上市公司作为一种公众公司,披露信息是其与公众进行交流的最基本形式。通过信息披露,上市公司可以把资产、负债、现金流量、利润构成等基本面情况向社会公众传达。公众也可以借此并综合其他因素形成判断,从而决定最终是否投资。这一过程是资本市场中最基础的信息交流过程。一个健康有序的资本市场,必须要求上市公司披露信息及时、准确、完整。但是,上市公司无疑要保守自身的商业秘密,而且实际上,不必要也不可能要求上市公司披露所有的信息,再加上一些主体可能因为履行职能或者是规则上的特 Public company as a public company, the disclosure of information is the most basic form of its communication with the public. Through information disclosure, listed companies can convey to the public the fundamentals such as assets, liabilities, cash flow and profit composition. The public can also use this and other factors to form a judgment, so as to decide whether to invest in the end. This process is the most basic exchange of information in the capital market. A healthy and orderly capital market, we must require listed companies to disclose information timely, accurate and complete. However, listed companies undoubtedly want to keep their own trade secrets, and in fact, it is not necessary or possible to require listed companies to disclose all the information, plus some subjects may be due to the performance of functions or rules