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万洲国际(00288) - 2025 Q1 - 季度业绩
00288WH GROUP(00288)2025-04-29 09:16
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Sales Performance - Meat product sales decreased by 9.2% to 714,000 tons, while pork sales increased by 4.4% to 982,000 tons[4] - Revenue increased by 6.0% to 6,554million,drivenbyariseinporksales[4]−Thecompany′sporkrevenueincreasedby14.26,554 million, driven by a rise in pork sales[4] - The company's pork revenue increased by 14.2%, with operating profit improving significantly to 131 million from a loss of 27millioninthecomparativeperiod[10]−ThedeclineinmeatproductsalesinChinawasattributedtoinsufficientmarketdemandandongoingproductandchanneltransformationefforts[9]Profitability−Operatingprofitroseby19.427 million in the comparative period[10] - The decline in meat product sales in China was attributed to insufficient market demand and ongoing product and channel transformation efforts[9] Profitability - Operating profit rose by 19.4% to 598 million, reflecting improved efficiency[4] - Profit attributable to the company's owners increased by 20.9% to 364million,withbasicearningspersharerisingto2.84cents[4]−ThecompanyachievedrobustnetprofitgrowthinQ12025andaimstofocusoncoremeatproductswhileexpandinginEuropeandenhancingprofitability[12]MarketConditions−InChina,averagelivepigpricesincreasedby7.3364 million, with basic earnings per share rising to 2.84 cents[4] - The company achieved robust net profit growth in Q1 2025 and aims to focus on core meat products while expanding in Europe and enhancing profitability[12] Market Conditions - In China, average live pig prices increased by 7.3% to RMB 15.99 per kg, while in the US, prices rose by 14.1% to 1.44 per kg[5] - In Europe, average pork prices fell by 11.8% to €1.87 per kg due to foot-and-mouth disease outbreaks affecting supply[5] Financial Position - The company reported total assets of 21,402million,upfrom21,402 million, up from 19,841 million in the previous period[4] Strategic Initiatives - The company aims to optimize slaughter volumes based on local market conditions as part of its operational strategy[10] - Smithfield intends to strengthen its pork business and improve operations in pig farming and slaughtering value-add[12] - The company is committed to a strategy of industrialization, diversification, globalization, and digitization to navigate economic uncertainties[12] Shareholder Returns - Smithfield Foods completed its IPO with 26,086,958 shares at 20.00pershare,raisingapproximately20.00 per share, raising approximately 534 million net cash after expenses[11] - The company plans to distribute a special cash dividend of HKD 0.18 per share, totaling approximately HKD 23.09 billion (about 2.97million)toshareholders[11]−SmithfieldFoodswillalsodistributeaspecialdividendofapproximatelyHKD2.15billion(about2.97 million) to shareholders[11] - Smithfield Foods will also distribute a special dividend of approximately HKD 2.15 billion (about 28 million) in shares or cash options[11] Audit and Review - The financial data for the three months ending March 31, 2025, has been reviewed by the board's audit committee but not audited[13]