特别处理(简称ST)是中国证券市场对上市公司出现异常状况的特别标识。本文以2002年上市公司的年报为依据,对2003年部分上市公司被特别处理的原因进行以下探讨。一、上市公司被特别处理的财务原因分析通过统计,我们发现在历年的ST公司中,连续两年亏损的占总数的60%左右,每股净资 Special Treatment (referred to as ST) is a special identification of the abnormal situation of listed companies in China’s securities market. Based on the annual reports of listed companies in 2002, this article discusses the following reasons for the special treatment of some listed companies in 2003. First, the financial analysis of listed companies were specially processed Through statistics, we found that ST companies in the calendar year, the loss for two consecutive years accounted for 60% of the total, net per share