中国必需消费品_猪肉_首次关注_2025 年第二季度运营利润超预期；中国包装肉制品前景向好；美国生猪产量指引上调-China Consumer Staples_ Pork First Take_ 2Q25 OP beat; better packaged meat outlook in China; US hog production guidance raised

13 August 2025 | 1:53AM HKT China Consumer Staples: Pork First Take: 2Q25 OP beat; better packaged meat outlook in China; US hog production guidance raised WH group and Shuanghui reported 2Q25 results and hosted a results briefing after market close on 12 Aug. WH group 2Q25 revenue increased by 12% yoy to US$6,834mn, 2% above GSe mainly on higher US hog production partially offset by weaker fresh pork sales in China. EBIT increased by 3% yoy to US$656m, 6% above GSe on lower SG&A expenses and better profita ...