萬洲國際(00288.HK)：前三季收入上升6.9% 淨利(生物公允價值調整前)下跌11.8%
格隆匯10月26日丨萬洲國際(00288.HK)發佈公吿，截至2021年9月30日止九個月，肉製品和豬肉的銷量分別上升2.1%和10.1%。實現收入(生物公允價值調整前)200.64億美元，同比增長6.91%；息税折舊及攤銷前利潤(生物公允價值調整前)18.17億美元，同比下降6.96%；公司擁有人應占利潤(生物公允價值調整前)7.85億美元，同比下降11.8%；每股基本盈利(生物公允價值調整前)5.39美仙。
肉製品方面，於該期間，肉製品銷售總量上升2.1%。在美國，銷量上升5.8%，此由於餐飲服務需求繼續從新冠病毒疫情恢復，同時零售需求保持強勁。在歐洲，受惠於內生增長及整合新併購的業務，銷量上升7.9%。然而，在中國的銷量下跌2.0%，此由於消費步伐放緩。整體收入較比較期間上升13.4%。在中國，收入因幣值影響有利而上升4.4%。在美國，由於產品價格隨豬肉價值提升而上漲，以及銷量增加，收入上升19.3%。在歐洲，由於銷量上升，加上產品價格在豬肉價格下跌的情況下仍保持平穩，因此收入上升10.5%。整體經營利潤於該期間上升14.2%。在中國，2.0%的升幅由於原材料成本下降及幣值影響有利，惟該升幅被規模下降及薪酬開支上升所部分抵銷。在美國，儘管原材料成本大幅上漲，經營利潤仍上升32.0%，該上升的原因是銷量增長、推行漲價措施及新冠病毒相關費用減少。歐洲的經營利潤上升27.7%，由於銷量增加及原材料成本下降所致。
豬肉方面，豬肉銷售總量於該期間上升10.1%。在中國，儘管進口規模縮少，但屠宰量大幅上升，故銷量上升15.4%。在美國，由於屠宰業務提升及需求強勁，銷量上升5.2%。在歐洲，銷量因集團擴大生產而上升14.4%。整體收入較比較期間下降2.2%。在中國，由於豬肉價格減幅大於銷量上升，因此收入下跌8.7%。在美國，收入上升3.3%，由於對沖收入的下降抵銷了價格所帶來的大部分升幅。在歐洲，銷量升幅大於豬肉價格跌幅，收入因此上升7.0%。於該期間，集團錄得經營虧損1,900萬美元(比較期間：經營利潤4.45億美元)。在中國，經營虧損為5,500萬美元，此由於生豬價格因供應充足而下跌。豬肉價格的跌勢侵蝕銷售利潤率，並致使未售產品產生減值損失。在美國，跌幅為86.6%，主要由於原材料(包括穀物飼料及生豬)的成本上漲，其漲幅大於豬肉價格的升幅所致。在歐洲，經營利潤下跌84.1%，主要是由於穀物飼料成本上升及豬肉價值下降。
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