Tianli Technology's earnings forecast undergoes a significant reversal, receiving a regulatory letter from the Shenzhen Stock Exchange. Net profit revised from an expected profit of 5 to 7.5 million yuan to a projected loss of 2 to 4 million yuan.

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Jiangxi Tianli Technology Co., Ltd. (hereinafter referred to as “the Company”) received a regulatory letter issued by the Management Department of the Shenzhen Stock Exchange’s ChiNext on March 27, 2026, due to inaccurate disclosure of performance forecast information (ChiNext Regulatory Letter [2026] No. 42).

The regulatory letter pointed out that in the “2025 Annual Performance Forecast” disclosed by the Company on January 30, 2026, it was estimated that the net profit attributable to shareholders of the listed company (hereinafter referred to as “net profit”) for 2025 would be between 5 million and 7.5 million yuan. However, just one and a half months later, on March 13, the Company disclosed the “2025 Annual Performance Forecast Correction Announcement,” stating that due to a dispute over the insurance business cooperation agreement, the net profit for 2025 was revised to between -4 million and -2 million yuan (i.e., a loss of 2 million to 4 million yuan). There was a significant discrepancy in the net profit disclosed in the two performance forecasts, and the Company failed to disclose the performance forecast truthfully, accurately, and completely within the specified time frame.

The Shenzhen Stock Exchange believes that Tianli Technology’s above behavior violates Articles 1.4, 5.1.1, and 6.2.1 of the “ChiNext Stock Listing Rules (Revised in 2025).” The Shenzhen Stock Exchange requires the Company’s board of directors to take the above issues seriously, learn lessons, rectify in a timely manner, and prevent such problems from occurring again. It also reminds the Company and all members of the board of directors that they must seriously and timely fulfill their information disclosure obligations in accordance with national laws and regulations and exchange rules, ensuring that the content of information disclosures is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and they will bear individual and joint liability for their guarantees.

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Editor: Xiao Lang Quick Report