某市在排污许可证核查中发现，有3家屠宰企业分别于2024年—2025年向市生态环境局申请了排污许 可，申报年屠宰生猪量均低于10万头，并申请简化管理。经查，3家企业的环评批复屠宰量均小于10万 头，市生态环境局便依申请按照简化管理方式为上述3家企业核发了排污许可证。经对比农业农村部门 统计数据，上述3家屠宰企业2022年—2024年屠宰量均超过了10万头。根据相关规定，年屠宰生猪10万 头及以上的，应纳入重点管理。上述3家企业涉嫌提供虚假申报材料降级申请排污许可，而市生态环境 局对企业申报的材料审查把关不到位，造成了排污单位被降级管理。 强化宣传引导。对屠宰企业开展《排污许可管理条例》专题宣传，重点围绕排污单位的主体责任、污染 物排放控制要求、监督检查机制及法律责任等关键条款进行解读。同时，结合近年来生态环境部门查处 的典型违法案例进行深度剖析。通过政策宣讲、案例分析引导排污企业增强法律意识，主动履行生态环 境保护主体责任，增强按证排污意识，落实按证排污的法律责任。 造成这一问题的原因，一方面是企业法律意识淡薄，提供虚假数据进行申报，以期降低管理等级，逃避 监管；另一方面，生态环境部门对企业提交排污许可证申报 ...

Summary of the Conference Call for Wan Zhou International & Shuanghui Development Industry and Company Overview - The conference call primarily discusses the performance and outlook of Wan Zhou International and Shuanghui Development in the meat processing industry, particularly focusing on the U.S. market and its various business segments [1][4]. Key Points and Arguments 2025 Business Outlook - Wan Zhou International anticipates growth in its U.S. pork business in 2025 despite rising hog prices, as production costs are expected to decrease. The company expects the hog farming segment to remain profitable due to favorable futures market conditions [3][4]. - The meat processing segment will face cost pressures but will respond through formula pricing adjustments, increasing self-owned capacity, and cost-saving measures [3][4]. - The company plans to reduce upstream capacity, with hog output expected to decrease from 17.5 million heads to 11.5 million heads, aiming for a future target of around 10 million heads [3][7]. Market Conditions - The U.S. protein supply shortage has led to high beef and chicken prices, which is expected to positively impact the sales of pork and its products in 2025 [5][4]. - The company will optimize production processes and enhance operational efficiency to improve profitability [5][4]. Strategic Developments - Wan Zhou International successfully listed Smithfield, leveraging capital markets for expansion and enhancing investor confidence through increased transparency [8][4]. - The company is focusing on industrialization, diversification, internationalization, and digitalization, with plans to compress hog farming scale and reduce the ratio of hog farming to slaughtering operations to below 30% [9][10]. Dividend Policy - The dividend payout ratio has been adjusted from 30% to 50%, with a commitment to maintain this policy based on operational performance and cash flow [11][4]. Shuanghui Development's Growth Plans - Shuanghui Development expects to increase its network by over 10% in 2025, adding more than 200,000 outlets, with a focus on expanding new sales channels [12][4]. - The company plans to enhance its channel strategy by filling gaps in existing channels and expanding into new ones, with expectations that new channels will account for over 20% of total sales by 2026 [13][4]. Operational Adjustments - Shuanghui Development has implemented a more targeted performance assessment mechanism for its sales teams, focusing on individual and team performance linked to specific product categories [6][4]. - The company anticipates a significant increase in personnel dedicated to meat products, reflecting a 50% increase in workforce in this area [14][4]. Pricing and Market Trends - The average pork price in 2025 is expected to be lower than in 2024, with a projected decline of approximately 2 yuan from last year's average of 17 yuan [24][4]. - The U.S. market is expected to see stable growth, with feed prices declining and pork prices rising, while product sales are also anticipated to increase [25][4]. European Market Insights - The European market is expected to see a decline in hog prices due to increased supply, benefiting the slaughtering industry but reducing profitability in hog farming [18][4]. Export Dynamics - Clearfield's export business to Mexico and Canada is significant, with Mexico accounting for a larger share. The company plans to increase high-value product exports to mitigate the impact of tariffs [19][4]. Additional Important Information - The company is focusing on technological upgrades and innovations, including the introduction of AI, to enhance the competitiveness of the traditional meat industry [10][4]. - The overall strategy includes maintaining a strong position in the U.S. slaughtering and meat processing sectors while optimizing business operations through mergers and acquisitions [18][4].

| | 2024年 | 2023 年 | 本年比上年 | 2022年 | | --- | --- | --- | --- | --- | | | | | 增减 | | | 营业收入(元) | 59,561,224,544.07 | 59,892,963,176.51 | -0.55% | 62,575,635,903.48 | | 归属于上市公司股东的净利 润(元) | 4,989,048,074.60 | 5,052,741,772.33 | -1.26% | 5,620,885,670.80 | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 4,812,760,810.76 | 4,732,071,610.46 | 1.71% | 5,216,721,795.58 | | (元) | | | | | | 经营活动产生的现金流量净 | 8,415,760,882.42 | 3,387,718,636.44 | 148.42% | 7.565.466.114.96 | | 额(元) | | | | | | 基本每股收益(元/股) | 1.4400 | 1.4584 | -1.26% | 1.6223 ...