Group 1 - The core viewpoint of the article is that the company is adapting to the K-shaped consumption trend by launching high-cost performance products under the Fule brand, actively participating in market competition [1] - In the first half of the year, the sales volume of high-cost performance products, represented by the Fule brand, reached approximately 10,000 tons [1] - The high-cost performance products operate through new brands, new customers, and new channels, supplementing the company's existing brands and products, and bringing in new growth [1]

Core Viewpoint - The company reported strong sales growth in its meat products through emerging channels, indicating a positive trend in consumer demand and market expansion [1] Group 1: Sales Performance - In the first half of the year, the company's meat product sales in emerging channels increased by 21% year-on-year [1] - The sales volume from emerging channels accounted for 17.6% of the total sales [1] - The snack food and e-commerce channels showed significant growth and contributed a large share to the emerging channels [1]

格隆汇8月13日丨双汇发展(000895.SZ)于近期投资者调研中表示，上半年，公司肉制品新产品实现销量 6.5万吨、占肉制品销量的10%，新产品收入14.4亿元、占肉制品销售收入的12%。 ...

Core Viewpoint - The company reported a 2% year-on-year increase in meat product sales through the catering channel in the first half of the year [1] Group 1: Company Strategy - The company plans to continue enhancing its core customer engagement and improve customized service capabilities to boost meat product sales in the catering channel [1]

格隆汇8月13日丨双汇发展(000895.SZ)于近期投资者调研中表示，为迎合K字型消费趋势，公司推出了 富乐品牌等高性价比产品，积极参与市场竞争，上半年公司以富乐品牌为代表的高性价比产品销量约1 万吨。高性价比产品以新品牌、新客户、新渠道等模式运作，对公司品牌和产品形成补充，为公司带来 新增量。 ...

格隆汇8月13日丨双汇发展(000895.SZ)于近期投资者调研中表示，下半年，预计公司肉制品成本同比有 所下降，同时公司将加大市场支持力度，积极参与竞争，并继续加强高性价比产品的推广，预计下半年 公司肉制品吨利将维持在较高水平。 ...

Core Viewpoint - The company demonstrated resilience in its operations despite challenges in the industry, achieving steady revenue growth and maintaining a high dividend payout to shareholders [1][5]. Financial Performance - In the first half of 2025, the company reported a revenue of 28.414 billion yuan, a year-on-year increase of 2.97%, and a net profit attributable to shareholders of 2.323 billion yuan, up 1.17% [1]. - The company plans to distribute a cash dividend of 6.5 yuan per 10 shares, totaling 2.252 billion yuan, which accounts for 56.8% of the distributable profits [1][5]. Business Segments - The total external sales of meat products reached 1.57 million tons, an increase of 3.67% year-on-year [2]. - The slaughtering segment generated revenue of 13.769 billion yuan, up 3.33%, with external sales of 688,600 tons, a growth of 11.17% [2]. - Fresh poultry products emerged as a new growth point, with sales reaching 180,300 tons, a significant increase of 17.46% [2]. - The packaged meat products segment achieved revenue of 11.207 billion yuan, with a gross margin improvement of 0.61 percentage points to 36.10% [2]. Industry Position - The company has established a comprehensive meat industry chain, integrating upstream feed and breeding industries and downstream packaging and trade sectors, resulting in significant cluster benefits and synergy [3]. - The company has a robust distribution network with 21,415 distributors, an increase of 2.64% from the beginning of the year [3]. - The company has entered major e-commerce platforms, enhancing its online direct sales capabilities [3]. Market Trends - The meat industry is experiencing trends towards scale, standardization, and increased processing rates, with the company benefiting from rising industry concentration [4]. - The demand for meat products remains stable, with a shift towards processed meat products driven by changing consumer lifestyles and preferences [4]. - The company is actively expanding its product matrix to meet consumer demands for convenience and health, introducing various new products [4][5].

格隆汇8月13日丨双汇发展(000895.SZ)于近期投资者调研中表示，下半年，预计公司肉制品成本同比有 所下降，同时公司将加大市场支持力度，积极参与竞争，并继续加强高性价比产品的推广，预计下半年 公司肉制品吨利将维持在较高水平。 ...

Group 1: Financial Performance and Projections - The company expects a decrease in meat product costs year-on-year in the second half of 2025, maintaining high profit margins for meat products [3] - The pig and poultry farming sectors have shown significant improvement, with a substantial reduction in operating losses year-on-year [4] Group 2: Sales Performance - In the first half of 2025, meat product sales in emerging channels grew by 21%, accounting for 17.6% of total sales, with significant contributions from the snack and e-commerce channels [5] - Sales in the catering channel increased by 2% year-on-year in the first half of 2025 [6] - High-cost performance products, such as the Fule brand, sold approximately 10,000 tons in the first half of 2025, contributing to market competition [7] - New meat products achieved sales of 65,000 tons, representing 10% of total meat product sales, generating revenue of 1.44 billion yuan, which is 12% of total meat product sales revenue [8] Group 3: Sales Growth Drivers - The increase in meat product sales in Q2 2025 was attributed to the implementation of specialized sales teams and enhanced market operations [9] - The company has focused on expanding new channels, resulting in significant growth in sales from member supermarkets and convenience stores [9] Group 4: Future Strategies - The company plans to continue reforming sales structures and enhancing market operations [10] - There will be an emphasis on developing professional clients and expanding the customer base [10] - The company aims to strengthen network development and improve product offerings to meet diverse consumer needs [10] - Digital applications will be leveraged to empower market sales [11]

证券代码：000895 证券简称：双汇发展 公告编号：2025-24 河南双汇投资发展股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、 股东会授权及董事会审议通过权益分派方案情况 1. 河南双汇投资发展股份有限公司（以下简称公司或本公司）于 2025 年 4 月 17 日召开 2024 年度股东会，审议通过了《关于提请股东会授权董事会制定并 执行 2025 年中期分红方案的议案》，授权董事会在符合相关条件、时间和金额范 围内，制定公司 2025 年中期分红方案，并经董事会三分之二以上董事审议通过 后执行，具体请见公司于 2025 年 4 月 18 日披露的《2024 年度股东会决议公告》 （公告编号：2025-12）。公司于 2025 年 8 月 9 日召开第九届董事会第八次会议， 根据公司 2024 年度股东会的授权，董事会制定了《公司 2025 年半年度利润分配 方案》，并经全体董事审议通过，同意以公司现有总股本 3,464,661,213 股为基数， 向全体股东按每 10 股派发现金红利 6.50 元 ...