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WH Group

China stock market

WH Group to gain US$467 million from sale of food spices unit to French firm

The sale to French group Solina is expected to generate a US$467 million gain before costs and expenses, WH Group says in an exchange filing.

4 Oct 2022 - 3:01PMvideocam

Hong Kong stock market

Meituan rebound lifts Hang Seng as Premier Li calls for growth policies

17 Aug 2022 - 5:11PMvideocam

China stock market

Chinese pork stocks recede as top planning body moves to rein in hog prices

6 Jul 2022 - 7:30PMvideocam

China stock market

Alibaba lifts Hang Seng as China takes steps to spur economy, lower cases

Stocks trimmed losses in April on optimism China will put under control Covid-19 outbreaks in major mainland cities. Premier Li called for measures to reduce supply-chain disruptions.

28 Apr 2022 - 4:55PMvideocam

An investor watchs an electronic board showing stock prices in Huaibei, in eastern Chinese province of Anhui. Photo: Shutterstock

Stocks

Hong Kong stocks hold near 4-week low on Shanghai Covid record, Fed outlook

Stocks in Hong Kong struggled to break out from a four-week low as record Covid-19 cases in Shanghai dimmed hopes for a quick exit from lockdown.

13 Apr 2022 - 5:05PMvideocam

Hong Kong stock market

WH Group posts 7.2 per cent jump in 2021 profit, but outlook clouded by war

WH Group warned that the Ukraine-Russia war will push costs up and affect profitability, after reporting a 7.2 per cent jump in annual profit on higher sales.

28 Mar 2022 - 8:38PMvideocam

Smithfield Foods

WH Group loses US$1.4 billion in value as feud engulfs Chinese pork empire

Media reports citing former director Wan Hongjian said the company founder and former CFO took decisions that led to financial losses. The world’s biggest pork producer denied the allegations.

18 Aug 2021 - 9:40PM

Some of the products made by Smithfield Foods, owned by WH Group, on display during a news conference in Hong Kong. Photo: Nora Tam

Food and agriculture

Chinese pork tycoon quits, leaving firm in non-family hands after son’s sacking

Wan Long, the founder of WH Group, has stepped down as chief executive, leaving his empire in the hands of non-family members after his son was fired two months ago for ‘aggressive behaviour’.

13 Aug 2021 - 6:00AMvideocam

China food safety

Chinese pork giant fires chairman’s son over aggressive behaviour

Wan Hongjian, 52, was stripped of his roles as executive director, deputy chairman and vice-president of WH Group because of his recent misconduct and aggressive behaviour, company says in exchange filing.

18 Jun 2021 - 8:56AMvideocam

Smithfield Foods

WH Group offers to buy back US$1.93 billion of stock at premium to market

Wan Long, the 81-year-old chairman and CEO, says the offer will allow investors to either cash in their investment or enjoy higher a return. The stock has underperformed the Hang Seng Index this year and in 2020.

7 Jun 2021 - 10:21PMvideocam

WH Group has operations in both mainland China and the US, running pig farms and selling pork and other meat products. Photo: Reuters

Coronavirus pandemic

WH Group’s US pork processing plant reopens amid coronavirus controversy

Smithfield Foods, a US unit of China’s biggest pork company, has reopened its processing facility despite a coronavirus outbreak in meat plants across America.

8 May 2020 - 1:14AM

Smithfield Foods is reopening its South Dakota plant in the US in stages after President Donald Trump ordered the nation’s meat processing facilities to stay open to meet food shortages. Photo: Reuters

Hong Kong stock market

Hong Kong stocks post best gain in a month – Tencent, WH Group jump

“The virus spread seems under control in Hong Kong and China,” said Alan Li, portfolio manager at Atta Capital. That boosted sentiment for stock buying.

25 Oct 2020 - 5:12PM

Stocks

Stocks Blog: Hang Seng Index gains, with Tencent, WH Group rising; in mainland, Kweichow Moutai tumbles 3 per cent

Meituan Dianping jumps on Q3 revenue beat; Kasen International soars nearly 500 per cent after rebuttal to short seller attack.

24 Nov 2019 - 4:47PM

Stocks

Stocks Blog: Hang Seng Index drops on US-China trade concerns; Tencent, WH Group and Sunny Optical fall

Donald Trump reportedly will sign legislation supporting Hong Kong protesters. That could upend progress on phase one US-China trade deal.

24 Nov 2019 - 4:50PM

Cleanup is under way in Hong Kong. Here workers clear protest-related debris from a footbridge at the Cross-Harbour Tunnel. Photo: K.Y. Cheng

Stocks

Stocks Blog: HSBC drops again, WH Group posts big gain on strong profit results in Hong Kong

Shanghai snaps two-day winning streak, ending day down by 0.9 per cent

29 Oct 2019 - 5:15PM

WH Group, the world's largest pork processor, soared in Hong Kong after posting strong results for the first nine months of the year. Photo: Reuters

Stocks

Stocks Blog: Big gains by WH Group, Anta Sports can't ignite Hong Kong markets

City's benchmark has struggled for direction all day even, weighed down by China Mobile and HKEX

27 Aug 2019 - 7:32PM

Smithfield Foods

World’s largest pork producer diversifies its way through trade war

The African swine fever that spread to China just over a year ago has led to the mass culling of pigs, slashing the number of China’s breeding sows by 26.7 per cent at the end of June from a year earlier.

13 Aug 2019 - 9:00PM

African swine fever

Pork prices likely to stay high in China – but that’s good for WH Group

Sustained high prices is music to the ears of the WH Group, the world’s largest producer of the meat and owner of Smithfield Foods of Virginia.

5 Jun 2019 - 5:06AM

Hong Kong’s government ordered a cull of 6,000 pigs to prevent the spread of African swine fever. Photo: Warton Li

US-China trade war

Pork producer WH Group calls for end of trade war as profit drops

WH Group, owner of Smithfield Foods, said falling prices and higher mainland tariffs on US shipments led to a profit result of US$1.05 billion for 2018.

16 Mar 2019 - 1:53AM

Hong Kong company reporting season

Profit of China’s top ‘butcher’ falls as trade war hurts US business

The company says its US unit will increase exports to countries like Japan and South Korea as the trade war continues

14 Aug 2018 - 10:43PMvideocam

Hong Kong company reporting season

Pork producer WH Group reports worse than expected net profit

14 Aug 2017 - 10:38PM

Hong Kong company reporting season

Pork giant WH less likely hit by a Trump trade war with China, says chairman

22 Mar 2017 - 11:34PM

WH Group recorded a net profit of US$1 billion for 2016, up from US$866 million a year earlier. Photo: Reuters

WH Group offers ADRs in US to expand investor exposure

18 Jan 2017 - 10:19AM

Mergers & Acquisitions

WH Group agrees to buy California's largest pork processor for US$145 million

22 Nov 2016 - 5:20PM

Shuanghui International

Chinese pork giant WH Group may eye major acquisitions by end of 2017

20 Nov 2016 - 10:29PM

WH Group took on hefty debt when it bought Smithfield Foods for US$4.7 billion in 2013. Photo: Reuters

WH Group shares plunge after major shareholder CDH plans stake sale

28 Oct 2016 - 2:33PM

Stocks

Private equity group CDH to sell HK$6.48 billion worth of shares in pork producer WH Group

27 Oct 2016 - 8:39PM

Hong Kong company reporting season

WH Group sees China’s pork prices falling over next 15 months after hitting record high in May

22 Aug 2016 - 11:00PM

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WH Group

WH Group is the world's largest pork producer, with operations in packaged meats, fresh pork and pig farming. The company is a leading supplier of pork in China, the United States and in some markets in Europe. It owns US pork giant Smithfield Foods, which it acquired in 2013.

Chairman / President

Wan Long

CEO / Managing Director

Guo Lijun

CFO / Finance Director

Zhen Jinyan

Industry

Food & Beverages

Website

wh-group.com

Headquarters address

1-3/F, Tower 1, Ever Gain Plaza, 88 Container Port Road, Kwai Chung, New Territories, Hong Kong

Stock Code

SEHK:288

Year founded

1958

last updated:

2 October, 2024