The 32 GEM companies collectively took the initiative to extend the share lock up at the same time

At the end of October this year, GEM listed companies ushered in the lifting of the first batch of shares restricted for more than three years. The market expects that due to the huge number of restricted shares of these initial shareholders, in the context of the current downturn, the arrival of the lifting of the ban will bring a lot of pressure to the first and the entire GEM. However, in addition to the previous Hanwei Electronics [stock bar research report] and Geeya Technology [stock bar research report] The actual controller took the initiative to extend the share lock-up period, yesterday Baode shares [stock bar research report], China Testing [stock bar research report] and other 32 GEM companies issued announcements to take the initiative to extend the share lock-up, involving 100 million shares, with a market value of about 100 million yuan.

The content of the announcements issued by a number of GEM companies is extremely similar. For example, the robot [stock bar research report] (300024) announced that the controlling shareholder holds 10,000 shares of the company, which will be unlocked upon the expiration of the restriction period on October 30. It promised not to take ** shares in 2012; Silicon Treasure Technology [Stock Bar Research Report] (300019) also announced that shareholders Wang Yuelin, Guo Dimin, Wang Youzhi, and Yang Limei all said that after the lifting of the restriction on October 30 to December 31, there was no **** plan, and the above holdings accounted for the total share capital.

In addition, Li Sichen [stock bar research report] (300010), Shanghai Jiahao [stock bar research report] (300008), steel research institute Gaona [stock bar research report] (300034), Hongri Pharmaceutical (300026), Xinghui car model (300043), Yangpu Medical [stock bar research report] (300030), Yinjiang shares [stock bar research report] (300020), supermap software [stock bar research report] (300036) and many other GEM companies, All announced that the controlling shareholder or actual controller promised not to ** within the year, or extended the commitment to restrict sales.

Just know it directly, and go back to the ** network.

But GEM earned 160 times.

If you didn't buy the company's original**, then it's not much good.

If you buy and hold, then congratulations. If you buy as much as you buy in the first place, you have to earn at least five times as much, which is the least case!

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According to Article 142 of the Company Law, the shares of the Company held by the promoters shall not be transferred within one year from the date of establishment of the company. The shares issued before the company's public offering of shares shall not be transferred within one year from the date of listing and trading on the company's ** exchange.

The directors, supervisors and senior management of the company shall report to the company the shares of the company and their changes, and the annual transfer of shares during their tenure shall not exceed 25% of the total number of shares of the company held by them; The shares of the company held by the company shall not be transferred within one year from the date of listing and trading of the company.

There is no lock-up period for shares held by employees.

Listing on the Growth Enterprise Market (GEM) is the first choice for small and medium-sized enterprises, and the minimum business quota for enterprises is also relatively low, making it the best choice for small enterprises in China.

The application for listing on the Shenzhen Stock Exchange for the initial public offering of a GEM company shall meet the following conditions:

a) ** has been publicly issued;

2) The total share capital of the company shall not be less than 30 million yuan;

3) The public offering of shares reaches more than 25% of the total number of shares of the company; If the total share capital of the company exceeds 400 million yuan, the proportion of public shares issued to the public is more than 10%;

4) The number of shareholders of the company shall not be less than 200;

5) The company has no major violations in the past three years, and there are no false records in the financial and accounting reports;

6) Other conditions required by the Shenzhen Stock Exchange.

The original shares and the internal subscription shares can be freely traded for two years.

According to the data provided by the Shenzhen ** Exchange, as of October 23, 2015, there were 484 listed companies on the GEM, with a total share capital of 100 million shares, and a total market value of 100 million yuan based on the ** price of the day.

The listed company refers to the shares issued by the company that have been approved by the management department to be listed and traded on the exchange. The so-called non-listed company refers to its shares that are not listed and not traded on the exchange.

GEM, also known as the second-board market, is a different kind of market from the main board market, which is designed to provide financing channels and growth space for start-up enterprises, small and medium-sized enterprises and high-tech industry enterprises that need to be financed and developed temporarily unable to be listed on the main board. The market on China's GEM is at the beginning of 300.

Go to the Shenzhen Stock Exchange** to check the statistics.

1 Pre-IPO financial due diligence; 2. Analysis of the financial and tax status of the listed enterprise: revenue and profit recognition, old account clearance; accounting and tax planning; 3 How to effectively raise more funds; how to design a financial performance model for sustainable growth; accounting standards and information disclosure system arrangements; 4. Feasibility assessment and judgment of GEM listing; Restructuring to the key business points of shares; Preparation and review of materials; Listing counseling, listing and issuance; Demonstration of innovation ability of GEM listed enterprises; Special opinions on the growth of GEM listed companies; Listing teams and intermediary service providers; Calculation of the funds raised and listing costs and expenses of the start-up listing. 5. Shaping the soft conditions for private equity and enterprise GEM listing; Finance** and business valuation; terms of investment agreements; Overview of equity investment and key points of corporate financing; business plan writing; The soft condition threshold for listing on the GEM of enterprises - the shaping of the "seven new" (new economy, new technology, new energy, new materials, new services, new countryside, new business model) and the "three highs" (high technology, high growth, high added value) and a large number of enlightening cases.

Part 3: Key Financial Issues in the Issuance and Listing of Innovative Enterprises 1 The accounting treatment of innovative enterprises is arbitrary and the basic accounting work is not standardized; 2. The accounting policies and accounting estimation methods of innovative enterprises are incorrect or arbitrarily changed. For example, change the depreciation method at will; unreasonable capitalization of interest, etc.; 3. Non-linear growth characteristics of new business model enterprises and large profit volatility; 4. Special accounting treatment of innovative enterprises, such as revenue recognition of innovative enterprises, capitalization of R&D expenses, recognition of the value of intangible assets, how to determine the fair value of ** options, accounting of equity incentives, revenue recognition of innovative enterprises and capitalization of R&D expenses, etc.; 5. What are the special financial characteristics of innovative enterprises, and the impact of special financial characteristics on the value judgment of enterprises; 6.

The impact of financial standardization on the listing of innovative enterprises and its response.

First of all, it is necessary to meet the requirements of the GEM: 1. Profit for two consecutive years and the cumulative net profit exceeds 10 million and continues to increase profit; 2. The net profit in the latest year shall not be less than 5 million; and the operating income shall not be less than 50 million; The growth rate in the last two years shall not be less than 30%; Mainly engaged in one business; independent innovation ability; sustainable ability.

The rest is the formal regulation of tax law.

For companies listed in China, the shares cannot be changed before listing, and if there is a change in equity before listing, it cannot be listed and wait in line again.

Therefore, the internal employee stock ownership is allocated in advance, rather than waiting until before the listing.

There is no requirement that employees must be allocated**, and companies without employee stock ownership are more likely to be listed, and those with more employee stock ownership are an obstacle to listing.

It depends on what employees, not all employees can have, Alibaba only has more than 5 years of service before going public, and there must be employees with medium or above titles to have original shares! I think other companies will have relevant regulations, not an ordinary OP (operator) can get a share of the original shares.

It depends on the situation of each company. Most will be given to technicians and managers. There is also the fact that it is generally subscribed within the company, which is the so-called original shares.

**Generally one dollar per share. There is generally no lower limit for ordinary employees, but there is an upper limit. There is a lower limit for managers.

Divide**? The company's executives are generally assigned points, and ordinary employees generally subscribe, but if there are online, there are generally more than 20,000 shares.

The issuance of employee shares is set by the company itself.