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As of April 30, 2024, a total of 5,354 listed companies in the A-share market disclosed their 2023 annual financial reports, including 3,195 on the main board, 1,340 on the ChiNext, 571 on the Science and Technology Innovation Board, and 248 on the Beijing Stock Exchange. 4,228 companies achieved profits and 1,126 suffered losses. Among the listed companies that disclosed their annual financial reports on schedule, 209 companies were issued audit reports with non-standard audit opinions, including 29 companies with disclaimers of opinion, 85 companies with qualified opinions, and 95 companies with unqualified opinions with explanatory paragraphs.

In order to understand the implementation of enterprise accounting standards and financial information disclosure rules by listed companies, the Accounting Department of the China Securities Regulatory Commission organized a special force to sample and review the annual financial reports of listed companies in 2023. Overall, listed companies are able to better understand and implement enterprise accounting standards and financial information disclosure rules, but some listed companies still have accounting treatment or financial information disclosure errors in terms of revenue, long-term equity investment and corporate mergers, financial instruments, asset impairment, income tax, and non-recurring gains and losses.

1. Income-related issues

(I) Failure to properly identify performance obligations and measure revenue