1. It has been making profits continuously in the last two years, and its average annual net profit is not less than 2 million yuan (based on the lower before and after deducting non-recurring gains and losses); The weighted average return on equity in the last two years is not less than 1% on average (based on the lower before and after deducting non-recurring gains and losses).
2. The operating income has increased continuously in the last two years, and the compound annual growth rate is not less than 5%; The average operating income in the last two years is not less than 4 million yuan; The share capital shall be no less than 2 million shares.
3. The average market value of 6 recent market-making transfer days is not less than 6 million yuan; Shareholders' equity at the end of the latest year is not less than 5 million yuan; The number of market makers shall be no less than 6; There shall be no less than 5 qualified investors.
the third board market originated from the "equity agency transfer system" in 21, and it was the first to undertake two-network companies and delisting companies, which was called the "old third board". In 26, the unlisted joint-stock company of Zhongguancun Science Park entered the agency transfer system to transfer its shares, which was called the "New Third Board". With the gradual improvement of the New Third Board market, China will gradually form a multi-level capital market system including the main board, the Growth Enterprise Market, the OTC trading network and the property rights market.
the first board market usually refers to the main board market (including small and medium-sized board), and the second board market refers to the growth enterprise market. Compared with the first board market and the second board market, some people in the industry call the OTC market the third board market. The development of the third board market includes two stages: the old third board market (hereinafter referred to as "the third board") and the new third board market (hereinafter referred to as "the third board"). The third board is the "agent share transfer system" established on July 16, 21; The "New Third Board" is based on the "Old Third Board".
listing conditions
listing conditions of the New Third Board:
1. Meet the conditions that the New Third Board has existed for two years. (The overall restructuring of a limited company can be calculated continuously);
2. The main business of the New Third Board is outstanding, with a record of continuous operation; Conditions that must be met.
3. The listed companies of the New Third Board have a sound governance structure and standardized operating conditions;
4. The issuance and transfer of shares of companies listed on the New Third Board are legal and compliant;
5. The registered address of the new third board listed company is in the pilot national high-tech park;
6. The local government issued a letter of confirmation on the qualification of the pilot listing of the New Third Board.
The listing of the New Third Board needs to meet the following requirements:
1. Main qualification listing requirements: The listed companies of the New Third Board must be unlisted joint-stock companies.
2. Operating life requirements: the duration must be two years.
3. Profitability requirements of listed companies on the New Third Board: they must have stable and sustainable operation ability.
4. Asset requirements: unlimited.
5. main business requirements: the main business must be prominent.
6. Growth and innovation ability requirements: Zhongguancun high-tech enterprises will gradually expand the pilot scope to other national high-tech industrial development zones.
Agency role
The role of listing on the New Third Board:
1. Financial support for companies listed on the New Third Board: Enterprises can enjoy park and government subsidies according to different regional parks and government policies.
2. Convenient financing for companies listed on the New Third Board: After the company is listed, it can implement private placement of shares to improve the company's credit rating and help enterprises to raise funds faster.
3. Wealth appreciation of listed companies in the New Third Board: the shares of enterprises and shareholders can be circulated at higher prices in the capital market to realize asset appreciation.
4. Share transfer of listed companies in the New Third Board: Shareholders' shares can be legally transferred, which improves the liquidity of shares.
5. the new third board listed companies are listed on the board: once the board transfer mechanism is determined, the company can enjoy the "green channel" first.
6. Corporate development of companies listed on the New Third Board: it is conducive to improving the company's capital structure and promoting the company's standardized development.
7. The publicity effect of the listed companies in the New Third Board: establish the company brand and improve the visibility of the company.
changes of the New Third Board
1. Listed companies of the New Third Board must be high-tech park enterprises in Beijing, Shanghai, Tianjin and Wuhan.
2. The net profit of the companies listed on the New Third Board should be above 1 million.
3. It's better for the companies listed on the New Third Board to have their own invention patents, and it's better for them to be new companies with two majors and six majors.
4. Companies listed in Zhongguancun, Beijing are called New Third Board listed companies. The companies listed on the New Third Board in Wuhan, Tianjin and Shanghai are called OTC markets.