万洲国际(00288) - 2023 Q1 - 季度业绩

Sales Performance - Meat product sales decreased by 1.0% to 820,000 tons, while pork sales fell by 1.2% to 1,021,000 tons compared to the same period last year[1]. - The company experienced a 3.5% decrease in meat product revenue, primarily due to declining consumer demand in the U.S.[5]. Financial Results - Revenue increased by 2.9% to $6,743 million, but operating profit dropped by 43.1% to $365 million[1]. - Profit attributable to the company's owners (before biological fair value adjustment) decreased by 55.9% to $174 million, with basic earnings per share down 55.8% to 1.36 cents[1]. - The company recorded an operating loss of $170 million in the pork segment, compared to an operating profit of $45 million in the same period last year[6]. Market Conditions - Average pig prices in China rose by 12.0% to approximately $2.29 per kg, while in the U.S., prices fell by 16.0% to $1.27 per kg due to weak demand[2]. - In Europe, pork prices increased significantly due to limited supply, with average prices rising by 46.0% to approximately $2.35 per kg[2]. Strategic Focus - The company plans to focus on optimizing its industry value chain and implementing strict product structure adjustments, price management, and cost control in response to market challenges[7]. - The company aims to leverage its global business deployment to better allocate resources and create synergies amid a highly uncertain external environment[7]. Asset Management - The total assets as of March 31, 2023, increased to $20,372 million from $19,855 million at the end of 2022[1].