What does it mean if the industrial and commercial annual report is not submitted?

The failure to submit annual reports refers to the failure to submit business information to the national enterprise credit information disclosure system within the prescribed period when applying for a registered business license from the registration authority. If business information is not reported in the annual report, it will be listed as operating abnormality by the registration authority. After submitting the annual business information report, you need to apply to the registration authority to remove the abnormal business operations and restore the business license to normal operating status. Failure to submit an annual report means that you may be blacklisted.