The China Securities Regulatory Commission organized a special team to sample and review the 2025 annual financial reports of listed companies, and formed the “Accounting Supervision Report for the 2025 Annual Financial Report of Listed Companies” on this basis. Overall, listed companies can better understand and implement corporate accounting standards and financial information disclosure rules, but some listed companies still have accounting processing or financial information disclosure errors in terms of revenue, financial instruments, long-term equity investments and corporate mergers, asset impairment, and R&D expenses. In response to the above issues, the next step of the China Securities Regulatory Commission will focus on advancing the following tasks: First, thoroughly implementing the decisions and arrangements of the Party Central Committee and the State Council, continuously improving the working mechanism for financial information disclosure and supervision of listed companies, and continuously improving the effectiveness of supervision. The second is to continue to follow up on all kinds of issues discovered in the review of financial reports of listed companies, and carry out follow-up supervision and treatment in accordance with the law and regulations. The third is to strengthen supervision coordination and unify the caliber of supervision around key common issues discovered in the supervisory work. Fourth, strengthen practical guidance on hot and difficult accounting practice issues in the market, and continuously enhance the consistency and effectiveness of the capital market's implementation of corporate accounting standards and financial information disclosure rules.

The China Securities Regulatory Commission organized a special team to sample and review the 2025 annual financial reports of listed companies, and formed the “Accounting Supervision Report for the 2025 Annual Financial Report of Listed Companies” on this basis. Overall, listed companies can better understand and implement corporate accounting standards and financial information disclosure rules, but some listed companies still have accounting processing or financial information disclosure errors in terms of revenue, financial instruments, long-term equity investments and corporate mergers, asset impairment, and R&D expenses. In response to the above issues, the next step of the China Securities Regulatory Commission will focus on advancing the following tasks: First, thoroughly implementing the decisions and arrangements of the Party Central Committee and the State Council, continuously improving the working mechanism for financial information disclosure and supervision of listed companies, and continuously improving the effectiveness of supervision. The second is to continue to follow up on all kinds of issues discovered in the review of financial reports of listed companies, and carry out follow-up supervision and treatment in accordance with the law and regulations. The third is to strengthen supervision coordination and unify the caliber of supervision around key common issues discovered in the supervisory work. Fourth, strengthen practical guidance on hot and difficult accounting practice issues in the market, and continuously enhance the consistency and effectiveness of the capital market's implementation of corporate accounting standards and financial information disclosure rules.