Lettall Electronic(SH:603629) Zheng Quan Zhi Xing·2025-06-13 10:40Core Viewpoint - The company has announced corrections to its 2024 annual report and 2025 Q1 report, clarifying that these corrections will not impact the financial statements, including revenue, net profit, and cash flow [1][2][16]. Financial Report Corrections - The corrections pertain to the non-operating fund occupation by controlling shareholders and related parties, which was initially reported incorrectly. The company clarified that there are no such occupations as previously stated [5][16]. - The cash flow statement methodology has been changed from net method to gross method for better reflection of daily operations, specifically regarding the return of deposits related to computing power business [8][15]. Financial Data Summary - The company reported the following revenue figures for 2024: - Q1: 427,850,250.45 - Q2: 460,574,521.38 - Q3: 602,420,941.57 - Q4: 756,714,077.30 [5][6]. - The net profit attributable to shareholders for Q1 was 29,536,412.66, with a significant drop in Q4 to -41,441,236.80 [5][6]. Cash Flow Analysis - The total cash inflow from operating activities for 2024 was reported as 2,359,159,206.16, while cash outflow was 2,284,315,095.93, resulting in a net cash flow of 74,844,110.23 [6][10]. - The company received government subsidies amounting to 36,069,396.17 in 2024, compared to 7,186,498.65 in 2023 [11][13]. Audit and Compliance - The company has undergone a special audit regarding the non-operating fund occupation and has confirmed that the management's compiled summary aligns with regulatory guidelines [4][16]. - The company expressed its commitment to improving the quality of information disclosure in future reports [16].