All companies that are registered in China are required to file an annual report and a financial statement to the Administration of Industry and Commerce. The data in the financial statement is not disclosed to the public but accessible to a certified Chinese lawyer that can acquire the information for a fee.
The financial statement includes an income statement and a balance sheet. Under normal circumstances, it is possible for a lawyer to review financial statements from the previous 2 to 3 years.
The income statement and balance sheet is valuable information for anybody that wants to conduct a performance assessment or financial health check of a Chinese company.
Here is an example of how the income statement filed to AIC is structured
The income statement of an undisclosed Chinese company |
Here is an example of how the income statement filed to AIC is structured And here an example of the balance sheet.
The balance sheet of an undisclosed Chinese company |
Please contact me if you any questions and comments to financial statements