以下文章来源于e公司 ，作者证券时报 胡敏文 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能 影响上市公司股价的主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 那么，为何近期上市公司频繁出现总额法与净额法的使用纠偏？当上市公司因改用净额法致使营收规模大幅"缩水"时，投资者该如何校准自己 的估值判断呢？ 2025年以来，A股上演收入确认"大洗牌"。 *ST沪科对农产品贸易业务"动刀"，将收入核算方式从总额法改为净额法，直接导致2024年1—9月营收锐减九成以上；特锐德对充电运营业务中 的电费收入确认规则进行重新认定，调减2023年度营业收入19亿元。 据证券时报记者不完全统计，今年以来，已有超过30家上市公司在会计差错更正相关公告中，宣布收入确认方法由总额法改为净额法，更正后 收入合计调减过百亿元。 这也是近年监管重点核查领域。ST舜天、ST华闻、中泰化学等多家上市公司，就曾因错误适用总额法导致收入核算不准确，而受到监管部门的 处罚。 年内超30家差错更正 梳理多家上市公司会计差错更正 ...

Core Viewpoint - Since 2025, A-shares have experienced a significant reshuffling in revenue recognition methods, with over 30 listed companies adjusting their accounting practices, leading to a total revenue reduction exceeding 10 billion yuan [1][2]. Group 1: Revenue Recognition Adjustments - More than 30 listed companies have announced corrections related to revenue recognition methods, switching from gross to net accounting, resulting in a total revenue adjustment of over 10 billion yuan [1]. - Companies like *ST Hu Ke and Te Rui De have made significant adjustments, with *ST Hu Ke's revenue dropping by over 90% for the first nine months of 2024 due to the change in accounting method [1]. - The adjustments are primarily concentrated in trade, especially in bulk commodities and supply chain trade, where misapplication of revenue recognition methods is common [2]. Group 2: Areas of Misapplication - The misapplication of revenue recognition methods is prevalent in several sectors, including trade, charging services, and technical services [2]. - For instance, companies like Aote Xun and Beiba Media have changed their revenue recognition from gross to net due to their role as service intermediaries in the new energy charging service business [2]. - Other sectors affected include e-commerce platform operations, advertising agency services, and entrusted processing, where the choice between gross and net accounting is frequently misused [2]. Group 3: Regulatory and Practical Challenges - The improper use of gross and net methods has been highlighted in multiple regulatory cases, with 63 companies penalized by the China Securities Regulatory Commission for such misapplications since 2020 [4]. - The complexity of determining control transfer and the distinction between principal and agent roles in transactions complicates the correct application of revenue recognition methods [5]. - Regulatory bodies have emphasized the need for clearer guidelines and training to help companies navigate the complexities of revenue recognition [7]. Group 4: Investor Considerations - Investors are advised to focus on cash flow rather than revenue, remain cautious of companies frequently changing their main business, and avoid complex related-party transactions that may indicate financial manipulation [8]. - The use of net accounting can reflect a company's true commercial role, and investors should analyze the underlying business logic and regulatory dynamics to assess revenue authenticity [7][8].