Whether a listed company has lost money for two consecutive years and is delisted

1. Listed companies will not be delisted if they have lost money for two consecutive years, but there will be a delisting warning, and the exchange will deal with the company.

Second, the listed company has suffered losses for three consecutive years.

1. The exchange may suspend trading on it from the date of its publication of the third annual report and make a decision on whether to suspend the listing.

2. The company is allowed to apply for a one-year grace period within 45 days after the suspension of listing, and if it makes a profit in the first fiscal year during the grace period, the company will be allowed to apply for resumption of listing after the publication of the annual report.

3. If the company does not apply for grace, or the application is not approved, or the annual report is not published within the grace period and the application for resumption of listing is not approved, the listing will be terminated.

1) The main purpose of the delisting system is to improve the quality of listed companies and avoid shoddy situations.

2) The market mechanism can play a regulatory role in the survival of the fittest, so that the order of the market can be stabilized, and investors can return to rationality in investment.

3) If a listed company avoids delisting and engages in insider trading, the loss will be heavy for investors. A good delisting system is the guarantee for the healthy development of the market.

3. If PT Company can turn losses into profits, it can apply for resumption of listing.

Extended information 1. How to see whether the company's profit or loss Analyze the capital and liabilities in the financial statements to see whether the income statement is profitable and whether the cash flow has increased.

1. Check the balance sheet: assets - liabilities = owner's equity, check whether the owner's equity has increased, and the stock price is expected to increase the owner's equity.

In addition, you can check accounts receivable or inventory, etc., too many accounts receivable, there will be credit impact; If a company has to sell inventory to make a profit, then the company's future market is not optimistic.

2. Check the income statement, the operating profit in the income statement reflects the daily operating ability, a positive number indicates a profit, and a negative number indicates a loss. The income statement should be compared with the past.

3. Check the company's cash flow statement, the cash inflow from operating activities accounts for a significant proportion of the total cash inflow, the operating conditions are better, the financial risk is low, and the cash inflow structure is more reasonable. The greater the net cash flow from financing activities, the greater the debt servicing pressure on the enterprise.

What are the reasons for the loss in the annual report of a listed company?

1. Losses caused by the provision of goodwill.

If the loss in the annual report of the listed company is not due to the loss caused by poor normal business activities, but the loss caused by the provision of goodwill, then the future of the listed company is still promising, and the profit may return to the track of positive growth.

2. Continuous losses.

If a listed company loses consecutive losses in its annual report, then according to the relevant regulations, the listed company will be suspended from listing or delisted if its audited net profit is negative for three consecutive fiscal years.

3. Losses caused by unexpected circumstances.

The loss of some listed companies in their annual reports is caused by sudden circumstances, and may not occur often in the future, and the daily operation will continue normally, so there are still investment opportunities.

No. From the occurrence of continuous losses, failure to disclose periodic reports on time, and other abnormal situations stipulated in the GEM ** Listing Rules to the continuous deterioration of the relevant situation leading to its eventual delisting, listed companies will successively go through the process of risk warning treatment, suspension of listing, termination of listing, etc.

In order to avoid being "delisted", listed companies that have lost money for three consecutive years have shown an extremely strong incentive to use asset impairment policies for earnings management. In addition, listed companies with continuous losses will generally make use of a large amount of asset impairment provisions in the loss year and reverse the measured impairment provisions in the turnaround year to achieve the purpose of turning losses into profits.

If a listed company loses money for 2 consecutive years, the exchange.

ST treatment is carried out on the company**. For ST companies, if they continue to lose money in the next year and reach the limit of losses for 3 consecutive years, they will be treated with PT and their listing will be suspended. If PT is able to turn a profit, it can apply to the exchange for resumption of listing.

It will not be delisted, but it will be delisted if it fails to turn around its losses and increase its profits within the specified period.

In view of the delisting of listed companies for several consecutive years, it is very clear to tell you: three years!

The listed company has been delisted at a loss for three consecutive years

Listed companies will be suspended from listing for three consecutive years of losses, which is the "** Law".

prescribed. A shares.

The company's delisting criterion due to performance factors is to suspend the listing (temporarily retain ** and qualifications) if it loses money for 3 consecutive years, and if it continues to lose money after 6 months, it will face delisting. Another scenario of delisting occurs when a company is privatized, when a major shareholder or strategic investor buys back all the outstanding shares, and the company is declared to be a private company again, such as Sinopec.

600028) After privatizing a number of its listed subsidiaries, these subsidiaries will be delisted one by one.

Delisting can be divided into active delisting and passive delisting

1) Voluntary delisting refers to the company's initiative to apply to the regulatory authorities for cancellation of the "License" in accordance with the resolution of the shareholders' meeting and the board of directors, generally for the following reasons: the expiration of the business period, the shareholders' meeting decides not to renew; The shareholders' meeting decides to dissolve; dissolution due to merger or division; Go belly up; Adjust the structure and layout according to market needs.

2) Passive delisting refers to the forced revocation of the "license" by the regulatory authorities, generally because of major violations of laws and regulations or major risks caused by poor operation and management.

I believe that after reading this article, shareholders have an answer to the question of delisting of listed companies for several consecutive years, so shareholders must pay attention to whether the tickets in their hands have been losing money for several years!

If a listed company has lost money for three consecutive years, the exchange shall suspend its trading and may make a decision to suspend the listing within five working days after the suspension, not to terminate the listing.

According to Article 5 of the Implementation Measures for the Suspension and Termination of Listing of Loss-making Listed Companies, if a listed company suffers consecutive losses in the third year, from the date of publication of the third annual report (if the company does not publish the annual report, from the date of expiration of the deadline for annual report disclosure stipulated in the "** Law"), the ** exchange shall suspend its trading and make a decision on whether the company will suspend its listing within five working days after the suspension. **If the exchange makes a decision to suspend listing, it shall notify the company and make an announcement, and at the same time report to the China Securities Regulatory Commission for the record.