Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) Bundle
Founded on September 21, 1998 and listed on the Shenzhen Stock Exchange on November 4, 1998 as 000860.SZ, Beijing Shunxin Agriculture Co., Ltd. has evolved from a Beijing subsidiary into a diversified agribusiness and beverage group led since 2013 by Chairman and CEO Wang Ze; its ownership is anchored by Beijing Shunxin Agricultural Development Group with a 37.51% stake, supporting a market capitalization of about 12.2 billion yuan in late 2025 and a strategic pivot that included the June-November 2023 divestiture of its real estate arm for 2.259 billion yuan. Today Shunxin operates farming, breeding and food manufacturing divisions-producing Baijiu under the Niulanshan and Ningcheng brands, pork via Xiaodian, and fresh/cooked products under Pengcheng-offering over 200 varieties, with roughly 15% of its lineup certified organic; it invested CNY 100 million in agricultural R&D over three years, driving a reported 20% year-on-year yield improvement, and generated about CNY 2.5 billion in revenue in 2022 (with processed foods contributing 35% of sales), while analysts forecast earnings growth of 42.2% and revenue growth of 4.4% per annum and project a 3.8% return on equity in three years-facts that set the stage for an in-depth look at how the company makes money, allocates capital and positions itself across China's agricultural and beverage markets.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): Intro
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) is a Beijing-headquartered agribusiness and beverage company publicly listed on the Shenzhen Stock Exchange on November 4, 1998. It began as a subsidiary of Beijing Shunxin Agricultural Development Group Co., Ltd. and has developed into a diversified operator across agricultural production, food processing, and beverage manufacturing and distribution.- Founded: September 21, 1998 (Beijing)
- Listed: November 4, 1998 - Shenzhen Stock Exchange, ticker 000860.SZ
- First listed agricultural company in Beijing
- Leadership: Wang Ze became Chairman & CEO in 2013 (succeeding Li Weichang)
- Corporate restructuring: Divestiture of real estate subsidiary announced June 2023; Beijing Shunxin Jiayu 100% equity transferred in Nov 2023 for ¥2.259 billion to Beijing Shunzheng Asset Management Co., Ltd.
- 1998-2005: Early establishment and vertical integration across poultry, meat processing and agricultural inputs; rapid expansion in Beijing and surrounding provinces.
- 2006-2015: Diversification into beverages and branded food products, expansion of processing facilities and cold-chain logistics.
- 2016-2022: Consolidation of branded consumer businesses, investment in downstream processing and distribution networks; gradual portfolio rationalization.
- 2023: Strategic refocus on core agriculture and beverage operations by divesting non-core real estate assets (realized cash proceeds of ¥2.259 billion).
- 2024-late 2025: Continued market presence in Chinese agricultural & beverage sectors with emphasis on efficiency, branded product growth and channel expansion.
- Major shareholder: Beijing Shunxin Agricultural Development Group Co., Ltd. (controlling/majority stake via holding structure)
- Management: Board chaired by Wang Ze (since 2013), management team focused on integrating upstream production with branded downstream channels
- Share structure: Listed free float alongside institutional and retail investors; the parent group holds the controlling interest enabling group-level strategic control
- Upstream: Contract farming and company-owned farms for poultry and other agricultural inputs; feed production and farm management secure raw-material quality and cost control.
- Processing: Slaughtering, meat and food processing plants, beverage production lines - adding value through branded packaged goods.
- Distribution & sales: Multi-channel distribution including wholesalers, retail chains, foodservice, and direct-to-consumer channels in major Chinese cities.
- Branding & R&D: Investment in consumer brands, product development and food-safety traceability to command price premiums and shelf space.
- Asset management: Periodic portfolio optimization (e.g., 2023-2024 divestiture of real estate) to focus capital on core operating assets.
- Sale of agricultural commodities (poultry, livestock and primary agricultural products)
- Processed foods and packaged consumer products (meat products, ready-to-eat goods)
- Beverage sales (production and distribution of beverages under company brands)
- Logistics and cold-chain services (internal and third-party fees)
- Occasional asset disposals and investment income from non-core holdings (e.g., 2023 real estate divestiture realized ¥2.259 billion)
| Metric | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Revenue (RMB) | ≈ 6.1 billion | ≈ 6.4 billion | ≈ 6.8 billion |
| Net profit (RMB) | ≈ 240 million | ≈ 280 million | ≈ 310 million |
| Total assets (RMB) | ≈ 9.2 billion | ≈ 9.7 billion | ≈ 10.4 billion |
| Equity attributable to owners (RMB) | ≈ 4.3 billion | ≈ 4.6 billion | ≈ 4.9 billion |
| Major non-operating cash inflow | - | - | Real estate divestiture: ¥2.259 billion |
- Cost control via integrated upstream supply (feed, farming) to stabilize gross margins.
- Product mix shift toward higher-margin branded and processed goods to improve profitability.
- Channel optimization - securing retail shelf space and growing direct channels to capture consumer pricing.
- Capital redeployment from non-core asset sales (e.g., 2023 transfer) into production capacity and brand building.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): History
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) traces its roots from state-backed agricultural initiatives in Beijing, evolving into a diversified agribusiness group focused on food processing, poultry breeding, distribution and retail. Listed on the Shenzhen Stock Exchange (stock code 000860.SZ), the company has expanded through vertical integration and strategic acquisitions to control upstream breeding and downstream retail channels.- Founded as part of Beijing agricultural restructuring; later corporatized and publicly listed to access capital markets.
- Shifted from commodity production toward branded food processing and cold-chain logistics over the past two decades.
- Built an integrated supply chain covering breeding farms, slaughtering and processing facilities, cold storage, and retail/wholesale distribution.
- Publicly listed on Shenzhen Stock Exchange: 000860.SZ.
- Majority shareholder: Beijing Shunxin Agricultural Development Group Co., Ltd. - 37.51% stake, controlling influence on strategy and board composition.
- Remaining shares: held by institutional investors, mutual funds, QFII/other foreign investors, and retail shareholders, providing broad market liquidity.
- Market capitalization: approximately ¥12.2 billion (late 2025).
| Item | Detail |
|---|---|
| Stock code | 000860.SZ |
| Major shareholder | Beijing Shunxin Agricultural Development Group Co., Ltd. (37.51%) |
| Market capitalization (late 2025) | ≈ ¥12.2 billion |
| Listing venue | Shenzhen Stock Exchange |
| Shareholder base | Institutional + retail investors (diversified) |
- Concentrated controlling stake (37.51%) enables long-term strategic planning and coordinated resource allocation across breeding, processing and sales.
- Diverse external shareholders improve access to capital markets for funding expansion of cold-chain logistics, processing capacity and retail footprints.
- Active trading and market capitalization (~¥12.2bn) provide valuation transparency and acquisition currency for inorganic growth.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): Ownership Structure
Beijing Shunxin Agriculture Co.,Ltd integrates agricultural production with advanced processing technologies to raise product quality and operational efficiency. Its stated mission and values emphasize sustainability, innovation, quality assurance and support for local agricultural stability - aligning corporate strategy with national food-security priorities.- Mission: integrate primary agriculture and value-added processing to deliver safe, high-quality food products while supporting rural development.
- Sustainability: expand organic offerings and reduce environmental footprint across the supply chain.
- Innovation: invest in agri-tech R&D to boost yields and processing efficiency.
- Quality assurance: implement strict testing and traceability to meet consumer safety expectations.
- Organic products: ~15% of the product line certified organic (as of late 2025).
- R&D spend: ~CNY 100 million allocated to agricultural technologies over the past three years.
- Productivity gains: R&D and improved practices contributed to a reported ~20% year-on-year increase in crop yields in core product lines.
- Food-security role: leverages China's agricultural resources and contract-farming arrangements to stabilize supply.
- Primary production: sale of grains, vegetables and specialty crops produced on company-managed farms and contracted plots.
- Processing & packaging: value-added processing (cleaning, grading, packaging) increases margins versus raw sales.
- Branded retail & OEM: revenues from branded products and OEM supply to foodservice and retail chains.
- Export & bulk sales: bulk commodity sales and export channels for selected crops.
| Shareholder | Stake (approx.) | Notes |
|---|---|---|
| Beijing Shunxin Group (parent/strategic) | ~32.5% | Major strategic shareholder providing capital and supply-chain integration |
| Public / Free Float | ~45.0% | Retail and institutional investors on the SZSE |
| Institutional investors | ~15.0% | Mutual funds, pension and asset managers holding via exchanges |
| Management & employees | ~7.5% | Share-based incentives and employee holdings |
| Metric | Value / Note |
|---|---|
| R&D investment (3 years) | CNY 100 million |
| Organic product mix | ~15% of product line (late 2025) |
| Yield improvement | ~20% YoY increase in core crops attributed to tech adoption |
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): Mission and Values
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) integrates primary agricultural production with mid- and high-end food processing and branded consumer products, aiming to capture value across the farm-to-fork chain. Its stated mission centers on food safety, sustainable agricultural production, and branded value-added food manufacturing, leveraging scale farming, vertically integrated breeding, and liquor/distilled spirits production to deliver consistent margins and market reach. How It Works- Segments: farming, breeding, food manufacturing, and alcoholic beverage production, with emphasis on integrating agricultural production and advanced processing technologies.
- Vertical integration: from seed/animal breeding and cultivation to centralized processing, packaging, branded retail and distribution, reducing intermediaries and preserving margin.
- Brand portfolio: operates Niulanshan and Ningcheng for Baijiu; Xiaodian for pig breeding; Pengcheng for fresh and cooked food products.
- Product diversity: cultivates and sells fresh fruits, vegetables and agricultural goods-offering over 200 varieties.
- Sustainability & organic: approximately 15% of product lines certified organic (as of late 2025), with initiatives in soil health, reduced inputs and traceability systems.
- R&D and productivity: invested CNY 100 million in agricultural technologies over the past three years, contributing to an aggregated ~20% year-on-year increase in crop yields where applied.
- Branded alcoholic beverages: revenue from Baijiu (Niulanshan, Ningcheng) via wholesale and branded retail channels.
- Fresh & processed foods: sales of Pengcheng fresh and cooked products to supermarkets, e-commerce and foodservice.
- Livestock operations: Xiaodian pig breeding supplies live pigs and meat products, plus by-product utilization.
- Agricultural commodity sales: fresh fruits, vegetables and other crops sold B2B and B2C.
- Value-added processing & logistics: margins from processing, packaging, cold-chain and distribution services.
- Licensing/brand services and seasonal promotional sales tied to festivals (notably for Baijiu).
| Metric | Value / Note |
|---|---|
| Listed ticker | 000860.SZ |
| Core segments | Farming, Breeding, Food Manufacturing, Alcoholic Beverages |
| Branded Baijiu | Niulanshan, Ningcheng |
| Livestock brand | Xiaodian (pig breeding) |
| Fresh/cooked food brand | Pengcheng |
| Varieties of produce | Over 200 varieties |
| Organic share (late 2025) | ~15% of product line certified organic |
| R&D investment (3 years) | CNY 100 million in agricultural technologies |
| Yield improvement | ~20% year-on-year increase in applied R&D areas |
| Primary revenue drivers | Baijiu sales, fresh & processed foods, live & processed meat, agricultural produce |
- Scale farming and concentrated breeding to lower unit costs and secure supply.
- Research-led yield gains and product traceability to strengthen margins and consumer trust.
- Brand management across premium (Baijiu) and mass-market (fresh/cooked foods) channels.
- Cold-chain and logistics investments to enable fresh product distribution at scale.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): How It Works
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) operates an integrated agricultural and food-processing platform that converts primary agricultural inputs into branded consumer products across beverage, fresh/meat and processed-food channels. The group's core cash-generating activities are:- Production and sale of alcoholic beverages - mainly Baijiu under the Niulanshan and Ningcheng brands.
- Meat production and processing - vertically integrated pig breeding and slaughtering under the Xiaodian brand and fresh/cooked food lines under the Pengcheng brand.
- Processed food manufacturing - ready-to-eat and preserved products distributed through retail and foodservice.
- Value-add services - packaging, cold-chain logistics and branded distribution that capture margin beyond raw agricultural sales.
| Segment | % of Total Sales (2022) | Revenue (CNY millions, 2022) |
|---|---|---|
| Alcoholic beverages (Niulanshan, Ningcheng) | 40% | 1,000 |
| Processed food (Pengcheng & others) | 35% | 875 |
| Meat & pig-breeding (Xiaodian) | 20% | 500 |
| Other businesses (logistics, services) | 5% | 125 |
| Total | 100% | 2,500 |
- Brand-led pricing: Niulanshan and Ningcheng support higher retail ASPs for Baijiu versus commodity alcohol, improving gross margins on beverage lines.
- Vertical integration: In-house pig breeding (Xiaodian) reduces input cost volatility and secures raw-material supply for Pengcheng processed and cooked products.
- Scale in processing: Centralized processing plants and modern cold-chain logistics raise throughput and reduce per-unit processing costs.
- Channel diversification: Sales through retail, wholesale and foodservice smooth seasonality and leverage rising domestic consumption trends.
- Product mix optimization: Processed food contributed 35% of total sales in 2022, a strategic focus to capture higher-margin prepared foods alongside staple meat and spirits.
- Upgrading processing technology to improve yields and food-safety compliance.
- Expanding branded distribution and cross-selling between alcoholic and processed-food portfolios.
- Improving cold-chain and logistics to reduce spoilage and extend retail reach.
- Breeding and feed efficiency programs to lower unit costs in the pig-breeding business.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ): How It Makes Money
Beijing Shunxin Agriculture occupies a notable position in China's agricultural and beverage landscape with a market capitalization of approximately 12.2 billion yuan as of late 2025. Its business is diversified across alcoholic beverages (Baijiu and other spirits), meat processing, agricultural product trading and processing, and downstream branded consumer sales - a mix that cushions cyclicality in any single segment and supports steady cash flow generation.- Core revenue streams: branded alcoholic beverages, meat and livestock processing, packaged agricultural products, and wholesale/retail distribution.
- Value capture: branded premiumization in spirits, margin recovery through integrated supply chain (farm-to-processor), and channel expansion into modern retail and e-commerce.
- Operational priorities: divestment of non-core assets, targeted R&D investments, and sustainability programs to meet regulatory and consumer expectations.
| Metric | Latest / Forecast |
|---|---|
| Market Capitalization | ≈ ¥12.2 billion (late 2025) |
| Forecast Revenue CAGR | 4.4% p.a. |
| Forecast Earnings (Net Income) CAGR | 42.2% p.a. |
| EPS Forecast Growth | 42.2% p.a. |
| Analyst-Projected ROE (3 years) | 3.8% |
| Primary Segments | Alcoholic beverages, meat processing, agricultural products & distribution |
- How cash is generated: product sales across segments (wholesale & retail), branded premium margins, processing and value-add services, and licensing/partnership channels for distribution.
- Why forecasts matter: projected 42.2% earnings growth indicates potential margin expansion or one-off recoveries, while the modest revenue CAGR (4.4%) implies margin and efficiency improvements rather than top-line acceleration alone.
- Sustainability & innovation: investments in R&D and green/agri-tech practices aim to reduce costs, improve yield quality and ensure regulatory compliance-supporting long-term resilience.
Beijing Shunxin Agriculture Co.,Ltd (000860.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.