Founder Technology corrects three years of financial reports

Founder Technology Group corrected its 2022, 2023, and 2024 annual reports due to adjustments from business mergers under common control.

For 2024, top five customer sales were revised upward from RMB 169,242.36 million to RMB 173,477.16 million, increasing their share of total sales from 48.61% to 49.83%.

The 2023 report saw top customer sales adjusted downward from RMB 167,223.52 million to RMB 154,842.02 million, with their share dropping from 53.10% to 49.17%.

For 2022, top customer sales increased from RMB 150,086.58 million to RMB 180,360.05 million, raising their share from 30.69% to 36.89%.

The company said the corrections don't affect its financial statements or cash flow.