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 0.84% on October 29, with Jinshiyuan leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - Key stocks in the liquor sector showed mixed performance, with notable declines in several major companies: - Jinshiyuan (603369) closed at 38.04, down 1.65% with a trading volume of 106,400 shares and a turnover of 406 million yuan [2] - Wuliangye (000858) closed at 118.83, down 1.06% with a trading volume of 245,100 shares and a turnover of 2.911 billion yuan [2] - Moutai (600519) closed at 1431.90, down 0.91% with a trading volume of 33,900 shares and a turnover of 4.869 billion yuan [2] Capital Flow Analysis - The liquor sector saw a net outflow of 1.997 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.006 billion yuan [2][3] - Specific stocks experienced varying levels of capital flow: - Huangtai Liquor (000995) had a net outflow of 1.201 million yuan from institutional investors [3] - Water Well (600779) saw a net inflow of 663,520 yuan from retail investors despite a net outflow from institutional investors [3] - Gujing Gongjiu (000596) experienced a significant net outflow of 16.55 million yuan from institutional investors but a net inflow of 60.40 million yuan from retail investors [3]

Core Insights - The expansion of graduate enrollment in China's top universities (985 universities) reflects a significant trend in higher education, with graduate admissions surpassing undergraduate numbers in many institutions [1][4][6] - The gender ratio among new students at different educational levels shows a "V" shape, with a predominance of male students in undergraduate programs, a more balanced ratio in master's programs, and a return to a male-dominated ratio in doctoral programs [1][12][17] Group 1: Enrollment Trends - From 2019 to 2025, the majority of 985 universities have seen graduate enrollment (master's + doctoral) exceed undergraduate enrollment, with some universities like Fudan University and Shanghai Jiao Tong University showing a nearly threefold difference [4][6] - The national average growth rates for undergraduate, master's, and doctoral enrollments are approximately 2%, 5%, and 10% respectively, indicating a faster expansion at higher educational levels [3] - In 2023, the total number of undergraduate enrollments was 4.782 million, while graduate enrollments reached 1.302 million, highlighting a significant disparity in enrollment numbers [10] Group 2: Gender Ratio Dynamics - The gender ratio among undergraduate students in 985 universities remains skewed towards males, particularly in engineering and technology fields, where male students often outnumber female students by a ratio of 2:1 or more [12][17] - In contrast, the gender ratio for master's students shows a higher proportion of females compared to their undergraduate counterparts, indicating a shift in enrollment patterns at the graduate level [14] - The doctoral level again reflects a male-dominated trend, with many universities reporting a significant male majority among new doctoral students [17] Group 3: Policy and Future Outlook - The Chinese government is pushing for an increase in graduate enrollment as part of its educational reforms, with policies aimed at expanding the scale of quality undergraduate and graduate education [8] - Experts caution that without corresponding increases in educational resources, such as faculty and facilities, the quality of education may decline, potentially impacting graduates' competitiveness in the job market [9][11] - The trend of expanding graduate programs may lead to an oversupply of academic talent, with many graduates potentially finding themselves in jobs that do not require advanced degrees [11]

Core Insights - The liquor sector experienced a decline of 0.39% on October 27, with *ST Rock leading the drop [1][2] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Liquor Sector Performance - The following companies showed varying performance in the liquor sector: - Jiu Gui Jiu (000799) closed at 61.92, up 1.47% with a trading volume of 105,900 shares and a turnover of 655 million yuan [1] - Yanghe Brewery (002304) closed at 69.77, up 0.79% with a trading volume of 33,900 shares and a turnover of 236 million yuan [1] - Shunxin Agriculture (000860) closed at 15.68, up 0.64% with a trading volume of 60,500 shares and a turnover of 94.61 million yuan [1] - *ST Rock (600696) closed at 5.59, down 1.93% with a trading volume of 46,300 shares and a turnover of 26.12 million yuan [2] - Moutai (600519) closed at 1440.41, down 0.66% with a trading volume of 37,100 shares and a turnover of 5.353 billion yuan [2] Capital Flow Analysis - The liquor sector saw a net outflow of 465 million yuan from institutional investors, while retail investors contributed a net inflow of 299 million yuan [2][3] - The following companies had notable capital flows: - Jiu Gui Jiu had a net inflow of 20.62 million yuan from institutional investors, while retail investors contributed a net inflow of 554.54 thousand yuan [3] - *ST Rock experienced a significant net outflow of 552.69 million yuan from institutional investors, but a net inflow of 663.88 thousand yuan from retail investors [3]

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 22nd China International Agricultural Products Trade Fair has opened in Tianjin, showcasing over 800 agricultural products from more than 100 enterprises in Beijing, aimed at enhancing the "Beijing Excellent Agriculture" brand's national recognition and influence [1][4] - The event's theme is "Strengthening Brands to Revitalize and Boost Consumption," covering a total area of 100,000 square meters, with the Beijing exhibition area spanning over 1,200 square meters [1][2] - During the fair, the Beijing exhibition group achieved over 6 million yuan in on-site sales and over 300 million yuan in intended transactions [1] Group 1: Exhibition Overview - The Beijing exhibition area is a key part of the "Beijing-Tianjin-Hebei Pavilion," focusing on green and low-carbon initiatives, featuring a comprehensive exhibition area and three specialized exhibition areas [2] - The exhibition integrates elements of Beijing's regional characteristics, designed to reflect the capital's historical and cultural heritage [1][2] Group 2: Agricultural Innovations - The seed industry exhibition area highlights Beijing's role as a "Seed Industry Capital," showcasing six representative enterprises and their core competencies in seed cultivation and results transformation [3] - The smart agriculture exhibition area presents advanced technologies, including a model developed by the Beijing Academy of Agriculture and Forestry Sciences for comprehensive agricultural services [3] - The brand agriculture exhibition area features nearly 100 outstanding agricultural enterprises, with over 50 representing the "Beijing Excellent Agriculture" brand, displaying a diverse range of high-quality products [3] Group 3: Future Goals - The Beijing exhibition group aims to continue promoting high-quality agricultural products nationwide, contributing to the construction of a strong agricultural nation and enhancing rural revitalization efforts [4]

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]

Core Viewpoint - The 2025 National Rational Drinking Promotion Week was launched in Wuhan, emphasizing the theme "Caring for Growth, No Drinking for Minors," highlighting the importance of responsible drinking and ESG (Environmental, Social, and Governance) principles in the Chinese liquor industry [1][9][12]. Group 1: Event Overview - The event was organized by the China Alcoholic Drinks Association, with participation from various industry leaders and government officials, showcasing a collaborative effort to promote responsible drinking [1][3][4]. - The launch included the release of the "2025 China Prevention of Underage Drinking Green Book," which emphasizes a multi-faceted approach involving families, schools, society, liquor companies, and government [32][33]. Group 2: Key Messages from Leaders - Yang Xiangwei, Deputy Director, highlighted Wuhan's potential as a consumer city and the importance of promoting the "No Drinking for Minors" concept [7]. - Song Shuyu, Chairman of the China Alcoholic Drinks Association, reflected on the achievements of the Rational Drinking Promotion Week over the past decade and stressed the significance of ESG in the industry's sustainable development [9][21]. - Zhao Chunwu, Chairman of China Resources Beer, emphasized the role of ESG in driving high-quality development within the industry [12]. Group 3: ESG Initiatives - The first "China Alcohol Industry ESG Development Index Report" was released, detailing the industry's social responsibility and ESG practices for 2024 [22][25]. - A vertical ESG rating platform for the liquor industry was established, incorporating AI technology to assess 155 industry indicators [25]. - The 2024 ESG list highlighted outstanding cases in environmental governance, social welfare, and corporate governance within the industry [28][26]. Group 4: Public Engagement and Outreach - The promotion week aims to reach a broader audience, with last year's activities impacting 500 million people [33]. - Various promotional plans were initiated to further spread the message of rational drinking, including the "5X Promotion Plan" and the "Fengming Plan" [33]. - A public-themed microfilm titled "Heaven and Earth Apart" was released, aligning with the year's theme and showcasing the importance of responsible drinking [38].

Core Points - The article reports on food safety inspections conducted by the Jiaxing Market Supervision Administration, revealing that out of 164 samples tested, 156 passed while 8 were found to be non-compliant with national food safety standards [3][4][6]. Group 1: Inspection Results - A total of 164 samples from 23 categories, including biscuits, tea, nuts, and various food products, were tested [3]. - 156 samples were compliant with food safety standards, while 8 samples were deemed non-compliant [3][4]. Group 2: Non-Compliant Products - Specific non-compliant products include: - Ginger from Baimeishun Supermarket, with a pesticide residue of 0.24 mg/kg, exceeding the standard of 0.2 mg/kg [5][6]. - Sweet potatoes from Baimeishun Supermarket, with pesticide residues of chlorpyrifos and high-efficiency chlorpyrifos exceeding the standard [6]. - Lychee from Guoyuan Fruit Store, with a residue of 0.16 mg/kg of pyraclostrobin, exceeding the standard of 0.1 mg/kg [6]. - Additional non-compliant products include ginger, potatoes, and fish from various local stores, all exceeding permissible pesticide residue levels [6].