What is the difference between ST and ST?

Risk Stocks:The implementation of risk warnings includes two types: ST company and *ST company. Risk Alert**** is limited to 5%.

st**: means "special treatment". This policy is intended for those who are in an abnormal financial or other situation.

The Shanghai and Shenzhen Stock Exchanges stipulate that special treatment is carried out for the transactions of listed companies with abnormal financial status or other conditions, and because "special treatment" is preceded by "ST" in the abbreviation, such ** is called ST shares. The term "abnormal financial position" refers to the following situations: (1) Net profit shown by the audit results of the last two fiscal years.

is negative. (2) The audit results of the most recent fiscal year show that its shareholders' equity is less than the registered capital.

That is, if a listed company has lost money or net assets per share for two consecutive years.

If it is lower than the face value, it will be treated specially. (3) Certified Public Accountant.

An audit report with no opinion or adverse opinion on the property report for the most recent fiscal year. (4) The audited shareholders' equity of the most recent fiscal year is lower than the registered capital after deducting the part not confirmed by the certified public accountant and the relevant departments. (5) The most recent audited financial report made an adjustment to the profit of the previous year, resulting in a loss for two consecutive fiscal years.

6) It is determined by the stock exchange or the China Securities Regulatory Commission to be in an abnormal financial situation.

*ST Shares**:*ST refers to the risk of termination of the listing of the company, **exchange.

The implementation of the "special treatment to warn of the risk of termination of listing" is the original special treatment

On the basis of the shares, a special treatment is carried out, and the word "*st" is added before its ** abbreviation to show the difference.

The difference between st** and *st**:st is an abbreviation for Special Treatment. ST means that the company's operation has lost money for two consecutive years, special treatment, *ST means that the company's operation has lost money for three consecutive years, and the delisting warning is given.

When a company loses money for two consecutive years or its net assets are lower than the face value, "ST" will be added before the name of **, which means "special treatment", and the daily rise and fall shall not exceed 5%. It is used to warn investors to pay attention to investment risks.

When the company's operation has not improved in the third year and is still in a loss-making state, the "*" will be added in addition to "st" before the name to mean the risk of delisting.

There should be three kinds, namely ST, *ST and delisted stocks, of which ST is a continuous loss, *ST is about to be delisted, and the delisted stocks are to be delisted within a month, but at present, there are no delisted stocks in China for the time being.

ST has been losing money for 3 consecutive years.

Subject to ST, the change is limited to 5% *ST is about to be delisted, ST of ST

After the stock price** temporarily causes a book loss, but the stock price rises back later. Stop loss: After the stock price, the shareholder loses money and liquidates the position to prevent the stock price from causing further losses. But less than a week later, she.

The biggest risk of buying ST** is the risk of suspension of listing and delisting. After the suspension of listing, investors are not allowed to trade. The latter result is either the resumption of listing or delisting.

The stakes are significant. Risk of non-performing assets. ST is most afraid of assets in a mess, many debts, no main business, such ST whether it is betting on expectations, or gambling on performance, is basically a loss-making business.

A shell with a lot of debts is generally not chosen by a backdoor company, so its shell value is not high; There is no main business, counting on it to turn a profit, and it is estimated that the sun will come out of the west.

Extended Materials. 1. The risk of continuous stock price.

ST company ** is favored by the market due to the low **, the stock price will slowly rise, and there is always a chance to adjust after the rise, at this time there may be other ** is also falling, but not ST**.

With the support of performance, it has a reasonable valuation, and it may fall to the vicinity of its own valuation to have support, and it will soon stabilize and stop falling. However, ST** profits are negative, and many of them even have net assets.

It's all negative, investors buy this kind of ** is equivalent to debt, and it is difficult to say when such a ST ** will stop falling. Therefore, the biggest feature of Dan Qiwei ST**** is that it takes a long time.

2. The stock price fell to the limit, and the panic of collective sell-off.

ST** is easy to fall limit, and a down limit may be a series of multiple down limits. This is the root of the upper paralimb of the ST** rise and fall system. The Shanghai and Shenzhen trading regulations limit the daily rise and fall of ST to 5%, and the space of ** is only 5%, which is easy to achieve.

Once the fall limit is reached, the ** cannot be sold, and investors chase the rise and kill the fall.

The psychology makes more people anxious, so a large number of orders waiting to be sold are piled up in the position of "selling one" in the handicap, causing a panic of collective selling, and the power of the short side will be released on the next second model, the third trading day or even further trading days.

3. Suffered the tragedy of suspension or even termination of listing.

The biggest risk of ST** is to encounter the suspension or even termination of listing, which will lead to an extreme reduction in the value of ST** and make investors' investment lose their money. That's why some people no longer touch ST after investing in ST** failed.

ST is used to warn investors to be aware of investment risks, *ST is used to warn investors of delisting risks.

ST**, ST is the abbreviation of the English word (specialtreatment), which is aimed at listed companies with financial problems, or listed companies with other risks. **The common ST can be simply understood as a risk warning mark. That is, when the **name prefix appears ST, the stock has other risk warnings, and in layman's terms, it is this ** ticket that is sick.

The difference between ST and ST is:

ST means two consecutive years of loss, *ST means three consecutive years of loss, there is a risk of delisting.

st**: means "special handling". This policy is intended for those who are in an abnormal financial or other situation. April 22, 1998, Shanghai and Shenzhen Stock Exchanges.

It was announced that special treatment will be given to the transactions of listed companies with abnormal financial or other conditions, and because of the "special treatment", which is preceded by "ST" in the abbreviation, such ** is called ST shares.

If the name of which ** is added to the st, it is to give the market a warning, the ** investment risk, a warning, but this ** risk is also large, if you add * ST then it is the ** delisting risk, hope to be vigilant, specifically in April or so, the company submitted financial statements to the Securities Regulatory Commission.

If you lose money for 3 consecutive years, there is a risk of delisting.

ST**: ST is a delisting risk warning. The following seven situations will be marked with "*st" by the exchange:

Losses in the last three consecutive years (based on the audited net profit of the year disclosed in the annual report for the last three years.

as a basis); Due to the existence of major accounting errors or false records in the financial and accounting reports, the company took the initiative to correct them or was ordered to correct them by the China Securities Regulatory Commission.

After that, retrospective adjustments were made to the financial and accounting reports of previous years, resulting in continuous losses in the last three years;

Due to major accounting errors or false records in the financial and accounting reports, it was ordered by the China Securities Regulatory Commission to make corrections but failed to correct within the specified time limit, and the company has been suspended for two months;

Failure to disclose the annual report or semi-annual report within the statutory time limit, the company's trading has been suspended for two months;

During the period from the resumption of listing and trading to the disclosure date of the first annual report after the resumption of listing;

Disclosure of a listed company's tender offer by the acquirer.

The distribution of the equity of the acquired company due to the tender offer did not comply with the Company Law until the implementation of the specific plan to maintain the listed status of the acquired company was completed.

The specified listing conditions, and the acquirer's shareholding ratio does not exceed the total share capital of the acquired company.

of 90%; The court accepts a case about the bankruptcy of the company, and the company may be declared bankrupt in accordance with the law.

High risk and high return are positively correlated, hearing the news that ST** can get high returns, so that many **whites are excited, but if you don't know ST** enough, it is recommended not to try it easily! Today, I will popularize ST** with you, and I hope my popular science can be useful to everyone! Before popular science, I would like to share with you a few **artifacts:

**The nine artifacts are free to receive (with a sharing code).

1. What is ST and *ST**?

ST is special treatment, which means special treatment - additional control of the ** transactions of listed companies with abnormal financial or other conditions, and the title before the abbreviation is not a punishment for listed companies, but a risk warning to guide consumers' rational investment. During this period, the daily rise and fall limit is 5%, and trading can resume when the company experiencing abnormal conditions gradually returns to a stable and normal state. In addition to st, you will often see *st.

The occurrence of ST often indicates the risk of delisting of the company for three consecutive years of losses, and it will generally be delisted in the next month (it will also vary from stock to stock).

2. Why are some people keen to fry ST**?

The investment value of ST** is mainly concentrated in these two aspects:

1. Take off the hat: When the company's business conditions improve, the hat will generally be removed, and the stock price may become higher. Therefore, when a listed company is ST, some investors are ** that the company's performance will get better sooner or later, so they wait for the stock price to recover.

2. Low stock price: After a long period of time, the ST price has been in a low position, and it will be, and investors who take the first operation are good at seizing the opportunity to earn the difference.

Novices have fewer channels to obtain information about the final rectification of ST or whether the performance is improving, so if you want to invest in ST shares, you have to face greater risks.

The difference between ST and ST inside.

When a company loses money for two consecutive years or its net assets are lower than the face value, "ST" will be added before the name of **, which means "special treatment", and the daily rise and fall shall not exceed 5%. It is used to warn investors to pay attention to investment risks.

When the company's operation has not improved in the third year and is still in a loss-making state, the "*" will be added in addition to "st" before the name to mean the risk of delisting.

The reasons include but are not limited to the following reasons: first, there is not enough capital; Second, there is no need for high technology; Third, there is no real and credible information channel**; Fourth, I lack a good attitude of not being happy and worrying, and I have always been too comfortable, too happy, too much.

The difference between the two is that *ST** is more risky, and if it can't turn losses into wins this year, it is very likely to be delisted.

Those with * are about to go out of business, and those without * are about to go out of business.

The first floor copy is gone! All the points are snatched up.

Everyone must stick to the whole text, if you don't pay special attention to the third point, it is likely to cause serious mistakes.

1) What does **st mean? Under what circumstances does it occur?

Compared to *st**, *st** is naturally more dangerous for the following reasons:

The meaning of ST is very simple, that is, special treatment, which refers to the audited net profit of the listed company for two consecutive fiscal years is negative or the audited net assets per share in the most recent year are lower than the current face value of Hongwu**, so as to remind shareholders that there is a risk, and the ** that is specially treated**, add a "ST" in front of the **name, commonly known as wearing a hat, with this sign to warn investors to be cautious about investing in this kind of **.

If it becomes "*ST", it means that the company has been losing money for three consecutive years, and it is necessary to be vigilant when encountering such a **, because it is likely to be delisted.

Such a listed company not only has to add the "ST" mark in front of the first name, but also needs to go through a one-year inspection period, and the listed company in the inspection period is limited to 5% within this year.

Regarding Kangmei Pharmaceutical's 30 billion financial fraud in 2019, it is the most famous case, after the case, the former A-share big white horse turned into ST Kangmei, affected by the case, harvested 15 consecutive falling limits and evaporated a market value of more than 37.4 billion.

2) ** How do I take off my hat?

The audit results show that the financial abnormality has been eliminated, that is, the annual financial position of the listed company during the period has returned to normal, and the company's net profit is still positive after deducting the recurring profit and loss, and the company is still operating normally, you can apply to the exchange for revocation of special treatment.

What we commonly call "taking off the hat", that is, revoking the ST mark before the ** name after approval.

A wave of **, often after taking off the hat, we can focus on this kind of **, by the way to make a little money, what are the ways to get these hat information in the first time? This investment calendar will definitely help you, which ** dividends, shares, delisting and other information, will not fall a day of reminders, speed to open the following link: exclusive Shanghai and Shenzhen stock market investment calendar, grasp the latest first-hand information.

3) What should I do for ST's **?

In the case of the misfortune in your hand becoming ST, you should focus on the 5th, and then you will set the *** below the 5th, and when the stock price falls below the 5th, it is most appropriate to choose to clear the position at this time to avoid dying after the continuous fall limit.

In addition, it is not recommended for investors to open a position with ST marking, because the daily rise and fall of this type of ** on each trading day is limited to 5%, which is relatively difficult to operate, and it is difficult to grasp the investment rhythm.

If you are still confused about the operation, you can use this stock diagnosis artifact, just enter **, you can know**How: [Free] Test your **current valuation position?