Recently, there has been a significant number of errors and omissions in the announcements of A-share listed companies in mainland China. In the first week of September, a total of 18 obvious mistakes were found in the announcements of 14 companies, such as non-existent dates like “June 31” and misspelling “Chief Financial Officer” as “Chief Temporary Financial Officer.” In the previous month of August, 67 companies had a total of 68 similar issues in their announcements.
According to a report by “Daily Economic News,” from September 1st to 7th, listed companies in Shanghai, Shenzhen, and Beijing collectively released thousands of announcements, among which 14 companies had 18 noticeable errors in their 14 announcements.
For instance, Zhongxin Corporation mistakenly wrote “Chief Financial Officer” as “Chief Temporary Financial Officer” and redundantly used the word “company” in the footer. Guangsheng Tang misspelled “securities” as “securties” and wrote “financial derivative products” as “financial financial derivative products.”
Shengtun Mining incorrectly labeled the title of their announcement as “Mid-Year Performance Explanation Conference” instead of the correct term “Semi-Annual Performance Explanation Conference”; while Demei Chemical inappropriately listed the non-existent date “June 31, 2026” in their form.
Several companies also made errors in matching dates with weekdays. Chenghe Technology mistakenly wrote that September 7th was a Thursday instead of Monday; Baihe Corporation and Green Island Wind had similar mistakes.
Some errors involved the listing locations and the identity of directors. China Science Environmental Protection, listed on the Shenzhen Stock Exchange, incorrectly stated the need to comply with the “decision-making process stipulated by the Shanghai Stock Exchange”; and Chinese Media confused two independent director candidates as “non-independent directors.”
In August, A-share listed companies released over 60,000 announcements, with 68 containing obvious errors, affecting 67 companies.
Companies such as Boss Appliances, Yongjin Corporation, Jiuliang Corporation, Sanyang Horse, and China Nuclear Power repeatedly misspelled “securities” as “securties.” Additionally, multiple companies had identical repeated phrases like “company announcements and and other disclosure information,” indicating potential errors being replicated due to reused announcement templates.
In a previous incident, Zijin Mining’s semi-annual report consistently referred to the “government” as the “renminbi government” since 2020; they also spelled “new energy” as “new bear source” and omitted the word “bank” in their bank’s name.
Zhongxin Corporation responded that “Chief Temporary Financial Officer” was a result of using the Wubi input method; while Nantian Information admitted to writing errors in their announcement and emphasized their current reliance on manual checks.
Senior investment banker Wang Jiyue expressed to the “Daily Economic News” that these mistakes reflect the companies’ lack of seriousness. While most textual errors may not directly impact investors’ decisions, they should not be used as an excuse for inaccurate announcements.
A former disclosure professional suggested that some errors might stem from AI generation or text recognition without proper review, emphasizing the pressing issue that “there was no thorough manual check before the announcements were released.”