Legal analysis: failure to participate in the annual report of the enterprise will generally have the following consequences: 1, which will be listed in the business exception list; 2, will be punished by the administrative department for Industry and commerce; 3. If an enterprise fails to fulfill its obligation to participate in the annual report of the enterprise for three consecutive years, it will be included in the blacklist of enterprises, which will affect the personal credit reporting project of the enterprise as a legal person. The main contents of the "annual report" of an enterprise include the capital contribution and assets of the company's shareholders (promoters). Enterprises are responsible for the authenticity and legality of the annual report, and the industrial and commercial authorities may conduct spot checks on the publicity contents of the annual report of enterprises. Upon inspection, if it is found that the annual report of an enterprise conceals the real situation and practices fraud, the industrial and commercial authorities will punish it according to law, and inform the public security, finance, customs, taxation and other relevant departments of the information such as the legal representative and responsible person of the enterprise, thus forming "one place is illegal and everywhere is restricted". Enterprises that fail to publish their annual reports within the prescribed time limit will be listed in the list of business anomalies by the industrial and commercial authorities. If an enterprise fulfills its obligation to publicize the annual report within 3 years, it may apply for restoring the normal filing status; If it has not been fulfilled for more than 3 years, the industrial and commercial authorities will permanently list it in the "blacklist" of serious illegal enterprises.
Legal basis: People's Republic of China (PRC) Company Law.
Article 164 A company shall prepare financial and accounting reports at the end of each fiscal year, which shall be audited by an accounting firm according to law.
Financial and accounting reports shall be prepared in accordance with laws, administrative regulations and the provisions of the financial department of the State Council.
Article 202 Where a company makes false records or conceals important facts in the financial and accounting reports and other materials provided to the relevant competent departments according to law, the relevant competent departments shall impose a fine of not less than 30,000 yuan but not more than 300,000 yuan on the directly responsible person in charge and other directly responsible personnel.