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ST What Stock Is The Stock Turned Into?

2011/8/8 18:46:00 50

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ST is the abbreviation of Special Treatment in English, meaning "special treatment".

The policy is targeted at listed companies with abnormal financial status or other conditions.

In April 22, 1998, the Shanghai and Shenzhen Stock Exchange announced that special treatment (Special treatment) would be conducted on the stock pactions of listed companies with abnormal financial status or other situations, and referred to as "ST" before the abbreviation.

The so-called "

Finance

Abnormal situation "refers to the following situations: (1) the audit results of the last two fiscal years show negative net profit.

(2) the audit results of the latest accounting year show that the shareholders' equity is lower than the registered capital.

That is to say, if a listed company loses money for two consecutive years or the net assets per share is lower than the face value of the stock, it must be dealt with in a special way.

(3) a certified public accountant has issued an audit report that fails to express his opinion or negative opinion on the property report of the latest accounting year.

(4) the audited stockholders' rights and interests in the last accounting year are deducted from the registered accountants and the departments concerned do not confirm that they are lower than the registered capital.

(5) a recent audited financial report adjusted the profit for the previous year, resulting in a loss for two consecutive fiscal years.

(6) the financial situation is identified as abnormal by the exchange or the China Securities Regulatory Commission.

Another "abnormal situation" refers to natural disasters, major accidents, and so on, which lead to the termination of production and business activities, and the company may involve litigation involving possible compensation exceeding the company's net assets.

Listed companies

During the special handling period, the trading of stocks should follow the following rules: (1) the limit of stock quotation is 5%; (2) the stock name is changed to the original stock name plus "ST", for example, "ST pipe"; (3) the interim report of the listed company must be audited.

Due to the implementation of ST stock day

Ups and downs

The margin limit is 5%, which has also restrained investors' deliberate speculation to a certain extent.

Investors should also treat the specially processed stocks differently.

Some ST shares are mainly operating losses, so in the short term it is very difficult to turn losses into profits through strengthening management. Some ST shares are caused by special reasons, or some ST shares are being restructured.