Stock Market Performance Forecast Disclosure Rules

NightAirdropper · 2026-03-10T01:08:56+00:00

Public companies are required to disclose performance forecasts when they anticipate specific circumstances in their annual operating results, such as negative net profit or turning losses into profits. The disclosure must be completed within the specified timeframes, by January 31 of the following year for the annual report and July 15 for the semi-annual report.

NightAirdropper

2026-03-10 01:08:56

Abstract generation in progress

Performance Forecast Disclosure Rules:

Disclosure Situations and Timing Requirements

Mandatory Disclosure Situations: Listed companies must disclose a performance forecast when any of the following occurs:

Net profit is negative.
Net profit turns from loss to profit.
Achieving profitability with net profit increasing or decreasing by more than 50% compared to the same period last year (if earnings per share in the previous year are extremely low, such as ≤0.05 yuan annually or ≤0.03 yuan semi-annually, disclosure may be exempted).
The lower of total profit, net profit, or net profit after non-recurring gains and losses is negative, and operating revenue after deducting non-main business income falls below a certain threshold (Shanghai Main Board, Shenzhen Main Board: 300 million yuan; STAR Market, ChiNext: 100 million yuan; Beijing Stock Exchange: 50 million yuan).
End-of-period net assets are negative.

The first fiscal year after a company’s stock is subject to delisting risk warning (disclosure of annual operating revenue, net profit, net assets, and other indicators is required).

Timing Requirements for Disclosure:

Annual Performance Forecast: To be disclosed within one month after the end of the fiscal year, i.e., no later than January 31 of the following year.
Semi-Annual Performance Forecast: To be disclosed within fifteen days after the semi-annual period ends, i.e., no later than July 15.
Quarterly Performance Forecast: Usually voluntary disclosure with no mandatory timing, but the disclosure of the first quarter forecast should not be earlier than the previous year’s annual report.

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