2025-10-28 09:30Financial Performance - Revenue increased by 8.5% to $20,477 million compared to $18,866 million in the previous year[4] - Operating profit rose by 7.3% to $1,926 million from $1,795 million year-on-year[4] - Profit attributable to the company's owners increased by 8.0% to $1,168 million, with basic earnings per share rising to 9.10 cents from 8.43 cents[4] - Total assets increased to $22,014 million from $19,841 million year-on-year[3] Sales and Market Trends - Total meat product sales volume decreased by 2.2%, while pork sales volume increased by 8.4%[3] - In North America, pork sales volume increased by 5.1%, contributing to a 12.0% rise in pork revenue[11] - Average pig prices in China fell by 10.7% to RMB 15.1 per kg, while in the US, prices rose by 13.2% to $1.60 per kg[6] Strategic Focus and Goals - The company plans to focus on core meat products and improve operational efficiency in pork processing[13] - The company aims to enhance profitability through key performance indicators in pig farming and increasing the added value of pork products[13] Corporate Governance and Leadership - The executive directors include Mr. Wan Long, Mr. Guo Lijun, Mr. Wan Hongwei, and Mr. Ma Xiangjie, highlighting the leadership team[14] - The non-executive director is Mr. Jiao Shuge, which may indicate governance structure[14] - Independent non-executive directors include Mr. Huang Ming, Mr. Liu Zhantian, and Ms. Zhou Hui, ensuring independent oversight[14] Financial Review and Future Outlook - The financial data for the nine months ending September 30, 2025, has not been audited but has been reviewed by the Board's Audit Committee[14] - The announcement date is October 28, 2025, indicating the timeliness of the financial review[14] - The financial performance summary is pending further details, suggesting a focus on future disclosures[14] - Future outlook and performance guidance are not mentioned, suggesting uncertainty in projections[14] Operational Insights - No specific user data or performance metrics were provided in the document, indicating a lack of detailed operational insights[14] - There are no updates on new product or technology developments, indicating a potential area for future announcements[14] - Market expansion and acquisition strategies are not discussed, which may reflect current strategic priorities[14] Corporate Actions - The company completed a secondary offering of Smithfield Foods, raising approximately $505 million[12]