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Beijing SOE holding company best known for the mass-market Niulanshan baijiu brand, plus pork processing and property.
Beijing SOE holding company best known for the mass-market Niulanshan baijiu brand, plus pork processing and property.
Sells Niulanshan baijiu, a Chinese grain spirit, mostly through distributors; that line brings most of the profit, while pork processing adds sales at thin margins and property is a side business. It is state-owned, and its price positioning is mass-market rather than premium.
Moat: narrow (brand, distribution). Niulanshan is one of China's best-selling low-price baijiu brands with deep nationwide distribution.
Headquarters: Beijing, China · Employees: 3,580
Size Beijing Shunxin Agriculture (000860.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.36B, the 1785th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.21 on 6 Nov 2026.
Performance Over six months the shares fell 3.9%, against -11.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 19.5% over the last twelve months (peer median +1.4%); the operating margin is -5.0% (peer median 4.0%).
Valuation It trades at 1.3× enterprise value to sales against a peer median of 1.9× (9th cheapest of 21).
Capital Return on invested capital runs 9.2 points below its cost of capital (8.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.18B | CN¥6.48B | CN¥8.17B | CN¥9.55B | CN¥10.4B |
| Revenue growth | — | -21% | -14% | -8% | — |
| Gross profit | CN¥1.94B | CN¥1.39B | CN¥2.12B | CN¥2.14B | CN¥2.26B |
| EBITDA | n/a | CN¥294M | CN¥941M | CN¥353M | CN¥94.3M |
| Net income | -CN¥424M | -CN¥152M | CN¥231M | -CN¥296M | -CN¥673M |
| Free cash flow | -CN¥112M | -CN¥356M | CN¥42.0M | -CN¥879M | CN¥1.31B |
| Capital expenditure | CN¥58.7M | CN¥83.6M | CN¥73.1M | CN¥153M | CN¥144M |
| Total debt | CN¥4.78B | CN¥4.67B | CN¥4.63B | CN¥4.86B | CN¥6.73B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Beijing Shunxin Agriculture 000860.SZ | $1.36B | -4% | -20% | -5% | 1.3× | n/a |
| Kweichow Moutai 600519.SS | $272B | +5% | -4% | 65% | 10.2× | 0.7% |
| Anhui Kouzi Distillery 603589.SS | $1.65B | -22% | -19% | 13% | 3.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000860.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.5% | -5.5% | highest of 21 |
| 6-month return | -3.9% | -11.8% | 7th highest of 20 |
| Distance from 52-week high | -24.4% | -26.4% | 10th highest of 21 |
| Revenue growth (TTM) | -19.5% | +1.4% | 3rd lowest of 21 |
| Operating margin | -5.0% | 4.0% | 5th lowest of 21 |
| EV / Sales | 1.3× | 1.9× | 9th cheapest of 21 |
| ROIC minus cost of capital | -9.2 pp | -2.2 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Shunxin Agriculture 000860.SZ | China | $1.36B | -4% | -20% | -5% | 1.3× | n/a | n/a |
| China Modern Dairy 1117.HK | Hong Kong | $1.37B | +3% | +5% | -15% | 2.1× | n/a | n/a |
| Adecoagro AGRO | United States | $1.30B | -31% | +7% | 2% | 2.2× | 37.5% | +12.1% |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 0.4× | n/a | n/a |
| Great Wall Enterprise 1210.TW | Taiwan | $1.28B | -4% | +2% | 4% | 0.7× | n/a | n/a |
| Kernel KER.WA | Poland | $1.47B | 0% | -1% | 5% | 0.5× | 8.0% | -5.4% |
| Balrampur Chini Mills BALRAMCHIN.NS | India | $1.50B | +28% | +11% | 9% | 2.3× | n/a | n/a |
| Godrej Agrovet GODREJAGRO.NS | India | $1.23B | +3% | +9% | 6% | 1.1× | 15.1% | +10.3% |
| Shandong Yisheng Livestock & Poultry Breeding 002458.SZ | China | $1.54B | -16% | +15% | 17% | 3.1× | 6.3% | +11.1% |
| M.P. Evans MPE.L | United Kingdom | $1.20B | -5% | +1% | 39% | 2.8× | -9.7% | +15.6% |
| Leshan Giantstar Farming & Husbandry 603477.SS | China | $1.19B | -19% | -2% | -15% | 1.6× | n/a | n/a |
| LT Foods LTFOODS.NS | India | $1.55B | -3% | +24% | 8% | 1.2× | 25.7% | +18.2% |
| Shandong Denghai Seeds 002041.SZ | China | $1.19B | -12% | -1% | 3% | 4.2× | 23.5% | +4.2% |
| Liuliumei 6658.HK | Hong Kong | $1.58B | n/a | +6% | 12% | 6.8× | n/a | n/a |
| Dekon Food And Agriculture 2419.HK | Hong Kong | $1.16B | -16% | -10% | -6% | 0.5× | -5.0% | +22.4% |
| Shenzhen Agricultural Products 000061.SZ | China | $1.63B | -22% | -22% | 12% | 3.2× | 4.2% | +15.6% |
| Fujian Aonong Biological Technology Group Incorporation 603363.SS | China | $1.09B | -21% | +12% | -8% | 1.1× | n/a | n/a |
| Xinjiang Guannong 600251.SS | China | $1.09B | -27% | -32% | -4% | 3.2× | n/a | n/a |
| Tecon Biology 002100.SZ | China | $1.72B | +6% | -8% | -5% | 1.1× | n/a | n/a |
| Jiangsu Provincial Agricultural Reclamation & Dev 601952.SS | China | $1.72B | -16% | -5% | 4% | 1.4× | -2.2% | +3.2% |
| Yuan Longping High-Tech Agriculture 000998.SZ | China | $1.77B | -11% | -5% | 5% | 2.8× | n/a | n/a |