Research On Non-recurring Profit And Loss Management Of CSSC

With the continuous development of socialism with Chinese characteristics,people’s living standards continue to improve,and the public’s participation in the capital market is getting higher and higher.In the development of China’s capital market,the financial information of listed companies has always been an important concern for investors,and the status of corporate earnings is of paramount importance.However,many listed companies have manipulated their profits due to poor operating conditions or risk warnings issued by the CSRC.Non-recurring profit and loss management is one of them.Non-recurring profit and loss and earnings management can quickly beautify the financial indicators of enterprises and save them from the risk of delisting.At the same time,it can also damage the company’s long-term development strategy and cause certain losses to investors and creditors.Therefore,issues such as identifying non-recurring profit and loss management of enterprises,improving related disclosure systems and accounting standards,etc.,have also become urgent problems for investors and the Securities Regulatory Bureau.In-depth exploration and research on non-recurring earnings management of listed companies can not only help investors grasp the true operating status of the company,provide investors with decision-making suggestions,but also help the country improve related policies and ease the confusion of capital market earnings management.situation.This article takes China Shipbuilding(600,150),a leading company in the shipping industry,as an example,and discusses countermeasures to curb non-recurring profit and loss management of listed companies based on the information asymmetry theory and the theory of persistent earnings.From the data of industry trends,abnormal profits,and non-recurring profit and loss items,the abnormal situation of profit manipulation of Chinese ships was identified,and the main reasons for the implementation of profit manipulation were to get rid of the risk warning version and integrate resources for the "South-North Ship" prepare for.China Shipbuilding finally achieved its purpose through the sale of company assets,the collection of land compensation payments over time,the implementation of debt restructuring,the expansion of government subsidies,and the return of asset impairment losses.Although this method solves the problem of net profit loss ofChinese ships in the short term,it increases the investment risk of investors and creditors.In the long run,the transfer of Changxing Heavy Industries to abandon the high-end ship market will greatly reduce the future competitiveness of Chinese ships.This article puts forward countermeasures and suggestions for the non-recurring earnings management of Chinese ships from the perspective of internal governance and external supervision.Chinese ships should eliminate low-end production capacity,increase the development of supporting industries,and accelerate the integration process of "South-North Ships" to enhance their own profits ability.At the same time,the supervision role of the company’s independent directors should be strengthened to prevent short-term interests.For external supervision,it is recommended that the Securities Regulatory Commission include non-recurring gains and losses in the evaluation index of the cap removal of listed companies to improve the quality of cap removal in the securities market;meanwhile,modify accounting standards and regulate the identification and disclosure of the nature of government subsidies to better identify To promote the sustainable,stable and healthy development of China’s capital market.