Jiangsu Lihua Food Group Co., Ltd. Announcement on Correction of the 2026 First Quarterly Report
The Company and all members of its Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Notice: The current correction affects the consolidated income statement and consolidated cash flow statement in the "2026 First Quarterly Report" of Jiangsu Lihua Food Group Co., Ltd. (hereinafter referred to as the Company). The main adjustment items are: a reduction of RMB 39,556.85 million in operating revenue, a reduction of RMB 39,556.85 million in cost of goods sold, a reduction of RMB 39,556.85 million in gross operating cost, a reduction of RMB 39,556.85 million in cash received from selling goods and providing labor services, a reduction of RMB 39,556.85 million in the subtotal of cash inflow from operating activities, a reduction of RMB 39,556.85 million in cash paid for purchasing goods and receiving labor services, and a reduction of RMB 39,556.85 million in the subtotal of cash outflow from operating activities. This adjustment will not affect the company's total assets, net assets, total profit, net profit, net profit attributable to shareholders of the listed company, or actual operations. This adjustment does not involve adjustments to the beginning balance or the prior period's amount, and will not have a significant impact on the financial position or operating results.
The Company disclosed the "2026 First Quarterly Report" on the Juchao Information Network (http://www.cninfo.com.cn/) on April 22, 2026. Upon post-disclosure review, it was discovered that due to staff negligence, some internal transfers were not offset, resulting in misstatements in the consolidated income statement for operating revenue, gross operating cost, and cost of goods sold, as well as in the consolidated cash flow statement. In accordance with the "Information Disclosure and Reporting Rules for Publicly Issued Securities Companies No. 19 – Correction of Financial Information and Related Disclosures" and other relevant regulations, it is hereby proposed to correct this part of the content. The details are as follows:
I. Content of Correction
(I) "I. Major Financial Data" - "(I) Major Accounting Data and Financial Indicators"
- Before Correction:
| This Reporting Period | Prior Year Period | Year-on-Year Change (%) | |
|---|---|---|---|
| Operating Revenue (RMB) | 4,985,414,108.55 | 4,086,417,957.77 | 22.00% |
| Net Profit Attributable to Shareholders of the Parent Company (RMB) | 154,852,676.82 | 206,056,594.79 | -24.85% |
| Net Profit Deducted from Non-recurring Gains and Losses Attributable to Shareholders of the Parent Company (RMB) | 142,740,191.60 | 183,898,850.45 | -22.38% |
| Net Cash Flow from Operating Activities (RMB) | 353,768,699.29 | 387,868,794.47 | -8.79% |
| Basic Earnings Per Share (RMB/share) | 0.1849 | 0.2490 | -25.74% |
| Diluted Earnings Per Share (RMB/share) | 0.1817 | 0.2490 | -27.03% |
| Weighted Average Return on Net Assets (%) | 1.65% | 2.24% | -0.59% |
| Total Assets (RMB) | 16,778,719,999.80 | 16,084,257,558.80 | 4.32% |
| Owners' Equity Attributable to Shareholders of the Parent Company (RMB) | 9,494,238,558.19 | 9,317,521,381.37 | 1.90% |
- After Correction:
| This Reporting Period | Prior Year Period | Year-on-Year Change (%) | |
|---|---|---|---|
| Operating Revenue (RMB) | 4,589,845,635.10 | 4,086,417,957.77 | 12.32% |
| Net Profit Attributable to Shareholders of the Parent Company (RMB) | 154,852,676.82 | 206,056,594.79 | -24.85% |
| Net Profit Deducted from Non-recurring Gains and Losses Attributable to Shareholders of the Parent Company (RMB) | 142,740,191.60 | 183,898,850.45 | -22.38% |
| Net Cash Flow from Operating Activities (RMB) | 353,768,699.29 | 387,868,794.47 | -8.79% |
| Basic Earnings Per Share (RMB/share) | 0.1849 | 0.2490 | -25.74% |
| Diluted Earnings Per Share (RMB/share) | 0.1817 | 0.2490 | -27.03% |
| Weighted Average Return on Net Assets (%) | 1.65% | 2.24% | -0.59% |
| Total Assets (RMB) | 16,778,719,999.80 | 16,084,257,558.80 | 4.32% |
| Owners' Equity Attributable to Shareholders of the Parent Company (RMB) | 9,494,238,558.19 | 9,317,521,381.37 | 1.90% |