On June 5438+February 65438+February 4, 2020, the Shanghai and Shenzhen Stock Exchanges issued a draft for comments on the new delisting regulations, further improving and optimizing delisting indicators, delisting procedures, risk warnings and delisting related transaction arrangements.

After this new regulation came out, it blocked the loopholes in the past by various means. Therefore, some listed companies that used to rely on government subsidies and asset sales to protect their shells, as well as companies that turned losses into profits in the first year, *ST in the second year and avoided delisting in the third year, may not be able to continue. Secondly, all kinds of zombie enterprises, major violations of laws and regulations and financial fraud will face the risk of delisting.

Specifically, 32 non-ST companies in A-share * * * earned less than 654.38 billion yuan in the first three quarters of this year, and their net profits before and after deducting non-profit in the first three quarters of this year and last year were negative, among which the last three companies after deducting non-profit were Beijing Culture (000802, shares bar) (000802). SZ) and Ji akg (300309, Guba).

Extended data

Following the meeting of the Deep Reform Commission on June 2, 2020 (1 1.2), the Shanghai Stock Exchange also mentioned that it is necessary to unswervingly promote the construction of the basic system of the capital market and deepen the reform of key systems such as registration system and delisting. Within ten days, the top management mentioned the delisting of listed companies twice, which shows that the top management attaches great importance to the delisting system of listed companies.

According to the requirements of delisting system, losses for three consecutive years will be delisted by the exchange. According to the statistics of Red Weekly (blog, Weibo), there are 83 enterprises that suffered losses continuously in 20 18 and 20 19, and they still suffered losses in the first three quarters of this year. According to the annual forecast for 2020 published by listed companies, 1 1 companies have sustained losses and become "scheduled" delisting companies. It is almost certain that they will be delisted from the market under the new regulations.

Source of reference: He Xun. Com- stay alert! The new delisting rules have been tightened again, and these companies are facing the risk of delisting.

Source of reference: He Xun. Com- the new rules for delisting come out, and these companies are very risky!