficult for a company to go public, and there are many conditions to meet, and the conditions of different stock exchanges are different, so the company must be very capable to go public, so the listing of Hualan shares shows that the company is very powerful.