Do property companies need to disclose their accounts?

Legal analysis: there is no need for property companies to publish accounts. As a property management company, it is a profitable company. If it is part of public revenue, it is necessary to publish accounts. If it is the normal income of the property company, there is no need to disclose its accounts to the owners of the community.

Legal basis: Article 94 1 of the Civil Code of People's Republic of China (PRC). Where a property service provider entrusts a special service project within the property service area to a professional service organization or other third party, it shall be responsible to the owner for the special service project. The property service provider shall not entrust all the property services it should provide to a third person, or entrust all the property services to a third person after the demolition.