Core Viewpoint - The China Securities Regulatory Commission (CSRC) released a report indicating that while listed companies generally comply with accounting standards and financial disclosure rules, there are still issues related to accounting treatment and financial information disclosure in certain areas [1][2]. Group 1: Financial Reporting Issues - 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, including 56 with unqualified opinions containing emphasis of matter, 35 with unqualified opinions containing going concern issues, and 72 with qualified opinions [1]. Group 2: Revenue Recognition Issues - The report identified that some companies improperly recognized revenue and costs using the time period method, miscalculated sales revenue under point pricing models, and inadequately handled sales rebates and contract fulfillment costs [2]. Group 3: Long-term Investments and Mergers - Issues were noted in the areas of long-term equity investments and business combinations, including incorrect judgments on the scope of consolidated financial statements and improper recognition of goodwill from step acquisitions of businesses under common control [2]. Group 4: Financial Instruments and Asset Impairment - The report highlighted problems with the recognition and measurement of financial instruments, such as inappropriate provisions for expected credit losses and misclassification of equity investments [2]. - Additionally, some companies failed to appropriately recognize inventory impairment and did not accurately measure the recoverable amount of assets [2]. Group 5: Disclosure and Regulatory Actions - The CSRC plans to continue monitoring the accounting information disclosure issues identified in the report, enhance the regulatory framework for financial reporting, and provide practical guidance on accounting issues that are of market concern [3].