Port communicationWhat are the conditions for Shenzhen companies to open a science and technology innovation board? WeChat will set up a new science and technology innovation board on the Shanghai Stock Exchange，Adhere to facing the world's technological frontiers、Facing the main economic battlefield、Facing major national needs，Mainly serving in line with national strategies、Breakthrough in key core technologies、A technological innovation enterprise with high market recognition。
The issuer applies for listing on the Exchange’s Science and Technology Innovation Board，The following conditions should be met：(1) Comply with the issuance conditions stipulated by the China Securities Regulatory Commission；(2) The total share capital after issuance shall not be less than RMB 30 million；(3) The initial public offering of shares accounts for more than 25% of the company’s total shares，The company's total share capital exceeds RMB 400 million，The proportion of shares in the initial public offering is more than 10%；(4) Market value and financial indicators meet the prescribed standards；(5) Other listing conditions stipulated by the Shanghai Stock Exchange。
The issuer applies for listing on the Exchange’s Science and Technology Innovation Board，Market capitalization and financial indicators should meet at least one of the following standards：(1) Estimated market value is not less than RMB 1 billion，The net profit in the past two years has been positive and the cumulative net profit is not less than RMB 50 million.，Or the market value is expected to be no less than RMB 1 billion，The net profit in the most recent year is positive and the operating income is not less than RMB 100 million.；(2) Estimated market value is not less than RMB 1.5 billion，Operating income in the most recent year shall not be less than RMB 200 million，And the cumulative R&D investment in the past three years accounts for no less than 15% of the cumulative operating income in the past three years.；(3) Estimated market value is not less than RMB 2 billion，Operating income in the most recent year shall not be less than RMB 300 million，And the cumulative net cash flow generated from operating activities in the past three years is not less than RMB 100 million.；(4) Estimated market value is not less than RMB 3 billion，And the operating income in the most recent year is not less than RMB 300 million；(5) Estimated market value is not less than RMB 4 billion，The main business or products must be approved by relevant national departments，Large market space，Phased results have been achieved so far。
Enterprises in the pharmaceutical industry need to have at least one core product approved to conduct phase II clinical trials，Other companies that meet the positioning of the Science and Technology Innovation Board need to have obvious technologies
Advantages
and meet the corresponding conditions。
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