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].

Core Insights - The article highlights the efficient agricultural service model in Jiangxi Province, particularly in Anfu County, where farmers utilize a digital platform called "Ganjitong" for various farming services, enhancing productivity and convenience [1][2][3]. Group 1: Agricultural Service Model - The "Ganjitong" platform allows farmers to order agricultural services like seedling cultivation, plowing, transplanting, pest control, harvesting, and drying, similar to ordering food online [2]. - Anfu County has several agricultural service centers that provide comprehensive services from seed to rice, with a total grain planting area of approximately 880,000 acres [3]. Group 2: Efficiency and Productivity - The integration of over 500 agricultural machines through the county's smart agriculture service platform has improved machine usage efficiency by over 30% during peak seasons, while reducing farmers' waiting times by 50% [3]. - Farmers report high yields, with one farmer estimating a harvest of 1,400 pounds per acre, thanks to the full-service agricultural support provided [1].