Shunxin Agriculture (000860) Tracking Report: Industry Undergoes Deep Adjustment, Earnings Under Pressure; Inventory Reduction and Brand Refresh Progressing

On May 22, 2026, Shunxin Agriculture held its 2025 shareholders' meeting and approved nine proposals, including the 'Remuneration Management System for Directors and Senior Management' and the '2025 Annual Remuneration Plan for Company Directors and Senior Management.'

Western SecuritiesMay 31 00:00

Zheshang Securities: The liquor sector has clearly established a bottom, with earnings expected to reach a trough turning point by Q2 2026.

Top recommendations: ① Nationally operating liquor companies with clear bottoming and strong alpha, poised for improving operations in subsequent quarters; ② Regional liquor leaders showing markedly narrowing declines and a front-loaded-to-back-loaded performance trajectory for the full year; ③ Strong beta plays.

Zhitong FinanceMay 22 16:51

Shunxin Agriculture (000860): Profit Pressure Awaits Improvement

The company released its annual report for 2025 and the first quarter report for 2026. In 2025, it achieved revenue/net profit attributable to shareholders of RMB 7.22 billion/-RMB 150 million (a year-on-year decrease of 20.8%/165.9%). In Q4 2025, revenue/net profit attributable to shareholders was RMB 1.36 billion/

Huatai SecuritiesApr 29 20:36

Shunxin Agriculture reported a loss of 1.52 billion yuan in 2025, with Bai Niu Er selling 1.6 billion fewer bottles in one year.

The former leader in affordable liquor for the general public has now fully encountered a growth bottleneck. Under the dual pressures of intensifying industry competition and ongoing upgrades in consumer spending patterns, its overall development is showing signs of decline.

lanjinger.comApr 29 12:26

Shunxin Agriculture: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

Shunxin Agriculture: 2025 Annual Report

SZSIApr 29 00:00 · Announcements