上市公司2025年1-6月非经营性资金占用及其他关联资金往来情况汇总表 上市公司名称：北京顺鑫农业股份有限公司 单位：万元 非经营性资金占用 资金占用方 名称 占用方与上 市公司的关 联关系 上市公司核 算的会计 科目 2025年期初 占用资金 余额 2025年1-6月占 用累计发生金额 （不含利息） 2025年1-6 月占用资 金的利息 （如有） 2025年1-6月 偿还累计发生 金额 2025年6月 末占用资金 余额 占用形成 原因 占用性质 控股股东、实际控制 人及其附属企业 非经营性占用 小计 - - - - 前控股股东、实际控 制人及其附属企业 非经营性占用 小计 - - - - 其他关联方及其附 属企业 非经营性占用 小计 - - - - 总计 - - - - 其他关联资金往来 资金往来方 名称 往来方与上 市公司的关 联关系 上市公司核 算的会计 科目 2025年期初 往来资金 余额 2025年1-6月往 来累计发生金额 （不含利息） 2025年1-6 月往来资 金的利息 （如有） 2025年1-6月 偿还累计发生 金额 2025年6月 末往来资金 余额 往来形成 原因 往来性质 控股股东、实际 ...

Group 1 - The food and beverage sector experienced a significant decline on August 27, with the Food ETF (515710) dropping by 2.45% to close at 0.636 [1][2] - Notable declines were observed in liquor stocks, with Luzhou Laojiao, Gujing Gongjiu, and Shanxi Fenjiu falling over 4%, while Kweichow Moutai and Wuliangye also saw declines exceeding 2% [1][2] - The overall market sentiment indicates that despite previous gains, the liquor sector remains at a low point, with institutions suggesting that the current market conditions may present attractive opportunities for high-quality liquor stocks [1][3] Group 2 - According to institutional analysis, the current environment, characterized by policy-driven demand and favorable supply-side conditions, is expected to gradually improve the supply-demand dynamics in the liquor sector [3] - The Food ETF's price-to-earnings ratio stands at 21.35, placing it in the 10.57 percentile over the past decade, indicating a favorable long-term investment opportunity [3] - Analysts from Ping An Securities believe that the liquor sector's fundamentals are stabilizing, with upcoming festive seasons likely to boost consumption [4] Group 3 - The liquor sector has faced pressure since the implementation of the alcohol ban, but recent policy changes are expected to alleviate some of this pressure, setting the stage for a potential recovery [4] - Investment strategies suggest focusing on high-end liquor, mid-range liquor with national expansion, and local market strongholds as key areas for potential growth [4] - The Food ETF (515710) is highlighted as a core asset for investors looking to gain exposure to the food and beverage sector, with a significant portion of its holdings in leading liquor stocks [5]

Group 1 - The core viewpoint of the article highlights a significant increase in the A-share market for liquor stocks, with Shede Liquor leading the gains by over 7% [1] - Other notable performers include Shui Jing Fang, Shanxi Fen Jiu, Ying Jia Gong Jiu, and Luzhou Laojiao, all experiencing gains of over 1% [1] Group 2 - Shede Liquor (600702) saw a rise of 7.34%, with a total market capitalization of 21.8 billion and a year-to-date change of -0.06% [2] - Shui Jing Fang (600779) increased by 1.85%, with a market cap of 22.5 billion and a year-to-date decline of -11.63% [2] - Ying Jia Gong Jiu (603198) rose by 1.71%, with a market cap of 35.7 billion and a year-to-date decline of -14.09% [2] - Shanxi Fen Jiu (600809) increased by 1.68%, with a market cap of 243.8 billion and a year-to-date increase of 12.31% [2] - Luzhou Laojiao (000568) rose by 1.58%, with a market cap of 195.4 billion and a year-to-date increase of 11.27% [2] - Other companies such as Jinzhongzi Jiu (600199) and Gujing Gong Jiu (000596) also showed minor increases, with market caps of 7.4 billion and 87.5 billion respectively [2]

Core Viewpoint - The liquor sector experienced a rise of 0.87% on August 22, with *ST Rock leading the gains, while the Shanghai Composite Index rose by 1.45% and the Shenzhen Component Index increased by 2.07% [1]. Group 1: Liquor Sector Performance - The top-performing stock in the liquor sector was *ST Rock, closing at 6.72 with a gain of 5.00% and a trading volume of 51,800 shares [1]. - Other notable performers included Sharde Wine V, which closed at 60.91 with a 2.72% increase, and Gujing Gongjiu, which rose by 2.57% to close at 164.33 [1]. - The overall trading volume for the liquor sector was significant, with Guizhou Moutai achieving a trading volume of 45,000 shares and a closing price of 1463.95, reflecting a 1.08% increase [1]. Group 2: Capital Flow Analysis - The liquor sector saw a net inflow of main funds amounting to 30.83 million yuan, while retail investors contributed a net inflow of 24.6 million yuan [2]. - Conversely, there was a net outflow of 277 million yuan from speculative funds, indicating a mixed sentiment among different types of investors [2]. - The overall capital flow dynamics suggest a strong interest from retail investors despite the outflow from speculative funds [2].

序号代码名称最新价涨跌幅主力净流入主力净占比1002100天康生物6.61.072467.41万元9.41%2600975新 五丰6.470.621664.68万元5.92%3603717天域生物8.552.271509.48万元9.71%4002840华统股份 10.750.191368.62万元10.32%5002311海大集团60.220.871161.37万元3.17%6000735罗 牛 山6.440.94684.38 万元3.36%7002157正邦科技2.91.05649.50万元1.74%8300761立华股份19.711.86572.66万元1.67%9002385 大北农4.220.72526.59万元0.92%10603609禾丰股份8.940.68479.32万元6.42% 来源：金融界 8月21日，猪肉概念上涨0.75%，今日主力资金流出1.97亿元，概念股28只上涨，6只下跌。 主力资金净流出居前的分别为牧原股份（1.99亿元）、顺鑫农业（2979.91万元）、新希望（1936.05万 元）、得利斯（1393.17万元）、京基智农（974.31万元）。 ...

序号代码名称最新价涨跌幅主力净流入主力净占比1002714牧原股份46.710.821.22亿元6.8%2002311海大 集团59.881.911.15亿元22.34%3000876新 希 望9.830.924099.52万元9.4%4000860顺鑫农业 16.131.131780.33万元4.42%5600073光明肉业7.721.311383.10万元8.3%6605296神农集团32.340.811340.91 万元9.47%7603477巨星农牧20.870.341180.37万元4.14%8000735罗 牛 山6.370.0760.46万元4.53%9002982 湘佳股份16.18-0.25441.11万元4.47%10002726龙大美食5.45-0.18280.21万元2.76% 来源：金融界 8月19日，猪肉概念上涨0.22%，今日主力资金流入482.43万元，概念股19只上涨，10只下跌。 主力资金净流入居前的分别为牧原股份（1.22亿元）、海大集团（1.15亿元）、新希望（4099.52万 元）、顺鑫农业（1780.33万元）、光明肉业（1383.1万元）。 ...

Market Overview - The liquor sector experienced a decline of 0.65% on August 13, with *ST Rock leading the drop [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Liquor Sector Performance - Key liquor stocks showed mixed performance, with Shanxi Fenjiu closing at 188.08, up 0.69%, and Wuliangye remaining unchanged at 123.19 [1][2] - The trading volume and turnover for major stocks included Shanxi Fenjiu with 67,700 shares traded and a turnover of 1.268 billion yuan, and Wuliangye with 155,800 shares and a turnover of 1.916 billion yuan [1][2] Capital Flow Analysis - The liquor sector saw a net outflow of 1.758 billion yuan from institutional investors, while retail investors contributed a net inflow of 286 million yuan [2][3] - Notable individual stock capital flows included *ST Rock with a net outflow of 11.2673 million yuan from institutional investors, and a net inflow of 799.42 million yuan from retail investors [3]

Core Viewpoint - The company, Shunxin Agriculture, is experiencing a decline in stock price and has no plans for share repurchase, indicating potential concerns about market performance and investor confidence [1][2]. Group 1: Stock Performance - As of August 8, 2025, Shunxin Agriculture's stock closed at 15.8 yuan, down 0.32%, with a turnover rate of 0.73% and a trading volume of 54,100 shares, amounting to a total transaction value of 85.51 million yuan [1]. - On the same day, there was a net outflow of 7.68 million yuan from main funds, accounting for 8.98% of the total transaction value [7][8]. Group 2: Company Operations - The company has no plans for share buybacks, as confirmed by the company secretary in response to investor inquiries [2]. - The company experiences losses in the second to fourth quarters primarily due to the impact of other business operations, while the first quarter benefits from seasonal demand during traditional holidays [3]. - Shunxin Agriculture does not export alcoholic products, indicating a focus on domestic markets [4]. - The company is actively working on the construction of a national modern agricultural industrial park in Shunyi District, with plans for production to commence within the year [5][6].

Core Viewpoint - The white liquor sector continues to show weak rebound momentum due to persistent demand-side issues, with the Wind white liquor index rising only 0.78% this week, significantly lower than the Shanghai and Shenzhen indices [1] Industry Summary - The white liquor sector is transitioning from a volume-price logic to a share logic, leading to weakened growth potential for most stocks in the sector. White liquor may no longer be considered a cyclical growth stock, with a few stocks becoming "quasi-debt assets" due to competitive advantages, making stable ROE increasingly important for pricing [1][5] - Despite a slight increase in the white liquor index this week, several companies, including Jinshiyuan, Shunxin Agriculture, Jinzongzi Liquor, Shede Liquor, and Huangtai Liquor, saw their stock prices decline. Jinshiyuan reported significant operational difficulties, indicating that the industry is unlikely to see a turnaround in the short term [4][5] Company-Specific Summary - *ST Yanshi and *ST Yedao have experienced significant stock price fluctuations due to restructuring expectations, with market speculation evident [3] - *ST Yanshi's actual controller is under criminal investigation, which may lead to a change in company control if the judicial disposition of his shares occurs. *ST Yedao is backed by state-owned assets in Haikou, with the CSRC supporting state-led restructuring of troubled companies [4] - Jinshiyuan has reported a decline in terminal sales growth in June and July compared to April and May, primarily due to policy factors and seasonal influences. The company anticipates a substantial industry recovery may not occur until the second half of 2026 [5]

Core Viewpoint - The Chinese liquor industry is currently undergoing a deep adjustment period, with overall market performance being sluggish and many companies reporting significant declines in revenue and profit [1][3][4]. Industry Overview - The liquor industry is experiencing a noticeable slowdown in growth, with many companies reporting declines in both revenue and net profit, and some even turning from profit to loss [1][3]. - The adjustment in the industry is characterized by a systemic pressure affecting all companies, rather than isolated operational issues [3][4]. Company Performance - Jiu Gui Jiu's net profit for the first half of the year is expected to be between 8 million and 12 million yuan, a decline of 90.08% to 93.39% compared to 121 million yuan in the same period last year, with revenue expected to drop by approximately 43% to around 560 million yuan [1]. - Shui Jing Fang anticipates a net profit of 105 million yuan for the first half of the year, down 56.52% year-on-year, with revenue expected to decrease by 12.84% to 1.498 billion yuan, despite a 14.54% increase in sales volume [1]. - Shunxin Agriculture expects a net profit of 155 million to 195 million yuan, a decline of 53.85% to 63.32% year-on-year, due to decreased sales volume impacting overall revenue and profit levels [3]. - Jinzhongzi forecasts a net loss of 60 million to 90 million yuan for the first half of the year, attributing this to the industry's deep adjustment and ongoing decline in production [3]. Market Dynamics - The industry faces multiple challenges, including shrinking consumption scenarios, soft market demand, and a shift in consumer preferences towards fruit wines and low-alcohol beverages [4]. - High inventory levels and serious price inversion issues are exacerbating industry pressures, with over 58% of distributors reporting increased inventory and more than half facing price inversion problems [4]. - The average inventory turnover days have reached 900 days, an increase of 10% year-on-year, indicating significant supply chain inefficiencies [4]. Future Outlook - Despite the current challenges, leading companies like Kweichow Moutai and Wuliangye are still achieving relatively stable growth, with Moutai reporting a 9% year-on-year revenue increase [7]. - The low-alcohol beverage market is emerging as a new growth point, with companies exploring new product lines and sales channels [7]. - Industry experts predict a full recovery by 2027, with new development opportunities arising in 2028, suggesting that patience and understanding are needed for the industry's transformation [8][9].