Announcement time of this financial report: 2023-10-27 18:40:55
Shunxin Agriculture (stock code: 000860) is an enterprise mainly engaged in liquor brewing and sales, pig breeding, pig breeding, slaughter and meat processing, and real estate development. The company's main businesses include the liquor industry and pork industry. In terms of the liquor industry, the company owns two major brands, “Niulanshan” and “Ning Cheng,” and its products include several series of liquor. In the pork industry, the company is involved in everything from pig breeding to pig breeding, slaughter, and meat product processing. In addition, the company also has a real estate development business.
In terms of assets and liabilities, total assets at the end of the reporting period were $16.423 billion, down from $20.056 billion at the end of the previous year. Total liabilities were $9.639 billion, down from $13.17 billion at the end of the previous year. Net assets were $6.784 billion, down from $7.085 billion at the end of the previous year. The balance ratio was 58.69%, down from 65.02% at the end of the previous year.
In terms of profit, operating income from the beginning of the year to the end of the reporting period was $8.807 billion, down from $9.106 billion in the same period last year. Operating profit was 79.962 million yuan, down from 246 million yuan in the same period last year. Operating costs were $6.218 billion, down from $6.299 billion in the same period last year. Net profit was -295 million yuan. Compared with 11.13 million yuan in the same period last year, the company lost money.
In terms of cash flow, the total cash inflow from operating activities from the beginning of the year to the end of the reporting period was $6.944 billion, down from $9.706 billion in the same period last year. The total cash outflow from operating activities was $8.958 billion, down from $10.407 billion in the same period last year.
In summary, Shunxin Agriculture faced a number of challenges during the reporting period, including factors such as increased market competition in the liquor industry, sufficient market supply in the pork industry, and consumption recovery that fell short of expectations, which led to a decline in the company's operating income and net profit. However, while facing challenges, the company is also actively responding, including promoting marketing strategies, strengthening product development and innovation, and exploring new marketing models to enhance the market share and product quality of the liquor industry. In the pork industry, the company will continue to expand the foreign port market, improve the level of scientific research and quality assurance, optimize production processes, and improve production efficiency. For the real estate business, the company will continue to develop and sell to achieve revenue growth.
For investors, although the operating conditions of Shunxin Agriculture declined during the reporting period, the company's coping strategy and future development plans showed a positive attitude and strong strength. Investors can keep an eye on Shunxin Agriculture's business development and market trends to make more accurate investment decisions.
This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.