First, the release time of the annual report of listed companies.
For listed companies, the release time of their annual reports is strictly regulated by the securities regulatory agencies. Taking China as an example, the China Securities Regulatory Commission requires listed companies to publish the annual report of the previous year before April 30th every year. This provision ensures that investors can obtain the company's operating conditions and financial information in time, so as to make more informed investment decisions.
Before the release of the annual report, listed companies usually need to be audited by audit institutions to ensure that the financial data in the annual report is true, accurate and complete. After the audit is completed, the company will submit the annual report to the securities regulatory agency for review, and it will not be officially announced until it is approved.
Two. Release time of annual report of unlisted company
Unlisted companies are relatively flexible in publishing annual reports. These companies may determine the release time of the annual report according to the articles of association, internal regulations or industry habits. Some companies may choose to publish annual reports at the annual general meeting of shareholders or the board of directors, so as to let shareholders and stakeholders know about the company's operation and financial situation.
The annual report of a non-listed company may not need to be audited by the securities regulatory agency, but it still needs to ensure the authenticity and accuracy of the data. Some companies may choose to hire professional audit institutions to audit, so as to improve the credibility of the annual report.
Iii. Contents of the annual report
Whether it is a listed company or a non-listed company, its annual report should contain information such as the company's operation, financial status, governance structure and social responsibility. This information helps investors and stakeholders to fully understand the company's operating conditions and development prospects.
To sum up:
The release time of the company's annual report varies according to the company type and the laws and regulations in the region. Listed companies need to publish annual reports within a specific period according to the requirements of the securities regulatory authorities, while non-listed companies can determine the publication time according to the company's articles of association, internal regulations or industry habits. No matter what kind of company, its annual report should contain comprehensive, true and accurate information, so that investors and stakeholders can understand the company's operating conditions and development prospects.
Legal basis:
Company Law of the People's Republic of China
Article 1 16 stipulates:
The company shall regularly publish financial and accounting reports to shareholders, and make and submit financial and accounting reports in accordance with laws, administrative regulations and the provisions of the financial department of the State Council.
People's Republic of China (PRC) Securities Law
Article 79 provides that:
Listed companies and bond issuing companies shall, in accordance with the provisions of laws and administrative regulations, regularly publish financial and accounting reports and operating conditions, submit interim reports and annual reports to the State Council securities regulatory authorities and stock exchanges, and make an announcement.