2018年财务报表改革：研发费用列报新规

The Ministry of Finance released a notice on June 15, 2018 (CaiKuai [2018] No. 15) revising the format of financial statements for general enterprises. One of the revisions is that research and development expenses are no longer disclosed as a secondary item under management expenses in the notes to the financial statements but are instead presented as a separate item in the income statement to reflect the costs incurred during the research and development process. Additionally, listed companies will no longer disclose research and development-related projects under management expense items but will instead provide separate disclosures of the detailed items that make up the research and development expenses in the income statement. These changes highlight the importance of reporting research and development expenses and improve the quality of information disclosure related to the costs of research and development activities.