年报

But we go up from G harbor (in light of the annals of 600018), discover outstanding achievement however flatly the harbor on G is in numerous outstanding achievement is celebrated blue chip among, be like " gallinaceous Li Hequn ".

但我们从G上港(600018)的年报来看，却发现业绩平平的G上港在众多业绩显赫的蓝筹股中间，有如"鸡立鹤群"。

The primary objective is to ensure consistency and completeness of information in the Annual Reports submitted by the pharmaceutical industry and to standardize the general format.

主要的目的是确认由药品企业递交的年报的一致性和信息的完整性，并将总的格式标准化。

We really try to put everything in our annual report that's germane to that. Anything that counts, in aggregate, we include.

我们确实很努力地想要把该说的东西放进年报中，所有相关的，全部都已经放进去了。

This week's annual results revealed a relatively robust media company, confirming News Corp's position as one of the hardier survivors of the media downturn.

随著本周年报的公布，新闻集团在全球媒体业哀鸿遍野的状况下表现相对耀眼，再度稳固其睥睨同侪的领导地位。

In an efficient capital market, the fluctuation of stock prices was irrelative, and in addition to relative information, all irrelative information would not cause the peoples attention.

本文利用事件研究法，根据公告日后的市场反应，来证明上海股市是否达到了半强式有效，并对年报最佳时机的公布进行了相关研究。

Last year, however, our look-through earnings did not grow at all but rather declined by 14%. To an extent, the decline was precipitated by two forces that I discussed in last year's report and that I warned you would have a negative effect on look-through earnings.

然而去年我们的透视盈余不但没有增加，反而减少了 14%，这样的下滑主要导源于去年年报就曾经向各位提过的两项因素，那时我就曾经警告各位那对我们的透视盈余将会有负面的影响。

Nicholas Kenner nailed me - again - at last year's meeting, pointing out that I had said in the 1990 annual report that he was 11 in May 1990, when actually he was 9. So, asked Nicholas rather caustically:"If you can't get that straight, how do I know the numbers in the back are correct?" I'm still searching for a snappy response. Nicholas will be at this year's meeting - he spurned my offer of a trip to Disney World on that day - so join us to watch a continuation of this lop-sided battle of wits.

去年股东会 Nicholas Kenner 又杠上我了，他表示："我在去年 1990 年报中表示他在 1990 年 5 月 11 号满十岁，但事实上他那时才刚满 9 岁"，他接着又用很嘲讽的语气说："如果你连这个都搞不清楚，我如何还能相信你报告中的其他数字是正确的"到现在我还在想如何做出一个有力的回答，今年 Nicholas 还会出席，他拒绝了我邀请他当天到迪士尼乐园玩的建议，所以请大家继续好好观赏这一面倒的机智问答。

Attended t he Forum. Other inter national coll aborations inc lude i nitiative of c ollaborations with t he

值此植物分子遗传国家重点实验室年报（2004）编辑出版之际，我们向实验室全体人员，以及

The market firstly reacts negatively toward an applicant with higher level of nonrecurring gains while later makes a significantly positive adjustment when the applicant finally withdraws the ST, suggesting that the regulation without an explicit requirement on the nature of earnings disturbs a rational market expectation; and (2) after the institutionalization i.e.

而制度化之后（2002-2004年间），ST公司年报公布日的市场反应与非经常性利得幅度之间原本的显著负相关关系消失，摘帽宣告日的市场反应与非经常性利得幅度之间原本的显著正相关关系也不再存在，这些都意味着制度化之前的监管不完备对市场造成的扰动得以缓解，因此对更广泛的信息使用人具有积极意义。

This paper studied the earnings managements of the listed companies by dividing the accrual into above-the-line accruals and below-the-line accruals. And for above-the-line accruals and below-the-line accruals of 2002, I divided above-the-line-accruals into working capital accruals and nonworking capital accruals. Then I used modified Jones model by adding industry variables to study the new characteristics of earnings management in 2002. This paper provides evidence that the listed companies still used below-the-line accruals as the main earnings management instrument. On the other hand the listed companies also used working capital accruals as one of their earnings management instruments. On the basis of the studies above, I build two proxies of the earnings management.

本文首先通过对2002年上市公司盈余管理的分项实证研究来观察各种制度实施后上市公司利用线下项目进行盈余管理是否得到了一定的遏制，实证过程中采用修正的横截面JONES模型加入行业变量并经过适当变形对上市公司年报线上项目和线下项目，并进一步将线上项目分解出营运资金相关项目和非相关项目两项进行盈余管理的实证研究，发现企业对线下项目的操纵仍然在企业盈余管理中占据主要地位，但从某种程度上看，线下利润的操纵得到了一定的抑制，另外企业对营运资金应计项目的盈余管理也是显著的。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失