Henan Shuanghui Investment & Development (000895) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 14.27 billion, flat year-over-year; net profit attributable to shareholders was RMB 1.14 billion, down 10.58% year-over-year.

• Meat product total external sales volume was 765,900 tons, down 1.91% year-over-year.

• Total assets at quarter-end were RMB 43.0 billion, up 15.32% from year-end 2024.

Financial highlights

• Operating income: RMB 14.27 billion, essentially unchanged from Q1 2024.

• Net profit attributable to shareholders: RMB 1.14 billion, down 10.58% year-over-year.

• Net profit excluding non-recurring items: RMB 1.06 billion, down 14.79% year-over-year.

• Operating cash flow: RMB 836 million, down 42.20% year-over-year.

• Basic and diluted EPS: RMB 0.3282, down from RMB 0.3671 in Q1 2024.

Segment performance

• Meat products segment revenue: RMB 5.58 billion; segment profit: RMB 1.48 billion.

• Slaughtering segment revenue: RMB 6.53 billion; segment loss: RMB 74 million.

• Other businesses contributed RMB 2.18 billion in revenue.