福建金森(002679) - 2023 Q4 - 年度财报(更正)

Announcement of Correction to 2023 Annual Report This announcement details the corrections made to Fujian Jinsen Forestry Co., Ltd.'s 2023 Annual Report I. Details of Corrections This section details corrections to Fujian Jinsen Forestry Co., Ltd.'s 2023 Annual Report, covering company information, financial items, personnel changes, and risk disclosures, without affecting 2023 financial results 1. Correction to Company Information This section details corrections made to the company's basic registration and contact information Company Information Correction Comparison | Indicator | Before Correction | After Correction | | :--- | :--- | :--- | | Legal Representative | Ying Biao | Ying Biao | | Registered Address | Ying Biao | 12-15th Floor, 50 Sanhua South Road, Suinan Town, Jiangle County, Sanming City, Fujian Province | | Postal Code of Registered Address | 12-15th Floor, 50 Sanhua South Road, Suinan Town, Jiangle County, Sanming City, Fujian Province | 353300 | | Historical Changes to Company Registered Address | 353300 | No change | | Office Address | No change | 12-15th Floor, 50 Sanhua South Road, Suinan Town, Jiangle County, Sanming City, Fujian Province | | Postal Code of Office Address | 12-15th Floor, 50 Sanhua South Road, Suinan Town, Jiangle County, Sanming City, Fujian Province | 353300 | | Company Website | 353300 | www.jinsenforestry.com | | Email Address | www.jinsenforestry.com | jsly@jinsenforestry.com | 2. Correction to Non-Recurring Gains and Losses Items and Amounts This section clarifies the classification of certain government subsidies and explains changes in other non-operating income and expenses - Government subsidy item explanation corrected: According to "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses (Revised 2023)", deferred income—smart forestry innovation application project subsidy is reclassified as recurring gain/loss due to its continuous impact on the company's profit and loss[10][11] - Other non-operating income and expenditure explanation corrected: During the reporting period, the company strengthened forest resource management, reducing accidental losses affected by forest resource safety, leading to a decrease in compensation received compared to the previous year, thus reducing non-operating income. The company purchases forest insurance long-term to ensure forest resource safety and achieve value preservation and appreciation[10] 3. Correction to Operating Revenue Composition This section addresses adjustments to the presentation of operating revenue composition and explains a decrease in forestry technical service income - The format of the operating revenue composition table has been adjusted, but the data content has not changed substantially[14][15] - Forestry technical service income decreased by 80.21% year-on-year, primarily because some forestry technical service projects had not yet been accepted during the reporting period[16] 4. Correction to Resignation of Directors, Supervisors, and Senior Management This section corrects the disclosure regarding the resignation of directors, supervisors, and senior management during the reporting period - The original report stated "No" for whether directors, supervisors, or senior management resigned or were dismissed during their term in the reporting period, which has been corrected to "Yes"[17] - The company completed the re-election of a new board of directors and supervisory board in September 2023, leading to relevant personnel changes[17] 5. Correction to Changes in Directors, Supervisors, and Senior Management This section details the corrected information regarding changes in the company's board of directors, supervisors, and senior management, including newly elected independent directors Changes in Directors, Supervisors, and Senior Management (New Independent Directors) | Name | Position Held | Type | Date | Reason | Existed Before Correction | Existed After Correction | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tang Jinmu | Independent Director | Elected | September 27, 2023 | Appointed as a director of the new Fujian Jinsen Board | No | Yes | | Han Lijun | Independent Director | Elected | September 27, 2023 | Appointed as a director of the new Fujian Jinsen Board | No | Yes | | Li Liangji | Independent Director | Elected | September 27, 2023 | Appointed as a director of the new Fujian Jinsen Board | No | Yes | 6. Correction to Positions Held in Shareholder Entities This section corrects the disclosure of positions held by company personnel within shareholder entities Positions Held in Shareholder Entities (New Personnel) | Name of Personnel | Shareholder Entity Name | Position Held in Shareholder Entity | Start Date of Term | End Date of Term | Received Remuneration/Allowance from Shareholder Entity | Existed Before Correction | Existed After Correction | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Pan Longying | Fujian Jinsen Group Co., Ltd. | Deputy General Manager | November 01, 2009 | August 12, 2023 | Yes | No | Yes | | Zhang Yan | Fujian Jinsen Group Co., Ltd. | Supervisor | October 12, 2015 | | No | No | Yes | 7. Correction to Directors' Attendance at Board and Shareholder Meetings This section corrects the presentation and adds details regarding directors' attendance at board and shareholder meetings - The column order in the table for directors' attendance at board and shareholder meetings has been adjusted[24][25] Director Pan Longying's Attendance at Board and Shareholder Meetings (Added) | Director Name | Number of Board Meetings to Attend in This Reporting Period | Number of On-site Board Meetings Attended | Number of Board Meetings Attended by Communication | Number of Board Meetings Attended by Proxy | Number of Board Meetings Missed | Whether Continuously Missed Two Board Meetings in Person | Number of Shareholder Meetings Attended | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Pan Longying | 6 | 6 | 0 | 0 | 0 | No | 1 | 8. Correction to Classification Disclosure of Accounts Receivable Bad Debt Provision Methods This section provides a detailed breakdown of bad debt provisions for accounts receivable by aging, which was previously missing Details of Bad Debt Provisions Accrued by Aging Portfolio (End of 2023) | Aging | Book Balance (Yuan) | Bad Debt Provision (Yuan) | Provision Rate | | :--- | :--- | :--- | :--- | | Within 1 year | 61,137,397.66 | 3,056,869.88 | 5.00% | | 1 to 2 years | 37,903,975.23 | 3,790,397.52 | 10.00% | | 2 to 3 years | 14,885,916.99 | 4,465,775.10 | 30.00% | | 3 to 4 years | 4,265.00 | 2,132.50 | 50.00% | | 4 to 5 years | 1,269,997.50 | 1,015,997.99 | 80.00% | | Over 5 years | 7,872,389.09 | 7,872,389.09 | 100.00% | | Total | 123,073,941.47 | 20,203,562.08 | | - The corrected report now includes a detailed breakdown table for bad debt provisions accrued by aging portfolio, which was missing in the original report[27][31] 9. Correction to Summary Financial Information of Insignificant Joint Ventures and Associates This section addresses formatting adjustments to the summary financial information for insignificant joint ventures and associates, with no change in data content - The format of the summary financial information table for insignificant joint ventures and associates has been adjusted, with the column position for beginning balance/prior period amount changed, but the data content remains unchanged[33][34] 10. Correction to Various Risks Arising from Financial Instruments This section corrects the maturity distribution of financial liabilities, specifically long-term borrowings, while maintaining the total amounts Correction to Financial Liabilities Maturity (December 31, 2023, Unit: Ten Thousand Yuan) | Item | Within One Year | One to Three Years (Before Correction) | One to Three Years (After Correction) | Over Three Years (Before Correction) | Over Three Years (After Correction) | Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Long-term Borrowings | | 22,368.75 | 15,065.00 | 81,673.60 | 88,977.35 | 104,042.35 | | Total Financial Liabilities | 22,341.88 | 22,639.23 | 15,335.48 | 81,812.30 | 89,116.05 | 126,793.41 | Correction to Financial Liabilities Maturity (December 31, 2022, Unit: Ten Thousand Yuan) | Item | Within One Year | One to Three Years (Before Correction) | One to Three Years (After Correction) | Over Three Years (Before Correction) | Over Three Years (After Correction) | Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Long-term Borrowings | | 21,326.61 | 15,091.00 | 54,124.13 | 60,359.74 | 75,450.74 | | Total Financial Liabilities | 37,502.22 | 21,597.09 | 15,361.48 | 54,262.83 | 60,498.44 | 113,362.14 | - The distribution of long-term borrowings across different maturity periods (one to three years, and over three years) has been adjusted, but the total amounts for long-term borrowings and total financial liabilities remain unchanged[43][51] II. Other Related Explanations This section confirms that other parts of the 2023 Annual Report remain unchanged, the corrections do not impact 2023 financial results, and the company has published the revised report and committed to improving disclosure quality - This correction does not affect the company's 2023 financial position or operating results[53] - The company has disclosed the corrected "2023 Annual Report (Corrected)" on Juchao Information Network (http://www.cninfo.com.cn)[53](index=53&type=chunk) - The company apologizes to investors for any inconvenience caused and pledges to strengthen its periodic report preparation and improve information disclosure quality[53]