万洲国际(00288.HK)中期纯利升10.7%至5.69亿美元派中期息0.05港元
格隆汇8月13日丨万洲国际(00288.HK)公布，截至2019年6月30日止6个月，集团实现收入111.27亿美元，同比下降0.4%；毛利24.62亿美元，同比增长5.2%；EBITDA为11.63亿美元，同比增长10.9%；经营利润7.65亿美元，同比下降11.8%；公司拥有人应占利润5.69亿美元，同比增长10.7%，生物公允价值调整前公司拥有人应占利润4.63亿美元，同比下降16.9%；每股基本盈利3.87美仙，宣派中期股息每股每股0.05港元。
按区域而言，中国业务于回顾期间占集团的收入及经营利润分别为33.7%及55.4%(比较期间：32.8%及54.7%)；美国业务于回顾期间占集团的收入及经营利润分别为57.9%及38.4%(比较期间：58.7%及38.1%)。集团其余的收入及经营利润则来自欧洲业务。
肉制品分部一直是集团的核心业务，于回顾期间占集团收入的52.9%(比较期间：52.8%)，占集团经营利润达99.5%(比较期间：90.9%)。生鲜猪肉分部占集团收入的41.3%(比较期间：41.1%)，占集团经营利润达13.5%(比较期间：10.7%)。
于回顾期间，集团肉制品的销量轻微增加0.4%至161.0万公吨。在中国，由于消费市场放缓以及集团主动提价，回顾期间的销量与比较期间的销量相若。与此同时，集团正继续通过推出新产品和拓展新销售渠道来实现产品结构转型。在美国，集团有意识地缩减了盈利能力较低的产品，故销量于回顾期间内下降0.2%。至于欧洲，受惠于有机的增长及近期的收购，销量获得提升。
回顾期间内的生猪屠宰总量为2823.3万头，较比较期间的屠宰总量上升1.4%。该上升主要来自中国的屠宰业务，因为其生猪屠宰量增加3.7%至857.8万头。
于回顾期间，生猪出栏量上升4.5%至1058.2万头，生猪养殖的收入下降17.1%至3.29亿美元，并录得4500万美元的经营亏损(比较期间：经营利润2200万美元)。在中国的经营亏损主要是因为集团加速出栏以防御非洲猪瘟及增加生物保安相关的费用。至于美国的经营利润由盈转亏，主要的驱动因素是比较期间的对冲业绩较佳。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
