Core Insights - The successful listing of companies on the US stock market is not merely a trend-following adventure but a journey that requires a precise match with the market's expectations and characteristics [1] Group 1: Financial Health - The US stock market emphasizes the importance of sustainable profitability and robust cash flow, requiring clear profit models and healthy financial statements as fundamental thresholds [2] - Even for unprofitable emerging industry companies, it is essential to demonstrate a clear path to profitability, verifiable growth data, and reasonable cost control capabilities [2] Group 2: Industry Adaptability - Investors in the US market show a strong preference for sectors such as high technology, biomedicine, new energy, and consumer innovation, which often receive valuation premiums due to their growth and disruptive potential [4] - Companies in traditional industries must showcase unique competitive advantages, technological barriers, or successful global expansion capabilities to attract international capital [4] Group 3: Corporate Governance - A clear and stable ownership structure, effective internal control systems, and compliance with international disclosure standards are essential for gaining institutional investor trust and meeting US regulatory requirements [6] - Many Chinese concept stocks face risks not from their business operations but from issues related to opaque corporate governance, complex related-party transactions, or compliance loopholes [6] Group 4: Global Expansion Potential - The US market pays close attention to a company's potential for global expansion and execution capabilities, including cross-regional operational experience, brand recognition in overseas markets, and the ability to navigate different regulatory environments [8] - Companies lacking global elements often struggle to stand out in the highly competitive US market [8]