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]

瑞银发布研报称，将恒安国际(01044)2025至2027年盈利预测上调1%至4%，收入预测上调1%至2%，目 标价由27.7港元上调至29.5港元，维持"买入"评级。 报告指恒安2025年上半年收入及纯利分别下跌0.2%及2.6%，剔除汇兑收益预料期内净利润下跌约12%， 大致符合该行预期。期内纸巾业务收入同比增长3%，卫生巾业务收入则同比下跌14%。管理层指出湿 纸巾表现稳健，纸巾市场竞争情况较预期好，但卫生巾及中低端纸尿裤产品因竞争加剧导致销售下跌。 展望未来，集团预期纸巾销售可稳健增长，卫生产品毛利率将于2025年下半年改善。 ...

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%, increasing the target price from HKD 27.7 to HKD 29.5 while maintaining a "Buy" rating [1] Financial Performance - For the first half of 2025, Hengan's revenue and net profit are expected to decline by 0.2% and 2.6% respectively, with a projected net profit drop of approximately 12% when excluding foreign exchange gains, which is largely in line with UBS's expectations [1] - The tissue paper business saw a year-on-year revenue growth of 3%, while the sanitary napkin business experienced a year-on-year decline of 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, although 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, with an expected improvement in the gross margin of sanitary products in the second half of 2025 [1]