The Rules Governing the Listing of the Growth Enterprise Market of the Shenzhen Stock Exchange (as amended in 2012) will come into effect on May 1. The "Stock Listing Rules" stipulates that GEM companies face a suspension of listing for three consecutive years of losses, and will face a termination of listing for four consecutive years of losses. Coincidentally, the Shanghai Stock Exchange has issued a plan to perfect the delisting system of listed companies (draft for comment) at about the same time. According to the "opinion", the "delisting risk warning" will be specially dealt with for two consecutive years of losses. The delisting system of capital in the stock market is frequent. What impact will it have on those companies that are listed in the chemical industry ? This reporter recently conducted an interview in this regard. “Our corporate losses are mainly due to market expansion. The company used to be mainly large customers in Japan and South Korea, ignoring the development of the domestic market. But since last year, domestic customers have rapidly emerged, and they have a greater scale and price than foreign customers. Advantages have led to poor corporate performance. At the same time, in the general environment, the European debt crisis has led to the deterioration of the international economic environment, the prices of international raw material markets have been declining, and the company’s export prices have dropped significantly.†Faced with the 2011 Annual Report and 2012 Loss of quarterly results was explained by Qu Xiaoli, board secretary of Beijing Dangsheng Material Technology Co., Ltd. The company listed on the GEM was mainly engaged in the production of R&D and sales of lithium battery new materials. In 2011, the company became the first company to record a loss in its annual report since the establishment of the GEM. "The GEM delisting system is stricter than the delisting system on the Main Board, and it does not support 'backdoors', which will help establish the correct investment concept, raise investors' awareness of risk, and curb speculation." Li Dazhao, head of the British Great Securities Research Institute, told reporters Indicated. After perfecting the delisting system of the GEB in the Shenzhen Stock Exchange, on April 29, the Shanghai Stock Exchange issued a plan to perfect the delisting system of listed companies (draft for solicitation of opinions). It is understood that at present, the documents based on the delisting system for the Shanghai and Shenzhen Motherboard Markets are the Measures for the Implementation of the Suspension and Termination of Loss of Listed Companies (Revised) issued and revised in 2001. However, since December 2007, the A-share market has not been delisted due to continuous losses for four consecutive years. The board delisting system is virtually useless. It is understood that the delisting system of the motherboard has been re-introduced, making the chemical listed companies have a stronger sense of crisis. As of April 29, there were nearly 2,400 listed companies in Shanghai and Shenzhen, including nearly 310 petrochemical stocks, accounting for about 13%, and 32 chemical stocks faced the problem of “protecting shellsâ€. On April 20th, Shandong Hailong’s annual report showed that the company’s operating income was approximately RMB 3.813 billion, and the net profit attributable to shareholders of listed companies was a loss of RMB 1.022 billion. The owner’s equity attributable to the shareholders of the listed company has exceeded the negative. More than 800 million yuan has been insolvent and the risk of delisting has increased. Since it has been losing for two consecutive years, according to the relevant provisions of the "Stock Listing Rules" of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange will implement special treatment for the "Delisting Risk Warning" on the company's stock trading. "Because of the company's 2 consecutive years of losses in 2010 and 2011, according to the relevant provisions of the "Stock Listing Rules," the company's shares will be specially handled by the Shanghai Stock Exchange with the 'Delisting Risk Warning'." Shandong Huayang Technology Co., Ltd. is This is stated in the announcement. The company had a good sales of pesticides last year. The company's operating income increased by 24.51% to 631 million yuan. However, because of the loss of chemical products and its subsidiary Zhengyang Thermal Power, the company had a total loss of 6,088.4 million yuan. On April 28th, Shandong Huayang announced that it had received the "Decision on Disallowing the Major Assets Replacement of Shandong Huayang Science & Technology Co., Ltd. and the Issuance of Purchased Shares" from the China Securities Regulatory Commission. This made Shandong Huayang hope to lose money through this asset replacement. While some corporate asset restructuring was hindered, other listed companies went through their own efforts to get out of the crisis. Shandong Lubei Chemical Industry Co., Ltd. has achieved revenue of RMB810 million in 2011, and achieved net profit of RMB27,885,700, an increase of 79% and 77.51% year-on-year, respectively. This can be seen from the annual report. As a result, Lubei Chemical has resumed its sustainable profitability, profited for two consecutive years, and achieved positive returns after deducting non-recurring gains and losses last year. "This system fully demonstrates the determination and attitude of the regulators in reform, and also shows the expectations of the market for the survival of the fittest." Li Dazhao said. Salt Water Flake Ice Machine,Plate Ice Maker,Industrial Large Scale Ice Machine,Large Scale Ice Maker Changshu Shenghai Electric Appliances Co., Ltd. , https://www.icefrostorm.com