香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1044） 主席 施文博 香港，二零二五年八月二十九日 於本公告日期，董事會包括執行董事施文博先生、許清流先生、許大座先生、施煌 劍先生、許清池先生、李偉樑先生及許文默先生；及獨立非執行董事保羅希爾先 生、黃英琦女士、何貴清先生和陳闖先生。 茲提述恒安國際集團有限公司（「本公司」）日期為二零二五年一月二十三日關於本公 司向中國銀行間市場交易商協會（「協會」）申請註冊及建議發行總額不超過人民幣75 億元債務融資工具（「債務融資工具」）（通知書文件號：中市協注[2025]DFI6號）獲得 通過之公告。 本公司董事會（「董事會」）欣然宣佈，於二零二五年八月二十九日，本公司已完 成發行本金額為人民幣7億元的第二期超短期融資券（「第二期超短融」），其票面 利率定為每年1.71%及為期278日。發行第二期超短融的結果會於中國貨幣網 (www.chinamoney.com ...

智通财经APP获悉，香港联交所最新资料显示，8月27日，行政总裁兼执行董事许清流增持恒安国际 (01044)30万股，每股作价24.7016港元，总金额约为741.05万港元。增持后最新持股数目约为2.76亿股， 最新持股比例为23.77%。 ...

香港联交所最新资料显示，8月21日，Lazard Asset Management LLC减持恒安国际(01044)295.25万股， 每股作价24.7087港元，总金额约为7295.24万港元。减持后最新持股数目约为5676.81万股，最新持股比 例为4.89%。 ...

智通财经APP获悉，香港联交所最新资料显示，8月21日，Lazard Asset Management LLC减持恒安国际 (01044)295.25万股，每股作价24.7087港元，总金额约为7295.24万港元。减持后最新持股数目约为 5676.81万股，最新持股比例为4.89%。 ...

| 股份代號: | 01044 | | --- | --- | | 上市法國名稱: | 恒安國際集團有限公司 | | 日期 (日 / 月 / 年): | 26/07/2025 - 26/08/2025 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日 相關法 | | | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 股份數目 | | ( 請参関上述 * 註 有投票權股 期 (日 / 月 / 份權益 | | | | | | | | 一流 份百分比 年) | | | | | | | | (%) | | | DA20250822E00363 | 未應益 100,000(L | 1101(L) | | HKD 25.0000 | 300.000(L) | 0.03(L)22/08/2025 | 格隆汇8月26日丨根据联交所最新权益披露资料显示，2025年8月22日，恒安国际(01044.HK)获执行董事许清池在场内以每股均价25.00港元增持10 ...

香港联交所最新资料显示，8月22日，执行董事许清池增持恒安国际(01044)10万股，每股作价25港元， 总金额为250万港元。增持后最新持股数目为30万股，最新持股比例为0.03%。 ...

智通财经APP获悉，香港联交所最新资料显示，8月22日，执行董事许清池增持恒安国际(01044)10万 股，每股作价25港元，总金额为250万港元。增持后最新持股数目为30万股，最新持股比例为0.03%。 ...

Core Insights - The report highlights the top ten preferred brands and the fastest-growing brands in the Chinese market, with Hengan Group's brand, Heartfelt, being the only brand in the household paper industry to appear on both lists, achieving a consumer reach of 552 million [1][2][3] - The report emphasizes the importance of "consumer reach" as a key metric, reflecting brand penetration and purchase frequency, which are crucial for understanding market dynamics in the fast-moving consumer goods sector [2][3] Brand Performance - Heartfelt has established itself as a leader in the household paper industry, with a consumer reach growth rate of 14.5%, bringing its penetration rate close to 70% [3] - The brand's strategic initiatives, including the introduction of 100% virgin wood pulp labeling and emotional marketing campaigns, have contributed to its strong market presence and consumer loyalty [2][3] Market Trends - The report indicates that the dual drivers of penetration and purchase frequency are essential for brand growth in the Chinese market, with a notable shift towards integrating online and offline channels [2][3] - Future strategies for Heartfelt will focus on consumer insights, product innovation, and emotional value to meet the increasing demand for health-conscious products [3]

Core Viewpoint - UBS reports that Hengan International (1044.HK) is expected to see a decline in revenue and net profit for the first half of 2025, with a decrease of 0.2% and 2.6% respectively, and a projected net profit drop of approximately 12% when excluding foreign exchange gains, which aligns with the bank's expectations [1] Financial Performance - For the period, the tissue business revenue grew by 3% year-on-year, while the sanitary napkin business revenue fell by 14% [1] - Management indicated that wet wipes performed steadily, and the competitive landscape for tissue products was better than expected, but sales of sanitary products and mid-to-low-end diapers declined due to intensified competition [1] Future Outlook - The group anticipates stable growth in tissue sales, with an expected improvement in the gross margin of sanitary products in the second half of 2025 [1] - UBS has raised its earnings forecasts for Hengan for 2025 to 2027 by 1% to 4% and revenue forecasts by 1% to 2%, increasing the target price from HKD 27.7 to HKD 29.5 while maintaining a buy rating [1]

Core Viewpoint - UBS has raised its profit forecasts for Hengan International (01044) for 2025 to 2027 by 1% to 4%, and revenue forecasts by 1% to 2%, with the target price increased from HKD 27.7 to HKD 29.5, maintaining a "Buy" rating [1] Financial Performance - For the first half of 2025, Hengan's revenue and net profit decreased by 0.2% and 2.6% respectively, with an expected net profit decline of approximately 12% when excluding foreign exchange gains, which is largely in line with UBS's expectations [1] - Tissue paper business revenue grew by 3% year-on-year, while sanitary napkin revenue fell by 14% [1] Management Insights - Management indicated that the performance of wet wipes is stable, and the competitive landscape in the tissue paper market is better than expected, but sales of sanitary products and mid-to-low-end diapers have declined due to intensified competition [1] Future Outlook - The group anticipates steady growth in tissue paper sales, and an improvement in gross margins for sanitary products in the second half of 2025 [1]