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ST Yedi: Issued a warning letter due to inaccurate financial information disclosure.
Gelonghui, April 30 | *ST Yedao announced that on April 30, 2026, the company received a decision from the Hainan Regulatory Bureau of the China Securities Regulatory Commission titled 'Administrative Regulatory Measure Decision to Issue a Warning Letter to Hainan Yedao (Group) Co., Ltd.' From 2020 to 2021, the company recognized sales revenue for certain transactions where actual shipments did not occur, resulting in inaccurate financial information disclosures in the annual reports for 2020 and 2021. From 2024 to 2025, the company engaged in related-party transactions with Hainan Yedao Yufan Food Co., Ltd., but failed to fulfill its information disclosure obligations as required. The aforementioned actions violated
Yeidao Technology Co., Ltd. reported revenue of 3.71 billion yuan in 2025, representing a year-on-year increase of 111.87%. The proportion of revenue from alcoholic beverages rose to 88.12%, but the company still incurred a net loss of 28.8753 million yua
In 2025, the company's revenue reached 371 million yuan, representing a year-on-year increase of 111.87%, primarily driven by its alcohol business. However, the net profit attributable to parent company shareholders remained in deficit at 28.8753 million yuan, with the non-recurring net profit narrowing to -23.6497 million yuan. Operating cash flow turned positive to reach 88.6292 million yuan, reflecting improved collections. Nevertheless, high leverage (88.60%), substantial payables to related parties, and multiple ongoing litigations highlighted persistent operational risks.
*ST Yedao: *ST Yedao\'s First Quarter Report for 2026
*ST Yedao: Summary of *ST Yedao\'s 2025 Annual Report
*ST Yedao: *ST Yedao 2025 Semi-Annual Report (Revised)
*ST Yedao: *ST Yedao 2020 Annual Report (Revised)