智通财经APP讯，剑桥科技(06166)发布公告，鉴于中国企业会计准则及国际财务报告准则已实现实质性 趋同，为进一步提升资讯披露效率、简化财务编制流程、节约披露成本及审计费用，本公司将自2025年 年度财务报告开始，统一采用中国企业会计准则编制财务报告及披露相关财务资料。 鉴于本公司于2025年4月28日召开的2024年年度股东大会审议聘任的2025年度境内财务报告审计机构致 同会计师事务所(特殊普通合伙)已获中国财政部及中国证监会的认可，并有资格向中国发行人提供使用 中国内地审计准则的审计服务。因此，本公司将不再另行单独聘任境外财务报告审计机构，2025年度由 致同会计师事务所(特殊普通合伙)一併承担本公司A股及H股财务报告审计职责，审计报酬不发生变 化。 本公司董事会审计委员会全体委员和董事会全体董事一致认为：鉴于中国企业会计准则与国际财务报告 准则已实现实质性趋同，相关政策档亦支持内地企业采用中国准则编制H股财务报告。统一准则有利于 提升资讯披露效率，降低编制成本，且不会对财务报告的真实性、准确性及投资者决策产生重大不利影 响;境内审计机构致同会计师事务所(特殊普通合伙)具备为中国发行人提供审计服务的资 ...

国际财务报告准则基金会宣布与中国财政部续签了现有的谅解备忘录。根据续签的谅解备忘录，基金会 下设的北京办公室将继续负责国际可持续准则理事会（简称ISSB）相关工作，并通过北京办公室支持 ISSB在中国及其他发展中和新兴经济体开展交流合作、能力建设和创新实践工作。 此次续签谅解备忘录是国际财务报告准则基金会受托人主席埃尔基·利卡宁（Erkki Liikanen）于12月10 日和11日访问北京期间完成。此次访华是利卡宁为期一周的亚洲行程的一部分。 除续签谅解备忘录外，利卡宁先生还对任命张敏文女士为国际可持续准则理事会主席特别顾问兼国际财 务报告准则基金会北京办公室主任表示欢迎。张敏文女士在国际经济、金融及发展合作领域拥有丰富经 验，曾代表中国财政部参与亚太经合组织及东盟等多边机制的相关事务，并曾在世界银行集团（华盛 顿）与亚洲开发银行（马尼拉）任职。 来源：国际可持续准则理事会ISSB 国际财务报告准则基金会宣布与中国财政部续签了现有的谅解备忘录。根据续签的谅解备忘录，基金会 下设的北京办公室将继续负责国际可持续准则理事会（简称ISSB）相关工作，并通过北京办公室支持 ISSB在中国及其他发展中和新兴经济体开展 ...

Group 1 - The Ministry of Finance has issued an opinion to strengthen the implementation of accounting laws and the national unified accounting system, consisting of seven parts and fifteen aspects [3][5] - The first part outlines the overall requirements, clarifying the guiding ideology and main objectives [5] - The second part specifies the accounting responsibilities of the unit as the accounting entity, including handling accounting affairs, strengthening organizational and personnel arrangements, and conducting internal supervision [5] Group 2 - The third part defines the responsibilities of relevant personnel within the unit, including the unit leader, chief accountant, accounting staff, and other personnel [5] - The fourth part details the responsibilities of accounting service institutions, including bookkeeping agencies, accounting firms, and software service providers [5] - The fifth part clarifies the regulatory responsibilities of government departments, including financial and supervisory departments [5] Group 3 - The sixth part emphasizes the self-regulatory responsibilities of industry associations, such as the CPA association and bookkeeping industry association [5] - The seventh part calls for strengthening organizational leadership, requiring regions and departments to conduct training and ensure implementation [5] - The document also highlights the importance of maintaining and consistently applying international financial reporting standards and updates from the International Financial Reporting Standards Interpretations Committee [6]

Core Viewpoint - The company reported a significant decline in coal business revenue and profit for the first nine months of 2025 compared to the same period in 2024, primarily due to falling coal prices and reduced sales volume [6][8][10]. Financial Performance - For the first nine months of 2025, the coal business achieved operating revenue of 89.33 billion yuan, a decrease of 28.52 billion yuan or 24.2% compared to 117.85 billion yuan in the same period of 2024 [6][7]. - The revenue from self-produced coal sales was 48.13 billion yuan, down 9.18 billion yuan or 16.0% year-on-year, mainly due to a price drop of 97 yuan per ton [6][7]. - The operating cost for the coal business was 66.81 billion yuan, a reduction of 21.79 billion yuan or 24.6% compared to 88.60 billion yuan in the previous year [7][8]. - The gross profit for the coal business was 22.52 billion yuan, down 6.73 billion yuan or 23.0% from 29.25 billion yuan in the same period last year [8][9]. Production and Sales Data - The total sales volume of coal for the first nine months of 2025 was 14.45 million tons, an increase from 12.94 million tons in the same period of 2024 [9]. - The unit sales cost of self-produced coal was 257.67 yuan per ton, a decrease of 28.93 yuan per ton or 10.1% year-on-year [9]. Shareholder Information - As of September 30, 2025, the company held 7,614,346,308 A-shares, accounting for 57.43% of the total issued share capital [10][11]. - The company’s major shareholders include China Coal Energy Group, which holds approximately 58.43% of the total issued share capital through its subsidiaries [10][11]. Board Meeting Decisions - The board approved the third-quarter report for 2025 with unanimous support [15][16]. - The board also approved the acquisition of a 30% stake in Shanxi Zhongmei Pingshuo New Energy Co., Ltd. for 114.93 million yuan [15][16]. - Additionally, the board approved revisions to the senior management compensation management measures and the compensation plans for 2024 and 2025 [17][19].

Core Viewpoint - There is a significant discrepancy between the financial data reported in the Hong Kong IPO prospectus and the A-share annual report of Shouchuang Securities, with a total revenue difference of 31 billion yuan for the years 2022-2024 [1] Financial Data Discrepancy - The total revenue disclosed in the Hong Kong IPO prospectus for 2022-2024 is 91.16 billion yuan, while the A-share annual report shows a total of 59.33 billion yuan for the same period [1] - The difference in revenue represents a variation of between one-third to one-half [1] Accounting Standards - The financial report in the Hong Kong IPO prospectus is prepared based on International Financial Reporting Standards (IFRS), which includes various income sources such as commission income, interest income, investment income, and other gains and losses [1] - The A-share financial report is based on Chinese Accounting Standards, which reports net commission income and net interest income, among other categories [1] Source of Discrepancy - The primary reason for the discrepancy lies in how commission and interest expenses are treated, either as deductions from revenue or as total expenses [1] - Differences in segment reporting of income and expenses are also attributed to the varying accounting standards used [1]

Group 1 - The article summarizes important developments and hot topics in accounting for Q3 2025, providing insights into the latest trends in the field [2] - It includes updates from various regulatory bodies such as the Ministry of Finance and the China Securities Regulatory Commission, highlighting new guidelines and reports [4] - The article discusses the IFRS Foundation's updates on accounting standards and the implementation of sustainable reporting guidelines [4] Group 2 - The Ministry of Finance released a draft for public consultation regarding the implementation of accounting standards for insurance contracts [4] - The China Securities Regulatory Commission published a regulatory report on annual reports of listed companies, indicating ongoing oversight in financial reporting [4] - The International Accounting Standards Board initiated a post-implementation review of IFRS 16, reflecting a commitment to continuous improvement in accounting standards [4]

Group 1 - IFRS 19 is a simplified disclosure standard within the IFRS family aimed at reducing reporting costs for eligible subsidiaries by allowing them to adopt less complex disclosure requirements while maintaining the same recognition and measurement rules [1][2][20]. - The standard is voluntary, meaning eligible companies can choose whether or not to adopt it [2]. Group 2 - Eligible subsidiaries must meet two criteria: they do not have public accountability (i.e., their stocks or bonds are not publicly traded) and their parent company prepares consolidated financial statements in accordance with full IFRS [3]. - The adoption of IFRS 19 can help eliminate the complexity of dual reporting, where subsidiaries maintain two sets of accounts to meet different reporting requirements [4][5][7]. Group 3 - IFRS 19 can significantly reduce the disclosure burden for subsidiaries currently using full IFRS, as it allows them to reduce the amount of information they need to disclose by over 70%, according to IASB assessments [12][21]. - This reduction in disclosure requirements can lead to substantial savings in time and auditing costs for subsidiaries [13][21]. Group 4 - The benefits of adopting IFRS 19 depend on several factors, including the current accounting policies used by the company, the internal financial reporting systems, the number of subsidiaries opting for IFRS 19, and the scale and complexity of the subsidiary's operations [14][16][18]. - Companies may incur one-time transition costs when adopting the new standard, such as adjusting financial reporting systems and identifying new disclosure requirements [18][19]. Group 5 - IFRS 19 serves as a "disclosure relief package" for non-public companies within a group that reports under IFRS, simplifying their reporting process and potentially leading to significant cost savings [20][21].

Group 1 - The China Securities Regulatory Commission (CSRC) has released the "Accounting Regulatory Report for Annual Financial Reports of Listed Companies in 2024," indicating that listed companies generally comply well with accounting standards and financial disclosure rules, although some companies have errors in accounting treatment or financial disclosures related to revenue, long-term equity investments, business combinations, financial instruments, asset impairment, and non-recurring gains and losses [3] - The International Accounting Standards Board (IASB) has provided updates on its agenda, including research and standard-setting activities, maintenance and consistent application of standards, and governance strategies [4] - The International Sustainability Standards Board (ISSB) has outlined its work plan, including revisions to greenhouse gas emissions disclosure, and has published materials related to the application of international financial reporting standards [5][6] Group 2 - The latest updates from the IASB include topics such as financial instruments with equity characteristics, business combinations, cash flow statements, and indicators for assessing hyperinflationary economies [6] - The ISSB is focusing on biodiversity, ecosystems, and human capital as part of its sustainability reporting initiatives [7] - The IASB has released a climate-related example and a financial reporting example for real estate companies for 2024 [9]

Core Insights - The publication aims to provide analytical opinions on accounting treatments based on China's accounting standards and international financial reporting standards, referencing other capital market practices when necessary [3] - The book is intended to help market participants better understand the relevant regulations of China's accounting standards and international financial reporting standards, facilitating effective professional judgment [3] - The initiative encourages all participants in the capital market to enhance research on accounting issues faced by listed companies, promoting the improvement of financial information disclosure quality [3]

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The Shanghai Stock Exchange has released updated guidelines for information disclosure and verification requirements for initial public offerings, effective from December 31, 2024 [1] - The Shenzhen Stock Exchange has revised its guidelines for initial public offering review points, which will also take effect on December 31, 2024 [3] - The Shanghai and Shenzhen Stock Exchanges have both introduced sustainable development reporting guidelines to assist listed companies in establishing governance structures and management processes for sustainability [2][4] Summary by Relevant Sections Shanghai Stock Exchange - The updated guidelines include a self-check list for common issues in information disclosure for IPOs, aimed at improving the quality of disclosures [1] - The sustainable development reporting guidelines provide a framework for companies to report on sustainability issues, including climate change [2] Shenzhen Stock Exchange - The revised guidelines emphasize the responsibility of issuers and intermediaries in ensuring the quality of information disclosure for IPOs [3] - The sustainable development reporting guidelines outline the principles and methods for identifying and analyzing significant issues related to sustainability [4] Beijing Stock Exchange - The sustainable development reporting guidelines released by the Beijing Stock Exchange mirror those of the Shanghai and Shenzhen exchanges, focusing on governance and climate change [5] International Accounting Standards Board - The IASB has updated its work plan to include research on pollution pricing mechanisms and improvements in the disclosure of contingent liabilities [7] - The IASB has also made targeted amendments to IFRS related to contracts dependent on natural energy production [11] International Sustainability Standards Board - The ISSB is working on guidelines related to biodiversity and ecosystem services, as well as the implementation of sustainability disclosure standards [8]