Hengan International (01044) fell nearly 6% after the results. As of press release, it was down 5.19% to HK$24.65, with a turnover of HK$27.441,300.
The Zhitong Finance App learned that Hengan International (01044) fell nearly 6% after the results. As of press release, it had a decrease of 5.19% to HK$24.65, with a turnover of HK$27.441,300.
According to the news, Hengan International announced annual results. The group received revenue of 23.768 billion yuan during the period, an increase of 5.1% over the previous year; profit attributable to the company's equity holders was 2,801 billion yuan, an increase of 45.5% over the previous year; basic income per share was 2.415 yuan; and it plans to pay a final dividend of 0.7 yuan per share.
According to the BOC International Development Report, Hengan International's 2023 performance was in line with expectations, and profit margins improved significantly in the second half of the year. Looking ahead to 2024, the sanitary napkin business is expected to perform better than the full year of 2023. Given the good performance of the high-end product portfolio and declining raw material costs, the bank is optimistic about improving profit margins. However, given that high-end products currently contribute little to the tissue business, increased competition may slow the growth of the tissue business.