A股数据资产入表观察：3.57%增速背后的挑战与破局

Core Insights - The process of data asset disclosure among A-share listed companies has slowed down, with only 101 companies reporting a total data asset scale of 2.971 billion yuan in the 2025 Q3 reports, compared to a much higher growth rate of 78.80% in 2024 [1][2] - The focus has shifted from merely disclosing data assets to improving the quality and management of these assets, indicating a maturation of the market [3][4] Group 1: Data Asset Disclosure Trends - In 2024, 91 A-share listed companies completed data asset disclosure, totaling 2.081 billion yuan, with a quarterly average growth rate of 78.80% [2] - By 2025, the quarterly average growth rate of companies disclosing data assets dropped to 3.57%, with 93, 100, and 101 companies reporting in Q1, Q2, and Q3 respectively [2][3] - The majority of data asset disclosures are concentrated among state-owned enterprises and major telecommunications companies, with the three major operators accounting for 60.15% of the total disclosed data asset scale [3] Group 2: Challenges and Opportunities - The challenges for companies in disclosing data assets have shifted from "whether to disclose" to "how to disclose efficiently and in compliance," focusing on valuation standards, regulatory compliance, and data governance [3][4] - Despite the slowdown, the long-term demand for data assetization remains strong, supported by ongoing policy incentives and a growing recognition of data's strategic value among enterprises [4][5] Group 3: Recommendations for Companies - Companies are encouraged to recognize the strategic value of data and integrate data asset management into their annual plans and performance assessments [6] - Establishing a comprehensive data governance framework and a dedicated data management department is essential for effective data asset management [6] - Collaboration among service providers, industry associations, and policymakers is crucial to address challenges in valuation, compliance, and to promote best practices [5][6]