SME Board Assessment, SME Board Rules Compilation

A well-known national asset appraisal agency. Qualification. Professional state-owned and non-state-owned enterprise restructuring evaluation, overall asset evaluation, enterprise brand value evaluation, etc. 010-81870798

Cost-effective services such as capital increase and share expansion, valuation and shareholding evaluation, enterprise restructuring evaluation, joint venture and cooperation evaluation, investment project evaluation, property right transfer evaluation, mortgage loan evaluation, pledge financing evaluation, asset clearance and capital verification, infringement claim evaluation, franchise evaluation, brand value evaluation, industrial diversification operation, and valuation evaluation of intangible assets invested by enterprises.

The institution is a well-known national asset appraisal institution. Founded in 1993, it has developed with China's asset appraisal industry for 14 years, with more than 4,000 enterprises and institutions, and is the first senior fair value appraisal institution specializing in tangible asset valuation, intangible asset valuation, project appraisal and other fair value appraisal in China.

Qualifications: Established by the State Administration of State-owned Assets of China, directly affiliated with the Chinese Institute of Certified Public Accountants. It is a state-level asset appraisal institution with qualifications granted by the Ministry of Finance, approved by the China Securities Regulatory Commission and qualified to practice in the industry.

History: Since 1993, it has been practicing in China for 14 years, and is a senior institution that can provide effective solutions to clients. The company adopts international advanced valuation methods and maintains a leading position in the field of intangible asset valuation in China.

Customers: It has successfully made scientific and authoritative (intellectual property rights and goodwill, qualifications, brands, services, expert networks, sales systems, etc.) intangible assets and overall asset evaluation reports for more than 4,000 customer enterprises across the country and in various industries. This is an authoritative mark recognized by the market for our company and a sign of credibility.

Team: The registered capital of the company is 2 million yuan - the highest registered amount among the same industry institutions in China; Nearly 40 Chinese registered asset appraisers, a number of industry experts, and nearly 100 employees can ensure that each project has an excellent team. The company has gathered a large number of industry elites, nearly 100 Chinese registered asset appraisers and senior professionals in the fields of law, economics, accounting, engineering and technology, proficient in appraisal theory, familiar with the actual situation of domestic enterprises, and at the same time maintains close cooperative relations with well-known foreign appraisal institutions.

At the same time, the company has dozens of well-known domestic scholars and experts as consultants and special researchers. It has perfect evaluation and investigation methods and advanced evaluation facilities.

Expertise: Appraisal and the use of appraisal results with unique technology and experience, is the domestic authoritative intangible assets appraisal professional institutions

Enterprise profitability evaluation: The company has accumulated a large number of profitability data in the industry, and can provide professional and reliable profitability evaluation reports;

Intangible asset valuation: The predecessor of the institution was one of the very few institutions specializing in intangible asset valuation in China, and it is still an authoritative intangible asset appraisal institution in the industry.

Equity value appraisal: The company has undertaken a number of equity transfer value appraisal projects involving foreign parties, which have been recognized by both parties to the equity transfer.

The shareholding reform must be carried out first, and it needs to be evaluated in the process of share reform. , need to have the best qualification of the appraisal company.

Come to me directly, I have more comprehensive information.

The basic process of going public.

Generally speaking, if an enterprise wants to be listed in the domestic market, it must go through three stages: comprehensive assessment, standardized reorganization, and formal launch

The first stage is a comprehensive assessment of the enterprise before listing.

The listing of an enterprise is a complex financial engineering and systematic work, and compared with traditional project investment, it also needs to go through the process of preliminary demonstration, organization and implementation, and post-evaluation. Moreover, it is also faced with whether to be listed in the capital market, which market to be listed, and the path to be listed. Listing in different markets requires different jobs, channels, and risks. Only after a comprehensive assessment of the enterprise can it ensure that the company to be listed can carry out the correct operation under the condition of controllable costs and risks.

For enterprises, it is also necessary to pay a price for organizing and mobilizing a large number of personnel and mobilizing all aspects of strength and resources to carry out work. Therefore, in order to ensure the success of the listing, the company will first comprehensively analyze the above issues, comprehensively study and prudently come up with opinions, and only after getting a clear answer will the work of the listing team be fully launched.

The second stage is the reorganization of internal standards of the enterprise.

There are hundreds of key issues involved in the initial listing of enterprises, especially in China's current specific environment, private enterprises generally have many financial, tax, legal, corporate governance, historical evolution and other historical problems, and many problems are quite difficult to deal with in the later stage, therefore, it is very important for enterprises to deal with some issues in advance in a planned and step-by-step manner on the basis of completing the preliminary assessment and with the assistance of the listing financial adviser, and through this work, it can also strengthen the sponsor and strategic shareholders, other intermediaries and regulators have confidence in the company.

The third stage is to officially launch the listing work.

Once the enterprise has determined the listing target, it will begin to enter the practical operation stage of external work of listing, which mainly includes: selecting relevant intermediaries, carrying out shareholding reform, auditing and legal investigation, securities counseling, issuance declaration, issuance and listing, etc. Since the listing work involves external intermediary service agencies, there are five or six people working at the same time, and the personnel involve dozens of people.

Therefore, it is quite difficult to organize and coordinate, and it needs to be coordinated by multiple parties.

1. The basic conditions for listing on the SME board.

The specific financial indicators should meet the following requirements: the net profit in the last three fiscal years is positive and the cumulative amount exceeds RMB 30 million; The net cash flow from operating activities in the last three fiscal years exceeded RMB 50 million; or the cumulative operating income in the last 3 fiscal years exceeds 300 million yuan; The total share capital before issuance shall not be less than RMB 30 million; The proportion of intangible assets (after deducting land use rights, water aquaculture rights, mining rights, etc.) to net assets at the end of the most recent period shall not be higher than 20%; There were no uncovered losses at the end of the most recent period. The issuer pays taxes in accordance with the law, and the tax incentives comply with the provisions of relevant laws and regulations, and the business results do not rely heavily on the tax incentives.

2. Procedures for the issuance and listing of small and medium-sized enterprises.

The first step is to restructure the enterprise and set up shares. Draw up a restructuring and reorganization plan, hire sponsors (** companies) and intermediaries such as accounting firms, asset appraisal agencies, and law firms to conduct feasibility studies on the restructuring and reorganization plan, audit and evaluate the assets to be restructured, sign sponsor agreements and draft articles of association and other documents, set up the company's internal organizational structure, and set up shares. Except as otherwise provided by laws and administrative regulations, the establishment of shares has cancelled the approval of provincial people.

The second step is to conduct due diligence and counseling for the enterprise. Sponsors and other intermediaries conduct due diligence, problem diagnosis, professional training and business guidance for the company, learn the necessary knowledge of listed companies, improve organizational structure and internal management, standardize corporate behavior, clarify business development goals and investment direction of raised funds, rectify existing problems according to the issuance and listing conditions, and prepare IPO application documents. At present, the mandatory requirement of one-year issuance and listing counseling has been abolished.

The third step is to prepare the application documents and declare them. The enterprise and the intermediary agency hired by the company shall prepare the application documents in accordance with the requirements of the CSRC, and the sponsor shall verify and be responsible for recommending to the CSRC; If the application conditions are met, the China Securities Regulatory Commission will accept the application documents within 5 working days.

The fourth step is to review the application documents. After the CSRC formally accepts the application documents, it conducts a preliminary review of the application documents, and after the preliminary review, the issuance review committee reviews the application documents for pre-disclosure, and finally submits them to the issuance review committee for review.

The fifth step is roadshow and inquiry. Publish the summary of the prospectus and the issuance announcement in the designated newspapers and periodicals, **The company conducts roadshows with the issuer, promotes and inquires to investors, and negotiates the issuance according to the results of the inquiry**.

The sixth step is issuance and listing. According to the issuance method stipulated by the China Securities Regulatory Commission, the public offering**, submit the listing application to the ** exchange, handle the custody and registration of shares in the registration and clearing company, and list the company, and the sponsor will be responsible for continuous supervision according to the regulations after listing.

The complete information of three years, the profit for three consecutive years is more than 10 million.

Hello, the small and medium-sized board market refers to the entrepreneurial sector with a circulation of about 100 million yuan, which is relative to the main board market, and it is affiliated with the Shenzhen Stock Exchange. Some enterprises cannot meet the requirements of the main board market and can only be listed on the small and medium-sized board market. In China's small and medium-sized board market, ** starts with 002.

Application] The conditions for listing in the small and medium-sized sector are shown in the table below

1.Share capital conditions: the total share capital before issuance shall not be less than RMB 30 million; The total share capital after issuance shall not be less than RMB 50 million.

2.Financial conditions:1

The net profit for the latest three fiscal years is positive, and the cumulative amount exceeds RMB 30 million; The net cash flow from operating activities in the last three fiscal years exceeded RMB50 million. or the cumulative operating income of the last 3 fiscal years exceeds RMB 300 million; The proportion of intangible assets to net assets at the end of the recent period is not more than 20%; There were no uncovered losses at the end of the most recent period.

Features] High-tech companies as the main listing objects; lower listing standards; High risk, high return; Strict information disclosure and market supervision.

The status quo] small and medium-sized board provides a market-oriented evaluation mechanism for small enterprises in the growth period, but the vast majority of small and medium-sized board listed companies are large-scale private enterprises or local state-owned enterprises, but the scale is slightly smaller than the main board, so the introduction of the small and medium-sized board has not really alleviated the financing difficulties of small and medium-sized enterprises in China.

The SME Board Index refers to the representative A-shares listed and traded on the SME Board of the Shenzhen Stock Exchange.

After referring to factors such as corporate governance structure, operating conditions, development potential, and industry representativeness, the constituent stocks of the SME 100 Index are selected according to the buffer zone technology. After that, it is necessary to rank the shortlisted ** to select the constituent stocks.

The small and medium-sized sector is the entrepreneurial sector with a circulation of less than 100 million. **It starts with 002.

As far as I know, these listed companies are engaged in the board business, some companies make larger boards, and some companies make smaller boards.

The ones that start with the word 6 are called the main board, which is the Shanghai Stock Exchange**; 000 also starts.

It's called the motherboard, it's ****; The ones that start with 002 are called small and medium-sized boards, which are ****;

Small and medium-sized board The small and medium-sized board is relative to the main board market, and China's main board market includes the Shenzhen Stock Exchange and the Shanghai Stock Exchange. Some companies do not meet the requirements of the main board market, so they can only be listed on the small and medium-sized board market. The small and medium-sized board market is a kind of transition of the GEM, and the market of China's small and medium-sized board is 002.

The small and medium-sized sector is the entrepreneurial sector with a circulation of less than 100 million. Analogy between the SME board and the main board.

Small and medium-sized enterprises should not have the problem of financing difficulties.

1. Enterprises that are too small. Unable to rise to the concept of financing. Namely:

Almost only the business of accounting; And there is no financial business involved and its problems. It's common sense. There are not even people who understand financing.

Not to mention the effort to do business and work in this area.;

2. China is the country with the highest proportion of deposits in the world. Unlike Americans, the number of people who save money is only about 6% of the country's total population. That is to say, almost all Americans, without savings, and all have loans.

China's data in 2007 is the country's **30 trillion; People's deposits are about 30 trillion. Even if it is not a large number, there are more than 300 million people who are hovering on the edge of the poverty line of extreme poverty at any given time. Fall into the crowd of poor people at any time.

However, the average household deposit ratio is as high as 97%. This is one of the highest per capita percentage of people with savings in the world. Well, small and medium-sized enterprises, almost the majority, use their own funds to develop, almost all the facts.

Therefore, it is problematic to imagine this part as a business that needs financing.

3. Loans and financing. It is gratifying to hear that the People's Bank of China and the central bank have newly approved the "Wen Wei Po" report: 8,800 private loan small companies across the country.

However, after seeing this news report, in just a few months, the number of loans** that were made to me was as high as more than 100.?! Almost, all of them are innumerable usury; Or a relationship with an acquaintance who knows the bank. Really, do the mortgage business:

No.! Companies that do financing finance: No.!

So, where does the so-called problem you mentioned here, come from?! What does that mean?! How can there be?! If it is a topic that needs to be supported by complete facts and figures in a specific market.!?

1. Improve the company's service concept, advanced product technology or service concept.

2. Improve the management model, improve the company's structure, and introduce advanced management mode.

3. The most important thing is to let the financier see the benefits of your future business and make him feel that it is valuable to invest in your project.

4. Enhance their own anti-risk ability.