Are you familiar with the disclosure requirements for listed companies’ earnings forecasts, earnings fast reports, and annual report release timelines?

According to relevant regulations, listed companies must disclose periodic reports. Periodic reports include: annual reports, semi-annual reports, first-quarter reports, and third-quarter reports. Annual reports must be prepared by listed companies within four months after the end of each fiscal year (i.e., from January to April); semi-annual reports must be completed within two months after the end of the first half-year (i.e., in July and August); quarterly reports must be prepared within thirty days after the end of the first three months and the first nine months of the fiscal year (i.e., the first-quarter report in April, and the third-quarter report in October). The disclosure requirement for periodic reports is to publish their summaries in designated newspapers and simultaneously post their full texts on websites designated by the China Securities Regulatory Commission (CSRC). What are earnings forecasts and earnings fast reports? Stock investors may have noticed that some listed companies issue earnings forecasts or earnings fast reports, while others disclose their financial results directly—without issuing either. Why is this? Listed companies have two types of preliminary earnings disclosures: earnings forecasts and earnings fast reports. (Jin Tuo Co., Ltd. 2020 Annual Earnings Forecast) (SENMA Fashion 2020 Annual Earnings Fast Report) An earnings forecast primarily estimates the company’s net profit for the current period; an earnings fast report is more comprehensive, generally disclosing key financial data. Disclosure Rules for Earnings Forecasts and Earnings Fast Reports The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) apply different disclosure rules for earnings forecasts and earnings fast reports. Shanghai Stock Exchange — Earnings Forecast Requirements Per the "SSE Stock Listing Rules," for annual reports, listed companies must issue an earnings forecast before January 31 following the end of the fiscal year if they anticipate any of the following three scenarios: (1) a full-year net loss; (2) turning from loss to profit; or (3) a year-on-year increase or decrease in net profit of more than 50% (excluding cases where the base figure is exceptionally small). Interpretation: If none of the above three conditions applies, an annual earnings forecast is not mandatory. No mandatory earnings forecast is required for semi-annual or quarterly reports. Shanghai Stock Exchange — Earnings Fast Report Requirements If a company has already compiled its current-period financial data but its annual report remains incomplete, it may voluntarily issue an earnings fast report ahead of schedule. In other words, issuance of an earnings fast report is at the company’s discretion—not mandatory. Shenzhen Stock Exchange — Earnings Forecast Requirements (I) SZSE Main Board Earnings forecasts must be issued if any of the following is expected during the reporting period (first quarter, semi-annual, third quarter, or annual): (1) negative net profit; (2) turning from loss to profit; (3) positive net profit with a year-on-year increase or decrease of over 50% (excluding cases where the base figure is exceptionally small); (4) negative net assets at period-end; or (5) annual operating revenue below RMB 10 million. Timing requirements for earnings forecast disclosures are as follows: (II) SZSE ChiNext (Growth Enterprise Market) If a company did not provide an earnings forecast for the current reporting period in its previous periodic report, it must promptly disclose such a forecast via a temporary announcement. Interpretation: Earnings forecasts are mandatory for all ChiNext-listed companies. Timing requirements for earnings forecasts are: 1. First-quarter earnings forecast: If the scheduled disclosure date for the prior year’s annual report falls before March 31, the first-quarter earnings forecast must be disclosed no later than simultaneously with the annual report; if the scheduled annual report disclosure date falls in April, the first-quarter earnings forecast must be disclosed by April 10 at the latest.

Practical Guide: Trading Plan for August 21, 2026

I. News Summary Alibaba Data Centers: Alibaba’s Q2 Capital Expenditure Surges — Up 75% Year-on-Year and 151% Quarter-on-Quarter Alibaba released its financial results: capital expenditure (CapEx) for Q1 FY2027 totaled RMB 67.678 billion, up 75% year-on-year and 151% quarter-on-quarter. CEO Wu Yongming stated that AI infrastructure investment has reached RMB 190 billion, and CapEx is expected to recoup within three years. Q1 FY2027 CapEx: RMB 67.678 billion Q1 FY2026 CapEx: RMB 38.676 billion Q4 FY2026 CapEx: RMB 26.887 billion CPO (Co-Packaged Optics): SK Hynix Unveils Next-Generation CPO Roadmap — Extending Optical Interconnects to Memory Interfaces SK Hynix, together with researchers from the University of Virginia, MIT, and Nanyang Technological University, published a review article titled “Co-Packaged Optics for High-Performance Computing and Artificial Intelligence” in Nature Electronics, outlining a long-term roadmap to extend optical interconnects all the way to memory interfaces. Currently, CPO is mainly used for high-speed interconnects between chips. In conventional architectures, electrical signals must first travel from the chip to optical modules located at the device edge, then convert to optical signals for transmission. CPO instead places optical components directly adjacent to the chip, minimizing the distance high-speed electrical signals must travel—thus reducing power consumption and increasing bandwidth. SK Hynix’s next step is to push this optical pathway even further inward. II. U.S. Markets Overnight Last night, all three major U.S. indices closed lower: the Dow Jones Industrial Average fell 1.32%, and the Nasdaq Composite dropped 1.0%. Large-cap tech stocks posted mixed results: the Philadelphia Semiconductor Index rose 0.53%; NVIDIA declined 0.33%; Oracle fell over 1%; Tesla and Apple both dipped nearly 2%; Google slid over 1%; Intel fell 0.72%; Broadcom rose 0.43%; SanDisk surged over 2%; SK Hynix jumped over 4%; Seagate Technology gained over 2%; Western Digital rose over 1%; Micron Technology climbed nearly 4%; SpaceX fell over 4%; and biotech giant Moderna plunged 23%. This suggests today’s pharmaceutical sector may face divergence and adjustment, while tech stocks could see partial capital inflows. III. Today’s Strategy Yesterday’s market rallied initially but reversed into a pullback. Although all three major indices closed green at the close, the overall rebound was weak and the market’s profitability remained modest. The Shanghai Composite Index still held above its 20- and 30-day moving averages, whereas the ChiNext and STAR Market indices remained relatively weak, constrained by resistance from the 20- and 30-day moving averages above. In the short term, failure to decisively reclaim the 20-day MA may trigger further downward adjustments. Yesterday’s total market turnover declined by over RMB 400 billion compared to the prior trading day, remaining just above RMB 2 trillion—indicating strong investor caution and a predominantly range-bound, liquidity-constrained market. Sector-wise, biomedical stocks surged across the board yesterday, while precious metals and real estate also performed actively. Conversely, large-cap tech stocks showed pronounced divergence: CPO saw localized recovery, while semiconductor equipment stocks led declines. Overall, market risk appetite remains unrecovered, and the market continues consolidating near its lows. With limited liquidity, traditional defensive sectors remain relatively resilient—but trading remains challenging. It is advisable to observe closely and minimize active trading.

Balchem Corporation Reports Third Quarter 2026 Financial Results

Oct 23, 2026

Balchem Corporation reported record Q3 2026 net sales of $270.8 million, a 16.7% increase year-over-year, driven by strong performance in nutrition segments and acquisitions.

Moomoo

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BCPC SEC Filings - Balchem Corp 10-K, 10-Q, 8-K Forms

2026-03-27

Balchem Reports €0.0 Million NonCurrent Deferred Revenue as of December 2025

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Balchem Corp. Stock Valuation Revised Amid Competitive FMCG Landscape

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Balchem Reports $581 Million Gross Property, Plant and Equipment as of December 2025

2026-04-16

Zinc Methionine Chelates Market Forecast Report 2025-2033 Featuring Alltech, Balchem, Titan Biotech, UNO VETCHEM, Zinpro, Chaitanya Biologicals, Chengdu Chelation Biology, JH, Novus, Priya