Hello, the top ten shareholders are Henan Luohe Shuanghui Industrial Group Co., Ltd., Rotex Co., Ltd., Hong Kong Securities Clearing Company Limited, China Securities Finance Co., Ltd., Central Huijin Asset Management Co., Ltd., and China Life Insurance Co., Ltd.

Co., Ltd., National Social Security Fund Portfolio 103, Taikang Life Insurance Co., Ltd., Investment-linked Innovation Power, China Merchants Bank Co., Ltd., among which_Henan Province Luohe Shuanghui Industrial Group Co., Ltd. and Rotex Co., Ltd. hold shares

is the most.

1. The main advantages of Shuanghui's development are: the possibility of a debt crisis in the future is small, the asset-liability ratio is around 40%, and there is no short-term debt repayment pressure.

The company has a high industry status and strong competitiveness.

The company has become asset-light.

In 2019, fixed assets + construction in progress accounted for less than 38% of total assets.

Whether it can be maintained below 40% remains to be seen.

The company has strong cost control capabilities, sales expenses account for less than 5% of operating income, and its products sell well.

The company's net profit has a high cash content, and the net cash flow generated from operating activities in 2019 was small, but its value in 2020 increased by more than 100% year-on-year.

The company's return on net assets is high, exceeding 30% in the past two years.

The net profit attributable to the parent company has maintained rapid growth in the past two years.

The company pays generous dividends.

2. The risk of Shuanghui is that due to the company's business model, its gross profit margin is not high, only about 20%.

The company's main business profit margin is less than 15%, and the main business profitability is not strong.

From the data point of view, the company has obvious advantages and is an excellent company.

As an industry leader, it gives a reasonable price-to-earnings ratio of 25 times.

Because the net profit attributable to the parent company in 2019 was 5.44 billion yuan.

_Henan Shuanghui Investment Development Co., Ltd. is a huge meat processing base in China and a key leading enterprise in the national agricultural industrialization.

The headquarters is located in Luohe City, Henan Province.

Shuanghui has built more than 30 modern meat processing bases and supporting industries in 18 provinces (municipalities) across the country, forming a complete industrial chain including breeding, feed, slaughtering, meat product processing, new material packaging, cold chain logistics, and chain commerce.

.

It produces and sells more than 3 million tons of meat products annually and has nearly 1 million sales terminals.

In addition to Xinjiang and Tibet, Shuanghui's products can be developed day and night.