Core Insights - The China Securities Regulatory Commission (CSRC) released the 2024 Annual Financial Report Accounting Supervision Report, indicating that listed companies generally comply with accounting standards and financial disclosure rules, but some companies still exhibit errors in accounting treatment and financial information disclosure [1] Group 1: Financial Reporting Compliance - A total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports by April 30, 2025, including 3,185 from the main board, 1,377 from the ChiNext, 586 from the Sci-Tech Innovation Board, and 265 from the Beijing Stock Exchange [1] - Among the companies that disclosed their reports, 192 received non-standard audit opinions, with 56 having unqualified opinions with emphasis of matter, 35 with unqualified opinions regarding going concern, and 8 with both emphasis of matter and going concern in unqualified opinions [1] Group 2: Regulatory Actions and Recommendations - The CSRC emphasized the importance for listed companies and intermediary institutions, such as accounting firms, to address the issues highlighted in the accounting supervision report and to correct errors in financial reports promptly [1] - The commission aims to enhance the understanding and execution of accounting standards and financial disclosure rules, thereby improving the quality of accounting information disclosure and promoting high-quality development of the capital market [1]

Core Insights - The China Securities Regulatory Commission (CSRC) released the "2024 Annual Financial Report Accounting Supervision Report," indicating that 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports by April 30, 2025 [1] - Among the companies that disclosed their reports, 192 received non-standard audit opinions, including 56 with unqualified opinions containing emphasis of matter paragraphs and 35 with unqualified opinions containing going concern paragraphs [1] - The report highlights that while companies generally adhere to accounting standards and disclosure rules, there are still issues in areas such as revenue recognition, long-term equity investments, financial instruments, asset impairment, and non-recurring gains and losses [1] Regulatory Actions - The CSRC plans to continue monitoring accounting information disclosure issues identified in the reports and will enforce regulatory actions as per established guidelines [2] - There will be an emphasis on enhancing the regulatory framework for financial report disclosures and improving regulatory effectiveness [2] - The CSRC urges listed companies and intermediary institutions to address the issues raised in the accounting supervision report promptly and to improve their understanding and execution of accounting standards and disclosure rules [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released the 2024 Annual Financial Report Accounting Supervision Report, emphasizing the need for ongoing scrutiny of accounting information disclosure issues among listed companies and enhancing regulatory effectiveness [1][4]. Group 1: Financial Reporting Overview - As of April 30, 2025, a total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports, including 3,185 from the main board, 1,377 from the ChiNext, 586 from the Sci-Tech Innovation Board, and 265 from the Beijing Stock Exchange [1]. - Among the companies that disclosed their reports, 192 received non-standard audit opinions, with 56 having unqualified opinions with emphasis of matter, 35 with unqualified opinions related to going concern, 8 with both emphasis and going concern matters, 72 with qualified opinions, and 21 with disclaimers of opinion [1]. Group 2: Accounting Issues Identified - The CSRC identified several accounting treatment and financial disclosure errors among listed companies, particularly in areas such as revenue recognition, long-term equity investments, and financial instruments [2]. - Specific issues related to revenue included improper application of the time period method for revenue and cost recognition, incorrect accounting for sales revenue under pricing models, and inadequate handling of sales rebates [2]. - Problems concerning long-term equity investments and business combinations included incorrect judgments regarding the scope of consolidated financial statements and improper recognition of goodwill arising from step acquisitions of businesses under common control [2][3]. Group 3: Regulatory Actions and Recommendations - The CSRC plans to continue monitoring and addressing the identified accounting disclosure issues, aiming to enhance the regulatory framework and improve the quality of financial reporting [4]. - Companies and accounting firms are urged to take the issues highlighted in the report seriously, correct any errors in financial reports promptly, and improve their understanding and execution of accounting standards and disclosure rules [4].

Group 1 - The core viewpoint of the report is that while listed companies in China generally adhere to accounting standards and financial disclosure rules, there are still instances of accounting treatment or financial disclosure errors among some companies [1][2] - As of April 30, 2025, a total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports, including 3,185 from the main board, 1,377 from the ChiNext, 586 from the Sci-Tech Innovation Board, and 265 from the Beijing Stock Exchange [1] - Among the companies that disclosed their annual financial reports, 192 received non-standard audit opinions, including 56 with unqualified opinions containing emphasis of matter, 35 with unqualified opinions containing going concern issues, 8 with both emphasis of matter and going concern issues, 72 with qualified opinions, and 21 with disclaimers of opinion [1] Group 2 - Specific issues identified include improper revenue recognition methods, incorrect accounting for long-term equity investments and business combinations, and inappropriate handling of financial instruments [2] - The China Securities Regulatory Commission (CSRC) plans to continue monitoring the accounting information disclosure issues identified and will enhance the regulatory framework to improve the effectiveness of financial reporting oversight [2] - The CSRC emphasizes the importance for listed companies and intermediary institutions, such as accounting firms, to address the issues raised in the accounting regulatory report and to improve the quality of financial information disclosure [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the need for ongoing supervision and improvement of financial reporting and disclosure practices among listed companies, following the release of the 2024 annual financial report accounting regulatory report [1][3]. Group 1: Financial Reporting Overview - As of April 30, 2025, a total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports, including 3,185 from the main board, 1,377 from the ChiNext, 586 from the Sci-Tech Innovation Board, and 265 from the Beijing Stock Exchange [1]. - Among the companies that disclosed their reports, 192 received non-standard audit opinions, with 56 having unqualified opinions with emphasis of matter, 35 with unqualified opinions related to going concern, 8 with both emphasis and going concern matters, 72 with qualified opinions, and 21 with disclaimers of opinion [1]. Group 2: Identified Issues in Financial Reporting - The report highlights seven key areas of concern, including improper revenue recognition, incorrect accounting for long-term equity investments and business combinations, and issues related to financial instruments [2]. - Specific issues include failure to appropriately apply the time period method for revenue and cost recognition, improper accounting for sales revenue under pricing models, and incorrect handling of sales rebates [2]. - The report also notes that some companies incorrectly assessed the scope of consolidated financial statements and mishandled goodwill arising from business combinations [2]. Group 3: Regulatory Actions and Recommendations - The CSRC plans to continue monitoring and addressing the identified accounting disclosure issues, enhancing the regulatory framework and effectiveness of financial reporting oversight [3]. - Companies and accounting firms are urged to take the report's findings seriously, correct any errors in financial reports, and improve their understanding and execution of accounting standards and disclosure rules [3]. - The CSRC aims to enhance the consistency and effectiveness of the implementation of accounting standards and financial disclosure rules in the capital market [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) released the 2024 Annual Financial Report Accounting Supervision Report, highlighting the performance and compliance of listed companies in the A-share market regarding financial reporting and accounting standards [1] Group 1: Financial Reporting Overview - As of April 30, 2025, a total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports, including 3,185 from the main board, 1,377 from the ChiNext, 586 from the Sci-Tech Innovation Board, and 265 from the Beijing Stock Exchange [1] - Among the companies that disclosed their reports, 192 received non-standard audit opinions, with 56 having unqualified opinions with emphasis of matter, 35 with unqualified opinions regarding going concern, 8 with both emphasis of matter and going concern, 72 with qualified opinions, and 21 with disclaimers of opinion [1] Group 2: Regulatory Actions and Future Plans - The CSRC plans to continue monitoring and addressing the accounting information disclosure issues identified in the reports, ensuring strict regulatory follow-up [2] - There will be an emphasis on enhancing the regulatory framework for financial report information disclosure and improving regulatory effectiveness [2] - The CSRC encourages listed companies and intermediary institutions to take the issues raised in the accounting supervision report seriously, correct errors in financial reports, and improve their understanding and execution of accounting standards and disclosure rules [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has reported that as of April 30, 2025, a total of 5,413 listed companies in the A-share market disclosed their 2024 annual financial reports, with a significant number receiving non-standard audit opinions, indicating ongoing issues in financial reporting and compliance [1][2]. Group 1: Financial Reporting Issues - Among the listed companies, 192 received non-standard audit opinions, including 56 with unqualified opinions containing emphasis of matter paragraphs and 35 with unqualified opinions containing going concern paragraphs [1]. - The CSRC identified that some companies had accounting treatment or financial information disclosure errors, particularly in areas such as revenue recognition, long-term equity investments, and asset impairment [3][4]. Group 2: Specific Accounting Issues - Revenue-related issues included improper application of the time period method for revenue recognition, incorrect accounting for sales revenue under point pricing models, and inadequate handling of sales rebates and contract fulfillment costs [3]. - Long-term equity investment and business combination issues involved incorrect judgment of the scope of consolidated financial statements and improper recognition of goodwill in non-simultaneous control business combinations [3][4]. Group 3: Regulatory Actions and Future Steps - The CSRC plans to continue monitoring and reviewing the identified accounting disclosure issues, ensuring strict regulatory follow-up [6][7]. - There will be an emphasis on enhancing the regulatory framework for financial reporting disclosures and improving the effectiveness of regulatory mechanisms [6][7]. - Companies and accounting firms are urged to address the issues highlighted in the regulatory reports promptly and improve their understanding and execution of accounting standards and disclosure rules [7].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has conducted a sampling review of the 2024 annual financial reports of listed companies, resulting in the "Accounting Regulatory Report on the 2024 Annual Financial Reports of Listed Companies," indicating that while most companies comply with accounting standards and disclosure rules, some still exhibit errors in accounting treatment or financial information disclosure [1] Group 1 - The overall execution of accounting standards and financial information disclosure rules by listed companies is satisfactory [1] - Certain companies have identified issues in areas such as revenue, long-term equity investments, business combinations, financial instruments, asset impairment, and non-recurring gains and losses [1] - The CSRC plans to continue monitoring the accounting information disclosure issues identified during the review and will enforce regulatory actions as per the established guidelines [1] Group 2 - The CSRC aims to enhance the regulatory oversight of financial report disclosures and improve the regulatory mechanism to increase effectiveness [1] - There will be a focus on providing practical guidance on accounting issues that are currently hot topics in the market, aiming to improve the consistency and effectiveness of the implementation of accounting standards and disclosure rules in the capital market [1]