The leading listed companies of optical reflective films are: Changyang Technology: The company produces optical reflective films with the largest market share in the world. According to news on October 8, the leader of optical reflective films, Changyang Technology’s stock price fell 9.72% within 7 days, with the latest price at 26.76 yuan, with a transaction volume of 112 million yuan.
: The so-called unlisted enterprises refer to joint-stock companies whose stocks are not listed and not traded on the stock exchange. A listed company is a type of joint stock limited company. In addition to being approved for listing on a stock exchange, such a company must also meet certain conditions.
A listed company is a specific component of a joint-stock company. It publicly issues stocks, reaches a considerable scale, and has its stocks entered into the centralized securities trading market for trading after being approved in accordance with the law. A joint stock company that applies for listing and trading of its shares must submit relevant documents to the stock exchange. The stock exchange shall decide whether to accept its stocks for listing and trading in accordance with the provisions of this Law and relevant laws and administrative regulations.
According to the provisions of Article 50 of my country's Securities Law, a joint-stock company applying for the listing of its stocks must meet the following conditions:
1. The stocks have been approved by the securities regulatory authority of the State Council and have been made public. Issuance;
2. The company’s total share capital is not less than RMB 30 million;
3. The publicly issued shares account for more than 25% of the company’s total shares; the company’s total share capital exceeds RMB 4 100 million yuan, the proportion of publicly issued shares is more than 10%;
4. The company has no major illegal activities in the past three years, and the financial accounting report has no false records;
5. Securities The exchange may stipulate conditions higher than those specified in the preceding paragraph and submit them to the securities regulatory authority of the State Council for approval.
6. Listed companies must regularly disclose their financial status and operating conditions in accordance with the provisions of laws and administrative regulations, and publish financial accounting reports half a year within each fiscal year. The above conditions are to ensure that listed companies have high quality, large scale, reasonable distribution of equity, can form a certain trading volume, and form a good reputation among investors.
The revision of the "Company Law" and "Securities Law" will help more companies become listed companies and companies with corporate bonds listed and traded. Article 50 of the "Securities Law" stipulates: When "a joint-stock company applies for stock listing," one of the conditions it must meet is that "the company's total share capital is not less than RMB 30 million." Compared with the original 50 million yuan, the threshold for small and medium-sized enterprises to become listed companies has been significantly lowered.