SHUANGHUI(SZ:000895)2018-10-30 16:00Financial Performance - Total assets at the end of the reporting period reached ¥23,787,611,399.13, an increase of 3.03% compared to the end of the previous year[8]. - Operating revenue for the reporting period was ¥12,894,847,389.48, a decrease of 2.82% year-on-year[8]. - Net profit attributable to shareholders was ¥1,266,943,624.89, reflecting a growth of 1.60% compared to the same period last year[8]. - The basic earnings per share for the reporting period was ¥0.3840, an increase of 1.61% year-on-year[8]. - The weighted average return on net assets rose to 9.03%, an increase of 0.62 percentage points from the previous year[8]. - Total revenue reached 36.654 billion yuan, a decrease of 1.83% year-on-year, while net profit attributable to shareholders increased by 15.91% to 3.652 billion yuan[16]. - The company reported a total profit of CNY 4,742,791,248.67 for the reporting period, with operating profit amounting to CNY 4,733,095,708.49[37]. Cash Flow and Assets - Cash flow from operating activities showed a net decrease of 18.58%, totaling ¥3,630,523,520.50[8]. - Cash and cash equivalents decreased by 37.80% to 3.833 billion yuan, primarily due to shareholder dividends and increased structured deposits[16]. - Accounts receivable increased by 45.86% to 37.89 million yuan, driven by higher sales in the fresh products division[16]. - Inventory rose by 30.40% to 3.81858 billion yuan, attributed to increased frozen product stock and raw materials for meat products[16]. - Other current assets increased by 73.11% to 479.44 million yuan, mainly due to the purchase of financial products[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 47,422[12]. - The largest shareholder, Henan Shuanghui Investment & Development Co., Ltd., held 59.27% of the shares[12]. - The cash dividend distribution plan involves a payout of CNY 9.00 per 10 shares, totaling CNY 2,969,602,455.60, which represents 100% of the profit distribution[30][31]. - The total cash dividend represents 100% of the profit distribution, indicating a strong commitment to returning value to shareholders[31]. Non-Operating Income and Investments - The company reported non-operating income of ¥211,537,385.84 from government subsidies[9]. - Other income surged by 5542.66% to 192.72 million yuan, reflecting a reclassification of government subsidies[17]. - Investment activities generated a net cash outflow of 256.904 million yuan, a significant increase of 359.46% compared to the previous period[17]. - The company has a remaining undistributed profit of CNY 4,655,130,154.10 after the dividend distribution[31]. Operational Activities - The company slaughtered 12.03 million pigs during the reporting period, an increase of 19.27% compared to the same period in 2017[16]. - The company has conducted several research and communication activities regarding new product promotions and responses to market challenges, including measures against African swine fever[32]. Risk Management - The company aims to enhance its financial stability by utilizing idle funds for foreign exchange derivative trading to mitigate risks associated with currency fluctuations[29]. - The company has established strict management systems for foreign exchange derivative trading to control transaction risks and ensure compliance with risk management protocols[29]. - The company’s investment in derivatives is intended to lock in costs and avoid risks related to exchange rates and interest rates, prohibiting speculative trading[29].