Traditional industries are listed on GEM.

1. main board: the issuer's net profit in the last three fiscal years was positive and accumulated more than RMB 30 million; The net cash flow generated by operating activities in the last three fiscal years has accumulated more than RMB 50 million, or the operating income in the last three fiscal years has accumulated more than RMB 300 million.

2. Small and medium-sized board: it is an entrepreneurial board with a circulation of less than 654.38 billion.

Second, the indicators are different.

1. main board: the shares publicly issued to the public shall not be less than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of shares publicly issued to the public shall not be less than 10%.

2. Small and medium-sized board: three indicators have been added: capital occupation, repeated public condemnation by the exchange, and high proportion guarantee.

Third, the company rules are different.

1. Main board: The public issuer is a joint stock limited company established according to law and operated continuously for more than three years. Where the original state-owned enterprises are reorganized and established according to law, or the newly established companies are reorganized and established as joint stock limited companies after the implementation of the Company Law of People's Republic of China (PRC), and the main promoters are large and medium-sized state-owned enterprises, the establishment time can be continuously calculated.

2. Small and medium-sized board: If the company's external guarantee balance (excluding companies within the scope of consolidated statements) exceeds 6,543.8 billion yuan and accounts for more than 100% of the net asset value, or the controlling shareholder and other related parties of the company occupy more than 20 million yuan or account for more than 50% of the net asset value, the delisting risk warning will be implemented.

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