Reshaping the enterprise valuation: Accelerating the inclusion of A-share company data assets into the financial statements to expand the scope.

With the implementation of the Interim Provisions on Accounting Treatment of Enterprise Data Resources on January 1, 2024, a revolution concerning the awakening of data value is quietly unfolding in the A-share market. By comparing the first quarter report and the annual report of 2024, it can be seen that the "inclusion" of A-share companies' data assets is accelerating in terms of coverage: the number of participating companies has jumped from 17 to 92; the disclosed scale has surged from 79 million yuan to 2.495 billion yuan. At the same time, the scope of industries involved is also expanding rapidly, from the previous 6 categories to the current 12 categories. This trend not only reshapes the structure of corporate assets, but also gives rise to new emerging markets such as data governance, asset assessment, and financial services, becoming a strong lever to stimulate the trillion-dollar data elements market. Several industry experts interviewed expressed that the "inclusion" of data assets is moving from a policy-driven exploratory stage towards normalized practice.