NONFEMET(SZ:000060) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-24 20:53Core Viewpoint - The company has approved a change in accounting policy that aligns with the Ministry of Finance's regulations, which will objectively and fairly reflect its financial status and operating results without significantly impacting financial statements or harming shareholder interests [2][14][15]. Group 1: Meeting Details - The 43rd meeting of the 9th Board of Directors was held on October 22, 2025, via communication, with all 8 directors present, meeting the legal quorum [1][3]. - The 29th meeting of the 9th Supervisory Board was also held on October 22, 2025, with all 3 supervisors present, meeting the legal quorum [4][6]. Group 2: Accounting Policy Change - The change in accounting policy was prompted by the Ministry of Finance's guidelines issued on July 8, 2025, regarding the accounting treatment of standard warehouse receipts [8][11]. - The company will implement the new accounting policy starting from January 1, 2025, and will not require shareholder meeting approval for this change [8][13]. Group 3: Financial Impact - The accounting policy change will not have a significant impact on the company's financial statements, with no effect on the balance sheet as of December 31, 2024, and no impact on total profit and net profit for the first half of 2024 [13]. - Adjustments to the income statement for the first half of 2024 include a decrease in operating income from approximately 3,061.78 million to 2,870.84 million, a decrease in operating costs from approximately 2,888.80 million to 2,698.69 million, and an increase in investment income from approximately 4.99 million to 5.82 million [13]. Group 4: Opinions from Committees - The Audit and Compliance Management Committee supports the accounting policy change, stating it is a reasonable adjustment that complies with legal regulations and does not harm shareholder interests [14]. - The Supervisory Board also agrees with the accounting policy change, affirming it reflects the company's financial status and operating results accurately [15].