香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 WH Group Limited 萬洲國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：288） 史密斯菲爾德食品有限公司 截至二零二五年六月二十九日止六個月的 未經審核財務業績 於二零二五年八月十二日交易時段後（香港時間），史密斯菲爾德刊發其截至二零二五 年六月二十九日止六個月的中期報告。 史密斯菲爾德食品有限公司（「史密斯菲爾德」）為一家於美利堅合眾國（「美國」）弗吉尼亞 州註冊成立的公司，其股份自二零二五年一月二十八日（紐約時間）在納斯達克全球精選 市場上市。於本公告日期，萬洲國際有限公司（「本公司」）間接擁有史密斯菲爾德約92.7% 的股權。於二零二五年八月十二日，史密斯菲爾德向美國證券交易委員會上報其截至二 零二五年六月二十九日止六個月的中期報告（「史密斯菲爾德中期報告」）。需要注意的是， 載於史密斯菲爾德中期報告的未經審核綜合財務業績乃按照美國的公認會計原則編製， 而本公司則按照國際 ...

Group 1 - The core viewpoint of the article highlights the performance of Shuanghui Development, a subsidiary of WH Group, for the six months ending June 30, 2025, showing mixed results in sales and profits [1] Group 2 - Shuanghui Development's external meat sales reached 1.57 million tons, representing a year-on-year increase of 3.7% [1] - The total operating revenue amounted to RMB 28.503 billion, reflecting a year-on-year growth of 3.0% [1] - The total profit was RMB 3.079 billion, which is a year-on-year decrease of 2.4% [1] - The net profit attributable to shareholders was RMB 2.323 billion, showing a year-on-year increase of 1.2% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 雙匯發展截至二零二五年六月三十日止六個月的業績概要 截至二零二五年六月三十日止六個月，雙匯發展肉類外銷量為157萬公噸，較二零二四年 同期相比上升3.7%；營業總收入為人民幣285.03億元，較二零二四年同期上升3.0%；利 潤總額為人民幣30.79億元，較二零二四年同期下降2.4%。歸屬於雙匯發展股東的淨利潤 為人民幣23.23億元，較二零二四年同期上升1.2%。 載於雙匯發展中期報告截至二零二五年六月三十日止六個月的未經審核綜合損益及其他 全面收益表及於二零二五年六月三十日的未經審核綜合財務狀況表呈列如下： （於開曼群島註冊成立的有限公司） WH Group Limited 萬洲國際有限公司 （股份代號：288） 河南雙匯投資發展股份有限公司 截至二零二五年六月三十日止六個月的 未經審核財務業績 於二零二五年八月十二日交易時段後（香港時間），雙匯發展刊發其截至二零二五年六 月三十日止六個月的中期報告。 ...

Core Viewpoint - Wan Zhou International (00288) announced a mid-term dividend of HKD 0.2 per share for the six months ending June 30, 2025, to be distributed on September 30, 2025 [1] Company Summary - The company will distribute a mid-term dividend of HKD 0.2 per share [1]

万洲国际(00288)发布截至2025年6月30日止6个月业绩，生物公允价值调整后，该集团取得收入133.87亿 美元，同比增加8.9%;公司拥有人应占利润7.88亿美元，同比增加0.51%;每股基本盈利6.14美分，拟派发 中期股息每股0.2港元。 在所有经营分部中，肉制品一直是我们的核心业务。于回顾期间，肉制品占本集团83.2%的经营利润以 及本集团49.6%的收入(比较期间：分别占99.7%及52.8%)。 公告称，收入增加此乃由于猪肉销量及肉制品平均销价上升。经营利润亦上升10.4%至12.59亿美元，主 要原因是猪肉业务大幅增长。 ...

Group 1 - The company, WH Group Limited (万洲国际), announced a mid-term dividend of HKD 0.2 per share, which will be distributed on September 30, 2025 [1] - The dividend pertains to the six-month period ending June 30, 2025 [1]

公告称，收入增加此乃由于猪肉销量及肉制品平均销价上升。经营利润亦上升10.4%至12.59亿美元，主 要原因是猪肉业务大幅增长。 在所有经营分部中，肉制品一直是我们的核心业务。于回顾期间，肉制品占本集团83.2% 的经营利润以 及本集团49.6%的收入(比较期间：分别占99.7%及52.8%)。 智通财经APP讯，万洲国际(00288)发布截至2025年6月30日止6个月业绩，生物公允价值调整后，该集团 取得收入133.87亿美元，同比增加8.9%;公司拥有人应占利润7.88亿美元，同比增加0.51%;每股基本盈利 6.14美分，拟派发中期股息每股0.2港元。 ...

于回顾期间，生猪屠宰总量为2,367.0万头，较比较期间上升6.2%。在中国、北美及欧洲，屠宰量分别 上升19.3%、1.7%及6.8%。公司不时根据各地域的市场行情来调整屠宰规模。回顾期间的猪肉外部销量 亦较比较期间上升7.5%至196.0万公吨，主要原因就是屠宰量增加。 格隆汇8月12日丨万洲国际(00288.HK)公布，截至2025年6月30日止六个月，集团的收入增加8.9%至 133.87亿美元，此乃由于猪肉销量及肉制品平均销价上升。经营利润亦上升10.4%至12.59亿美元，主要 原因是猪肉业务大幅增长；生物公允价值调整前公司拥有人应占利润上升4.5%至7.25亿美元。董事会已 建议派付中期股息每股0.20港元。 ...

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 萬洲國際有限公司 | | 股份代號 | 00288 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二五年六月三十日止六個月中期股息 | | | 公告日期 | 2025年8月12日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.2 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.2 HKD | | 匯率 | 1 HKD : 1 HKD | | 除淨日 | 2 ...

[Performance Highlights](index=1&type=section&id=Highlights) The company reported an 8.9% revenue growth and 10.4% operating profit increase, primarily driven by strong pork sales offsetting a decline in meat product volume Key Performance Indicators for the Six Months Ended June 30, 2025 | Indicator | H1 2025 | H1 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Data** | | | | | Meat Products Sales Volume (Thousand Metric Tons) | 1,451 | 1,501 | -3.3% | | Pork Sales Volume (Thousand Metric Tons) | 1,960 | 1,823 | +7.5% | | **Financial Data (Million USD)** | | | | | Revenue | 13,387 | 12,293 | +8.9% | | Operating Profit | 1,259 | 1,140 | +10.4% | | Profit Attributable to Owners (before biological fair value adjustment) | 725 | 694 | +4.5% | | Profit Attributable to Owners (after biological fair value adjustment) | 788 | 784 | +0.5% | | **Per Share Data** | | | | | Basic Earnings Per Share (Cents, before adjustment) | 5.65 | 5.41 | +4.4% | | Basic Earnings Per Share (Cents, after adjustment) | 6.14 | 6.11 | +0.5% | | Interim Dividend Per Share (HKD) | 0.20 | 0.10 | +100% | - During the reporting period, the company's overall revenue grew by **8.9%**, and operating profit increased by **10.4%**. Despite a **3.3%** decrease in core meat product sales volume, pork sales volume achieved a **7.5%** increase, becoming the main driver of performance[3](index=3&type=chunk)[4](index=4&type=chunk)[5](index=5&type=chunk) [Management Discussion and Analysis](index=2&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the company's operational performance, market dynamics, and strategic initiatives across its global segments, highlighting key drivers and challenges Segment Performance Overview (Million USD) | Segment | Revenue (H1 2025) | Revenue (H1 2024) | Revenue Change | Operating Profit (H1 2025) | Operating Profit (H1 2024) | Operating Profit Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Meat Products | 6,640 | 6,491 | +2.3% | 1,047 | 1,137 | -7.9% | | Pork | 5,623 | 4,926 | +14.1% | 255 | 95 | +168.4% | | Other | 1,124 | 876 | +28.3% | (43) | (92) | N/A | | **Total** | **13,387** | **12,293** | **+8.9%** | **1,259** | **1,140** | **+10.4%** | - Meat products business remains the group's core, contributing **83.2%** of operating profit and **49.6%** of revenue[15](index=15&type=chunk) [Industry Overview](index=2&type=section&id=Industry%20Overview) The group's three major markets—China, the US, and Europe—showed divergent trends, influenced by supply, demand, and trade dynamics - The group's global operations span China, North America, and Europe, with North America contributing the largest share of revenue (**55.2%**) and operating profit (**53.6%**) during the period[8](index=8&type=chunk) [China Market](index=2&type=section&id=China) China's market saw ample hog supply and limited consumption growth, leading to a slight decline in hog prices despite increased pork imports - China's market maintained ample hog supply but limited consumption growth, resulting in a modest **0.8%** year-on-year decrease in average hog prices to **RMB 15.5 per kilogram**[9](index=9&type=chunk) - Despite complex international trade conditions, China's total imports of pork and offal increased by **3.4%** to **1.15 million metric tons** during the review period[10](index=10&type=chunk) [US Market](index=3&type=section&id=US) The US market experienced rising hog prices and pork values due to tighter supply and strong demand, which challenged slaughtering operations and reduced exports - Tightened pork supply and firm prices for other meats fueled strong US domestic pork demand, driving average hog prices up **8.7%** and average pork values up **4.5%** year-on-year[11](index=11&type=chunk) - Pork value growth lagged hog price increases, creating an unfavorable operating environment for slaughtering companies, while high prices and tariffs led to a **4.0%** year-on-year decrease in pork exports[11](index=11&type=chunk) [Europe Market](index=3&type=section&id=Europe) Europe saw increased pork production and trade disruptions, leading to an 8.3% decline in average carcass prices, which boosted export competitiveness - Total EU pork production increased by **1.2%** year-on-year, with increased supply and trade disruptions from foot-and-mouth disease in some regions driving an **8.3%** decrease in average EU carcass prices[13](index=13&type=chunk) - Falling prices enhanced the export competitiveness of pork products, leading to a **1.9%** year-on-year increase in total EU exports, including a **6.0%** rise in exports to China[13](index=13&type=chunk) [Operating Performance](index=4&type=section&id=Operating%20Performance) The group's overall revenue grew by 8.9% to $13.387 billion, and operating profit increased by 10.4% to $1.259 billion, primarily driven by strong pork business performance [Meat Products Segment](index=5&type=section&id=Meat%20Products) The Meat Products segment's operating profit declined by 7.9% to $1.047 billion, primarily due to weak demand in China and increased raw material costs in North America - Meat Products segment operating profit decreased by **7.9%** to **$1.047 billion**, primarily due to declining sales and profits in China from weak demand, and squeezed margins in North America as raw material costs outpaced selling price increases[18](index=18&type=chunk) Meat Products Segment Performance by Region (Million USD) | Region | Revenue (H1 2025) | Revenue Change | Operating Profit (H1 2025) | Operating Profit Change | | :--- | :--- | :--- | :--- | :--- | | China | 1,531 | -9.8% | 411 | -10.7% | | North America | 4,102 | +4.0% | 569 | -7.3% | | Europe | 1,007 | +18.3% | 67 | +6.3% | - European operations showed strong performance, with revenue and operating profit growing by **18.3%** and **6.3%** respectively, driven by the acquisition of Argal and effective pricing discipline[17](index=17&type=chunk)[18](index=18&type=chunk) [Pork Segment](index=6&type=section&id=Pork) The Pork segment's operating profit surged by 168.4% to $255 million, mainly driven by the turnaround of North American hog farming operations - Pork segment operating profit surged by **168.4%** to **$255 million**, primarily driven by the turnaround of North American hog farming operations to profitability[20](index=20&type=chunk) Pork Segment Performance by Region (Million USD) | Region | Revenue (H1 2025) | Revenue Change | Operating Profit (H1 2025) | Operating Profit Change | | :--- | :--- | :--- | :--- | :--- | | China | 1,795 | +8.4% | 28 | — | | North America | 3,279 | +21.0% | 163 | N/A (Loss of $4 million in prior period) | | Europe | 549 | -2.0% | 64 | -9.9% | - Global hog slaughter volume increased by **6.2%** to **23.67 million heads** year-on-year, and external pork sales grew by **7.5%**, collectively driving a **14.1%** increase in revenue[19](index=19&type=chunk)[20](index=20&type=chunk) [Other Segments](index=7&type=section&id=Other) Other segments' revenue increased by 28.3% to $1.124 billion, contributing positively to profit, primarily due to the poultry business returning to profitability - Other business revenue grew by **28.3%** to **$1.124 billion** and contributed to profitability, primarily due to the poultry business returning to profit[21](index=21&type=chunk) - Poultry business slaughter volume increased by **11.8%** to **182 million birds**, with external sales up **13.0%**, forming a key part of the group's protein diversification strategy[21](index=21&type=chunk) [Significant Corporate Developments](index=8&type=section&id=Significant%20Corporate%20Developments) The most significant development was the successful spin-off and Nasdaq listing of Smithfield, generating $534 million in net cash proceeds and a subsequent $325 million special dividend to shareholders [Smithfield's Independent Listing on Nasdaq](index=8&type=section&id=Smithfield's%20Independent%20Listing%20on%20Nasdaq%20Global%20Select%20Market) In January 2025, the group successfully spun off its North American business, Smithfield, for independent listing on Nasdaq under the ticker 'SFD' - In January 2025, the group spun off its North American business, Smithfield, for independent listing on Nasdaq under the ticker **'SFD'**[22](index=22&type=chunk) - The group received approximately **$534 million** in net cash proceeds from selling a portion of Smithfield's shares[22](index=22&type=chunk) - Following the listing, the group distributed approximately **$325 million** in total special cash and in-specie dividends to shareholders[22](index=22&type=chunk) [Financial Position and Capital Management](index=8&type=section&id=Financial%20Position%20and%20Capital%20Management) The group maintained strong liquidity with $1.832 billion in cash and $6.197 billion in unused bank facilities, while managing increased debt and stable financial costs, retaining investment-grade credit ratings [Liquidity](index=9&type=section&id=Liquidity) The group maintained robust liquidity with $1.832 billion in cash and $6.197 billion in unused bank facilities, with a stable current ratio of 1.9 times Liquidity Position (Million USD) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and Bank Balances | 1,832 | 2,055 | | Unused Bank Facilities | 6,197 | 5,358 | | Current Ratio | 1.9x | 1.9x | [Credit Profile](index=9&type=section&id=Credit%20Profile) The group maintained strong investment-grade credit ratings with stable outlooks from Fitch (BBB+), S&P Global (BBB), and Moody's (Baa2) - The group maintained strong investment-grade credit ratings with stable outlooks: - Fitch: **BBB+** - S&P Global: **BBB** - Moody's: **Baa2**[26](index=26&type=chunk) [Debt Profile](index=10&type=section&id=Debt%20Profile) Total outstanding loans increased to $3.875 billion, with 99.9% being unsecured, and no defaults occurred during the period Outstanding Loan Analysis (Million USD) | Category | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **By Nature** | | | | Senior Unsecured Notes | 1,984 | 1,982 | | Bank Loans | 1,885 | 1,318 | | **Total** | **3,875** | **3,310** | | **By Region** | | | | North America | 1,984 | 1,983 | | China | 1,722 | 1,099 | | Europe | 169 | 228 | - As of June 30, 2025, **99.9%** of the group's loans were unsecured, with no defaults occurring during the period[29](index=29&type=chunk) [Leverage Ratios](index=11&type=section&id=Leverage%20Ratios) Leverage ratios increased, with the net debt-to-equity ratio rising from 11.0% to 17.0%, reflecting the increase in total loans Changes in Leverage Ratios | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Debt-to-Equity Ratio | 32.2% | 29.1% | | Net Debt-to-Equity Ratio | 17.0% | 11.0% | | Debt-to-EBITDA Ratio | 1.2x | 1.1x | | Net Debt-to-EBITDA Ratio | 0.6x | 0.4x | [Financial Costs](index=11&type=section&id=Financial%20Costs) Despite an increase in total loans, financial costs remained stable at $74 million due to a decrease in the average interest rate on outstanding loans to 2.74% - Despite an increase in total loans, financial costs remained stable at **$74 million** due to a decrease in applicable loan interest rates, with the average interest rate on outstanding loans falling from **2.95%** to **2.74%**[32](index=32&type=chunk) [Human Resources](index=12&type=section&id=Human%20Resources) As of the reporting period end, the group employed approximately 100,000 people globally, with total compensation expenses rising by 6.1% to $2.131 billion due to wage inflation and share-based compensation - As of June 30, 2025, the group employed approximately **100,000 employees** globally, with **46,000** in China, **35,000** in North America, and **19,000** in Europe[33](index=33&type=chunk) - Total compensation expenses for the period were **$2.131 billion**, a **6.1%** year-on-year increase, primarily influenced by global wage inflation and share-based compensation[34](index=34&type=chunk) [Biological Assets](index=12&type=section&id=Biological%20Assets) The fair value of the group's biological assets was $1.343 billion, with a net gain of $62 million from fair value adjustments, lower than the prior year's gain Biological Assets Quantity and Value | Category | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Hogs (Ten Thousand Heads) | 1,080 | 1,260 (Estimated) | | Total Poultry (Ten Thousand Birds) | 3,270 | 2,170 (Estimated) | | **Fair Value (Million USD)** | **1,343** | **1,441** | - During the reporting period, the net impact of biological fair value adjustments on profit or loss was a gain of **$62 million**, compared to a gain of **$96 million** in the prior period[35](index=35&type=chunk) [Major Investments and Restructuring Activities](index=13&type=section&id=Major%20Investments%20and%20Restructuring%20Activities) The group undertook strategic initiatives including forming US joint ventures for hog supply, restructuring US western operations, and acquiring a controlling stake in Spain's Argal to bolster European growth - Established two joint ventures in the US, Murphy Farms and VisionAg Hog Production, to secure a stable annual supply of approximately **3.8 million hogs**[36](index=36&type=chunk)[37](index=37&type=chunk) - Continued restructuring of US western operations to address persistently rising operating costs in certain regions[38](index=38&type=chunk) - Completed the acquisition of a **50.1%** equity stake in Spanish meat product producer Argal, aiming to establish it as the group's growth platform in Spain and Europe[41](index=41&type=chunk) [Capital Expenditures](index=14&type=section&id=Capital%20Expenditures) Total capital expenditures for the period were $290 million, a decrease from $349 million in the prior year, with investments focused on production facilities in China, North America, and Europe Capital Expenditures by Region (Million USD) | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | China | 73 | 117 | | North America | 158 | 173 | | Europe | 59 | 59 | | **Total** | **290** | **349** | - Capital expenditures were primarily allocated to the construction, renovation, and modernization of production plants and related facilities[43](index=43&type=chunk)[46](index=46&type=chunk) [Key Risks and Their Management](index=15&type=section&id=Key%20Risks%20and%20Their%20Management) The group manages risks such as commodity price volatility, currency and interest rate fluctuations, and contingent liabilities, including ongoing antitrust litigation in the US [Commodity Price Risk](index=15&type=section&id=Commodity%20Price%20Risk) The group mitigates commodity price volatility for hogs, pork, and corn through effective inventory management, cost pass-through, overseas imports, and hedging in active markets - The group mitigates the impact of price fluctuations in commodities like hogs, pork, and corn through effective inventory management, cost pass-through, overseas imports, and hedging in active markets[48](index=48&type=chunk) [Currency and Interest Rate Risk](index=16&type=section&id=Currency%20and%20Interest%20Rate%20Risk) The group manages currency risk by settling in local currencies and hedging significant exposures, while optimizing its debt portfolio with 91.8% fixed-rate loans to manage interest rate risk - The group mitigates currency risk by settling in local currencies across regions and actively monitoring and hedging significant foreign exchange exposures, while managing interest rate risk by optimizing its debt portfolio, with approximately **91.8%** of loans at fixed rates by period-end[49](index=49&type=chunk) [Contingent Liabilities](index=16&type=section&id=Contingent%20Liabilities) Smithfield faces ongoing antitrust lawsuits in the US, having settled collective claims for $194 million, with 22 individual cases still pending active defense - Smithfield faces antitrust lawsuits in the US, having paid approximately **$194 million** to settle all collective claims, with **22 individual cases** still pending and the company intending to actively defend against them[51](index=51&type=chunk) [Sustainability](index=17&type=section&id=Sustainability) The group integrates sustainability into its governance through a board-level ESG committee, maintaining an A+ rating on the Hang Seng Corporate Sustainability Index and a BBB ESG rating from MSCI - The group has a board-level Environmental, Social, and Governance (ESG) Committee responsible for setting sustainability goals and guiding development strategies[52](index=52&type=chunk) - The company remains a constituent of the Hang Seng Corporate Sustainability Index with an **A+** rating, and MSCI maintains its **BBB** ESG rating[53](index=53&type=chunk) [Outlook](index=17&type=section&id=Outlook) Management plans to focus on core meat products, drive transformation in China, maintain profitability in the US, expand in Europe, and enhance pork business efficiency, aiming for stable performance and shareholder returns amidst global uncertainties - Future strategic priorities include product and channel transformation in China, maintaining high profitability in the US, scaling up and enhancing profit contribution in Europe, and improving hog farming metrics and processing efficiency for the pork business[55](index=55&type=chunk) [Condensed Consolidated Financial Statements](index=18&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the group's condensed consolidated financial statements, including the income statement, balance sheet, and cash flow statement, for the reporting period [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=18&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The group reported revenue of $13.387 billion, a profit for the period of $919 million, and profit attributable to owners of $788 million, resulting in basic earnings per share of 6.14 cents [Condensed Consolidated Statement of Financial Position](index=20&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets were $20.846 billion, total liabilities were $8.795 billion, and net assets were $12.051 billion, with a current ratio of 1.9 times [Condensed Consolidated Statement of Cash Flows](index=22&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash generated from operating activities was $767 million, while investing and financing activities resulted in net cash outflows of $829 million and $147 million respectively, leading to a period-end cash balance of $1.832 billion [Notes to the Condensed Interim Consolidated Financial Information](index=23&type=section&id=Notes%20to%20the%20Condensed%20Interim%20Consolidated%20Financial%20Information) This section provides detailed notes to the condensed interim consolidated financial information, offering further insights into segment performance and dividend declarations [Segment Information](index=24&type=section&id=Segment%20Information) This note details revenue and profit data by business segment (Meat Products, Pork, Other) and region (China, North America, Europe), highlighting North America as the largest contributor and Pork as the primary driver of profit growth Segment Revenue and Profit for H1 2025 (Million USD) | Segment | Region | External Revenue | Reportable Segment Profit | | :--- | :--- | :--- | :--- | | **Meat Products** | | **6,640** | **1,047** | | | China | 1,531 | 411 | | | North America | 4,102 | 569 | | | Europe | 1,007 | 67 | | **Pork** | | **5,623** | **255** | | | China | 1,795 | 28 | | | North America | 3,279 | 163 | | | Europe | 549 | 64 | | **Other** | | **1,124** | **(43)** | [Dividends](index=28&type=section&id=Dividends) The board proposed an interim dividend of HKD 0.20 per share for the six months ended June 30, 2025, double the prior year's dividend, payable around September 30, 2025 - The Board proposed an interim dividend of **HKD 0.20 per share** for 2025, double the **HKD 0.10 per share** paid in the prior period of 2024[78](index=78&type=chunk) [Other Information](index=36&type=section&id=Other%20Information) This section covers additional corporate governance and financial details, including the Audit Committee's review and the interim dividend announcement [Audit Committee](index=36&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, reviewed the group's interim results, internal controls, and financial reporting matters - The company's Audit Committee, composed of three independent non-executive directors, reviewed the interim results for the period in conjunction with management[95](index=95&type=chunk) [Interim Dividend](index=37&type=section&id=Interim%20Dividend) The Board proposed an interim dividend of HKD 0.20 per share, totaling approximately $327 million, payable around September 30, 2025, with relevant record date arrangements announced - The Board proposed an interim dividend of **HKD 0.20 per share**, totaling approximately **$327 million**, expected to be paid around September 30, 2025[99](index=99&type=chunk)