If you want to be listed on the Science and Technology Innovation Board, you need to meet five major conditions. These five major conditions cover the total number of shares issued, the proportion of publicly issued shares, market value and financial resources. The specific content will also be listed below. Present everyone one by one. 1. The most basic requirements: comply with the issuance conditions stipulated by the China Securities Regulatory Commission

The main responsibility of the China Securities Regulatory Commission is to supervise and manage the national securities and futures markets, and is responsible for formulating and revising laws and regulations on the securities and futures markets, in order to This maintains normal market order.

The China Securities Regulatory Commission has made relevant regulations for companies that want to be listed and issued, which are specifically reflected in the following aspects:

01. The disclosed information must be true: the information disclosed by the issuer Information must be true and must not contain falsehoods or major omissions.

02. The establishment of the entity must be legal: the establishment of the issuer entity must be based on legal basis, and when it is issued and listed, it must also be in a state of legal existence, and the company must be limited by shares. company.

03. The operating time is more than 3 years: After the company is established, the continuous operation time must be more than 3 years.

04. No disputes over assets: This means that the registered capital must be paid in full, and there are no major ownership disputes over the main assets.

05. There are no major changes in the issuer’s main business and senior management during the year: the company’s main business cannot change very significantly, and the company’s directors and senior administrators cannot have very major changes, that is, It is said that the actual controller cannot change.

06. Clear equity: The equity of a listed company must be very clearly presented, and there should be no very significant ownership disputes among shareholders.

2. Total share capital requirement: not less than 30 million yuan

This should be easy to understand, that is, the total amount of shares must not be less than 30 million yuan. Otherwise, it cannot be issued and listed on the Science and Technology Innovation Board.

3. Requirements for publicly offered shares: accounting for more than 25% of the company’s total shares, and at least 10% for shares exceeding 400 million.

If the company wants to issue a listing, then the publicly issued shares It must account for at least 25% of the total number of shares, and if the company's total number exceeds 400 million, then the issued shares must account for at least 10% before it can be issued and listed.

IV. Requirements in terms of market value and financial indicators: at least meet one of the following five conditions

01. When the market value of the shares to be issued and listed is expected to be no less than RMB 1 billion, The net profit in the past two years is positive, and the total profit is not less than 50 million yuan; and if the market value is expected to be not less than 1 billion yuan, in addition to ensuring positive profits within one year, the operating income must also be ensured not to be low. at 100 million yuan.

02. When the market value of the shares to be issued and listed is expected to be no less than RMB 1.5 billion, the operating income in the past year shall not be less than RMB 200 million, and the cumulative investment in research and development in the past three years must account for The proportion of cumulative operating income within 3 years is more than 15%

03. When the market value of the shares to be issued and listed is expected to be no less than RMB 2 billion, the revenue in the past year is no less than 300 million, and the operating activities within 3 years are generated The cumulative net cash flow shall not be less than RMB 100 million.

04. When the market value is expected to be no less than RMB 3 billion, the revenue within one year shall not be less than RMB 300 million.

05. When the market value is expected to be no less than RMB 4 billion, the main business or product needs to be approved by the relevant national departments and has achieved phased results.

5. Meet other listing conditions stipulated by the Shanghai Stock Exchange

If you want to be listed on the Science and Technology Innovation Board, the minimum requirement is 30 million yuan, and there are also relevant regulations and regulations on market value and finance. According to the requirements, as of 2020, only 96 companies have been successfully listed on the Science and Technology Innovation Board. It can be seen that companies that can be listed on the Science and Technology Innovation Board are very powerful at least in terms of technological innovation capabilities.