1、LOGOShuanghui GroupsFinancial analysisGroup members：Financial Analysis inShuanghui groupRatios nnalysis2Current affairs4Introduction3 1Financial statements3 3Outlook3 5SHINEWAY GROUPintroduction Founded in 1958 in Henan The first Shineway card ham come out in 1992 1998 listed in Shenzhen (stock code

2、 000895) Wang Rong is the Chairman after 1984QualityEfficientFightingInnovationInlegrityDedicationTo create a world-class brand meat SPIRIT current ratio 2010 2011 2012current assets4034910798.264897756553.967248156075.67current liabilities2519369900.883441479971.593886656717.02current ratio1.601.42

3、1.86debt ratio 2010 2011 2012total assets6708825709.267173086223.0516695083971.49 total liabilities2400110967.673503662231.564141012883.44debt ratio0.3580.4880.248 Analysis these datas main Reason: in 2011 ，the clenobuterol hydrochloride poison 1. use up lots of monetary capital to deal with the cri

4、sis， such as Testing costs to 300 million Dealing with the problems of goods to 12,100 million 2. Absorption of liabilities As the result : the Short-term debt-paying ability: first drop 2011,then rise 2012 , is the result of short-term capital and liabilities. 2011年，雙匯吸收了年，雙匯吸收了7個億的短期借款，流動負債增加個億的短期

5、借款，流動負債增加36.6%，而流動資產增加僅，而流動資產增加僅9.5%，貨幣資金減少了，貨幣資金減少了4.05%，這些因素的變化必然會影響企業的短期償債能力這些因素的變化必然會影響企業的短期償債能力 2012年，企業仍在不斷地彌補。年，企業仍在不斷地彌補。 Shuanghui group chart date 2012 .12 As the result : the long-term debt-paying ability： in the long run , go through 2011 rising ,little by little drop 2012, the trend wil

6、l be go on drop in the continuous future. 2011年企業負債融資的增加，股東權益減少了年企業負債融資的增加，股東權益減少了5.9%，資本，資本結構發生了明顯變化，資產負債率、產權比率雖然沒有超過結構發生了明顯變化，資產負債率、產權比率雖然沒有超過公認的合理界限，但是照目前趨勢下去，將來必然會影響企公認的合理界限，但是照目前趨勢下去，將來必然會影響企業的長期償債能力。但是從長期來看，業的長期償債能力。但是從長期來看，2012年年企業的償債企業的償債能力出現惡化，各項指標表現都不太樂觀，因而相繼的能力出現惡化，各項指標表現都不太樂觀，因而相繼的未來未來償債

7、償債能力也會有一定影響。能力也會有一定影響。Shuanghui Group Inc.Balance SheetDecember 31,from 2008 to 2012in millions20122011201020092008assetscurrent assets7428.164897.764034.913431.922414.46non-current assets9446.932941.742673.912321.322041.72total assets16695.17839.56708.835753.244456.18liabilitiescurrent liabilities3

8、886.663441.482377.592018.881413.23non-current liabilities254.35662.182322.520917.313715.503total liabilities4141.013503.662400.112036.191428.73shareholders equity12554.14335.844308.713717.043027.44total liabilities and shareholders equity16695.17839.56708.835753.244456.18Shuanghui Group Inc.Statemen

9、t of IncomeYeas ended December 31,from 2008 to 2012in millions20122011201020092008revenus39704.537615.536749.328351.326010expenses3612536916.835219.727108.825031.7operating profit3632.47699.71650.731335.321035.85net income3068.96643.4561327.251105.75817.639 Production costs increase pork prise rosed

10、 sharply The clenbuterol event “瘦肉精”事件Two main reasons雙匯雙匯“瘦肉精瘦肉精”事事件件The Clenbuterol Event of Shuanghui Group CCTV news channel revealed the events on 3.15 special programWhat is the Clenbuterol Clenbuterol: Animal drugs Effect: Speed up muscle building and fat building,then the pig becomes a lean-

11、meat pig.（健美豬） Consequnce: Meat with it will lead people to dizziness（頭暈） , cardiopalmus（心悸）,even malignant tumor（惡性腫瘤）. jLean-meat Pig“健美豬健美豬”The influence of clenbuterol eventto Shuanghui Groupmeat product肉制品產量 24% downslaughter numbers屠宰生豬數量 30% downoperating profit營業利潤 61% downMillion tonsMillion MillionCSRCorporate Social Responsibility樹立聲譽要20年,敗壞聲譽只要五分鐘 Warren BuffettSorry!Out Look According to my partner: Shunghuis busniss is stable. build a better image by advertisement. occupy more marketplace.Defeat competitorsRecognisecompetitors:Jinluo,Meihao, Yurun and so on.Its an o