Swan Cotton Machinery(SH:603029) Xin Lang Cai Jing·2025-04-30 00:50Core Viewpoint - The company, Shandong Swan Cotton Machinery Co., Ltd., has released its quarterly report, ensuring the accuracy and completeness of the financial information presented, and has not undergone an audit for this period [2][3][5]. Financial Data Summary - The financial report for the first quarter of 2025 is unaudited, with significant accounting data and financial indicators provided in RMB [3][5]. - The company reported a total external guarantee balance of 388.94 million yuan, which accounts for 43.38% of the latest audited net assets, showing a decrease of 136.49 million yuan compared to the same period last year [5]. Accounting Changes - The company has adopted new accounting treatment as per the Ministry of Finance's announcement in December 2024, which affects the classification of certain quality guarantees in financial statements, resulting in an increase in operating costs by 76,501.25 yuan and a corresponding decrease in selling expenses [6]. Management Assurance - The board of directors, supervisory board, and senior management have guaranteed the authenticity and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][4].