HONG KONG, July 15, 2015 /PRNewswire/ -- WH Group Limited ("WH Group" or the "Company"), the world's largest pork company, has marked its debut in the "Fortune 2015 China 500" list with a ranking of 35th place in China. Furthermore, Shanghai Oriental Century Consumer Goods Development & Promotion Center and FMCG Information, Yangtze River Delta's leading information research organization, have filtered out the fast moving consumer goods (FMCG) enterprises within the list. It shows that WH Group has outstripped its peers and topped the FMCG enterprises with its RMB136 billion sales revenue.
Fortune launched its sixth "China 500" list this year, regarded as one of China's most authoritative corporate rankings. Total gross revenue of the top 500 Chinese companies amounted to RMB30.4 trillion, up 5% over the same period last year and accounting for almost half of China's GDP. The list, which covers all Chinese companies listed in China or overseas, is compiled using companies' annual income and gross revenue. Being ranked on the list further enhances WH Group's position relative to other Chinese companies.
Wan Long, Chairman and Chief Executive Officer of WH Group, said, "With the continuous growth of China's economy, the FMCG market continues to expand. Products of Shuanghui Development, a subsidiary of WH Group, have been popular among Chinese consumers. Among all brands in the highly competitive FMCG industry, WH has been proactive in innovating new products, eliminating outdated products and optimizing its product structure, to meet consumers' growing and fast-changing needs for food. Given WH Group has only been listed for less than a year, its achievements in terms of entering the Fortune 2015 China 500 list, as well as outperforming and ranking first among other Chinese FMCG enterprises, has once more strengthened the Company's leading position among its FMCG peers and demonstrated the Company's strength. The Group will enhance sales and profitability through innovations in products and marketing, so as to further reinforce the Group's leading position in the consumer market, as well as to bring the greatest benefits to our investors."
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.
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Lauren Cheng
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