Core Viewpoint - *ST Xingnong (603789.SH) is expected to report significant losses for the year 2025, with projected total profits ranging from -100 million to -70 million yuan and net profits attributable to shareholders expected to be between -135 million and -90 million yuan [1] Financial Projections - Estimated total profit for 2025 is projected to be between -100 million and -70 million yuan [1] - Expected net profit attributable to the parent company is forecasted to be between -135 million and -90 million yuan [1] - Projected net profit after deducting non-recurring gains and losses is estimated to be between -220 million and -150 million yuan [1] - Anticipated operating revenue for 2025 is expected to be between 350 million and 400 million yuan, with core operating revenue (excluding unrelated business income) projected to be between 310 million and 350 million yuan [1] - Expected net assets by the end of 2025 are estimated to be between 100 million and 150 million yuan [1] Reasons for Performance Decline - The primary reason for the expected loss is the company's expansion into new business areas, forming two main segments: agricultural machinery and automotive, which led to a significant increase in revenue compared to the previous year [1] - Despite revenue growth, the overall cost structure remains high, particularly in the agricultural machinery segment, where industry fluctuations and market competition have forced the company to adjust its production capacity and divest subsidiaries, resulting in a substantial decline in revenue compared to the previous year [1] - The company continues to face pressure from fixed costs related to factories and equipment, leading to high overall product costs and weak profitability [1] - The new business segments have not yet generated sufficient profits to offset the losses from the original agricultural machinery segment, contributing to the overall expected losses [1] - The company has made provisions for bad debts and asset impairments according to accounting standards, which is expected to reduce net profit by approximately 37 million yuan [1]

Core Viewpoint - *ST Xingnong (603789.SH) is expected to report significant losses for the year 2025, with projected total profit ranging from -100 million to -70 million yuan and net profit attributable to shareholders expected to be between -135 million and -90 million yuan [1] Financial Projections - Estimated total profit for 2025 is projected to be between -100 million and -70 million yuan [1] - Expected net profit attributable to the parent company is forecasted to be between -135 million and -90 million yuan [1] - Projected net profit after deducting non-recurring gains and losses is estimated to be between -220 million and -150 million yuan [1] - Anticipated operating revenue for 2025 is expected to be between 350 million and 400 million yuan, with core operating revenue (excluding unrelated business income) projected to be between 310 million and 350 million yuan [1] - Expected net assets by the end of 2025 are estimated to be between 100 million and 150 million yuan [1] Reasons for Performance Decline - The primary reason for the expected loss is the company's expansion into new business areas, forming two main segments: agricultural machinery and automotive, which led to a significant increase in revenue compared to the previous year [1] - Despite revenue growth, the overall cost structure remains high, particularly in the agricultural machinery segment, where industry fluctuations and market competition have forced the company to adjust its production capacity and divest subsidiaries, resulting in a substantial decline in revenue compared to the previous year [1] - The company faces ongoing fixed cost pressures from facilities and equipment depreciation, leading to high product costs and weak profitability [1] - The new business segments have not yet generated sufficient profits to offset the losses from the original agricultural machinery segment, contributing to the overall expected losses [1] - The company has made provisions for bad debts and asset impairments according to accounting standards, which is expected to reduce net profit by approximately 37 million yuan [1]

证券代码：603789 证券简称：*ST 星农 公告编号：2026-005 星光农机股份有限公司 股票可能被终止上市的风险提示公告 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： 星光农机股份有限公司（以下简称"公司"）于 2025 年 4 月 30 日披露 了《关于实施退市风险警示暨停牌的公告》（公告编号：2025-035），因公司 2024 年度经审计的扣除非经常性损益前后的净利润低者为负值，且扣除与主营 业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，公司股 票于 2025 年 5 月 6 日起被实施退市风险警示。若公司 2025 年年度报告出现《上 海证券交易所股票上市规则》第 9.3.7 条规定的情形，公司股票可能被上海证券 交易所终止上市，敬请广大投资者注意投资风险。 （三）财务报告内部控制被出具无法表示意见或者否定意见的审计报告，或 者未按照相关规定披露财务报告内部控制审计报告，但公司因进行破产重整、重 根据《上海证券交易所股票上市规则》第9.3.7条规定，若公司2025年年度 ...

Entiliad. Public Secondants (Special Genera 关于星光农机股份有限公司 关于星光农机股份有限公司 2025 年度因财务类指标涉及退市风险警示 有关情形 预审计情况的专项说明 上会师报字(2026)第 0341 号 上会会计师事务所（特殊普通合伙） 中国 上海 ·计师事务所(特殊善通合伙) 2025 年度因财务类指标涉及退市风险警示有关情形 预审计情况的专项说明 上会师报字(2026)第 0341 号 星光农机股份有限公司全体股东: 我们接受委托,对星光农机股份有限公司(以下简称"星光农机")2025年度财务 报表进行审计。截至本专项说明出具之日止，我们的审计工作尚在进行中，最终的 审计意见尚未形成。 根据《上海证券交易所上市公司自律监管指南第1号一公告格式》的相关规定, 星光农机编制了 2025 年度业绩预告。编制和对外披露业绩预告,并确保其真实性、 准确性和完整性是星光农机管理层的责任。 经星光农机财务部门初步测算,预计 2025 年扣除与主营业务无关的业务收入和 不具备商业实质的收入后的营业收入为 31,000 万元到 35,000 万元,预计 2025年归属 于 ...

证券代码：603789 证券简称：*ST 星农 公告编号：2026-004 星光农机股份有限公司 2025 年年度业绩预亏公告 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： 风险提示： 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年年度实现利润总额-10,000 万元到-7,000 万元，预计 2025 年年度归属于母公司所有者的净利润为-13,500 万元到-9,000 万元， 扣除非经常性损益后的净利润为-22,000 万元到-15,000 万元。 2、预计 2025 年年度营业收入为 35,000 万元到 40,000 万元，扣除与主营业务无 关的业务收入和不具备商业实质的收入后的营业收入为 31,000 万元到 35,000 万元。 3、预计 2025 年末净资产为 10,000 万元到 15,000 万元。 业绩预告的具体适用情形：净利润为负值。因星光农机股份有限公司（以下简 ...

Group 1 - The company has provided a guarantee of 10 million RMB for its wholly-owned subsidiary, Zhongcheng Automobile (Shandong) Co., Ltd., to secure a bank credit facility from Weifang Bank [1][6] - The guarantee period is three years from the day after the main debt performance period ends or from the day Weifang Bank fulfills the obligations on behalf of the debtor [5] - The company has approved a total guarantee limit of up to 100 million RMB for its subsidiaries for the year 2025, which can be used flexibly among its subsidiaries [1][6] Group 2 - Zhongcheng Automobile is not a dishonest executor [2] - The guarantee includes the main debt and other payable items, with the maximum principal limit set at 10 million RMB [4] - The company has a total external guarantee amount of 242.65 million RMB, with guarantees to subsidiaries amounting to 139.90 million RMB, which is 58.57% of the company's latest audited net assets [7] Group 3 - The company has a current external guarantee balance of 89.78 million RMB, which is 37.58% of the latest audited net assets [7] - The company has overdue compensation claims of approximately 1.7382 million RMB for guarantees provided to non-related dealers, which is currently being pursued [8]

证券代码：603789 证券简称：*ST 星农 公告编号：2026-003 星光农机股份有限公司 关于为全资子公司提供担保暨担保进展的公告 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： 担保对象及基本情况 | 被担保人名称 | 本次担保金额 | 实际为其提供的 | | 是否在前期预计 | 本次担保是否有 | | --- | --- | --- | --- | --- | --- | | | | 担保余额（不含本 次担保金额） | | 额度内 | 反担保 | | 中城汽车(山东)有 限公司 | 1,000 万元 | 0 | 万元 | 是 | 否 | 累计担保情况 | 对外担保逾期的累计金额（万元） | 173.82 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 24,265 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 101.58% | | 特别风险提示 | □担保金额（含本次）超过上市公司最近一 | | | 期经审计净资产 50% ...

证券代码：603789 证券简称：*ST 星农 公告编号：2026-002 星光农机股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： | 一、减持主体减持前基本情况 | | --- | | 股东名称 | 李伟红 | | | | --- | --- | --- | --- | | | 控股股东、实控人及一致行动人 | □是 | √否 | | 股东身份 | 直接持股 5%以上股东 | √是 | □否 | | | 董事、监事和高级管理人员 | □是 | √否 | 1 大股东持股的基本情况: 截至本公告披露之日，李伟红持有星光农机 股份有限公司（以下简称"公司"）股份 11,463,172 股，占公司总股 本的 4.2385%，累计质押股份 0 股，占其持股总数 0%。 减持计划的实施结果情况：公司于 2025 年 9 月 24 日披露了《股东减 持股份计划公告》（公告编号：2025-060）。股东李伟红因个人资金需 求，拟通过集中竞价交易和大宗交易方式减持公司股票不超过 8 ...

Core Viewpoint - *ST Xingnong (603789.SH) has completed a share reduction plan, with significant shares sold by a major shareholder, Li Weihong, indicating potential changes in shareholder structure and market sentiment [1] Summary by Category Share Reduction Details - Li Weihong has reduced holdings through block trading by a total of 5.409 million shares, accounting for approximately 2% of the company's total shares [1] - Additionally, Li Weihong has reduced holdings through centralized bidding by 2.4928 million shares, representing about 0.9217% of the total shares [1] - The total reduction amounts to 7.9018 million shares, which is approximately 2.9217% of the company's total shares [1]

证券代码：603789 证券简称：*ST星农 公告编号：2026-001 星光农机股份有限公司 2026年第一次临时股东会决议公告 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： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2026年1月5日 (二)股东会召开的地点：浙江省湖州市和孚镇星光大街1699号公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由公司董事会召集，董事长何德军先生主持，会议采取现场投票和网络投票相结合的表决方 式。本次股东会的召集、召开、决策程序，符合《公司法》及《公司章程》的规定。 ■ (五)公司董事和董事会秘书的列席情况 (一)非累积投票议案 1、议案名称：关于2026年度日常关联交易预计的议案 1.01与星光农业的关联交易 关联股东钱菊花回避表决。 审议结果：通过 表决情况： 1.02议案名称：与中城工业及其控制下的主体的关联交易 ...