HK Stock Market Move | WH GROUP (00288) dropped nearly 6% in the afternoon; Citigroup stated that the operating profit for the second quarter fell 11% year-on-year, in line with expectations.

WH GROUP (00288) fell nearly 6% in the afternoon, and as of the time of writing, it was down 5.39% at HKD 7.455, with a trading volume of HKD 282 million. In terms of news, WH GROUP released its interim results, showing that after fair value adjustments for biological assets, revenue for the first half of the year was USD 13.827 billion, an increase of 3.29% year-on-year; profit attributable to equity holders was USD 770 million, a decrease of 2.28% year-on-year. It proposed an interim dividend of HKD 0.2 per share. In addition, WH GROUP's subsidiary, Henan Shuanghui Investment & Development, reported a net profit attributable to the parent company of RMB 2.306 billion for the first half of the year, down 0.8% year-on-year. Citigroup published a research report indicating that WH GROUP's operational profit in the second quarter fell 11% year-on-year, in line with the bank's expectations, with weak performance across markets. The management has previously lowered the guidance for operational profit in the U.S. for 2026 while maintaining confidence in the targets for its Chinese business, expecting that the sales volume of packaged meat and operational profit per ton in the second half of the year will recover better than in the second quarter.