For different companies with different specific circumstances, the time from restructuring to issuance and listing should depend on the specific circumstances, and the overall time is more than one year. Under normal circumstances, the approximate time for each stage is: from planning the restructuring to establishing a joint-stock company, it takes about 6 months. The time for the overall change of a standardized limited liability company to a joint-stock company can be shortened; sponsors and other intermediaries conduct due diligence It takes about 3 to 4 months to prepare application documents; in theory it takes about 3 to 4 months from the review by the China Securities Regulatory Commission to the issuance and listing, but the actual operation time is often about 10 months. However, it can be seen from the above that the preparation time for listing varies from company to company, and it is difficult to make a general statement. Sometimes it also has a lot to do with the personality characteristics of the company's top leaders and the professionalism of the intermediary agency. In practice, it is very fast to apply for a listing within one year. , there are many situations that require three to five years of preparation, and this does not take into account the impact of policy factors such as the CSRC’s suspension of acceptance or restrictions on special industries during the period.