The Zhitong Finance App learned that Wanzhou International (00288) fell nearly 6% in the afternoon. As of press release, it was down 5.39% to HK$7.455, with a turnover of HK$282 million.

According to the news, Wanzhou International announced interim results. After the biofair value adjustment, revenue for the first half of the year was US$13.827 billion, up 3.29% year on year; profit attributable to company owners was US$770 million, a decrease of 2.28% year on year. An interim dividend of HK$0.2 per share is proposed. In addition, the net profit of Shuanghui Development, a subsidiary of Wanzhou International, was 2,306 billion yuan in the first half of the year, down 0.8% from the previous year.

According to a research report published by Citi, Wanzhou's operating profit for the second quarter of this year fell 11% year-on-year, in line with this forecast. The performance of various markets was weak. Management had previously lowered the US operating profit guidelines for 2026, while maintaining confidence in China's business goals. It is expected that the recovery in packaged meat sales and operating profit per ton in the second half of the year will be better than in the second quarter.

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