SHCD(SH:603887) Zheng Quan Zhi Xing·2025-07-14 16:23Core Viewpoint - Shanghai Chengdi Xiangjiang Data Technology Co., Ltd. has issued a correction to its 2024 annual report due to errors identified in the financial data presented, specifically in non-recurring gains and losses, cash flow statements, and other financial metrics [1][2][3]. Financial Corrections - The non-recurring loss from debt restructuring was corrected from -1,028,119.22 RMB to -1,830,111.58 RMB for 2024, reflecting a significant increase in losses [1]. - The net cash flow from investment activities for 2024 remains unchanged at -1,064,434,756.87 RMB, while the net cash flow from financing activities also remains unchanged at 270,618,485.74 RMB [2]. - The total amount of bad debt recovery or reversal was reported as 17,781,134.01 RMB, with specific clients identified for their repayment issues [2][3]. Governance and Management - The board of directors held three meetings during the reporting period, focusing on necessary evaluations and assessments of personnel qualifications [2]. - The company has emphasized the importance of accurately reporting financial data and ensuring compliance with disclosure requirements [1][2]. Asset Valuation and Impairment - The fair value and disposal costs for fixed assets were detailed, with a total book value of 175,513,662.91 RMB and an impairment loss of 41,870,829.54 RMB noted [5]. - The company has outlined the methods used for determining recoverable amounts, including market comparisons and expected future cash flows [5][6].