A股上市公司信披质量优良率达85.24%

Core Viewpoint - The evaluation results of information disclosure quality for A-share listed companies indicate a significant focus on improving transparency and governance in the capital market, with a total of 5,366 companies evaluated and a notable number achieving high ratings [1][2]. Group 1: Evaluation Results - A total of 5,366 A-share listed companies participated in the evaluation, with 1,001 companies rated as Class A (Excellent), 3,573 as Class B (Good), 653 as Class C (Qualified), and 139 as Class D (Unqualified) [1][2]. - The proportion of Class A to D companies from 2024 to 2025 is 18.65%, 66.59%, 12.17%, and 2.59% respectively, showing a slight improvement in the quality of information disclosure compared to the previous evaluation period [2]. Group 2: Regulatory Measures - Regulatory authorities are enhancing the quality of information disclosure through clearer guidelines and stringent penalties for violations, aiming to establish a robust accountability framework for listed companies [1][4]. - Since 2024, the China Securities Regulatory Commission has investigated 67 delisted companies for violations, with 33 cases referred for potential criminal charges related to information disclosure [4]. Group 3: Future Directions - Experts suggest that future evaluations may focus more on the effectiveness and relevance of disclosures, potentially linking evaluation results to market activities such as refinancing and mergers [1][3]. - There is a call for a multi-dimensional approach to improve information disclosure quality, including regulatory enhancements, technological advancements, and increased awareness among company management [5].