Science and technology board listing series interpretation: science and technology attributes and hard science and technology

Enterprises to go public, if ready, believe the experience of predecessors, the early bird has the worm to eat, any good policy is from the test to the norm, do not say that the competitor's standard degree is far worse than me, he can be on, why can't I? Perhaps he is *ST amethyst or *ST Zeda in your mouth, and what you envy may make you the most painful. So, think about how fair the world is.

As a hard technology entrepreneur or entrepreneur, in fact, it is easiest to understand what is "hard", and hard technology indicators without data quantification are no different from playing rogue. Therefore, for most entrepreneurs with technical backgrounds, the meaning of hard technology is best understood. In fact, even into the era of the digital economy, there are still a lot of technical entrepreneurs do not attach great importance to intellectual property, especially invention patents, to their business experience, knowhow is the core of the enterprise, the core of the enterprise is the existence of technical secrets, so when the enterprise needs to meet the hard technology attributes of the science and technology board to understand the importance of invention patents.

On December 30, 2022, the China Securities Regulatory Commission revised the Guidelines for the Evaluation of the Attributes of Science and Technology Innovation (Trial), revising one of the most important indicators for judging the attributes of science and technology innovation，Amend "more than 5 invention patents that form the main business income" to "more than 5 invention patents that are applied to the company's main business".

One "formation" and one "application", the distinction of the word reflects a major change in the evaluation of the attribute of science and innovation. For science and innovation enterprises that have been established for a short time or have formed more than 5 invention patents for their main business for a short time, they need to use the capital market to form relatively leading technological and capital advantages, and also need the market to test whether the invention patented products can form a market and form stable revenue. The quantification of invention patents by contract and income is already a stable application. Obviously, the revenue of science and technology enterprises must be based on the revenue of more than 5 invention patents in order to prove whether the enterprise has the conditions of hard technology and whether it has to enter the science and technology board.