Core Viewpoint - The financial performance of Shunxin Agriculture has significantly declined in the first half of 2025, primarily due to a drop in its liquor business, particularly the sales of its flagship product, Niulanshan [1][5]. Financial Performance - In the first half of 2025, Shunxin Agriculture reported revenue of 4.59 billion yuan, a year-on-year decrease of 19% [1]. - The net profit attributable to shareholders was 170 million yuan, down 59% year-on-year [1]. - In Q2 alone, revenue was 1.334 billion yuan, a decline of 18% compared to the previous year, with a net loss of 109 million yuan, which is three times larger than the loss in the same period last year [1]. Liquor Business Analysis - The liquor segment, which includes Niulanshan and Ningcheng Laojiao, generated 3.6 billion yuan in revenue, reflecting a 23% year-on-year decline [1][2]. - Sales of the 42-degree "Bai Niu Er" product fell by 33%, with production down nearly 60% and inventory surging by 652% [4]. - The new product "Jin Biao Chen Nian" did not show improvement, with sales down 5% and production down 30% [4]. Long-term Trends - Compared to five years ago, Shunxin Agriculture's liquor revenue has shrunk by 40% [5]. - The company attributes its performance decline to increased competition in the light bottle liquor market and industry-wide pressures [5]. Other Business Segments - The pork business also faced challenges, with revenue of 889 million yuan, only 60% of what it was five years ago [5]. - As of June 30, the company's contract liabilities stood at 385 million yuan, a decrease of 33.5% year-on-year [5]. Shareholder Activity - Major shareholders have reduced their stakes in Shunxin Agriculture, with notable fund managers significantly cutting their holdings [6][7]. - Northbound capital also continued to decrease its holdings, with a 30% reduction reported by the Hong Kong Central Clearing and Settlement System [7]. Market Performance - Despite a general rise in the A-share market, Shunxin Agriculture's stock price has declined by approximately 14% year-to-date, making it one of the worst performers in the liquor sector this year [8].

Core Viewpoint - The company, Shunxin Agriculture, reported a significant decline in revenue and profit for the first half of 2025, primarily due to challenges in its liquor and pork businesses, indicating a competitive and contracting market environment [1][3]. Group 1: Financial Performance - In the first half of 2025, Shunxin Agriculture achieved revenue of 4.59 billion yuan, a year-on-year decrease of 19%, and a net profit attributable to shareholders of 170 million yuan, down 59% year-on-year [1]. - For Q2 2025, the company reported revenue of 1.334 billion yuan, a decline of 18% year-on-year, and a net loss of 109 million yuan, which is three times larger than the previous year [1][3]. - The liquor business, which includes brands like Niulanshan, generated revenue of 3.6 billion yuan in the first half, down 23% year-on-year [1]. Group 2: Liquor Business Challenges - The sales volume of the 42-degree "Bai Niu Er" product fell by 33% year-on-year, with production dropping nearly 60% and inventory surging by 652% [3]. - The introduction of the new national standard for liquor did not positively impact the sales of the premium "Jin Biao Chen Nian," which saw a 5% decline in sales and a 30% drop in production [3]. - Compared to five years ago, Shunxin Agriculture's liquor revenue has shrunk by 40% [3]. Group 3: Pork Business Performance - The pork business also faced difficulties, with revenue of 889 million yuan in the first half, only 60% of the revenue from the same period five years ago [3]. Group 4: Shareholder Actions - Significant shareholders have reduced their stakes in Shunxin Agriculture, with notable fund manager Xiao Nan's E Fund Consumer Industry Fund cutting over 26.66 million shares, representing more than an 80% reduction from the previous year [3][4]. - Northbound capital also continued to decrease its holdings, with Hong Kong Central Clearing Company reducing its shares by 87,000, a 30% decrease [4].

Core Viewpoint - The financial performance of Shunxin Agriculture in the first half of 2025 shows significant declines in both revenue and net profit, primarily driven by challenges in the white liquor business and a sluggish pork segment [1][3]. Financial Performance - In the first half of 2025, Shunxin Agriculture reported revenue of 4.59 billion yuan, a year-on-year decrease of 19% [1]. - The net profit attributable to shareholders was 170 million yuan, down 59% year-on-year [1]. - For Q2 2025, revenue was 1.334 billion yuan, a decline of 18% compared to the same period last year, with a net loss of 109 million yuan, representing a threefold increase in losses year-on-year [1]. White Liquor Business - The white liquor segment, which includes brands like Niulanshan and Ningcheng Laojiao, generated revenue of 3.6 billion yuan in the first half of 2025, down 23% year-on-year [3]. - Sales of the 42-degree "Bai Niu Er" product fell by 33%, with production dropping nearly 60% and inventory surging by 652% [3]. - Compared to five years ago, the revenue from the white liquor business has shrunk by 40% [3]. Pork Business - The pork business also faced challenges, with revenue of 889 million yuan in the first half of 2025, only 60% of the revenue from the same period five years ago [3]. Shareholder Actions - Major funds have reduced their holdings in Shunxin Agriculture, with notable reductions including a decrease of over 26.66 million shares by the E Fund Consumer Industry Fund, representing more than an 80% reduction from the previous year [4]. - Northbound capital also continued to reduce its stake, with the Hong Kong Central Clearing and Settlement System cutting 870,000 shares, a 30% decrease [6]. Market Performance - Despite a general rise in the A-share market, Shunxin Agriculture's stock price has declined by approximately 14% year-to-date, making it one of the worst performers in the white liquor sector [6].

公司最新资产负债率为45.22%，在已披露的同业公司中排名第16，较上季度资产负债率减少0.27个百分 点，较去年同期资产负债率减少1.18个百分点。 公司最新毛利率为34.36%，在已披露的同业公司中排名第18，较上季度毛利率减少2.45个百分点，较去 年同期毛利率减少1.90个百分点。最新ROE为2.44%，在已披露的同业公司中排名第12，较去年同期 ROE减少3.42个百分点。 公司营业总收入为45.93亿元，在已披露的同业公司中排名第6，较去年同报告期营业总收入减少10.94亿 元，同比较去年同期下降19.24%。归母净利润为1.73亿元，在已披露的同业公司中排名第11，较去年同 报告期归母净利润减少2.50亿元，同比较去年同期下降59.09%。经营活动现金净流入为-9.51亿元，在已 披露的同业公司中排名第18，较去年同报告期经营活动现金净流入增加6694.91万元，实现2年连续上 涨。 公司摊薄每股收益为0.23元，在已披露的同业公司中排名第12，较去年同报告期摊薄每股收益减少0.34 元，同比较去年同期下降59.08%。 2025年8月29日，顺鑫农业(000860.SZ)发布2025年中报。 ...

文丨酒食汇团队 8月26日，聚力谋发展·攻坚干动销暨牛栏山多彩20上市发布会在安徽共创远景大厦举办，共创远景董事长司圣国，共创远景常务副总裁朱涛、副总裁兼牛 栏山清香事业部总经理刘文源，以及来自全省的70余位核心合作伙伴和销售精英出席。 成立一周年，牛酒清香事业部成绩斐然 2024年，光瓶酒市场规模已达1500亿元，从下沉市场的"生存刚需"到一线城市的"轻奢口粮"，这场持续十年的增长奇迹，驱动了白酒品质与场景升级，也 折射出中国消费市场最真实的底层逻辑。 根据中国酒业协会发布的《2024中国白酒市场中期研究报告》、《2025中国白酒市场中期研究报告》数据也显示，光瓶酒为主导的"100元以下价格带是上 半年白酒市场动销最好的价格带之一。" 部 牛栏山 l ab 举 扫码中大奖 為吹过的大半 起 l 与众不同 瓶瓶有奖 参众还同 多彩设计 0 ptich B 6 4:20 19 Bach @ B B B 与众不同 酒体更菜 l BIL 20 BE BE MIL 2 BI BI UN 2 RE Posted on III III Susse III II Band Archives IIIII Simment 作为 ...

Core Viewpoint - Shunxin Agriculture reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to poor performance in its liquor and pork businesses [1] Group 1: Financial Performance - The company achieved a revenue of 4.593 billion yuan, a year-on-year decrease of 19.24% [1] - The net profit attributable to shareholders was approximately 173 million yuan, down 59.09% compared to the previous year [1] Group 2: Business Segment Performance - The liquor business, which contributed nearly 80% of the company's revenue, generated 3.606 billion yuan, reflecting a substantial decline of 23.25% year-on-year [1] - All categories of liquor, including high-end, mid-range, and low-end, experienced revenue declines of 12.32%, 21.87%, and 25.41% respectively, with corresponding gross profit margins also decreasing [1] - The pork business, primarily consisting of slaughtering and breeding, reported revenue of 782 million yuan, a slight decline of 0.49%, with a gross profit margin plummeting to just 0.01% [2] Group 3: Market Performance - Sales and production of five out of six major liquor products declined year-on-year, indicating a lack of competitive strength in the market [2] - Revenue from both Beijing and external markets fell, with declines of 12.97% and 21.69% respectively [2]

Core Viewpoint - Shunxin Agriculture reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to poor performance in its liquor and pork businesses [1] Group 1: Financial Performance - The company achieved a revenue of 4.593 billion yuan, a year-on-year decrease of 19.24% [1] - The net profit attributable to shareholders was approximately 173 million yuan, down 59.09% compared to the previous year [1] Group 2: Liquor Business - The liquor segment contributed nearly 80% of the company's revenue, generating 3.606 billion yuan, which represents a substantial decline of 23.25% year-on-year [1] - All categories of liquor, including high-end, mid-range, and low-end, experienced revenue declines of 12.32%, 21.87%, and 25.41% respectively [1] - Gross margins for high-end, mid-range, and low-end liquor also fell to 69.32%, 42.12%, and 36.91% respectively [1] Group 3: Pork Business - The pork business, primarily consisting of slaughtering and breeding, generated revenue of 782 million yuan, a slight decline of 0.49% year-on-year [2] - The gross margin for the pork business plummeted to just 0.01% [2] Group 4: Regional Performance - Revenue in both Beijing and other regions saw declines, with decreases of 12.97% and 21.69% respectively [2]

Group 1 - The company, Shunxin Agriculture, announced the convening of its 22nd meeting of the 9th Board of Directors on August 28, 2025, to review documents including an application for comprehensive credit from China Postal Savings Bank [1] - For the first half of 2025, Shunxin Agriculture's revenue composition was as follows: 78.51% from the liquor industry, 17.02% from the meat processing industry, and 4.47% from other sectors [1]

智通财经APP讯，顺鑫农业(000860.SZ)发布2025年半年度报告，报告期内，公司实现营业收入45.93亿 元，同比下降19.24%。实现归属于上市公司股东的净利润1.73亿元，同比下降59.09%。实现归属于上市 公司股东的扣除非经常性损益的净利润1.77亿元，同比下降57.95%。基本每股收益0.2331元。 ...

Core Viewpoint - Shunxin Agriculture (000860.SZ) reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved operating revenue of 4.593 billion yuan, a year-on-year decrease of 19.24% [1] - The net profit attributable to shareholders was 173 million yuan, down 59.09% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 177 million yuan, reflecting a decline of 57.95% year-on-year [1] - Basic earnings per share were reported at 0.2331 yuan [1]