SHUANGHUI(SZ:000895)2023-10-25 10:48Group 1: Sales Performance - New product sales volume increased by 10.5% in the first nine months, with a revenue and profit growth of 13% year-on-year, accounting for a significant portion of overall meat product sales [1] - The company's meat product sales experienced a slight decline in Q3 2023 due to lower-than-expected market demand and a lack of significant impact from the holiday season [1] Group 2: Cost and Profitability Outlook - The company expects stable costs for raw materials and packaging in Q4 2023, aiming to maintain stable profit per ton for meat products through ongoing product structure adjustments [1] - The company plans to enhance profitability by upgrading the structure of meat products [1] Group 3: Network Development and Inventory Management - The company has collaborated with professional institutions to strengthen network development, achieving over 20% growth in the number of outlets in pilot cities [2] - The company has maintained a relatively high level of frozen product inventory due to appropriate reserves during the low pork price period, with plans to release inventory based on market conditions in Q4 [3] Group 4: Cash Flow Analysis - The net cash flow from operating activities decreased year-on-year due to increased frozen product inventory and a higher amount of advance payments received last year due to proximity to the Spring Festival [4]