Is it good or bad to postpone the announcement of listed companies' performance?

In the stock market, the delayed announcement of listed companies' performance can not have an effective positive or negative impact on stocks.

However, if the delay in the performance announcement of a listed company is due to the rectification of the listed company's shares by the regulatory authorities or the risk warning that its shares will be delisted soon,

These reasons are likely to have a negative impact on the stock. However, if it is due to neutral factors such as the expected completion time of preparatory work later than expected or the recent acquisition of projects by listed companies, it will not have a great impact on the stock.

A listed company is a joint stock limited company, which must meet certain conditions besides being allowed to trade on the stock exchange. After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded.

listing requirement

1. Shares approved by the securities regulatory authority of the State Council for public offering. listed company

2. The total share capital of the company is not less than RMB 30 million.

3. It has been in business for more than three years and has been making profits continuously in the last three years; If the original state-owned enterprise is established after being rebuilt according to law, or if it is newly established after the implementation of this law, and its main sponsors are large and medium-sized state-owned enterprises, it can be counted continuously.

4. The number of shareholders holding shares with a face value of more than RMB 1000 yuan is not less than 1000, and the shares publicly issued to the public account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of its shares issued to the public is more than 10%.

5. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.

Listing procedure

Company listing procedure

According to the relevant provisions of the Securities Law and the Company Law, the procedures for listing a joint stock limited company are as follows:

1. Apply to the securities regulatory agency for stock listing.

A joint stock limited company's application for stock listing must be approved by the the State Council Securities Regulatory Authority. The securities regulatory department may authorize the stock exchange to approve the company's stock listing application according to legal conditions and procedures.

2. Accept the approval of the securities regulatory authorities.

The securities supervision and administration department shall examine the materials submitted by a joint stock limited company for listing, and approve them if they meet the requirements; Do not meet the conditions, be rejected; If the required documents are missing, they may be required to complete them within a time limit; If payment is not expected, the application will be rejected.

3. Apply to the Listing Committee of the Stock Exchange for listing.

After the stock listing application is approved by the securities regulatory body, the approval documents and the following documents shall be submitted to the stock exchange:

1, listing report;

2. Resolution of the shareholders' meeting applying for listing;

3. Articles of association;

4. Business license of the company;

5. The financial and accounting reports of the company in the last three years or since its establishment verified by a statutory verification institution;

6. Legal opinions and letters of recommendation of the securities company;

7. The latest prospectus;

8. Other documents required by the stock exchange.