banbao(SH:603398) Zheng Quan Zhi Xing·2025-08-27 14:15Core Viewpoint - Jiangxi Mubang High-Tech Co., Ltd. announced corrections to accounting errors affecting its financial statements for 2024, following regulatory inquiries and internal reviews [1][3]. Summary by Sections Reasons and Specifics of the Accounting Error - The company identified that part of the funds from fundraising and self-owned capital was misallocated to suppliers, which subsequently flowed into the control of the controlling shareholder and its affiliates [1][3]. - The company received regulatory inquiries from the Shanghai Stock Exchange and the China Securities Regulatory Commission, prompting the need for corrections [1][3]. Impact on Financial Statements - The corrections will affect the consolidated balance sheet, profit statement, and cash flow statement for the first three quarters and the full year of 2024, as well as the parent company's financial statements [3][4]. - The adjustments will not change the profit or loss nature of the previously disclosed annual report and will not harm the interests of the company or its shareholders [3][4]. Specific Adjustments - Key adjustments include: - Prepayments increased from 37.40 million to 43.11 million - Other receivables decreased from 318.60 million to 302.11 million - Inventory decreased from 451.76 million to 330.76 million - Total assets decreased from 5.54 billion to 5.37 billion [2][4]. Approval Process - The corrections were approved in meetings held on August 27, 2025, by the company's board and supervisory committee [9].