What does the annual report mean
The annual report is the business report of an enterprise in the past year. Also called annual financial accounting report, it is the financial accounting report provided by the enterprise at the end of the year, and it is a written report reflecting the financial situation of the enterprise at the end of the year, the annual operating results and cash flows.
An enterprise shall submit its annual report to the industrial and commercial authorities through the credit information publicity system of market entities annually within the prescribed time limit, and publicize it to the public. Any unit or individual can query it. The annual financial and accounting report shall reflect the financial position of the enterprise at the end of the year, the annual operating results and cash flows, and play an important role as a bridge between the management of the enterprise and the users of the financial and accounting report.
If an enterprise fails to publish its annual report within the prescribed time limit, the industrial and commercial authority will record it in the directory of abnormal business operations.