Henan Shuanghui Investment & Development (000895) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥28.09 billion, down 1.16% year-over-year; net profit attributable to shareholders was ¥2.31 billion, down 0.76% year-over-year.

• Packaged meat products revenue grew 7.64% year-over-year, while slaughtering business revenue declined 7.43%.

• Gross margin for packaged meat products improved to 36.3%, up 0.2 percentage points year-over-year.

• Cash flow from operations decreased 44.52% year-over-year due to higher inventory levels.

Financial highlights

• Operating income: ¥28.09 billion, -1.16% year-over-year.

• Net profit attributable to shareholders: ¥2.31 billion, -0.76% year-over-year.

• Basic and diluted EPS: ¥0.6655, down from ¥0.6705 year-over-year.

• Total assets: ¥40.87 billion, up 3.62% from year-end 2025.

• Net assets attributable to shareholders: ¥20.90 billion, down 2.17% from year-end 2025.

• Operating cash flow: ¥1.62 billion, -44.52% year-over-year.

Outlook and guidance

• Company expects continued market fragmentation and diversified demand, focusing on product innovation and channel expansion.

• Plans to deepen professional reforms in meat products, expand fresh product market, and accelerate digital transformation.

• Emphasis on risk management for raw material price volatility and food safety.