Information disclosure mainly refers to the public company's public disclosure of the company and its related information to investors and the public in the form of prospectus, listing announcement, periodic report and interim report.
Information disclosure of listed companies is a bridge for listed companies to communicate with investors and the public. Investors and the public get the information of listed companies mainly through mass media to read various temporary announcements and regular reports.
Investors and the public can use this information as the main basis for investment choice. It is very important to disclose information truly, comprehensively, timely and fully. Only in this way can we really help those investors who hold the concept of value investment.
The information to be disclosed by a listed company includes:
1, initial disclosure-prospectus
(1) The main ways to disclose information for the first time are prospectus (applicable to public offering of shares), bond offering prospectus (applicable to company issuing bonds) and listing announcement (applicable to securities listing and trading).
(2) The issuer shall disclose the prospectus (declaration draft) on the website of the China Securities Regulatory Commission in advance after the application documents for stock issuance are accepted and before the issuance examination committee examines them. The pre-disclosed prospectus (declaration draft) is not the official document of the issuer to issue shares, and it cannot contain price information, so the issuer may not issue shares accordingly.
(3) The financial statements quoted in the prospectus are valid within 6 months after the latest issuance deadline.
2. Listing announcement
3. Periodic reports: including annual reports, interim reports and quarterly reports.
4. Interim report.
The information disclosure of listed companies is mainly divided into two categories: periodic reports including annual reports and interim reports. Interim reports are divided into semi-annual reports and quarterly reports. Quarterly reports are divided into the first quarter (spring) report and the third quarter (autumn) report.
The interim report covers a wide range of contents and forms. Common resolutions are shareholders' meeting resolution, board resolution and board resolution. Other major issues will also be released by some intermediaries at the same time, such as return visit report, evaluation report and audit report, lawyer witness report and so on.