Central China Securities (01375) reported changes in its accounting policies in line with new requirements issued by the Ministry of Finance and other regulatory bodies in 2025. These adjustments center on accounting treatment for frequently traded standard warehouse receipts, classifying related contracts as financial instruments when there is a practice of reselling the receipts rapidly to capitalize on short-term price volatility.

Under the new policy, gains or losses from selling these receipts shortly after acquisition are recorded as investment income rather than sales revenue, and any unsold receipts at period-end are listed as other current assets. The adjustments became effective on January 1, 2025, and the company applied retrospective modifications to its 2024 financial statements.

Revisions to the 2024 figures include a decrease in total operating income from RMB1,689.93 million to RMB1,392.41 million and a corresponding decrease in total operating expenses from RMB1,485.90 million to RMB1,188.38 million. The changes have no material impact on the company’s financial position, operating results, or cash flow, and do not adversely affect shareholder interests. The resolution on these policy changes was approved on January 30, 2026, and requires no separate shareholder vote.