What is st stock?

ST is the English abbreviation of Special TreatmentR, Yi " special handling". This policy is carried out beginning from April 22,1998, aim at object is the stock company that arises the exception of financial situation or other situations.
" claim the exception
( 1) the net profit of two recent financial years that audit result shows worths to undertake , that is said, if a stock company each net asset or loss of two years is lower than stock face value, will handle especially.
( 2) the audit result of a recent financial year shows its shareholder rights and interests to be lower than registered capital. That is said, if a stock company each net asset or loss of two years is lower than stock face value, will handle especially.
( 3) registration the property report of accountant
( 4) recently a financial year, by the shareholder rights and interests of audit, deducts the part that registered accountant and relevant department do not confirm , is lower than registered capital.
( 5) the recently a copy of financial report
( 6) will believe by exchange
Other " a kind of other situation exceptions " denote natural calamity , grave accident etc. cause to produce operation campaign basic termination, company is concerned with the possible conditions such as lawsuit that indemnity exceeds company's net asset.

ST stock day rise falls restriction is 5%, what needs are pointed out is that special handling and not the punishment of being for stock company, is for stock company a kind of present objective revelation of located situation, its purpose lies in to refer to market risk to investor , guides investor to carry out rational investment , may return to normal if company's exceptional situation is eliminated to trade.