What is an Annual Return?

The annual report is a regular issue published once a year. Also called annual. According to the regulations of the Securities and Exchange Commission, the company's annual financial statements must be submitted. Statements include reports describing the company's operating conditions, as well as reports of assets, liabilities, and income. The annual report long form is called 10-K. The financial information is more detailed and can be obtained from the company secretariat.

annual report

Annual report overview

Investors must first read the financial summary indicators to understand the company's earnings and compare changes in company performance; second, in analyzing the financial statements (

The format of annual reports of listed companies is fixed in accordance with relevant regulations. It mainly includes the following 11 parts:

Important note

2. Brief introduction of the company's basic situation;

3. Main financial data and indicators;

4. Changes in share capital and shareholders;

5. Directors,

Of these 11 sections, the more important ones are sections 3, 4, 5, 6, 6, 8, 10, and 11. If investors are very concerned about a listed company, the contents of these 7 sections are necessary. Read options; for general attention, you can just look at parts 3, 8 and 11; for simple browsing, just look at part 3.

Investors can look at the third part "main financial data and indicators". Here you can see the most commonly used earnings per share, net assets per share,

Listed companies must make an appointment with the exchange to disclose the annual report before investors can

In addition, listed companies will select one or more of the listed companies' annual reports in the Shanghai Securities News, China Securities Journal, and Securities Times. However, investors should note that reading the information in the annual report through the newspaper will reduce the timeliness. The annual report that has been disclosed on the Internet that night will not be available the next day.

Now, at the end of the year and the beginning of the year, the listed company has just finished three quarterly reports and has started to prepare the annual report. The listed annual report is not just a report on the operating conditions of the listed companies for the year. After the annual reports of multiple listed companies are integrated, they can also watch the trend of the industry and may even see the trend of the entire economy .

At present, the annual report market has begun to start, and the stock prices of individual stocks that have started to increase in performance have already responded. It is expected that there will be continuous hotspots in annual reports throughout the first quarter of 2013. The proportion of preferences is decreasing year by year, and listed companies in the Shanghai and Shenzhen 300 Index are also included.

According to incomplete statistics, there are currently 1047 listed companies that have announced the results of the 2012 annual report. Overall, the performance of listed companies' annual reports can be described as "mixed and mixed." However, from the perspective of the annual report, the annual report has shown a year-on-year decrease: 80% in 2010, 67% in 2011, and only 55.81% in 2012. Considering that poor performance companies often postpone the time of the announcement, A percentage may fall sharply. This means that in the worst case, more than half of the listed companies annual net profit in 2012 will decline, and even in the best case, more than 30% of the listed companies net profit in 2012 will decline. .