Henan Shuanghui Investment & Development Co.,Ltd.
000895.SZ · SHZ
Company research
Henan Shuanghui Investment & Development Co., Ltd. (000895.SZ) is China's largest meat processing company, listed on the Shenzhen Stock Exchange since 1998 and headquartered in Luohe, Henan Province. The company operates through a vertically integrated business model encompassing animal breeding, feed manufacturing, slaughtering, processing and distribution of meat products — primarily pork and beef — as well as packaging materials production and cold chain logistics. With approximately 44,529 employees and trailing twelve-month revenues of approximately RMB 60.55 billion, Shuanghui has cemented its position as a dominant force in China's packaged foods and meat supply chain. The company is a subsidiary of Rotary Vortex Ltd. and operates under the broader umbrella of WH Group, the world's largest pork producer, which also controls Smithfield Foods in the United States.
Research reports
The report notes that 2025H1 revenue grew 2.97% year-on-year and net profit 1.17%, with Q2 revenue up 6.31% and net profit up 15.74%, marking a clear recovery in quarterly earnings while the company continues an extremely high cash payout (6.50 yuan per 10 shares, payout ratio around 97%). It highlights Q2 packaging meat revenue and profit both returning to growth with rising contribution from new channels, while fresh pork volumes increased but margins fell due to lower hog prices, and maintains a positive stance on high dividends and gradual margin repair.
民生证券 · August 14, 2025双汇发展-000895-2025年中报点评：收入增长稳健，Q2盈利改善This mid-year review emphasizes that 2025H1 revenue rose 3.0% and net profit 1.17%, with Q2 revenue up 6.31% and net profit up 15.74%, driven by strong Q2 profitability and a continued near-100% dividend payout (6.50 yuan per 10 shares, payout ratio about 96.9%). It points out that meat-product revenue and volumes declined in traditional channels but new products and new channels (especially snacks and e-commerce) grew rapidly, and the analysts project steady 2025–2027 earnings growth while warning that weaker demand or raw material price swings could pressure results.