An analysis of the reasons why GEM did not meet.

The reasons for the failure of the audit of enterprises preparing to go to GEM.

1. profitability 1. Insufficient growth (Shanghai whimsy)

2. Decline in net profit (Evergrande High-tech and Sailun shares)

3. Over-reliance on taxes (Yintai, Nanjing Panneng)

4. Over-reliance on related party transactions (Ande Logistics)

2. Equity defect 1. Changes in Equity (Tianjin Sanying Welding Industry)

2. Composite Equity (Shanghai Tongji Tong Jie)

3. Excessive concentration of equity (Evergrande High-tech)

4. The equity is too scattered (Salem shares)

5. The controller controls a number of listed companies (Ande Logistics, Fuxing Cheng Xiao and Sailun).

Three. Industry prospect 1. The cost of raw materials is relatively high (Sanying welding industry)

2. Macroeconomic policy impact (Sailun shares)

3. The prospects of fundraising projects are uncertain (Fuxing Cheng Xiao, Aerospace Biology, Anhui Sanglejin)

4. The characteristics of GEM are not significant 1. Does not meet the requirements of Growth Enterprise Market (Nanjing Panneng)

2. The overall plate of the enterprise is relatively large, and it is very large (Sailun shares)

3. Do not meet the three highs and six new (Yintai)

4. Good performance, performance is not bad money (revival of Cheng Xiao)