First, the parent company is a listed company: when the parent company is a listed company or the listed company itself, it can truly reflect the profitability of the listed company. All submitted reports are consolidated reports, including data of branches and parent companies (intra-group transactions have been offset. ) It is the consolidated statements that can represent the operation of listed companies, which eliminates the influence of intra-group transactions on the statements. Because a large number of companies used to adjust their profits by inflating their income through internal exchange.
Second, the subsidiary is a listed company: when the listed company is a subsidiary, it has a controlling relationship with the parent company. Generally, the parent company does not directly control its subsidiaries, but affects its production and operation activities by appointing and dismissing board members and making investment decisions. Although subsidiaries are actually controlled by the parent company, restricted and managed by the parent company in many aspects, and some of them are actually similar to the branches of the parent company, legally speaking, subsidiaries belong to separate legal persons, engage in business activities in their own names and bear civil liabilities alone.
Subsidiaries have their own articles of association, board of directors and other corporate decision-making bodies. A subsidiary has its own separate property, and the property it actually occupies and uses belongs to the subsidiary and has its own balance sheet.
: 1. A listed company refers to a joint stock limited company whose publicly issued shares are listed and traded on the stock exchange with the approval of the securities administration department authorized by the State Council or the State Council. A listed company is a company limited by shares. The listing of such companies on the stock exchange is conducive to more enterprises becoming listed companies and companies trading corporate bonds. Listing is the development of the company to a certain extent, and listing is a good way to absorb funds. The company puts some shares on the market.
2. The parent company refers to a company that owns more than a certain proportion of shares of another company or can actually control another company through agreement. Having the qualification of a legal person and being able to bear civil liability independently. Subsidiary is a legal concept corresponding to the parent company, which refers to a company whose shares are held by another company or actually controlled by another company through an agreement. A subsidiary company has the status of a legal person and can bear civil liability independently.