Core Viewpoint - *ST Xingnong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following the announcement of accounting errors that led to restatements of financial results [2][4][6]. Group 1: Investigation and Compliance - On September 29, *ST Xingnong announced it received a notice from the CSRC regarding the initiation of an investigation due to suspected information disclosure violations [2]. - The company stated that all business activities are operating normally and it will cooperate with the CSRC during the investigation while adhering to disclosure obligations [4]. Group 2: Accounting Errors - On September 26, *ST Xingnong disclosed corrections to prior accounting errors related to its agricultural service business, which involved improper revenue recognition due to customer fund returns lacking commercial substance [6]. - The corrections affected the consolidated balance sheets, income statements, and cash flow statements for the years 2023, 2024, and the first half of 2025, resulting in a reduction of 60.73 million yuan in 2023 revenue and a decrease of 5.29 million yuan in net profit for the same year, while increasing 2024 net profit by 420,500 yuan [9]. Group 3: Business Operations and Acquisitions - *ST Xingnong primarily engages in the research, manufacturing, sales, and service of agricultural machinery, including tractors and various types of farming equipment [11]. - In August, the company completed a cross-industry acquisition of 100% of Zhongcheng Automobile (Shandong) Co., Ltd. for 29.41 million yuan, which operates in the specialized vehicle sector, despite the acquired company reporting a net loss of 3.86 million yuan in 2024 [12]. - The chairman of *ST Xingnong, He Dejun, also serves as the director and legal representative of the acquired company, indicating potential conflicts of interest and uncertainties in resource integration [12]. Group 4: Financial Performance - *ST Xingnong has reported losses for five consecutive years from 2020 to 2024, with net profits of -159 million yuan, -55.79 million yuan, and -175 million yuan in the last three years [13]. - In the first half of 2025, the company achieved a revenue of 155 million yuan, a year-on-year increase of 59.8%, but still reported a net loss of 40.93 million yuan [13]. - As of September 29, *ST Xingnong's stock closed at 6.01 yuan per share, with a total market capitalization of 1.625 billion yuan [13].

Group 1 - *ST Xingnong has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [2] - The company announced a correction of accounting errors related to its agricultural service business, which affected revenue recognition [3] - The correction involved a reduction of 60.73 million yuan in 2023 revenue and a decrease of 5.29 million yuan in net profit, with a subsequent increase of 420,500 yuan in 2024 net profit [5] Group 2 - *ST Xingnong primarily engages in the research, manufacturing, sales, and service of agricultural machinery, including tractors and harvesting machines [6] - In August, the company completed a cross-industry acquisition of Zhongcheng Automobile (Shandong) Co., Ltd. for 29.41 million yuan, which reported a revenue of 5.24 million yuan and a net loss of 3.86 million yuan in 2024 [7] - The company has reported losses for five consecutive years, with net profits of -159 million yuan, -55.79 million yuan, and -175 million yuan over the last three years [9]

Core Viewpoint - *ST Xingnong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, following a significant adjustment to its 2023 revenue due to accounting errors related to its agricultural service business [1][4]. Group 1: Investigation and Regulatory Actions - The CSRC has issued a notice of investigation to *ST Xingnong due to suspected information disclosure violations [1]. - The company has previously received warnings from regulatory bodies regarding issues related to information disclosure and financial accounting [5]. Group 2: Financial Adjustments and Audit Opinions - *ST Xingnong adjusted its 2023 revenue downwards by over 60 million yuan, from 308 million yuan to 248 million yuan, due to the lack of commercial substance in its agricultural service business [4]. - The annual audit report for 2024 issued by the company's auditors contained a qualified opinion, primarily due to concerns over the authenticity and compliance of the newly added agricultural service business [2]. Group 3: Related Parties and Transactions - The auditors raised concerns about the legitimacy of transactions with Baizhou Shengzhenhe Agricultural Technology Co., which was established shortly before engaging in significant transactions with *ST Xingnong [3]. - There are indications of potential financial connections between Baizhou Shengzhenhe and Baizhou Yuefeng Smart Agriculture Technology Co., which could suggest a lack of commercial substance in the service chain involving *ST Xingnong [3].

*ST星农（603789）(603789.SH)发布公告，公司近日收到中国证券监督管理委员会(简称"中国证监会") 下发的《立案告知书》(编号：证监立案字01120250032号)，因公司涉嫌信息披露违法违规，根据《中 华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立案。 ...

Core Points - *ST Xingnong (603789.SH) has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation for suspected violations of information disclosure laws [1] - The CSRC has decided to initiate a case against the company based on the Securities Law of the People's Republic of China and the Administrative Penalty Law [1] Summary by Category - **Company Announcement** - The company announced that it has received a formal notice from the CSRC, indicating that it is under investigation for potential legal violations related to information disclosure [1] - **Regulatory Action** - The CSRC's decision to initiate a case is based on the company's alleged non-compliance with relevant securities laws and regulations [1]

特此公告。 星光农机股份有限公司 关于收到中国证券监督管理委员会立案告知书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 星光农机股份有限公司（以下简称"公司"）近日收到中国证券监督管理委员 会（以下简称"中国证监会"）下发的《立案告知书》（编号：证监立案字01120250032 号），因公司涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共 和国行政处罚法》等法律法规，中国证监会决定对公司立案。 目前公司各项经营活动和业务均正常开展，在立案调查期间，公司将积极配合 中国证监会的相关调查工作，并严格按照监管要求履行信息披露义务。公司指定信 息披露媒体为《上海证券报》《证券时报》及上海证券交易所网站（www.sse.com.cn）， 有关信息均以上述指定媒体刊登披露的公告为准。敬请广大投资者理性投资，注意 投资风险。 证券代码：603789 证券简称：*ST 星农 公告编号：2025-063 星光农机股份有限公司董事会 2025 年 9 月 30 日 ...

*ST星农表示，目前公司各项经营活动和业务均正常开展，在立案调查期间，公司将配合证监会的相关 调查工作，并按照监管要求履行信息披露义务。 交易行情显示，9月29日，*ST星农收涨0.84%，收于6.01元/股，总市值16.25亿元。 北京商报讯（记者 董亮 实习记者 李佳雪）9月29日晚间，*ST星农（603789）披露公告称，公司近日收 到证监会下发的《立案告知书》，因公司涉嫌信息披露违法违规，根据法律法规，证监会决定对公司立 案。 ...

人民财讯9月29日电，*ST星农（603789）9月29日公告，公司近日收到中国证监会下发的《立案告知 书》，因公司涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》 等法律法规，中国证监会决定对公司立案。 ...

证券代码：603789 证券简称：*ST 星农 公告编号：2025-062 星光农机股份有限公司 关于公司前期会计差错更正及追溯调整的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次前期会计差错更正涉及公司 2023 年年度报告、2024 年年度报告、 2025 年第一季度报告、2025 年半年度报告中的合并资产负债表的相关科目，2023 年年度报告、2024 年年度报告中的合并利润表的相关科目，2023 年年度报告、 2024 年年度报告中的合并现金流量表的相关科目。 本次会计差错更正已经公司董事会、监事会审议通过，无需提交股东大 会审议。 星光农机股份有限公司（以下简称"公司"）于 2025 年 9 月 26 日召开了第 五届董事会第十四次会议、第五届监事会第十一次会议，审议通过了《关于公司 前期会计差错更正及追溯调整的议案》，同意公司根据《企业会计准则第 28 号 ——会计政策、会计估计变更和差错更正》和《公开发行证券的公司信息披露编 报规则第 19 号——财务信息的更正及相关披露》的有关规定和 ...

关于星光农机股份有限公司 前期会计差错更正专项说明的 鉴证报告 上会师报字(2025)第 15140 号 上会会计师事务所（特殊普通合伙） 中国 上海 令计师 李 务所(特殊善通合伙) i Eentified Public Accountants (Shecial General Partner 关于星光农机股份有限公司 前期会计差错更正专项说明的鉴证报告 上会师报字(2025)第 15140 号 星光农机股份有限公司全体股东: 我们接受委托,对后附的星光农机股份有限公司(以下简称"星光农机")《前 期会计差错更正专项说明》(以下简称"专项说明")执行了合理保证的鉴证业务。 一、管理层责任 按照《企业会计准则第 28 号 -- 会计政策、会计估计变更和差错更正》、中国 证券监督管理委员会发布的《公开发行证券的公司信息披露编报规则第 19 号 -- 财 务信息的更正及相关披露》、《上海证券交易所股票上市规则》、《上海证券交易所上 市公司自律监管指南第 2 号 -- 业务办理》及《上海证券交易所上市公司自律监管 指南第1号 -- 公告格式》的相关规定编制专项说明,并保证专项说明的内容真实、 准确、完整,不存在虚假 ...