WH Group Limited (HKEX:0288) Annual Report 2021



The latest annual report of WH Group Limited (0288) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 0288 Annual Results

Amounts in USD

Total Revenue
27.29B
Gross Profit
4.54B
EBIT
1.7B
Net Tangible Assets
4.92B
Net Income
1.07B
Capital Expenditures
-922M

0288 Income Statement 2021 Annual Report

As per the latest Income Statement of 0288, the Net revenue increased by $1.704B (7%) compared to the previous period. The operating income in 2021 increased by $638.00M (60%). The net income as per the annual report was 1.07B which increased by $240.00M (29%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue27.29B25.59B
Gross Profit4.54B3.85B
Operating Income1.7B1.06B
Income Before Tax1.7B1.31B
Net Income1.07B828M

Balance Sheet - 0288 2021 Annual Report

Read further: 0288 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of WH Group Limited showed the company reduced the cash on balance sheet by $-43.00M (-3%). The Net tangible assets of 0288 on the balance sheet were at 4.92B which is $-1.314B (-21%) less than previous annual report. The total stockholder equity also decreased by $-1.257B (-13%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.56B1.6B
Total Assets19.41B 18.71B
Long Term Debt3.14B1.84B
Total Liabilities9.72B 7.73B
Total Shareholder Equity8.75B10.01B
Net Tangible Assets4.92B6.24B

Cash Flow Statement - 0288 2021 Annual Report

The 2021 annual cash flow statement of WH Group Limited showed that the net income increased by $240.00M (29%) compared to previous reporting period. Also the capital expenditure of 0288 decreased by $-369.00M (-67%).

As of 2021, the total cash from investing activities was -409M and total cash from financing activities was -1.43B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.07B828M
Capital Expenditures-922M-553M
Dividends Paid-332M-599M
Total Cash From From Investing Activities-409M-963M
Total Cash From From Financing Activities-1.43B-479M

WH Group Limited Annual Report History

Income Statement

Income Statement history of WH Group Limited (HKEX:0288)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue27.29B25.59B24.1B22.61B
Cost Of Revenue22.75B21.74B19.38B18.38B
Gross Profit4.54B3.85B4.72B4.22B
Research Development----
Selling General Administrative2.84B2.79B2.87B2.87B
Non Recurring----
Other Operating Expenses---53M
Total Operating Expenses25.59B24.53B22.25B21.33B
Operating Income1.7B1.06B1.85B1.28B
Total Other Income Expense Net-1M252M197M135M
Ebit1.7B1.06B1.85B1.28B
Interest Expense-139M-135M-144M-115M
Income Before Tax1.7B1.31B2.05B1.41B
Income Tax Expense402M223M357M258M
Minority Interest939M980M768M672M
Net Income From Continuing Ops1.3B1.09B1.7B1.15B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.07B828M1.47B943M
Net Income Applicable To Common Shares1.07B828M1.47B943M

Balance Sheet Statement

Balance Sheet Statement history of WH Group Limited (HKEX:0288)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.56B1.6B552M525M
Net Receivables1.66B1.42B1.47B1.5B
Inventory3.89B3.69B4.01B2.97B
Other Current Assets194M181M143M89M
Total Current Assets7.62B7.83B6.71B5.46B
Long Term Investments265M364M357M359M
Property Plant Equipment7.25B6.35B6.19B5.45B
Good Will2.07B2.01B1.96B1.85B
Intangible Assets1.76B1.76B1.71B1.73B
Other Assets451M397M362M451M
Deferred Long Term Asset Charges42M61M66M57M
Total Assets19.41B18.71B17.28B15.3B
Accounts Payable1.15B913M1.07B977M
Short Long Term Debt874M796M780M583M
Other Current Liab71M73M96M61M
Long Term Debt3.14B1.84B2.19B2.26B
Other Liab1.63B1.45B1.42B1.27B
Minority Interest939M980M768M672M
Total Current Liabilities4.58B4.07B3.87B3.33B
Total Liab9.72B7.73B7.83B6.88B
Common Stock1M1M1M1M
Retained Earnings7.16B6.43B6.2B4.15B
Treasury Stock502M567M-503M660M
Capital Surplus1.08B3.01B2.98B2.93B
Other Stockholder Equity502M567M-503M660M
Total Stockholder Equity8.75B10.01B8.68B7.75B
Net Tangible Assets4.92B6.24B5.02B4.17B

Cash Flow Statement

Cash Flow Statement history of WH Group Limited (HKEX:0288)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income1.07B828M1.47B943M
Depreciation679M644M581M437M
Change To Netincome480M373M342M436M
Change To Account Receivables-170M136M-3M-247M
Change To Liabilities159M272M263M26M
Change To Inventory-399M99M-1.19B-349M
Total Cash From Operating Activities1.82B2.36B1.46B1.25B
Capital Expenditures-922M-553M-710M-838M
Investments513M-355M-97M-340M
Other Cashflows From Investing Activities33M-9M15M7M
Total Cashflows From Investing Activities-409M-963M-796M-1.22B
Dividends Paid-332M-599M-375M-505M
Net Borrowings1.12B-646M-113M-1M
Other Cashflows From Financing Activities-291M747M-136M-293M
Total Cash From Financing Activities-1.43B-479M-593M-790M
Effect Of Exchange Rate23M86M-6M-43M
Change In Cash3M1B68M-795M
Repurchase Of Stock-1.93B-1.93B-1.93B-1.93B
Issuance Of Stock2M19M31M9M