ST Zhongli progresses with 2024 annual report and audit

Jiangsu Zhongli Group (SZSE:002309) announced progress in its 2024 annual report preparation and audit, stating that the impact of the non-standard audit opinion in the 2023 report has been eliminated. The company expects a positive balance of shareholders' equity for 2024, estimating it between CNY 116,000 to CNY 166,000,000. The company confirmed that there are no major disagreements with the auditing firm regarding key accounting treatments, audit matters, or the timeline for issuing the audit report. The 2024 financial results benefited from the completion of its restructuring plan, which resolved historical regulatory issues, mitigated debt risks, and improved the company's financial standing.