Thinker Agricultural Machinery (603789.SH) is expected to have a net loss of 110 to 170 million yuan in 2024 and may be subject to a delisting risk warning.

Thinker Agricultural Machinery (603789.SH) announced that it is expected to achieve a net profit attributable to the owners of the parent company of -170 million yuan to -110 million yuan for the year 2024. It is also expected to achieve a net profit after deducting non-recurring gains and losses attributable to the owners of the parent company of -200 million yuan to -140 million yuan. The company also expects to achieve operating income of 265 million yuan to 305 million yuan for the year 2024, with operating income after deducting business income unrelated to the main business and income without commercial substance of 250 million yuan to 290 million yuan. During the reporting period, factors such as low external grain prices, industry homogenization, and market competition have led to a decrease in domestic agricultural machinery product sales. Combined with the impact of fixed costs such as depreciation and amortization of internal factory buildings, land, and equipment, the company's gross profit margin is low, resulting in weak profitability and operating losses. According to the "Shanghai Stock Exchange Stock Listing Rules" Article 9.3.2, the company's stock may be subject to delisting risk warning (*ST) after the disclosure of the 2024 annual report if the audited profit, net profit, or net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative and the operating income is less than 300 million yuan, or if the profit, net profit, or net profit after deducting non-recurring gains and losses for the most recent fiscal year after restatement is negative and the operating income is less than 300 million yuan.