(2) The company has been making profits continuously for the last three years and can pay dividends to shareholders (the company is not subject to this restriction when distributing new shares based on the profits of the current year);
(3) There are no false records in the company's financial documents in the last three years;
(4) The expected profit rate of the company can reach the bank deposit interest rate in the same period.
In addition, a listed company applying for issuing new shares shall meet the following specific requirements:
(1) It has a sound corporate governance structure and is separated from the legal person or other organization and other affiliated enterprises that have actual control over it in terms of personnel, assets and finance, so as to ensure the personnel and financial independence and asset integrity of the listed company;
(2) The articles of association of the company comply with the provisions of the Company Law and the Guidelines for the Articles of Association of Listed Companies;
(3) The notice, convening method, voting method and resolution of the shareholders' meeting are in compliance with the Company Law and relevant regulations;
(4) The use of the funds raised in this issuance conforms to the provisions of the national industrial policy. At present, except for financial listed companies, the raised funds may not be invested in financial institutions such as commercial banks and securities companies;
(5) In principle, the amount of funds raised by this initial public offering shall not exceed the amount of funds required for the proposed investment project approved by the company's general meeting of shareholders;
(6) There is no situation that funds and assets are occupied by individuals, legal persons or other organizations with actual control rights and their affiliates, or other major related transactions that harm the interests of the company;
(seven) the company has a major purchase or sale of assets, it shall comply with the relevant provisions of the China Securities Regulatory Commission;
(eight) other requirements stipulated by the China Securities Regulatory Commission.
Legal basis: Measures for the Administration of Initial Public Offerings of Listed Companies
Article 8 A listed company applying for issuing new shares shall meet the conditions stipulated in the Company Law and the Securities Law.
Article 9 To apply for issuing new shares, a listed company shall also meet the following specific conditions:
(1) It has a sound corporate governance structure and is separated from the legal person or other organization and other affiliated enterprises that have actual control over it in terms of personnel, assets and finance, so as to ensure the personnel and financial independence and asset integrity of the listed company;
(2) The articles of association of the company comply with the provisions of the Company Law and the Guidelines for the Articles of Association of Listed Companies;
(3) The notice, convening method, voting method and resolution of the shareholders' meeting are in compliance with the Company Law and relevant regulations;
(4) The use of the funds raised by this new share issue conforms to the provisions of the national industrial policy;
(5) In principle, the amount of funds raised by this initial public offering shall not exceed the amount of funds required for the proposed investment project approved by the company's general meeting of shareholders;
(6) There is no situation that funds and assets are occupied by individuals, legal persons or other organizations with actual control rights and their affiliates, or other major related transactions that harm the interests of the company;
(seven) the company has a major purchase or sale of assets, it shall comply with the relevant provisions of the China Securities Regulatory Commission;
(eight) other requirements stipulated by the China Securities Regulatory Commission.
Article 10 The China Securities Regulatory Commission shall not approve the issuance application of a listed company under any of the following circumstances:
(a) there have been major violations of laws and regulations in the last 3 years;
(2) changing the use of the raised funds listed in the prospectus without authorization, or without the approval of the shareholders' meeting;
(3) The financial and accounting documents of the company in the last three years contain false records, misleading statements or major omissions; There are false records, misleading statements or major omissions in the financial accounting information of the assets that entered the company at the time of reorganization and the financial accounting information after reorganization;
(4) The prospectus contains false records, misleading statements or major omissions;
(5) The act of providing guarantee for the debts of shareholders, their subsidiaries or individuals;
(six) other circumstances identified by the China Securities Regulatory Commission.