Based on the accounting information disclosure model under China\'s new accounting standard,this paper analyzes earnings structure of companies,builds up a system of evaluating the quality of earnings structure on top of core profitability,tests the validity of the system by factor analysis on the data of China\'s A share listed companies in manufacturing industry from 2006 to 2008.

Earnings Quality and Earnings Response Coefficients;

Chinese Listed companies earnings quality is generally on the lowlevel.

Comparing with old accounting standards, the new one has changed greatly so as to restrict listed companies’profit manipulation, and build a favorable atmosphere for listed companies’earnings quality evaluation.

Index evaluating for the profit quality of a listad corporation;

On the basis of cash flow statement,some indexes,which will be used to evaluate the profit quality of a corporation on the market,are put forward.

On the basis of cash flow statement,the evaluation index of the profit quality can be set up,which examines the degree of cash realization,analyzes and evaluates it quantitatively,determining the actual operating results of the company reflected in the accounting statement,which is a good reference for investors to make decisions.

Earning quality is one of the most important information the investorscare about.

Traditional financial statements analysis are from the level of profitability and financial risk perspective,from the quality of earnings,asset quality and cash flow perspective,a more comprehensive system of financial statements is analysising,and provide a more scientific basis for the relevant decision-making information users.

This article employs the description method to evaluate the quality of earnings from the persistence、cash flow and reality,hopes to provide an analysis for the invest decision-making of stakeholders,to decrease the uncertainty of the investment.