Sounding the "alarm," Xygf may be designated as *ST, and the company has responded

According to Jinshi Data on January 21, Xygf is expected to incur a loss of 280 million to 400 million yuan in 2024, and the company's stock trading may be subject to delisting risk warnings. Regarding the significant decline in performance, a reporter called Xygf, and relevant staff stated that the agricultural machinery business accounts for a large proportion of the business segments. As a traditional business, it has certain industry cyclicality, and this industry fluctuation has had a significant impact on the agricultural machinery business. To address the asset tightness issue, the staff mentioned that the company has been actively promoting financing and private placement matters. The company started financing in 2019 but was investigated in 2021. After the investigation concluded in 2023, it initiated refinancing in 2024, but has not yet submitted a declaration to the exchange