An annual report is a comprehensive document that a company prepares and publishes once a year to provide information about its financial performance and operations over the past year. The annual report typically includes a letter from the CEO, a financial summary, details on the company's business operations, information on its future plans, and other relevant information.

The annual report is intended to provide shareholders and stakeholders with a clear understanding of the company's financial health and performance. It also serves as a tool for attracting potential investors, as it provides important information about the company's financial stability, risk, and growth prospects.

The annual report is typically prepared by the company's management and reviewed by its auditors to ensure accuracy and compliance with financial reporting standards.

In summary, an annual report is a comprehensive document that a company prepares and publishes once a year to provide information about its financial performance and operations over the past year. It serves as a tool for attracting potential investors, and provides important information about the company's financial stability, risk, and growth prospects.