Delisi has made prior-period accounting error corrections and retrospective adjustments to its 2025 annual report and 2026 first-quarter report, directly causing the 2025 attributable net profit to swing from profit to loss. The correction stems from the transfer of an 11% stake in wholly-owned subsidiary Shandong Bindeli Food Co., Ltd. for 25.3 million yuan on December 19, 2025. At the parent level, an investment gain of 14.85 million yuan was recognized, but when preparing the consolidated financial statements, this gain was not reclassified to capital reserve, resulting in an overstatement of net profit by 14.85 million yuan in the consolidated income statement and an understatement of capital reserve by 14.85 million yuan in the consolidated balance sheet. After a self-inspection, the company convened a board meeting on July 17, 2026, and approved the retrospective restatement plan. Dahua Certified Public Accountants has issued a standard unqualified audit report. This adjustment reduces consolidated investment income by 19.8 million yuan, reduces income tax expense by 4.95 million yuan, simultaneously increases capital reserve by 14.85 million yuan, and reduces undistributed profit by 14.85 million yuan. Before the adjustment, attributable net profit was 4.5477 million yuan; after correction, it becomes a loss of 10.3023 million yuan. Deducted non-recurring profit is unaffected.
Shan Dong Delisi Food Co LtdAccounting error correction causes 2025 attributable net profit to swing from profit to loss.