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Jinrui Mining Annual Report Data Error: Main Product Inventory Year-over-Year Growth Rate Incorrect
On the evening of April 7, JINRUI Mining (SH600714, stock price 16.92 yuan, market value 4.876 billion yuan) issued a correction announcement regarding its 2025 annual report, correcting annual report data disclosed by the company recently. The main content of this correction is that the year-over-year growth rate of the company’s primary product, strontium carbonate, inventory for 2025 was significantly reduced from 600.22% to 205.88%.
It is worth noting that just before this correction announcement was released, Daily Economic News (abbreviated as “Jingji News Daily”) reported on April 2 after market close on JINRUI Mining’s 2025 annual report, titled “JINRUI Mining’s 2025 Revenue and Net Profit Both Decline Year-over-Year, Main Product Inventory Soars More Than 600% Year-over-Year.”
Before this correction, at the end of 2025, the inventory of JINRUI Mining’s main product, strontium carbonate, was 6,428 tons, an increase of 600.22% compared with the end of 2024; the inventory of another product, metallic strontium, was 613 tons, an increase of 119.71% compared with the end of 2024. After the correction, at the end of 2025, the company’s strontium carbonate inventory was 2,808 tons, an increase of 205.88% compared with the end of 2024; the metallic strontium inventory was 252 tons, a decrease of 9.68% compared with the end of 2024.
Main correction content in JINRUI Mining’s 2025 annual report Image source: announcement screenshot
A huge discrepancy in data—“up 6 times” to “up 2 times”—may change the public’s understanding of the company’s inventory situation.
JINRUI Mining explained in the announcement that the reason the 2025 annual report had errors was “staff oversight.”
Despite the significant data correction, the listed company emphasized in the announcement that, aside from the above, other content of the company’s “2025 Annual Report” remains unchanged. This correction will not affect the company’s financial position and operating results for 2025, and it “deeply apologizes for the inconvenience this correction has caused to investors,” and it commits that “in the future the company will further strengthen the review of disclosure documents.”
Daily Economic News