SWEC(SH:600641)2024-08-28 10:19Financial Corrections - The correction will increase the capital reserve by CNY 21.36 million and decrease the net profit attributable to shareholders by CNY 21.36 million, with no impact on total assets or equity [2]. - The net profit attributable to shareholders was corrected to CNY -16.62 million, representing a decrease of 120.70% compared to the same period last year [4]. - The net cash flow from operating activities was corrected to CNY -55.03 million, reflecting a decrease of CNY 129 million compared to the previous year [4]. - Basic and diluted earnings per share were corrected to CNY -0.0180, a decrease of 120.86% compared to the same period last year [4]. - The weighted average return on net assets decreased by 1.16 percentage points to -0.20% [4]. - The company has adjusted its financial statements to reflect the correction, changing reported profit to a loss [7]. Revenue and Investment Performance - The company reported a significant decline in revenue due to reduced sales and losses from investments in financial products [6]. Disclosure and Accountability - The company has disclosed the corrected Q1 2024 report on the Shanghai Stock Exchange website [8]. - The company acknowledges the accounting error correction and expresses sincere apologies to investors [10]. - The audit committee believes the correction aligns with relevant accounting standards and improves the accuracy of financial reporting [9]. - The board of directors agrees that the correction enhances the quality of financial information and reflects the company's financial status more objectively [9]. - The supervisory board supports the correction and emphasizes the need for improved financial management to prevent future occurrences [9]. - The company commits to enhancing information disclosure quality in accordance with legal requirements [10].