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]