Core Viewpoint - Zhejiang Feida Environmental Technology Co., Ltd. announced a retrospective adjustment of financial data due to the acquisition of subsidiaries under common control, which aims to address competition issues in air pollution control and wastewater treatment [1][2]. Group 1: Reasons for Retrospective Adjustment - The company agreed to acquire 95% of the shares of Zhejiang Feida Baosheng Environmental Technology Co., Ltd. for a transaction price of 71.2847 million RMB and 51% of the shares of Ningbo Yucheng Co., Ltd. for 39.6729 million RMB from the Zhejiang Environmental Group [1]. - The shareholding changes were registered on April 28, 2025, and May 16, 2025, respectively, allowing the inclusion of these companies in the consolidated financial statements [1]. Group 2: Impact on Financial Statements - The retrospective adjustment resulted in changes to the consolidated balance sheet, with total assets increasing from 11.6958 billion RMB to 11.9401 billion RMB, an increase of 244.27 million RMB [3][4]. - Current assets increased by 111.28 million RMB, while non-current assets increased by 132.99 million RMB [3][4]. - The total liabilities rose from 7.0478 billion RMB to 7.1668 billion RMB, an increase of 118.95 million RMB [4]. - Shareholders' equity saw a net change, with capital reserves increasing by 87.08 million RMB and retained earnings slightly decreasing by 0.25 million RMB [4][5]. Group 3: Adjustments to Income Statement - The total operating revenue was adjusted from 1.4629 billion RMB to 1.5123 billion RMB, reflecting an increase of 49.42 million RMB [5][6]. - Total operating costs increased from 1.3363 billion RMB to 1.3781 billion RMB, an increase of 41.83 million RMB [5][6]. - The net profit was adjusted from 110.79 million RMB to 116.63 million RMB, an increase of 5.84 million RMB [6]. Group 4: Cash Flow Statement Adjustments - The cash flow from operating activities increased from 1.5230 billion RMB to 1.5994 billion RMB, an increase of 76.38 million RMB [7][8]. - The cash flow from investing activities showed an increase in outflows from 38.63 million RMB to 46.74 million RMB, an increase of 8.11 million RMB [8]. - The cash flow from financing activities reflected a net outflow adjustment from -99.74 million RMB to -103.28 million RMB, a change of 3.55 million RMB [8]. Group 5: Board and Supervisory Committee Opinions - The board of directors believes that the retrospective adjustments comply with national accounting standards and accurately reflect the company's financial status and operational results [8][9]. - The supervisory committee agrees with the board's assessment, stating that the adjustments do not harm the interests of the company or its shareholders, particularly minority shareholders [9].

Core Viewpoint - The company has announced a retrospective adjustment of financial data due to the acquisition of a 92.3333% stake in Anhui Xiangtai Automotive Chassis Components Co., Ltd, which is considered a business combination under common control [6][7][9]. Financial Data - The financial statements for the first quarter of 2025 have not been audited [1]. - The net profit of the acquired company before the merger was -6,168,774.49 yuan, compared to -5,152,759.86 yuan in the previous period [4]. Shareholder Information - There were no changes in the top ten shareholders or significant shareholders due to the transfer of shares [4]. Business Operations - No new retail stores were opened or closed in the first quarter of 2025 [11][12]. - The company plans to open three new "San Feng Qiao Food Specialty Stores" and four "7-11" convenience stores between April and June 2025 [13]. Meeting Resolutions - The seventh meeting of the ninth board of directors and the seventh meeting of the ninth supervisory board were held on April 28, 2025, where the financial report and the retrospective adjustment of financial data were approved [16][24][30].