What are the IPO conditions of GEM? The net profit in recent two years is not less than 6,543,800+million.

Growth enterprise market is a market with relatively loose requirements for A-share listing, and the requirements for the listed companies in terms of establishment time, capital scale and medium-and long-term performance are relatively low. GEM has a low listing threshold, mainly to help potential small and medium-sized enterprises obtain financing opportunities. So what are the specific IPO conditions of GEM? Let's introduce it today.

The conditions for listing on the Growth Enterprise Market are based on the Administrative Measures for Initial Public Offering and Listing on the Growth Enterprise Market adopted by the CSRC on 20 14, and revised by the CSRC on February 20 15. There are five important requirements:

First, the operating time requirements

The continuous operation time is more than 3 years (if the limited company is changed into a joint-stock company as a whole, it can be calculated continuously)

Second, the profit requirements

2 years of continuous profit, 2 years of accumulated net profit of not less than 6.5438+million yuan, and continued to grow. Or make a profit in one year, and the net profit is not less than 5 million yuan, the annual operating income is not less than 50 million yuan, and the growth rate of operating income in two years is not less than 30%. Net profit is calculated at the lower before and after deducting non-recurring gains and losses.

Three. Requirements for sustainable profitability

There is no circumstance that affects the company's sustainable profitability:

1. The business model and product or service product structure have undergone or will undergo major changes;

2. Significant changes have taken place or will take place in the industry status or business environment;

3. There is a risk of major adverse changes in important assets or technologies such as trademarks, patents, proprietary technologies and franchise rights;

4. One-year operating income or net profit is heavily dependent on related parties or customers with significant uncertainties;

5. The net profit of the past year mainly comes from the expected return on investment outside the scope of the consolidated financial statements.

Four. Capital stock requirements

The total share capital after issuance shall not be less than 30 million yuan.

Verb (verb's abbreviation) Asset-liability structure requirements

The asset-liability structure is reasonable, and the asset-liability ratio does not exceed 70%.

Summary: The above is related to the IPO conditions of GEM. The most important thing of GEM IPO is the profit requirement, which small and medium-sized enterprises must meet if they want to list on GEM.