EQS-News / 11/07/2019 / 18:28 UTC+8
*WH Group Named to the 2019 "Fortune China 500" List
Top Placed Chinese Company in Food Industry*
(Hong Kong, July 11, 2019) - *WH Group Limited* ("WH Group" or the
"Company"; HKEX stock code: 288) announced that the Company has ranked 66th
on the 2019 "Fortune China 500" list with a revenue of RMB149.6 billion,
making it the highest-ranked Chinese company in the food industry. Besides,
WH Group has ranked 17th on the "FMCG (Fast-moving Consumer Goods) Global
50" list published by OC&C Strategy Consultants. The Company ranked top
among the five Chinese companies on the list.
*Wan Long, Chairman and Chief Executive Officer of WH Group*, said, "WH
Group ranked top among its Chinese peers on both the 'Fortune China Top 500'
and 'OC&C FMCG Global 50' lists, which fully demonstrates the market's
recognition of WH Group's strength and brand value. As the world's largest
pork company, we will continue to adopt innovative marketing strategies in
response to changing consumer trends and optimize our product mix to enhance
the brand value and profitability of our well-known brands, with a view to
achieving long-term sustainable growth. In addition, we will leverage our
global presence in the industrial value chain and resource advantages to
improve synergies, focus on the expansion and integration of the global
market, to further strengthen our leading position in the industry."
Fortune China 500, compiled by Fortune (China) and the Wealth Management
Department of CICC, assesses the financial results and business performance
of the biggest Chinese listed companies in 2018. The 500 Chinese companies
on the list generated RMB45.5 trillion in revenue, up 14.8% year-on-year,
hitting another record high. Net profit rose 4.21% year-on-year to RMB3.625
trillion. The annual revenue threshold for companies on the list this year
is RMB16.238 billion, an increase of 17% year-on-year. The total revenue of
the 500 companies in 2018 once again accounted for more than a half of
China's GDP.
Now in its 17th year, OC&C Global 50 examines the financial performance of
the world's largest consumer goods companies. It explores and discusses the
main themes and trends that drive the FMCG sector. OC&C Strategy Consultants
is a leading global strategy consulting firm whose client roster includes
companies throughout the retail, consumer goods, leisure, media, technology
and communication, industrial products, and private equity funds.
*About WH Group Limited (HKEX stock code: 288)*
WH Group Limited is the largest pork company in the world with the top
market share in China, the U.S. and some markets in Europe. It owns many
well-recognized and trusted brands and stands above the rest with global
market leadership in all key segments of the pork value chain, including
packaged meats, fresh pork and hog production. The Group conducts its
operations through Henan Shuanghui Investment & Development Co., Ltd., the
largest animal protein company in Asia, and Smithfield Foods, the largest
pork company in the U.S. For more information, visit www.wh-group.com [1].
*For media enquiries*
hHill+Knowlton Strategies WH Group
Shirley Lo Renee Chen
++852 2894 6214 +852 2922 0736
wh-group@hkstrategies.com renee.chen@wh-group.com
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Document title: WH Group Named to the 2019 'Fortune China 500' List Top
Placed Chinese Company in Food Industry
11/07/2019 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
July 11, 2019 06:29 ET (10:29 GMT)
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