WH GROUP(00288)2024-10-29 09:28Financial Performance - Revenue declined by 3.2% to 19,488 million[1] - Operating profit increased by 71.4% to 1,047 million[1] - Profit attributable to the company's owners rose by 90.0% to 569 million[1] - Basic earnings per share increased by 90.0% to 8.43 cents from 4.43 cents[1] - The total assets increased to 19,179 million year-on-year[1] - The financial data for the nine months ending September 30, 2024, has not been audited but has been reviewed by the Board's Audit Committee[9] Market Trends - Meat product sales decreased by 4.4% and pork sales decreased by 7.6% compared to the previous year[1] - Average pig prices in China rose by 9.7% to RMB 16.91 per kg, while in the US, prices increased by 1.3% to $1.41 per kg[3] - In Europe, average pig prices decreased by 8.1% to €1.62 per kg due to increased production[3] Strategic Plans - The company expects core meat product business financial performance to remain strong, with significant growth in pork business financial performance anticipated[8] - The company plans to adjust product structure, expand sales networks, manage prices, and reduce costs to adapt to market changes[8] Leadership - The executive directors of the company include Mr. Wan Long, Mr. Guo Lijun, Mr. Wan Hongwei, Mr. Ma Xiangjie, and Mr. Charles Shane Smith[10] - 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[10]