On March 23rd, Xingguang Agricultural Machinery Co., Ltd. (stock abbreviation: * ST Xingnong, stock code: 603789) issued the "Fourth Risk Warning Announcement on the Possible Termination of Stock Listing", stating that if the company's 2025 annual report falls under the circumstances stipulated in Article 9.3.7 of the Shanghai Stock Exchange Listing Rules, the company's stock may be terminated from listing on the Shanghai Stock Exchange. Investors are advised to pay attention to investment risks.
On April 30, 2025, Starlight Agricultural Machinery disclosed the "Announcement on the Implementation of Delisting Risk Warning and Trading Suspension" (Announcement No. 2025-035). Due to the fact that the company's audited net profit before and after deducting non recurring gains and losses for the year 2024 is negative, and the operating income after deducting business income unrelated to the main business and income without commercial substance is less than 300 million yuan, the company's stock was subject to delisting risk warning on May 6, 2025.
According to Article 9.3.6 of the Shanghai Stock Exchange Listing Rules, if a listed company's stock is subject to delisting risk warning due to the circumstances specified in Article 9.3.2, paragraph 1, items (1) to (3), the company shall disclose a risk warning announcement that the stock may be delisted within one month after the end of the accounting year in which the delisting risk warning is implemented, and disclose a risk warning announcement every 10 trading days from the first risk warning announcement to the annual report disclosure.
*ST Xingnong issued risk warning notices on January 31, February 13, March 9, and March 23, 2026, stating that its stock may be delisted.
It is reported that Starlight Agricultural Machinery was established in 2004 and listed on the Shanghai Stock Exchange in 2015. Its main business is
combine harvesterOur research and development, production, and sales focus on the Starlight series collaboration
harvesterIt can be used for harvesting crops such as wheat, rice, and rapeseed.
In 2019, the revenue of Starlight Agricultural Machinery exceeded 700 million yuan for the first time. Since 2020, Starlight Agricultural Machinery's performance has declined, with six consecutive years of losses and negative net profits, until the company's stock is subject to delisting risk warning in 2025.
As of now, the 2025 financial report has not been disclosed, but * ST Xingnong has declared a loss. According to its 2025 annual performance forecast announcement, it is expected to achieve a total profit of -10 million to -70 million yuan in 2025; It is expected that the net profit attributable to the owners of the parent company in 2025 will be between -135 million yuan and -90 million yuan; Expected net assets by the end of 2025 are between 100 million and 150 million yuan.
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Disclaimer: This article is compiled and published by Agricultural Machinery Network (www.nongjx. com), with sources: * ST Xingnong and Juchao Information. The purpose of publishing this information on this website is to spread more information and is not related to the position of this website. And we solemnly remind all readers that the stock market carries risks and investors need to be cautious. This article is not intended as a reference or basis for any investment.
