Huada Technology issued a correction announcement, stating that due to an error in offsetting other receivables and other payables, both items were inflated by 119 million yuan in the 2025 third-quarter report. The erroneous amount accounted for 1.69 percent of the company's total assets at the end of September 2025. After correction, total assets were revised down from 7.172 billion yuan to 7.053 billion yuan, other receivables plunged from 130 million yuan to 10.9549 million yuan, and other payables were reduced from 183 million yuan to 64.2351 million yuan. The company expressed deep apologies for the inconvenience caused to investors and pledged to strengthen the preparation and review of periodic reports. Additionally, the company expects a net loss attributable to shareholders of between 63 million yuan and 126 million yuan for the first half of 2026, compared with a profit of 199 million yuan in the same period last year, mainly due to a decline in the fair value of equity investments, production ramp-up in the die-casting business, and a drop in gross margins for fuel vehicle components.
Huada Automotive Tech Corp LtdCorrection of inflated figures and expected net loss for first half of 2026 due to fair value decline, production ramp-up, and margin drop.