万洲国际_亚太消费 & 休闲企业日_2025 年第四季度及 2026 年增长稳健；股东回报为长期承诺；买入

10 January 2026 | 4:20PM HKT Equity Research More details within. Valerie Zhou +852-2978-0820 | valerie.zhou@gs.com Goldman Sachs (Asia) L.L.C. Leaf Liu +852-3966-4169 | leaf.liu@gs.com Goldman Sachs (Asia) L.L.C. Christina Liu +852-2978-6983 | christina.liu@gs.com Goldman Sachs (Asia) L.L.C. We hosted an online meeting with WH Group on Jan 9 during our APAC Consumer Corp Day. Key Takeaways include: 1) 4Q25 update: China business: mgmt see LSD% volume growth in packaged meat business and stable unit profits ...