Core Viewpoint - Shunxin Agriculture (000860.SZ) reported a significant decline in both revenue and net profit for the third quarter, indicating potential challenges in its operational performance [1] Financial Performance - The company's revenue for the first three quarters was 5.869 billion yuan, representing a year-on-year decrease of 19.79% [1] - The net profit attributable to shareholders was 76.98 million yuan, down 79.85% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 82.76 million yuan, reflecting a year-on-year decline of 78.32% [1]

Core Viewpoint - Shunxin Agriculture reported a revenue of 5.869 billion and a net profit of 76.9828 million for the first three quarters of 2025, amidst a deep adjustment in the liquor industry, particularly in the light bottle liquor sector, and is focusing on brand renewal, product iteration, and channel deepening to strengthen its "people's liquor" strategy for future growth [1] Brand Renewal - The company is advancing its brand youthfulness through diversified content marketing and precise cross-industry collaborations, enhancing emotional connections with consumers [2] - The "Fireworks in the World" series of short films, launched in early 2025, achieved over 300 million views on platforms like Douyin, with a single video from the Spring Festival garnering over 20 million views [2] - Shunxin Agriculture partnered with the popular drama "In the Name of Law," becoming the exclusive title brand for Youku's "White Night Theater," resulting in significant brand exposure with over 1267 trending topics during the show's airing [2] Product Iteration - The company is innovating its product offerings to cater to the changing preferences of younger consumers, with a focus on the "Jinbiao Chenxiang" as a key product in the pure grain light bottle liquor segment [3] - The "Niubitu" drink, a mix of Jinbiao Chenxiang, Sprite, lemon, and mint, unexpectedly gained popularity in summer 2025, with the related topic on Douyin reaching over 160 million views and 50,000 new posts on Xiaohongshu within two weeks [3] - This trend reflects a shift in drinking habits among younger demographics, moving away from traditional, formal consumption settings to more relaxed and interactive experiences [3] Channel Deepening - In the first half of 2025, the company's liquor business revenue fluctuated due to overall industry adjustments and intensified competition in the light bottle liquor market [4] - The company is actively adjusting its market strategy and strengthening terminal channel construction, identifying thousands of local dining establishments across China through initiatives like the "Jinbiao Niuyan Fire Restaurant List" [4] - Continuous efforts are being made to enhance the terminal display and tasting activities for Jinbiao Chenxiang, increasing penetration in the dining channel [4] - Overall, Shunxin Agriculture's systematic efforts in brand, product, and channel development reflect the ongoing deepening of its "people's liquor" strategy, laying a solid foundation for future growth [4]

Core Insights - Shunxin Agriculture reported a significant decline in revenue and net profit for the first nine months of 2025, indicating potential challenges in its business operations [1] Financial Performance - The company achieved an operating income of 5.869 billion yuan, representing a year-on-year decrease of 19.79% [1] - The net profit attributable to shareholders of the listed company was 77 million yuan, down 79.85% year-on-year [1]

Core Insights - Shunxin Agriculture reported a 19.79% decline in revenue for the first three quarters of 2025, totaling 5.869 billion yuan [1] - The company's net profit attributable to shareholders decreased by 79.85%, amounting to 76.9828 million yuan [1] Financial Performance - Revenue for the first three quarters fell to 5.869 billion yuan, down from the previous year [1] - Net profit attributable to shareholders dropped significantly to 76.9828 million yuan [1]

第九届监事会第十四次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 北京顺鑫农业股份有限公司第九届监事会第十四次会议决议公告 证券代码：000860 证券简称：顺鑫农业 公告编号：2025-029 北京顺鑫农业股份有限公司 1、审议通过了《公司 2025 年第三季度报告》。 《公司 2025 年第三季度报告》登载于《证券时报》《中国证券报》《上海 证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）。 表决结果：有效表决票数 3 票，其中同意 3 票，反对 0 票，弃权 0 票。 三、备查文件 1、公司第九届监事会第十四次会议决议。 特此公告。 北京顺鑫农业股份有限公司 监事会 2025 年 10 月 30 日 一、监事会会议召开情况 北京顺鑫农业股份有限公司（以下简称"本公司"或"公司"）第九届监事 会第十四次会议通知于 2025 年 10 月 17 日以当面送达的方式通知了公司全体监 事，会议于 2025 年 10 月 29 日在顺鑫国际商务中心 12 层会议室召开，会议应出 席监事 3 人，实际出席监事 3 人，由监事会主 ...

北京顺鑫农业股份有限公司 第九届董事会第二十四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 北京顺鑫农业股份有限公司（以下简称"公司"或"顺鑫农业"）第九届董 事会第二十四次会议通知于 2025 年 10 月 17 日以当面送达的方式通知了公司全 体董事、监事，会议于 2025 年 10 月 29 日在顺鑫国际商务中心 12 层会议室召开， 会议应出席董事 9 人，实际出席董事 9 人。会议由董事长李颖林先生主持，公司 监事、高级管理人员列席了本次会议。本次会议符合《公司法》和《公司章程》 的有关规定。 北京顺鑫农业股份有限公司第九届董事会第二十四次会议决议公告 证券代码：000860 证券简称：顺鑫农业 公告编号：2025-028 本议案经公司董事会审计委员会审议通过。 表决结果：有效表决票数 9 票，其中同意票 9 票，反对票 0 票，弃权票 0 票。 三、备查文件 1、公司第九届董事会第二十四次会议决议； 2、公司第九届董事会审计委员会第十一次会议决议。 特此公告。 北京顺鑫农业股份有限公司 董事会 2025 年 ...

北京顺鑫农业股份有限公司 2025 年第三季度报告 证券代码：000860 证券简称：顺鑫农业 公告编号：2025-027 北京顺鑫农业股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末比 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 期增减 | 上年同期增减 | | | 营业收入（元） | 1,276,143,945.30 | -21.72% | 5,868,833,401.62 | -19 ...

Market Overview - The liquor sector experienced a decline of 0.31% on October 22, with Jinhuijiu leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Individual Stock Performance - Shede Liquor closed at 62.68, up 0.51% with a trading volume of 83,900 shares and a turnover of 529 million yuan [1] - Luzhou Laojiao closed at 134.67, up 0.34% with a trading volume of 56,200 shares and a turnover of 757 million yuan [1] - Jinhuijiu closed at 19.90, down 1.87% with a trading volume of 39,700 shares and a turnover of 79.43 million yuan [2] - Gujing Gongjiu closed at 153.69, down 1.63% with a trading volume of 15,400 shares and a turnover of 239 million yuan [2] Capital Flow Analysis - The liquor sector saw a net outflow of 188 million yuan from main funds, while retail investors contributed a net inflow of 168 million yuan [2] - Major stocks like Luzhou Laojiao and Shede Liquor experienced mixed capital flows, with Luzhou Laojiao seeing a net inflow of 41.57 million yuan from main funds [3] - Guizhou Moutai had a net inflow of 27.73 million yuan from main funds, indicating continued interest despite overall sector decline [3]

Core Insights - The liquor sector experienced a slight increase of 0.14% on October 21, with *ST Rock leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance Summary - *ST Rock (600696) closed at 5.84, with a rise of 5.04% and a trading volume of 47,600 shares, totaling 27.11 million yuan [1] - Other notable performers include Tianyoude Liquor (002646) at 9.80, up 1.34%, and Qingdao Wenzhou (000995) at 13.97, up 1.31% [1] - Major stocks like Luzhou Laojiao (000568) and Kweichow Moutai (600519) saw minor increases of 0.80% and 0.30%, respectively, with Moutai's closing price at 1462.26 and a trading volume of 25,400 shares, totaling 3.73 billion yuan [1] Capital Flow Analysis - The liquor sector saw a net inflow of 12.19 million yuan from major funds, while retail investors contributed a net inflow of 15.9 million yuan [2] - Conversely, speculative funds experienced a net outflow of 172 million yuan [2] Individual Stock Capital Flow - Kweichow Moutai (600519) had a significant net inflow of 1.26 billion yuan from major funds, while it faced a net outflow of 1.26 billion yuan from speculative funds [3] - Wuliangye (000858) reported a net inflow of 29.16 million yuan from major funds, but a net outflow of 39.27 million yuan from retail investors [3] - *ST Rock (600696) showed a net inflow of 6.38 million yuan from major funds, while retail investors withdrew 5.52 million yuan [3]

Market Overview - The liquor sector experienced a decline of 0.87% on October 13, with *ST Rock leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Individual Stock Performance - *ST Rock (600696) closed at 5.63, down 3.10% with a trading volume of 37,400 shares and a turnover of 20.94 million yuan [1] - Other notable declines include: - Si Gu Dian (000799) down 2.30% to 59.57 with a volume of 105,200 shares [1] - Gujing Gongjiu (000596) down 2.24% to 150.83 with a volume of 18,900 shares [1] - Huangtai Liquor (000995) down 2.12% to 13.83 with a volume of 39,700 shares [1] Capital Flow Analysis - The liquor sector saw a net outflow of 1.133 billion yuan from main funds, while retail funds had a net inflow of 579 million yuan [1] - The table of capital flow indicates that major stocks like Kweichow Moutai (6150009) had a net outflow of 4.91 million yuan, while retail investors contributed a net inflow of 29,500 yuan [2] - Luzhou Laojiao (000568) experienced a net outflow of 1.74 million yuan from main funds but saw a retail net inflow of 8.366 million yuan [2]