As of now, 23 out of the total 57 guidelines on disclosure of listed companies in manufacturing industry have been issued by Shanghai Stock Exchange(SSE) and Shenzhen Stock Exchange(SZSE) and NEEQ(National Equities Exchange and Quotations).
 
In this article, we will interpret guidelines and highlight the core disclosure requirements for 6 sectors regarding to 5 sub-manufacturing industries including food, automobile, gold and jewelry, metal products, wine, beverage and refined tea.
 
Listed companies should comply with following requirements while disclosing business information in their annual report:

1. disclosure of industry-classified information should be complete
2. sufficient explanation should be given to non-financial part of financial information
3. risks of industry business information should be disclosed clearly
4. required information that are not available should be explained

 
Accordingly, while auditing finacial reports of listed companies, auditors should study the congruent relationship between financial data and industry business information in a rigorous manner.
 
Grant Thornton’s industry study focuses on disclosure requirements from perspectives of authorities, listed companies as well as auditors. This is the third Issue of this series, and we will continue to look at manufacturing industry in coming Issue 4.
 
Please read the Chinese version to learn more.