The performance of listed companies is one of the factors that affect the rise and fall of stocks. When the performance of listed companies is good, it shows that the company has good management ability, the stock is worth investing, and the probability of stock rising is high.
Main board: For main board enterprises, pre-disclosure of performance is not mandatory, but it is necessary in some special circumstances. The requirements of the main boards of Shanghai Stock Exchange and Shenzhen Stock Exchange are different, which are introduced below.
Main Board of Shanghai Stock Exchange:
1. annual report performance forecast, if the listed company predicts that the net profit may be negative and turn losses into profits, the net profit will increase or decrease by more than 50% over the previous year (except for the small base). If the company expects that one of the above circumstances will occur in its annual operating results, it must make a performance forecast; If the interim and third quarter results are expected to appear in one of the above circumstances, the performance forecast can be made.
2. Performance Express
If the company has summarized the current financial data, but has not compiled an annual report, it can disclose the performance report first.
Main board of Shenzhen Stock Exchange: 1. Performance forecast
During the reporting period (first quarter, semi-year, third quarter, and year), the performance forecast should be made: the net profit is negative, turning losses into profits, realizing profit, the net profit is increased or decreased by more than 50% compared with the same period of last year (except the base is too small), the net assets at the end of the period are negative, and the annual operating income is less than/kloc-0.00 million yuan.
If it is necessary to disclose the performance forecast, the time requirement of the performance forecast is: the first quarter performance forecast is before April 15 of the reporting year; The performance forecast for the first half of the year is before July 15 of the reporting year; The third quarter performance forecast is before June 10 of the reporting year; And the annual performance forecast is before June 10 of the reporting year.
Seeing that some investors are still looking forward to the performance forecast, the main reason is that the above rules are not clear, and no performance forecast will be made after July 15.
2. Performance Express encourages listed companies to voluntarily disclose the performance express of periodic reports before the disclosure of periodic reports.
From the above laws, investors can find that the performance prediction of main board enterprises is mandatory only when the performance changes greatly, but generally not mandatory. Then for enterprises without performance forecast, the performance is relatively stable with little fluctuation.
Other sectors: In order to build a multi-level capital market, China A shares include small and medium-sized board, growth enterprise market and science and technology innovation board in addition to the main board. The performance pre-disclosure requirements of these boards are more stringent, which are introduced one by one below.
Small and medium-sized board: 1. Performance forecast
The company shall disclose the semi-annual, first three quarters and annual performance forecast. If the company expects any of the following circumstances to occur in the first quarter, it shall disclose the first quarter performance forecast: the net profit is negative; The net profit increased or decreased by more than 50% compared with the same period of last year; Compared with the same period last year, it has turned losses into profits. The performance forecast time is the same as the main board.
2. The company that intends to disclose the annual report of the performance report in March-April shall disclose the annual performance report before the end of February. Encourage semi-annual report
Companies scheduled to disclose in August will disclose semi-annual performance reports before the end of July. A company whose annual report is scheduled to be disclosed before March may not disclose the annual performance report, otherwise it must be disclosed by force. Semi-annual and quarterly reports are not mandatory to disclose.
Growth enterprise market: 1. Performance forecast
The company shall disclose the performance forecast for the first quarter, the first half, the first three quarters and the whole year. First-quarter performance forecast time: If last year's annual report is scheduled to be disclosed before March 3 1 day, the first-quarter performance forecast of this year should be disclosed at the latest at the same time as the annual report; If the annual report is to be disclosed in April, the first quarter performance forecast shall be disclosed before April 10. Other performance forecast time is the same as that of the main board.
2. Performance Express
This is the same as the small and medium-sized board. A company whose annual report is scheduled to be disclosed before March may not disclose the annual performance report, otherwise it must be disclosed by force. Semi-annual and quarterly reports are not mandatory to disclose. A listed company that plans to disclose its annual report in March-April shall disclose its annual performance report before the end of February.
Committee on Science and Technology Innovation:
1. Performance forecast
Like the companies listed on the main board of Shanghai Stock Exchange, the companies listed on the Science and Technology Innovation Board shall make a performance forecast within 1 month after the end of the fiscal year if they expect their annual operating results to be in any of the following circumstances:
First, the net profit is negative; Second, the net profit increased or decreased by more than 50% compared with the same period of last year; The third is to turn losses into profits.
At the same time, if the listed company of science and technology innovation board expects the semi-annual and quarterly results to appear in one of the above situations, it can also make a performance forecast.
In addition, after the disclosure of the performance forecast, the listed companies of the science and technology innovation board expect that the difference between the current performance and the performance forecast will reach 20%, and should disclose the correction announcement in time.
2. Performance Express
According to the Listing Rules of Science and Technology Innovation Board, the annual report shall be disclosed within 4 months after the end of each fiscal year. If a company listed on the Science and Technology Innovation Board expects not to disclose its annual report within two months after the end of the fiscal year, it shall disclose its performance report within two months after the end of the fiscal year in accordance with the provisions of the Listing Rules for Science and Technology Innovation Board Stocks.