|Mar 27, 2017|
|Mar 27, 2017|
Currency in HKD
|Full time employees:||--|
WH Group Ltd. is an investment holding company, which engages in the production and sale of packaged meats, fresh pork and hog products. It operates its business through the following segments: Packaged Meat Products, Fresh Pork and Hog Production. The Packaged Meat Products segment represents production, wholesale, and retail sales of low temperature and high temperature meat products. The Fresh Pork segment engages in the hog slaughtering, wholesale, and retail sales of fresh and frozen meat. The Hog Production segment involves hog farming. The firm also engages in the slaughtering and sales of poultry, sales of ancillary products and services such as provision of logistics services, sales of flavoring ingredients, internally-produced packaging materials, imported meat products as well as retail business, and biopharmaceuticals. The company was founded on March 2, 2006 and is headquartered in Hong Kong.
China's WH Group is the world's largest pork producer. It engages in production and distribution of raw pork and meat products, as well as pig farming. Its production bases in China, the U.S. and Europe provide meat to the Chinese market, the world's largest pork consumer.
Its origins can be traced back to a meat processing plant built in Henan province in April 1969. The success of its first brand sausages, released in February 1992, helped the company to expand its business. In the same year, the company with investors from six countries founded Shuanghui International, the predecessor of WH Group.
It built a sales office in Japan in 2011 and changed to its current name in January 2014. It has meat processing plants in 13 provinces in China, and four plants are under construction. It processes 4 million tons of pork each year.
It has expanded its international network. In September 2013, the company acquired Smithfield Foods, the largest pork processing company in the U.S., for $7.1 billion. In Asia, its subsidiary Henan Shuanghui Investment & Development supplies meat to Japan, Singapore and the Philippines, as well as China.
In the news
March 24, 2017 10:35 pm JST
March 23, 2017 9:52 pm JST
March 23, 2017 7:52 pm JST
Steadier Wall Street pushes Hang Seng to 5th gain in 6 sessiions
March 23, 2017 3:06 pm JST
March 22, 2017 8:12 pm JST
March 13, 2017 9:27 pm JST
March 13, 2017 7:56 pm JST
- Local currency
- US Dollar
|Income before tax||12,963.30M|
|Dividends per share||0.26|
|Operating cash flow||14,360.54M|
Currency in HKD
|Income before tax||1,669.99M|
|Dividends per share||0.03|
|Operating cash flow||1,849.99M|
Currency in USD
- Executive Chairman & Chief Executive Officer: Long Wan
- CFO, Executive Director & Executive Vice President: Gordon Lijun Guo
- Secretary & Chief Legal Officer: Ho Chau
- Rise Grand Group Ltd.(36.0%)
- WAN LONG(9.3%)
- CDH Investments Management (Hong Kong) Ltd.(9.2%)
- Invesco Advisers, Inc.(1.4%)
- The Vanguard Group, Inc.(1.0%)
- Norges Bank Investment Management(0.9%)
- Genesis Investment Management LLP(0.9%)
- BlackRock Fund Advisors(0.7%)
- Boston Partners Global Investors, Inc.(0.6%)
- Investec Asset Management Ltd.(0.6%)
- Website: http://www.wh-group.com
- Address: Unit 7602B-7604A, Level 76, International Commerce, Hong Kong, Hong Kong
- Phone: +852.2868.2828
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.