Asia300

WH Group Ltd. (HK)

Hong Kong

  • 1m
  • 3m
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Apr 21, 2017
Prev close: 6.94
Apr 21, 2017
Market cap:
Market cap(USD):
101,678M
13,075.9M
Shares: 14,651.1M

Currency in HKD

Company profile

Market(Ticker): HKG(288)
Sector:
Industry:
Consumer Non-Durables
Food: Specialty/Candy
Full time employees: 104,000

Business summary

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.

Company background

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

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 167,156.74M
Gross profit 33,712.34M
Operating income 14,244.10M
Income before tax 12,963.30M
Net income 8,041.90M
EBITDA 17,131.74M
Diluted EPS 0.56
Dividends per share 0.26
Total assets 105,528.12M
Total liabilities 50,899.42M
Total equity 48,968.89M
Operating cash flow 14,492.50M

Currency in HKD

Revenue 21,533.99M
Gross profit 4,342.99M
Operating income 1,834.99M
Income before tax 1,669.99M
Net income 1,035.99M
EBITDA 2,206.99M
Diluted EPS 0.07
Dividends per share 0.03
Total assets 13,610.99M
Total liabilities 6,564.99M
Total equity 6,315.99M
Operating cash flow 1,866.99M

Currency in USD

Valuation measures

Dec 2016

PER 10.65
ROA 7.43%
ROE 17.17%
Operating margin 8.52%
Profit margin 4.81%

Key executive

  • Executive Chairman & Chief Executive Officer: Long Wan
  • CFO, Executive Director & Executive Vice President: Gordon Lijun Guo
  • Secretary & Chief Legal Officer: Ho Chau

Share holders

  • 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.(1.1%)
  • 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%)

Address

  • Website: http://www.wh-group.com
  • Address: Unit 7602B-7604A, Level 76, International Commerce, Hong Kong, Hong Kong
  • Phone: +852.2868.2828

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