What is *ST?

What does *st mean?

This is the symbol of the stock in front of different periods, and the differences between them are as follows:

ST- Company suffered losses for two consecutive years, so it was given special treatment.

* ST- the company has suffered losses for three consecutive years and has been delisted.

S * ST- the company has suffered losses for three consecutive years, and the delisting warning+the share reform has not been completed.

SST-The company has suffered losses for two consecutive years, and the share reform has not been completed.

1, the stock is ST: (1) The audit results of the latest fiscal year show that its shareholders' equity is negative;

(2) The financial and accounting report of the most recent fiscal year is an audit report issued by a certified public accountant that cannot express opinions or negative opinions; (3) The audit results of the company that applied for and was allowed to cancel the delisting risk warning or the company that applied for and was allowed to resume listing in the latest fiscal year show that the main business is not operating normally or the net profit after deducting non-recurring gains and losses is negative;

(4) The company's production and operation activities have been seriously affected, and it is expected that it will not return to normal within three months;

(5) The company's main bank account number is frozen;

(VI) The board of directors of the company is unable to hold a meeting normally and form a resolution of the board of directors;

(seven) the company provides funds or external guarantees to the controlling shareholder or its related parties in violation of the prescribed procedures, and the circumstances are serious;

(8) Other circumstances identified by the China Securities Regulatory Commission or this Exchange.

2. Stock *ST:

(1) consecutive losses in the last two years (based on the audited net profit of the current year disclosed in the annual report of the last two years);

(2) Due to major accounting errors or false records in the financial accounting report, the company took the initiative to correct or was ordered by the China Securities Regulatory Commission to retroactively adjust the previous financial accounting report, resulting in continuous losses in the last two years;

(3) The company's stock has been suspended for two months due to major accounting errors or false records in the financial accounting report, which was ordered by the China Securities Regulatory Commission to make corrections but failed to make corrections within the prescribed time limit;

(4) Failing to disclose the annual report or interim report within the statutory time limit, and the company's shares have been suspended for two months;

(5) Because the equity distribution does not meet the listing requirements, the company proposes a solution to the equity distribution problem within the prescribed time limit, which will be implemented after being approved by this Exchange;

(6) The court accepts the application for reorganization, reconciliation or bankruptcy liquidation of the company according to law;

(7) circumstances that may lead to the dissolution of the company; (8) Other circumstances in which there is a risk of delisting.

How many years have you taken off your hat?

If the listed company's financial situation has returned to normal in recent years, the audit results show that the abnormal financial situation has been eliminated, the company is operating normally, and the company's net profit is still positive after deducting non-recurring gains and losses, the company may apply to the exchange for cancellation of special treatment. Before the revocation of the special stock code, there is no longer the ST mark, which is commonly known as "taking off the hat".

ST listed companies need to meet the following conditions before they can take off their hats:

1, the annual report must be profitable;

2. The shareholders' equity in the latest fiscal year is positive, that is, the net assets per share are positive, and the net assets per share must exceed 65,438+0 yuan;

3. The latest annual report shows that the company's main business is operating normally, and the net profit after deducting non-recurring gains and losses is positive;

4. The financial report of the latest fiscal year has not been issued by an accounting firm with an audit report that cannot express opinions or negative opinions;

5, no major accounting errors and false statements, not rectification within the time limit ordered by the CSRC;

6. There are no major issues that seriously affect the company's production and operation, and major bank accounts have not been frozen, dissolved or bankrupt.