Shunxin Agriculture's branch Pengcheng Food needs to transfer out value-added tax input tax of 30.11 million yuan in a tax self-inspection. On September 28, Shunxin Agriculture announced that its branch Pengcheng Food received a Tax Matters Notice from the tax authorities, requiring a self-inspection of tax-related matters from January 1, 2021 to December 31, 2025. After self-inspection, the company needs to transfer out value-added tax input tax of 30.11 million yuan. Since there are excess input tax credits on the books that can be fully offset, no back taxes are involved, and this adjustment will be recorded in the 2026 profit and loss. This adjustment is expected to reduce the company's 2026 net profit attributable to the parent company, with the specific impact subject to the 2026 audited financial statements. In the first half of 2026, Shunxin Agriculture achieved revenue of 3.804 billion yuan and net profit attributable to the parent company of 40.35 million yuan.
Beijing Shunxin Agriculture Co LtdTax self-inspection requires Pengcheng Food to transfer out 30.11 million yuan of input VAT, expected to reduce 2026 net profit.
