双汇发展(000895) - 2022年10月25日投资者调研纪录

Financial Performance - In the first nine months of 2022, the company's meat sales volume was 232,000 tons, a year-on-year decrease of 11.9% [1] - Total revenue for the same period was 44.64 billion yuan, down 12.55% year-on-year, primarily due to significant declines in pig and meat prices [1] - The total profit achieved was 5.17 billion yuan, representing a year-on-year increase of 20.4% [1] Business Segments - Fresh and frozen products experienced a decline in sales volume, but production maintained growth due to effective price control and increased frozen product shipments [1] - The packaging meat product segment saw a stable sales scale, with new product ratios increasing each quarter and rapid growth in the prepared food business [2] Strategic Focus for Q4 - Accelerate network construction to enhance market scale and service capabilities [2] - Continue product structure adjustments, promoting new types of leisure, catering ingredients, and fresh packaging products [2] - Control raw material costs through scientific market analysis [2] - Enhance management efficiency across all operations to effectively control expenses [2] - Focus on the development of the breeding industry to lower costs and improve quality [2] - Upgrade quality control across all stages from procurement to sales [2] - Build a big data platform to empower enterprise development through information technology [2] Profitability Insights - In Q3, the company’s fresh product business turned profitable year-on-year, with frozen product profits being significant [3] - The profit margin for packaging meat products decreased due to rising raw material costs, but the profit per ton for the first nine months increased by over 10% [3] Future Development Plans - The slaughtering and packaging meat industries will remain key focus areas, with significant growth expected in upstream breeding and prepared food sectors [3] - The company plans to enhance its prepared food business through product development and sales network expansion [3] - New products launched include various semi-finished and ready-to-eat dishes, with plans to cater to diverse regional consumer needs [3][4]