WH Group
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WH Group

WH Group
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
Illustration: Brian Wang
US-China relations

Trump-Xi diplomacy put to test thanks to contentious tit-for-tat Covid lawsuits

Unpaid billions of dollars in judgments against China sucks US State Department into escalating legal dispute, but Beijing remains defiant.

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Hong Kong stock market

Hong Kong stocks rally most in 3 months on prospects of US rate cut

China stock market

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

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Hong Kong stock market

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

Premier Li added to recent calls for more stimulus to shore up China’s economy amid July setbacks. Meituan rebounded from a sell-off while HKEX slipped after a poor report card.

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The Exchange Square Complex, which houses the Hong Kong Stock Exchange, pictured on July 13, 2022. Photo: Bloomberg
China stock market

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

Trading in pork stocks started to unravel after the National Development and Reform Commission said it would crack down on misconduct and ‘vile speculation’ it blames for stoking runaway hog prices.

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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.

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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.

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A woman walks past a sign showing the Hang Seng Index in Hong Kong on April 11. Photo AFP
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.

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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.

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’.

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WH Group is the world’s largest pork producer. Photo: Getty Images
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.

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Wan Hongjian, the 52 year-old son of 80-year-old chairman and CEO Wan Long, was stripped on Thursday of his roles as executive director, deputy chairman, and vice president, based on an article of the firm’s “amended and restated” articles of association, it said in a filing to Hong Kong’s bourse. HANDOUT PHOTO
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.

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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.

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.

In an uncommon sight in America, a woman wears a mask near the New York Stock Exchange in New York on March 4. Photo: Reuters
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. 

Meituan Diaping's third quarter revenue beat expectations after Thursday market close. Here, some of its drivers are seen in Shanghai. Photo: Reuters
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.

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 

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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

Flags outside the Hong Kong stock exchange. Photo: AFP
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.

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.

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.

Pork producer WH Group calls for end of trade war, as 2018 profit drops 4 per cent
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

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WH Group’s first half profit fell on lower margins earned by its US business. Photo: Reuters
Hong Kong company reporting season

Pork producer WH Group reports worse than expected net profit

Hong Kong company reporting season

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

WH Group offers ADRs in US to expand investor exposure

WH Group made a name for itself in the global market in 2013 with its US$4.7 billion acquisition of Smithfield Foods, the largest pork producer in the US. Photo: Reuters
Mergers & Acquisitions

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

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

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

WH Group shares plunge after major shareholder CDH plans stake sale

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