Wellhope Foods Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022
March 30, 2023 at 07:38 am EDT
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Wellhope Foods Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 32,779.24 million compared to CNY 29,452.99 million a year ago. Revenue was CNY 32,811.76 million compared to CNY 29,468.93 million a year ago.
Net income was CNY 513.53 million compared to CNY 118.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.58 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.55 compared to CNY 0.13 a year ago.
Wellhope Foods Co Ltd is a China-based company primarily engaged in the production and sales of feed. The Company is mainly engaged in three businesses. The feed and feed raw material trading business is mainly engaged in the production and sales of pig feed, poultry feed, ruminant feed and other feed, as well as bulk feed raw materials such as fish meal, soybean meal, corn by-products, and feed additive products such as amino acids, antioxidants, antifungal agents, and vitamins. The meat and poultry business is mainly engaged in broiler breeder chicken breeding, hatching, feed production, commercial broiler chicken breeding, broiler slaughtering and processing, as well as deep processing of prepared products and cooked food. The pig business is mainly engaged in breeding and sales of breeding pigs, sales of commercial piglets, free-range fattening pigs and a small amount of self-raising, and pig slaughtering. The Company mainly conducts its businesses in the domestic market.
WELLHOPE FOODS CO., LTD. 
