董事会审计委员会对会计师事务所 2024 年度履职情况评估及 履行监督职责情况的报告 北京顺鑫农业股份有限公司（以下简称"公司"）董事会审计委员会根据《公司 法》《证券法》《国有企业、上市公司选聘会计师事务所管理办法》《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》及《公司章程》等相关 规定和要求，现就对北京德皓国际会计师事务所(特殊普通合伙)（以下简称"德皓事务 所"）2024 年度履职情况评估及履行监督职责的情况报告如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 1.基本信息 会计师事务所名称：北京德皓国际会计师事务所（特殊普通合伙） 成立日期：2008 年 12 月 8 日 组织形式：特殊普通合伙 注册地址：北京市西城区阜成门外大街 31 号 5 层 519A 首席合伙人：杨雄 人员信息：截至 2024 年 12 月 31 日，德皓事务所合伙人 66 人，注册会计师 300 人，签署过证券服务业务审计报告的注册会计师 140 人。 德皓事务所近三年因执业行为受到刑事处罚 0 次、行政处罚 0 次、行政监管措施 2 次、自律监管措施 0 次和纪律处分 ...

证券代码：000860 证券简称：顺鑫农业 公告编号：2025-014 北京顺鑫农业股份有限公司 日常关联交易预计公告 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、日常关联交易基本情况 （一）日常关联交易概述 北京顺鑫农业股份有限公司（以下简称"公司"、"本公司"）及其下属公司与 公司控股股东北京顺鑫控股集团有限公司（以下简称"顺鑫控股"）及其附属公司 因日常业务经营需要发生日常关联交易，涉及向关联人销售商品、提供劳务、采 购商品、接受劳务等，2025年关联交易预计总金额不超过8,770.00万元。2024年 关联交易预计总金额不超过19,635.00万元，2024年同类交易实际发生总金额为 6,188.95万元。 公司于2025年4月22日召开了第九届董事会第二十一次会议，会议审议通过 了关于《公司日常关联交易预计》的议案。关联董事李颖林先生、李秋生先生、 林金开先生进行了回避。 该议案已经独立董事专门委员会审议通过，尚需提交股东大会审议批准，关 联股东顺鑫控股将在股东大会上回避表决该议案。 （二）预计日常关联交易类别和金额 单位：万元 | 关联交易 ...

| 目录 | | 诚信经营 | | 守"鑫"护绿 | | 匠"鑫"独运 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 携手"鑫"篇章 | | 共建生态家园 | | 雕琢品质巅峰 | | | 关于本报告 | 01 | 党建引领前行 | 23 | 应对气候变化 | 36 | 创新驱动引领 | 65 | | 董事长致辞 | 03 | 规范治理基石 | 25 | 环境合规管理 | 43 | 科学安全养殖 | 78 | | 2024年可持续发展亮点 | 05 | 董监高薪酬 | 28 | 水资源管理 | 57 | 食品质量与安全 | 80 | | 关于顺鑫农业 | 07 | | | | | | | | | | 加强合规管理 | 29 | 物料循环利用 | 63 | 客户权益保护 | 88 | | 可持续发展治理 | 12 | 优化投关管理 | 30 | | | 负责任供应链 | 90 | | 专题 营销风暴，美味出圈进行时 | 19 | 恪守商业诚信 | 32 | | | 数据安全保护 | 93 | | 展望未来 | 123 | | | | | ...

Financial Performance - The company's operating revenue for 2024 was CNY 9,125,832,461.81, a decrease of 13.85% compared to CNY 10,592,555,954.31 in 2023[21] - The net profit attributable to shareholders for 2024 was CNY 231,171,053.79, representing a significant increase of 178.20% from a loss of CNY 295,598,061.91 in 2023[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 245,677,692.72, up 143.08% from a loss of CNY 570,232,397.04 in the previous year[21] - The net cash flow from operating activities for 2024 was CNY 111,672,106.45, a turnaround of 115.13% from a negative cash flow of CNY 738,176,889.59 in 2023[21] - Basic earnings per share for 2024 were CNY 0.3116, compared to a loss of CNY 0.3985 per share in 2023, marking an increase of 178.19%[21] - Total assets at the end of 2024 were CNY 14,994,542,079.57, a decrease of 2.42% from CNY 15,367,166,219.19 at the end of 2023[21] - The net assets attributable to shareholders increased by 3.41% to CNY 7,013,897,157.51 at the end of 2024, compared to CNY 6,782,726,103.72 at the end of 2023[21] - The weighted average return on equity for 2024 was 3.35%, an improvement of 7.62 percentage points from -4.27% in 2023[21] Revenue Breakdown - The white liquor business generated revenue of 7.041 billion yuan, a year-on-year increase of 3.19%, with sales volume reaching 369,400 hectoliters and production volume at 378,800 hectoliters[50] - The slaughtering segment's revenue decreased by 29.64% to ¥1,689,576,854.99, down from ¥2,401,225,119.45 in the previous year[65] - The pork business achieved revenue of 1.891 billion yuan, a decrease of 27.21% year-on-year, with slaughtering and breeding revenues of 1.689 billion yuan and 202 million yuan respectively[60] - The total operating revenue for 2024 is ¥9,125,832,461.81, representing a decrease of 13.85% compared to ¥10,592,555,954.31 in 2023[65] Market and Industry Insights - The white liquor industry in China faced a production decline of 1.8% in 2024, indicating a challenging market environment with a focus on inventory reduction and price stabilization[30] - The pork industry saw a decrease in live pig output by 3.3% and pork production by 1.5% in 2024, indicating a shift towards quality improvement in the sector[32] - The company’s "Niulanshan" brand achieved a brand value of ¥764.67 billion, ranking high in the Chinese liquor brand value list, reflecting strong market positioning[31] Product Development and Marketing - The company launched new high-end products such as "Kuisenghao·Beijing Courtesy" to enhance its product matrix and brand elevation strategy[34] - The company aims to strengthen its market presence through innovative marketing activities and consumer engagement initiatives, particularly for its "Jinbiao" product line[34] - The marketing strategy includes leveraging new media to increase brand awareness and drive sales growth[99] Operational Efficiency and Cost Management - The main components of operating costs included raw materials at ¥1,571,678,245.10 (40.58%) and finished liquor at ¥1,763,624,878.36 (45.54%) for the reporting period[40] - Cost control measures have been implemented, leading to a reduction in raw material costs through centralized procurement[62] - The company has optimized its breeding operations, improving the health status of the pig population and increasing annual output per pig[62] Corporate Governance and Management - The company is committed to maintaining high levels of corporate governance with active participation from independent directors[112] - The board of directors includes members with significant experience in the food and beverage industry, enhancing operational expertise[112] - The total remuneration for directors, supervisors, and senior management amounted to 9.023 million yuan[117] Environmental Responsibility - The company invested a total of 5.9699 million yuan in environmental governance and protection for 2024, with an environmental protection tax payment of 170,600 yuan[143] - The company has established an emergency response plan for environmental protection incidents, with a command team led by the general manager[141] - Monthly monitoring of wastewater and air emissions is conducted, with results published on the ecological environment bureau's website[142] Shareholder Engagement - The annual shareholders meeting had an investor participation rate of 46.57% on April 20, 2024[108] - The first extraordinary shareholders meeting in 2024 had an investor participation rate of 45.61% on April 16, 2024[108] - The company reported a cash dividend of 1.50 CNY per 10 shares, totaling 111,265,048.35 CNY, which represents 100% of the distributable profit[131] Risk Management - The company acknowledges potential risks in its future plans and development strategies, urging investors to maintain adequate risk awareness[5] - The fluctuation of pig prices poses a risk to both the breeding and slaughtering segments of the pork industry[101] - The company faces systemic risks from external environmental changes and industry policy adjustments in the liquor industry[101]

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,258,299,227.75, a decrease of 19.69% compared to ¥4,056,913,966.04 in the same period last year[4] - Net profit attributable to shareholders was ¥282,349,614.41, down 37.34% from ¥450,576,815.92 year-on-year[4] - Basic earnings per share decreased to ¥0.3806, a decline of 37.34% from ¥0.6074 in the previous year[4] - The net profit for the current period is CNY 285,117,559.32, a decrease of 37% compared to CNY 451,818,054.30 in the previous period[18] - The operating profit for the current period is CNY 401,363,760.63, down from CNY 627,253,247.19, reflecting a decline of approximately 36%[18] - The total revenue from operating activities is CNY 2,020,525,079.44, compared to CNY 2,811,518,816.31 in the previous period, indicating a decrease of about 28%[19] - The total comprehensive income for the current period is CNY 285,117,559.32, compared to CNY 451,818,054.30 in the previous period, reflecting a decrease of 37%[19] Cash Flow and Assets - The net cash flow from operating activities was -¥703,637,339.62, representing a decrease of 58.45% compared to -¥444,071,088.79 in the same period last year[4] - The company's cash and cash equivalents decreased to CNY 6,241,862,978.36 from CNY 6,948,788,481.84, reflecting a decline of 10.1%[13] - The cash and cash equivalents at the end of the period amount to CNY 6,237,448,625.76, down from CNY 6,728,791,164.97 in the previous period[20] - Total assets at the end of Q1 2025 were ¥13,464,106,665.19, down 10.21% from ¥14,994,542,079.57 at the end of the previous year[4] - Total assets decreased to CNY 13,464,106,665.19 from CNY 14,994,542,079.57, a decline of 10.2%[15] Liabilities and Equity - Current liabilities totaled CNY 4,933,398,580.79, down 23.3% from CNY 6,450,021,962.88 in the previous period[15] - The company's total liabilities decreased to CNY 6,124,659,375.90 from CNY 7,940,212,349.60, a reduction of 22.9%[15] - The equity attributable to the parent company increased to CNY 7,296,246,771.92 from CNY 7,013,897,157.51, reflecting a growth of 4.1%[15] Inventory and Receivables - The company's inventory decreased by 36.48% to ¥145,000,000, primarily due to increased sales of liquor[6] - Inventory decreased significantly to CNY 1,456,053,456.88 from CNY 2,292,364,257.53, a reduction of 36.5%[14] - Accounts receivable increased to CNY 31,904,864.39 from CNY 20,161,639.51, representing a growth of 58.5%[13] Expenses - Sales expenses increased by 34.10% to ¥29,000,000, attributed to heightened promotional activities during the Spring Festival[8] - The company incurred sales expenses of CNY 294,122,867.17, an increase of 34% compared to CNY 219,337,139.78 in the previous period[18] - Financial expenses decreased by 140.53% to ¥2,000,000, influenced by increased interest income from deposits[8] - The company reported a financial expense of -CNY 12,517,925.25, a significant improvement from CNY 30,885,771.70 in the previous period[18] - The company's tax expenses for the current period are CNY 116,379,840.65, down from CNY 175,438,977.02 in the previous period, indicating a decrease of approximately 34%[18] Contract Liabilities - Contract liabilities decreased by 78.31% to ¥38,000,000, mainly due to the recognition of revenue from previously received payments[7]

按2025年4月7日收盘价涨跌 | 企业名称 | 收盘价 | 涨跌幅 | 年度涨幅 | | --- | --- | --- | --- | | | (元) | (按涨幅排序) | 2025年初至4月7日 | | 山西汾酒 | 216.5 | -0.76% | 19.12% | | 今世象 | 51.31 | -2.30% | 13.44% | | 一得酒业 | 56.84 | -3.37% | -13.79% | | 五粮液 | 126.78 | -3.95% | -7.77% | | #酒屋热 | 73.4 | -4.36% | -9.61% | | 贵州茅台 | 1500 | -4.39% | -1.57% | | 美盛花 | 18.42 | -4.76% | -6.02% | | 沪南老窖 | 125.56 | -5.29% | 1.39% | | 迎驾贡酒 | 51.22 | -5.60% | -5.04% | | 古井贡酒 | 164.1 | -5.94% | -4.76% | | 口子箸 | 33.86 | -7.76% | -13.71% | | 水井坊 | 45.15 | -8.32% | - ...

Investment Rating - The report maintains a "Buy" recommendation for key companies in the liquor industry, including Guizhou Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, and others [4][5]. Core Insights - The liquor industry is experiencing a transformation driven by instant retail, which is expected to reduce the survival space of traditional distributors and retail stores, leading to increased concentration [1][11]. - Consumer demand has reached a bottom, with structural upgrades being the main supporting logic for recovery, dependent on the activity level of the economy [2][3]. - The report highlights the importance of brand proximity to consumers, with increased investment in consumer-facing marketing, although short-term profit growth may be impacted [2][18]. Summary by Sections Section 1: Industry Trends - The 112th National Sugar and Wine Products Trade Fair showed a decline in traditional trading functions, with a shift towards trend forums and new product showcases [10]. - Instant retail is becoming a crucial channel for brand promotion, with significant growth in the sector, projected to exceed 2 trillion yuan by 2030 [12][15]. - The report notes that the liquor industry is seeing a reduction in supply, with a stable profit growth forecast for 2024, despite a slight decline in production [27][31]. Section 2: Company Strategies - Wuliangye is reforming its marketing system and adjusting its organizational structure to enhance direct sales and control over pricing [38][39]. - Water Well Square is focusing on a dual-brand strategy to cater to different market segments, with plans to launch high-end products priced above 800 yuan [42][43]. - Shede Liquor is implementing an employee stock incentive plan to align interests and drive performance, with ambitious growth targets set for the coming years [47][48]. Section 3: Financial Projections - The report provides financial forecasts for key companies, indicating stable revenue and profit growth for leading brands like Guizhou Moutai and Jinhuijiu, while some mid-tier brands face profitability challenges [36][37].

近日，公司收到城固县行政审批服务局核发的《登记通知书》，准予注销登 记汉中顺鑫生猪产业联盟服务有限公司。 二、注销孙公司的基本情况 证券代码：000860 证券简称：顺鑫农业 公告编号：2025-006 北京顺鑫农业股份有限公司 关于汉中顺鑫生猪产业联盟服务有限公司完成 工商注销登记的公告 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、基本情况 北京顺鑫农业股份有限公司（以下简称"公司"）于 2025 年 1 月 7 日召开 第九届董事会第十九次会议，审议通过了《关于拟注销孙公司汉中顺鑫生猪产业 联盟服务有限公司的议案》，具体情况详见公司于 2025 年 1 月 8 日披露的《北 京顺鑫农业股份有限公司关于拟注销子公司及孙公司的公告》（公告编号 2025-002）。 注册资本：500 万人民币 公司名称：汉中顺鑫生猪产业联盟服务有限公司 成立时间：2016 年 12 月 15 日 注册地址：陕西省汉中市城固县江湾 法定代表人：贾常乐 统一社会信用代码：91610722MA6YNDBE47 经营范围：发展公司与农户合作养猪并提供配套服务；生猪养殖技术引进、 ...

北京顺鑫农业股份有限公司第九届董事会第二十次会议决议公告 证券代码：000860 证券简称：顺鑫农业 公告编号：2025-005 公司拟向北京农村商业银行股份有限公司顺义支行申请人民币 30 亿元综合 授信额度，期限一年，由北京顺鑫控股集团有限公司提供连带责任保证担保。 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 事会第二十次会议通知于 2025 年 2 月 11 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 2 月 21 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。 二、董事会会议审议情况 1、审议通过了《关于公司拟向北京农村商业银行股份有限公司顺义支行申 请综合授信》的议案。 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。 北京顺鑫农业股份有限公司 第九届董事会第二十次会议决议公告 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 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders of between 19,000 million and 26,000 million yuan for 2024, compared to a loss of 29,559.81 million yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 20,000 million and 27,000 million yuan, compared to a loss of 57,023.24 million yuan in the previous year [3]. - Basic earnings per share are expected to be between 0.2561 yuan and 0.3505 yuan, recovering from a loss of 0.3985 yuan per share in the prior year [3]. Reasons for Turnaround - The main reasons for the turnaround include stable sales revenue and profit from the liquor business, significant reduction in losses from the pork business, and the exclusion of Beijing Shunxin Jiayu Real Estate Development Co., Ltd. from the consolidated financial statements [5]. Communication and Disclosure - The company has communicated with the accounting firm regarding the earnings forecast, and there are no discrepancies between the two parties [4]. - The earnings forecast is based on preliminary calculations by the company's finance department, with final figures to be disclosed in the 2024 annual report [6]. - The company emphasizes the importance of timely information disclosure and warns investors to be aware of investment risks [6].