WH Group’s Subsidiary Shuanghui Development Reports Decline in 2024 Financial Results

The latest announcement is out from WH Group Limited ( (HK:0288) ).

Henan Shuanghui Investment & Development Co., Ltd., a subsidiary of WH Group Limited, reported a slight decline in its financial performance for the year ended December 31, 2024. The company’s external sales volume of meat products decreased by 1.7%, and its total operating income fell by 0.6% to RMB59,715 million. Net profit also saw a decrease of 0.9% to RMB5,055 million. These results reflect a challenging market environment and may impact WH Group’s overall financial performance, given its substantial stake in Shuanghui Development.

More about WH Group Limited

WH Group Limited is a leading company in the meat processing industry, primarily focusing on the production and sale of packaged meats and fresh pork. The company holds a significant market position with a 70.33% equity interest in Henan Shuanghui Investment & Development Co., Ltd., a major meat processing firm in China.

YTD Price Performance: 14.93%

Average Trading Volume: 11,936

Technical Sentiment Signal: Sell

Current Market Cap: $11.16B

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