星光农机股份有限公司 关于回购注销部分限制性股票通知债权人的公告 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。 证券代码：603789 证券简称：星光农机 公告编号：2025-034 一、通知债权人的事由 星光农机股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第五届董 事会第十次会议及第五届监事会第八次会议，审议通过了《关于回购注销激励对象已 获授但尚未解除限售的部分限制性股票的议案》，根据《上市公司股权激励管理办法》 《公司 2023 年限制性股票激励计划》（以下简称"本次激励计划"）的相关规定以 及公司 2023 年第二次临时股东大会的授权，鉴于本次激励计划激励对象中 2 人因个 人原因主动离职，不再符合激励对象条件，同时，首次及预留授予限制性股票的第二 个解除限售期公司层面业绩考核未达标，公司董事会同意对所有激励对象（即首次授 予和预留授予限制性股票的激励对象）已获授但尚未解除限售的合计 5,236,800 股限 制性股票进行回购注销。具体内容详见公司于 2025 年 4 月 30 日在指定信息 ...

星光农机股份有限公司 证券代码：603789 证券简称：星光农机 公告编号：2025-030 关于回购注销激励对象已获授但尚未解除限售 的部分限制性股票的公告 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： 公司于 2025 年 4 月 28 日召开第五届董事会第十次会议和第五届监事会第八 次会议，审议通过了《关于回购注销激励对象已获授但尚未解除限售的部分限制 性股票的议案》。根据《上市公司股权激励管理办法》（以下简称"《管理办法》"） 《星光农机股份有限公司 2023 年限制性股票激励计划》（以下简称"《激励计 划》"）的相关规定，鉴于本次激励计划激励对象中 2 人因个人原因主动离职， 不再符合激励对象条件，同时，首次及预留授予限制性股票的第二个解除限售期 公司层面业绩考核未达标，公司董事会同意对所有激励对象（即首次授予和预留 授予限制性股票的激励对象）已获授但尚未解除限售的合计 5,236,800 股限制性 股票进行回购注销。根据公司 2023 年第二次临时股东大会的授权，本次回购注 回购注销原因：星光农机 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥68,454,027.98, representing a 96.38% increase compared to ¥34,857,185.70 in the same period last year[5]. - The net profit attributable to shareholders was -¥28,366,761.03, compared to -¥23,145,748.96 in the previous year, indicating a continued loss[5]. - The net cash flow from operating activities was -¥44,940,281.62, a decline from -¥28,279,574.46 year-on-year, primarily due to reduced cash collections[5][10]. - The basic and diluted earnings per share were both -¥0.1091, compared to -¥0.089 in the same period last year[5]. - The weighted average return on net assets was -12.45%, a significant decline from -0.06% in the previous year[5]. - Net loss for Q1 2025 was ¥29,908,171.64, compared to a net loss of ¥23,532,869.16 in Q1 2024, representing a 27.1% increase in losses[24]. - Operating profit for Q1 2025 was -¥29,882,706.38, worsening from -¥23,476,546.09 in Q1 2024[23]. Revenue and Costs - The increase in operating revenue was mainly attributed to higher sales volume during the reporting period[10]. - Total operating costs for Q1 2025 were ¥100,001,124.44, up 62.4% from ¥61,538,627.76 in Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,181,242,778.70, a 1.74% increase from ¥1,160,993,983.43 at the end of the previous year[6]. - The total liabilities amount to 735,538,203.00 RMB, compared to 722,073,939.28 RMB, showing a slight increase[18]. - Total liabilities as of the reporting date were ¥929,366,165.95, an increase from ¥877,153,535.70 in the previous period[19]. - The equity attributable to shareholders decreased by 12.34% to ¥213,675,682.01 from ¥243,742,828.45 at the end of the previous year[6]. - Current assets total 608,833,356.08 RMB, compared to 565,152,219.07 RMB previously, reflecting a growth of approximately 7.5%[17]. - The company's inventory stands at 216,902,986.45 RMB, up from 207,089,492.52 RMB, indicating an increase of about 4%[17]. - Short-term borrowings decreased to 105,799,736.10 RMB from 122,750,271.61 RMB, a reduction of approximately 13.8%[18]. - The company has a long-term loan of 105,300,000.00 RMB, which increased from 65,500,000.00 RMB, reflecting a growth of approximately 60.8%[18]. Cash Flow - Cash inflow from operating activities in Q1 2025 totaled ¥71,277,003.80, an increase from ¥59,853,420.94 in Q1 2024[26]. - Cash paid for goods and services in Q1 2025 was ¥77,610,616.70, up from ¥48,132,390.22 in Q1 2024[26]. - Total cash outflow from operating activities amounted to $116,217,285.42, up from $88,132,995.40, reflecting increased operational expenses[27]. - The net cash flow from financing activities was $55,864,618.89, compared to $22,945,303.59 previously, indicating improved capital management[27]. - The company reported a net increase in cash and cash equivalents of $9,462,244.92, contrasting with a decrease of $19,065,929.19 in the previous period[27]. - The ending balance of cash and cash equivalents was $38,175,713.47, down from $48,837,597.33, suggesting a reduction in liquidity[27]. - Cash paid for operating activities related to employees was $23,318,442.80, an increase from $19,799,081.36, indicating higher labor costs[27]. - Cash paid for taxes was $3,094,004.47, a decrease from $3,755,010.24, reflecting potential tax efficiency[27]. - Cash outflow for investment activities was $1,462,092.35, significantly lower than $18,736,458.32, indicating reduced capital expenditures[27]. Shareholder Information - The total number of ordinary shares at the end of the reporting period is 31,013[12]. - The largest shareholder, Starlight Agricultural Science Holdings Group, holds 44,149,832 shares, accounting for 16.3% of total shares[12]. Research and Development - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[12]. - The company reported a significant increase in research and development expenses, totaling ¥3,533,468.40 in Q1 2025 compared to ¥4,009,771.13 in Q1 2024[23]. Accounting Policies - The company is adjusting its accounting policies in accordance with the new guidelines issued by the Ministry of Finance, which may impact future financial reporting[6]. - The company will not apply new accounting standards starting from 2025, maintaining current reporting practices[28].

Financial Performance - The company's operating revenue for 2024 was CNY 269,392,950.26, a decrease of 12.65% compared to CNY 308,401,212.83 in 2023[24]. - The net loss attributable to shareholders for 2024 was CNY -175,060,501.30, compared to a loss of CNY -55,792,620.52 in 2023[24]. - The cash flow from operating activities for 2024 was CNY -57,308,883.52, a significant decline from CNY 17,305,814.95 in 2023, representing a decrease of 431.15%[24]. - The company's net assets attributable to shareholders decreased by 41.86% to CNY 243,742,828.45 at the end of 2024, down from CNY 419,198,745.34 at the end of 2023[24]. - The basic earnings per share for 2024 was CNY -0.6418, compared to CNY -0.2146 in 2023[26]. - The weighted average return on equity for 2024 was -52.78%, a decline from -13.41% in 2023[26]. - The company will not distribute dividends for the 2024 fiscal year due to a net loss and negative retained earnings[6]. - The company reported a total profit loss of CNY -168.81 million during the reporting period[36]. - The company reported a gross margin of -16.29% in the equipment manufacturing sector, a decrease of 18.39 percentage points year-on-year[66]. - The company reported a total revenue of 459.55 million yuan, reflecting a decrease of 392.4 million yuan compared to the previous period[110]. Revenue Breakdown - In 2024, the company's operating revenue was CNY 269.39 million, a decrease of 12.65% year-on-year, while the main business revenue was CNY 256.37 million, down 13.10%[34]. - Domestic business revenue fell to CNY 202.24 million, a decline of 25.74%, while international business revenue (including entrusted exports) rose to CNY 54.13 million, an increase of 138.37%[35]. - The agricultural service revenue was CNY 8.87 million, a significant decline of 85.54% year-on-year[36]. - The sales volume of harvesters increased by 13.56%, while the sales volume of balers decreased by 64.89% compared to the previous year[68]. Product Development and Innovation - The company is focusing on new product development and market expansion strategies to improve future performance[9]. - The company has focused on optimizing and developing new products, including innovations in traditional products and the introduction of new smart agricultural machinery[36]. - The company launched new products such as a specialized rice harvesting machine and an automatic high-speed transplanting machine[36]. - The company is transitioning from a single agricultural machinery supplier to a provider of comprehensive mechanization solutions, with an increasing focus on agricultural service business[44][45]. - The product range now includes various machinery for six major crops, with plans to expand into aquaculture and facility agriculture, addressing diverse market needs[55]. - The company emphasizes user feedback in product development, ensuring high user satisfaction and continuous improvement of product performance[56]. Market Strategy and Expansion - The company is actively addressing the challenges of agricultural mechanization in mountainous areas by developing lightweight tracked tractors and tillers[36]. - The company is expanding its agricultural service business across multiple regions, including Chongqing, Anhui, Xinjiang, and Jiangxi, establishing a comprehensive operational service system covering the entire agricultural process from tillage to post-harvest management[37]. - The company is enhancing product quality through systematic training and strict quality monitoring across all production stages, ensuring accountability for quality issues[40][41]. - The company has successfully developed new distributors in Uzbekistan and Mexico, contributing to overseas business growth and increasing international market share[38]. - The company is committed to addressing the technological gap in the agricultural machinery industry by enhancing innovation and product quality to meet diverse market needs[43]. - The company plans to deepen its overseas market presence, particularly in countries along the "Belt and Road" initiative, by tailoring products and services to local agricultural policies and market demands[93]. Cost Management and Efficiency - The company is implementing a comprehensive cost reduction and efficiency enhancement strategy, including budget management and asset optimization, to improve cash flow quality and reduce bad debt risk[39]. - The company is actively reducing costs by optimizing resource allocation, enhancing accounts receivable collection, and implementing lean management principles to improve overall efficiency[96]. - The company aims to enhance profitability by analyzing cost structures and prioritizing profitable products while reducing the proportion of low-margin offerings[98]. - The company has established a cash dividend policy, committing to distribute no less than 30% of the distributable profits each year, although no dividend will be distributed for the fiscal year 2024 due to a projected loss[137]. Governance and Compliance - The company strictly adheres to the Company Law, Securities Law, and corporate governance guidelines, ensuring a robust governance structure and internal management[105]. - The board of directors operates independently, with specialized committees for strategy, investment, audit, nomination, and compensation, enhancing decision-making processes[106]. - The company has established performance evaluation and incentive mechanisms for directors and senior management, ensuring transparency in appointments[107]. - The company is committed to improving compliance with regulatory requirements following recent penalties[123]. - The company received a warning letter from the China Securities Regulatory Commission due to accounting errors in the Q3 report, affecting net assets and net profit figures[122]. Human Resources and Talent Management - The company has implemented a comprehensive compensation system that includes annual salary structures and performance-based incentives, aligning employee performance with company benefits[134]. - The company emphasizes employee training and development, integrating corporate strategic goals with employee career needs, and conducts targeted skills training for on-the-job employees[135]. - The company has established a talent pool through internal and external training programs to ensure sustainable development[135]. - The workforce includes 410 production personnel, 81 sales personnel, 92 technical personnel, and 27 financial personnel[133]. Environmental and Social Responsibility - The company invested 22.55 million yuan in environmental protection during the reporting period[148]. - The company has developed an automated production line for agricultural waste fertilizer, promoting a zero-emission ecological circular economy model[151]. - The company has implemented a pond circulation aquaculture system that achieves zero wastewater discharge and minimizes ecological impact[151]. - The company is continuously improving its green operation mechanisms, including the use of photovoltaic power generation and promoting energy-efficient products[153]. Risks and Challenges - The company faces risks from intensified market competition, particularly from new entrants in the agricultural machinery sector, which could negatively impact future performance[100]. - The company is at risk of macro policy adjustments that may affect subsidy eligibility for its products, potentially impacting sales and profitability[101]. - The company is exposed to financial risks due to high accounts receivable and tight liquidity, which could adversely affect operations if not managed properly[102]. - The company is vulnerable to fluctuations in raw material prices, particularly steel, which could increase production costs and affect profitability[102]. - The company is addressing talent shortages in key areas such as management and technical research, which could hinder future growth if not resolved[103].

星光农机股份有限公司 审计报告 上会师报字(2025) 第 6319 号 上会会计师事务所（特殊普通合伙） 中国 上海 and and - 师 事 务所(特殊普通合伙) rtified Public Accountants (Shecial Seneral Partner 审计报告 上会师报字(2025)第 6319 号 星光农机股份有限公司全体股东: 一、保留意见 我们审计了星光农机股份有限公司(以下简称"星光农机"或"贵公司")财务报 表,包括 2024 年 12 月 31 日的合并及母公司资产负债表, 2024 年度的合并及母公司 利润表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务 报表附注。 在执行期初余额审计过程中,我们对于贵公司 2023年度采棉农事服务按总额法 确认的收入 6.010 万元(成本 5.605 万元),截至本报告出具日尚未获得满意的证据表明 贵公司在该等交易中属于主要责任人角色,无法确定是否有必要对该项收入按净额 法进行调整。截至审计报告日,该交易形成的应收款尚有人民币 541万元未收回。 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册 ...

星光农机股份有限公司 内部控制审计报告 上会师报字(2025)第 7318 号 上会会计师事务所（特殊普通合伙） 中国 上海 the subject of the subject of 计师 李务所(特殊善通合 ntilied Public Accountants (Special General G 内部控制审计报告 上会师报字(2025)第 7318 号 星光农机股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们 审计了星光农机股份有限公司（以下简称"贵公司"）2024年12月 31 日的财务报告 内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评 价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是贵公司董事会 的责任。 我们认为,贵公司于 2024年 12 月 31 日按照《企业内部控制基本规范》和相关 规定在所有重大方面保持了有效的财务报告内部控制。 合计师 李务所（特殊善通合伙） rai Cortified Public Accountants (Special Genera (此 ...