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How many companies will be forced to withdraw from the market after the introduction of the new securities law?
Mandatory delisting refers to being delisted by the exchange. After the introduction of the draft of the new delisting regulations, there are four criteria for compulsory delisting:

Delisting: If the stock price is lower than 1 yuan or the market value is lower than 300 million yuan, it will be delisted. Therefore, investors who prefer to speculate in "fairy stocks" and investors who prefer low-priced stocks should pay attention to risks.

Financial delisting: for example, if the company loses 65,438+0 years and is marked as ST, it cannot turn losses into profits for two consecutive years, and its operating income for four consecutive years is less than 654,380+million, then it will be delisted;

Standardize delisting: suspend listing for three consecutive years. If the listing can be resumed after the next year's profit, the listing will be cancelled and resumed. Those who trigger financial compliance for two consecutive years will be delisted.

Major violation: the listed company's inflated net profit for three consecutive years exceeds 100% of the net profit disclosed in the annual report, and the total inflated net profit for three years reaches more than1000 million yuan; The total inflated profits for three consecutive years exceeded 100% of the total profits disclosed in the annual report of that year, and the total inflated profits for three consecutive years reached more than 1 100 million yuan.

Tips: The above contents are for reference only.

Response time: February 7, 2022. Please refer to the latest business changes announced by Ping An Bank in official website.