As a listed company, you must at least reach a certain scale. Your annual turnover, company valuation—all these have certain requirements. It's impossible to list a company valued at just a few billion, right!
Moreover, Sanjie's Mingzhu Fruit Store only has over a hundred stores, with a monthly turnover of just a few million, at most slightly over ten million, and it's difficult to achieve an annual sales of over one billion.
The gross profit margin is just one to two million yuan at most, and net profit is even less. At this scale, it's impossible to meet the listing requirements.
A minimum of over a thousand stores is required. I remember Baiguoyuan Fruit Chain Store in Shenzhen didn't get listed until 2003 when it had about four to five thousand franchised stores, with an annual sales of over ten billion and a profit of over two hundred million, valued at over nine billion.
