Financial Performance - Revenue declined by 4.5% to $19,488 million, and operating profit fell by 36.4% to $1,047 million[1] - Profit attributable to the company's owners (before biological fair value adjustment) decreased by 37.7% to $569 million, with basic earnings per share dropping by 37.7% to 4.43 cents[1] - The company's operating loss in the U.S. and Mexico was $551 million, compared to an operating profit of $85 million in the previous period[7] - The company expects continued pressure on short-term financial performance due to unfavorable operating conditions and high production costs[8] Sales and Market Trends - Meat product sales decreased by 1.9% to 2,387 thousand tons, while pork sales decreased by 0.7% to 2,961 thousand tons[1] - In China, pork sales increased by 7.4% due to expanded production, while sales in the U.S. and Mexico decreased by 4.5% due to business restructuring[7] - Average pig prices in China fell by 10.6% to RMB 15.42 per kg ($2.19), while in the U.S., prices dropped by 17.7% to $1.40 per kg due to weak demand[3] - In Europe, the average carcass price increased by 29.3% to €2.34 per kg ($2.54) due to tightening supply[3] - European operations improved significantly, with an operating profit of $61 million compared to an operating loss of $18 million in the previous period[7] Corporate Governance and Oversight - The financial data for the nine months ending September 30, 2023, has not been audited but has been reviewed by the board's audit committee[9] - The executive directors of the company include Mr. Wan Long, Mr. Guo Lijun, Mr. Wan Hongwei, Mr. Ma Xiangjie, and Mr. Charles Shane Smith[9] - The non-executive director is Mr. Jiao Shuge, while the independent non-executive directors are Mr. Huang Ming, Mr. Liu Zhantian, and Ms. Zhou Hui[9] - The board of directors is actively involved in overseeing the financial performance and strategic direction of the company[9] - The review process is part of the company's governance framework to maintain transparency and accountability[9] Strategic Focus and Future Outlook - The company plans to focus on restructuring its industry value chain and expanding its sales network while managing prices and controlling costs[8] - The company is committed to ensuring the accuracy of the financial information presented to stakeholders[9] - The financial results will provide insights into the company's operational efficiency and market positioning[9] - The company is focused on enhancing shareholder value through strategic financial management[9] - The financial data will be crucial for future investment and corporate decision-making processes[9] - The announcement date is October 24, 2023, indicating the timeliness of the financial review[9]

Financial Performance - Total revenue for the first half of 2023 was $13,116 million, a decrease of 2.1% compared to $13,398 million in the same period of 2022[8]. - Operating profit fell by 47.2% to $639 million from $1,211 million year-on-year[8]. - Profit attributable to the company's owners (before biological fair value adjustments) decreased by 45.4% to $383 million from $701 million in the previous year[8]. - Basic earnings per share (before biological fair value adjustments) dropped by 45.2% to 2.99 cents from 5.46 cents[8]. - Total revenue for the first half of 2023 decreased by 2.1% to $13.116 billion, primarily due to reduced meat product revenue in China and the United States[14]. - Operating profit fell by 47.2% to $639 million, largely attributed to losses in the pork segment[14]. - Gross profit for the same period was $2,026 million, down 22.8% from $2,623 million year-on-year[47]. - Net profit for the six months ended June 30, 2023, was $502 million, a decrease of 40.0% compared to $837 million in the prior year[48]. - Basic earnings per share for the period was 3.27 cents, down from 5.92 cents in the same period last year[48]. - The group reported a pre-tax profit of $657 million for the first half of 2023, compared to $1,155 million in the same period of 2022[70]. - The total comprehensive income for the six months ended June 30, 2023, was $490 million, compared to $578 million for the same period in 2022, reflecting a decrease of approximately 15.2%[51]. Sales and Market Performance - Pork sales volume decreased by 0.2% to 2,026 thousand tons, while meat product sales volume fell by 0.9% to 1,597 thousand tons[7]. - The business in China accounted for 34.2% of total revenue and 81.4% of operating profit, compared to 32.6% and 44.3% respectively in the previous period[9]. - The business in the US and Mexico contributed 53.4% of total revenue and 5.6% of operating profit, down from 57.2% and 51.1% respectively[9]. - Pork revenue increased by 0.5% to $5.580 billion, with notable growth in China (4.5%) and Europe (22.4%), while revenue in the U.S. and Mexico decreased by 5.0%[18]. - In the U.S., pork and offal export volume rose by 17.9%, with exports to China increasing by 26.7%[11]. - The European segment generated total revenue of $2,014 million, with a profit of $83 million, indicating a stable performance in that region[67]. Operational Insights - The meat products segment accounted for 50.7% of total revenue and 167.1% of operating profit, highlighting its core importance to the company[14]. - Operating loss in the pork business was $409 million, compared to an operating profit of $124 million in the previous period[19]. - Operating profit in the U.S. increased by 7.2% to $578 million despite a revenue decline, due to lower raw material costs and improved operational efficiency[17]. - The company plans to continue focusing on market expansion and product innovation to enhance its competitive position in the global pork industry[9]. - The company plans to continue expanding its sales network and product offerings to adapt to market conditions and consumer preferences[15]. Financial Position and Debt - Cash and bank balances as of June 30, 2023, were $828 million, down from $1.394 billion at the end of 2022[22]. - Total outstanding loans amounted to $3.468 billion as of June 30, 2023, compared to $3.395 billion at the end of 2022[25]. - 99.7% of loans were unsecured as of June 30, 2023, with no defaults on bank loan repayments during the review period[26]. - The company maintained a current ratio of 1.6 as of June 30, 2023, consistent with the previous period[22]. - As of June 30, 2023, the company's debt-to-equity ratio was 33.2% and the net debt-to-equity ratio was 25.2%, compared to 32.3% and 18.9% as of December 31, 2022[27]. - Financial costs for the review period amounted to $85 million, an increase of 7.6% compared to the previous period, primarily due to higher applicable interest rates on bank loans[28]. Investments and Acquisitions - The company completed the acquisition of 100% of Goodies Meat Production S.P.L. in February 2023, enhancing its existing business in Europe[31]. - Capital expenditures for the review period were $448 million, with significant investments in China, the U.S. and Mexico, and Europe[34]. - The company has established a provision of $194 million to settle all collective claims related to antitrust litigation in the U.S.[40]. Legal and Regulatory Matters - The company is actively defending against 37 ongoing individual claims related to antitrust issues[40]. - Smithfield Foods, a wholly-owned subsidiary of the company, is involved in antitrust litigation with claims dating back to 2009, alleging price-fixing in the pork industry[104]. - The company agreed to a settlement of $77 million for direct buyer class claims, which was approved by the Minnesota federal court[105]. - Currently, there are 37 individual cases against the company, with three cases filed by federal or state representatives seeking compensation based on consumer purchases[105]. Sustainability and Corporate Governance - The company is committed to providing sustainable protein options while monitoring the impact of operations on the environment and community[41]. - The company has established an Environmental, Social, and Governance (ESG) committee to guide its sustainability goals[41]. - The company is subject to various laws and regulations, with ongoing assessments of legal claims that may impact cash flow and liquidity[103]. - The company has adhered to all applicable code provisions of the corporate governance code throughout the review period[146]. - The audit committee consists of three independent non-executive directors, ensuring oversight of the group's interim performance and internal controls[147]. Future Outlook - The company provided a positive outlook for the second half of 2023, expecting a revenue growth of 10% to 12%[150]. - New product launches are anticipated to contribute an additional HKD 1 billion in revenue by the end of 2023[151]. - Market expansion plans include entering two new international markets by Q4 2023, projected to increase market share by 5%[151]. - The company aims to reduce operational costs by 8% through efficiency improvements in the next fiscal year[150].

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） 截至二零二三年六月三十日止六個月 未經審核中期業績公告 摘要 | --- | --- | --- | --- | --- | |---------------------------------------------|-----------------------------------------------------------------------------|---------------------------|----------------------------------------------------------------------------------------------------|----------------------------| | 肉製品銷量 ...

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） 截至二零二三年三月三十一日止三個月 未經審核綜合季度業績 萬洲國際有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」）截至二零二三年三月三十一日止三個月（「本期間」）未經審核的綜合業 績。本公司自願發出本公告，以加強良好企業管治，並進一步提升本公司的透明度和問 責性。 摘要 截至三月三十一日止三個月 二零二三年 二零二二年 肉製品銷量（千公噸） 820 828 豬肉銷量（千公噸） 1,021 1,033 截至三月三十一日止三個月 二零二三年 二零二二年 生物公允價值 生物公允價值 生物公允價值 生物公允價值 調整前的業績 調整後的業績 調整前的業績 調整後的業績 百萬美元 百萬美元 （另有說明除外） （另有說明除外） 收入 6,743 6 ...

年 報 2022 5 ...

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） 截至二零二二年十二月三十一日止年度 全年業績公告 摘要 二零二二年 二零二一年 肉製品銷量（千公噸） 3,344 3,320 豬肉銷量（千公噸） 4,019 4,362 二零二二年 二零二一年 生物公允價值 生物公允價值 生物公允價值 生物公允價值 調整前的業績 調整後的業績 調整前的業績 調整後的業績 百萬美元 百萬美元 （另有說明除外） （另有說明除外） 收入 28,136 28,136 27,293 27,293 息稅折舊及攤銷前利潤 3,157 3,103 2,476 2,518 經營利潤 2,093 2,093 1,966 1,966 本公司擁有人應佔利潤 1,401 1,370 1,043 1,068 每股基本盈利（美仙） 10.92 10.68 7.37 7.55 ...