SHUANGHUI(000895)2024-10-30 10:42Group 1: Sales Performance - In the first three quarters of 2024, the sales volume of meat products in new offline channels such as leisure snacks, convenience stores, and membership supermarkets increased by approximately 60% year-on-year, while online channel sales grew by over 20% [2] - As of September 2024, the market inventory of meat products was at a normal level, showing a decrease compared to the same period last year [2] Group 2: Inventory and Valuation - The current frozen product inventory is at a historically low level, with potential impacts on valuation due to fluctuations in pork prices, but the overall impact on business operations is expected to be minimal [2] - The structure of meat products in the first three quarters of 2024 shows that high-temperature products accounted for about 70% of sales, while low-temperature products accounted for around 30%, with an increase in the proportion of low-temperature products [2] Group 3: Strategic Measures - The company plans to continue adjusting product structure, maintaining high-temperature products while promoting frozen products [3] - There will be a comprehensive effort to expand distribution points and enhance terminal market management [3] - The company aims to strengthen online channels and B-end business operations to address weak channels [3] - Increased market investment will be made to precisely participate in competition and expand market share [3] - Digitalization will be enhanced to improve market operation levels and efficiency [3] Group 4: Profit Outlook - For Q4 2024, the company expects a year-on-year decrease in meat product costs, with a slight increase in market support, leading to a forecasted decline in average profit per ton, but it will still remain at a good level [4] Group 5: Dividend Policy - The company will adhere to a profit distribution policy focused on cash dividends, providing stable returns to shareholders [5]