Dahu Aquaculture restates earnings, cites internal control effectiveness

Dahu Aquaculture (SSE:600257) announced it will not distribute profits or transfer capital reserves for 2024 after reporting a net loss attributable to shareholders of (CNY -76.95 million), a situation further impacted by a (CNY -107.00 million) deficit in retained earnings. In their report (Zhonghuan Special No. (2025) 1100039), auditor Zhongshen Zhonghuan Certified Public Accountants noted that while management is responsible for truthful financial reporting, all audit evidence suggested Dahu's internal financial controls remained effective in all material respects as of December 31, 2024. Additionally, Zhongshen Zhonghuan issued an unqualified opinion in its separate audit of the company's internal controls (Zhongshen Special No. (2025) 1100027).