北京顺鑫农业股份有限公司2025年第三季度报告

Core Viewpoint - The company, Shunxin Agriculture, has released its third-quarter financial report for 2025, highlighting significant changes in various financial metrics and the assurance of the accuracy and completeness of the report by the board and management [2][11]. Financial Data Summary - As of September 30, 2025, accounts receivable increased by 22.72 million yuan, a growth of 112.71%, primarily due to an increase in customer payments [4]. - Inventory decreased by 843.57 million yuan, a decline of 36.80%, mainly attributed to sales of liquor [5]. - Construction in progress increased by 51.65 million yuan, a growth of 109.31%, primarily due to the expansion of pig farm construction [5]. - Right-of-use assets decreased by 17.09 million yuan, a decline of 50.00%, mainly due to the scheduled depreciation of right-of-use assets [5]. - Long-term prepaid expenses decreased by 3.02 million yuan, a decline of 55.00%, primarily due to the amortization of advertising endorsement fees [5]. - Deferred tax assets decreased by 9.40 million yuan, a decline of 32.14%, mainly due to the realization of previously recognized deferred tax assets [5]. - Other non-current assets decreased by 6.43 million yuan, a decline of 100.00%, primarily due to the transfer of previously recognized prepaid engineering fees to construction in progress [5]. - Accounts payable decreased by 489.70 million yuan, a decline of 51.98%, mainly due to payments made to customers [5]. - Contract liabilities decreased by 1.32 billion yuan, a decline of 74.83%, primarily due to the completion of contract performance and the recognition of previously received payments as revenue [6]. - Employee compensation payable decreased by 52.42 million yuan, a decline of 53.81%, mainly due to the payment of bonuses accrued in the previous year [6]. - Tax payable decreased by 71.87 million yuan, a decline of 48.31%, mainly due to the payment of taxes accrued at the end of the previous year [6]. - Long-term borrowings decreased by 888.73 million yuan, a decline of 62.46%, primarily due to early repayment and reclassification of long-term borrowings to current liabilities [6]. - Financial expenses for the period from January to September 2025 decreased by 63.26 million yuan, a decline of 1313.42%, mainly due to increased interest income [7]. - Income tax expenses for the period from January to September 2025 decreased by 98.21 million yuan, a decline of 40.10%, mainly due to reduced profits in the liquor segment [7]. Corporate Governance - The board of directors and the supervisory board confirmed the authenticity and completeness of the quarterly report, taking legal responsibility for its accuracy [2][11]. - The third-quarter financial report was not audited [3][10].