A recent announcement by Yibin Wuliangye Co., Ltd. (referred to as "Wuliangye" or the "Company") regarding the correction of prior period accounting errors has drawn significant attention. The company stated that after reviewing its 2025 business model and adhering to the principle of prudence, it has adjusted the accounting treatment related to revenue recognition for certain 2025 operations. Lawyer Zhao Jingguo from Shanghai Xinben Law Firm notes that investors who purchased and held shares between April 26, 2025, and April 30, 2026, may voluntarily pre-register for compensation claims through the "Sina Investor Rights Protection Platform," regardless of whether they sold their shares on or after May 1, 2026.

The case centers on the announcement released on the evening of April 30, 2026, in which Wuliangye detailed corrections to prior period accounting errors. The adjustments pertain to the company's review of its 2025 business model and the subsequent recalibration of revenue recognition for specific transactions under the prudent principle. This correction affects certain items within the consolidated balance sheets and consolidated income statements for the first quarter, first half, and third quarter of 2025, as previously disclosed.

The restatement led to a dramatic revision of the financial data for the first three quarters of 2025: revenue was adjusted downward from approximately 60.945 billion yuan to about 30.638 billion yuan, while net profit attributable to shareholders plummeted from around 21.511 billion yuan to roughly 6.475 billion yuan. This overnight "disappearance" of over 30 billion yuan in revenue and 15 billion yuan in net profit has shocked the investor community.

The Xinben Investor Claims Team reminds affected parties that following the issuance of this accounting error correction, eligible investors who suffered losses can voluntarily pre-register for compensation claims through the designated platform.

Eligibility Criteria for Claims: Wuliangye: Investors who purchased and held shares between April 26, 2025, and April 30, 2026, irrespective of whether they sold their holdings on or after May 1, 2026. (The specific scope of compensation will be determined by the court.)