Core Viewpoint - The executive director of the company, Xu Qingliu, has increased his stake in Hengan International (01044) by purchasing 200,000 shares at an average price of HKD 25.2184 per share, totaling approximately HKD 5.0437 million [1] Summary by Category Shareholding Activity - Xu Qingliu's recent purchase brings his total shareholding to approximately 279 million shares, representing a holding percentage of 24.04% [1]

Group 1 - The executive director Xu Qingliu increased his stake in Hengan International (01044) by purchasing 200,000 shares at an average price of 25.3813 HKD per share, totaling approximately 5.0763 million HKD [1] - After the purchase, the total number of shares held by Xu Qingliu is approximately 279 million, representing a holding percentage of 24.02% [1]

香港联交所最新资料显示，9月19日，执行董事许清流增持恒安国际(01044)20万股，每股均价25.3813港 元，总金额约为507.63万港元。增持后最新持股数目约为2.79亿股，最新持股比例为24.02%。 ...

Group 1 - The core point of the news is that Xu Qingliu, an executive director of Hengan International (01044.HK), increased his shareholding by purchasing 157,000 shares at an average price of HKD 25.3674 per share, totaling approximately HKD 3.983 million [1] - After the purchase, Xu Qingliu's total shareholding increased to 278,792,733 shares, raising his ownership percentage from 23.98% to 23.99% [1]

近日，国际权威指数机构明晟（MSCI）公布了恒安国际集团有限公司（股份代号：1044.HK）2025年度最新环境、社会及治理（ESG）评级结果。凭借 在可持续发展方面的优异表现，恒安国际的评级由"BBB"级跃升至"A"级，在中国家庭及个人用品行业位列第一，标志着集团可持续发展能力获得国际权 威认可。 登录新浪财经APP 搜索【信披】查看更多考评等级 转自：新华财经 恒安国际的MSCI ESG评级表现近年来持续保持稳定上升。2025年评级结果显示，本集团在产品碳足迹、原材料采购、化学品安全等各项议题的分数均获 得大幅提升，且均高于行业平均水平，充分体现公司在多个ESG领域的卓越表现。 在产品碳足迹方面，恒安国际将绿色低碳理念全面融入公司运营之中，并从产品全生命周期的角度开展节能减碳行动，通过优选低碳供货商、生产环节革 新、物流环节优化以及仓储环节提效等多方面的降碳举措，结合碳排放权的有效管理，致力于实现集团的价值链减碳目标。 在化学品安全方面，本集团严格依据国际、国家、行业相关标准以及内部标准，以高标准建设上游原材料管控。2025年5月，恒安国际主动发布《关于产 品禁用化学品和成分披露的承诺》，全面披露化学品采 ...

[Corporate Mission](index=2&type=section&id=Corporate%20Mission) [Corporate Mission Statement](index=2&type=section&id=Corporate%20Mission%20Statement) Hengan International's mission is 'Pursuing Health, Growing Together,' aspiring to be a world-class household consumer products enterprise - Hengan International's mission is 'Pursuing Health, Growing Together,' guided by the corporate spirit of **'Integrity, Endeavor, Innovation, and Dedication'**[5](index=5&type=chunk)[6](index=6&type=chunk) - The company aims to build an efficient management team and high-quality workforce, ultimately becoming a **world-class household consumer products enterprise**[5](index=5&type=chunk)[6](index=6&type=chunk) [Corporate Information](index=3&type=section&id=Corporate%20Information) [Board of Directors and Key Personnel](index=3&type=section&id=Board%20of%20Directors%20and%20Key%20Personnel) Hengan International's board and key personnel are detailed, noting the passing of Vice Chairman Mr. Xu Lianjie on April 17, 2025 - Vice Chairman Mr. Xu Lianjie passed away on **April 17, 2025**[8](index=8&type=chunk)[9](index=9&type=chunk) - Executive Directors include Shi Wenbo (Chairman), Xu Qingliu (CEO), Xu Dazuo, Shi Huangjian, Xu Qingchi, Li Weiliang, and Xu Wenmo[8](index=8&type=chunk)[9](index=9&type=chunk) - Independent Non-Executive Directors include Wong Ying Kay, Ho Kwai Ching, Paul Hill, and Chen Chuang[8](index=8&type=chunk)[9](index=9&type=chunk) [Advisors and Offices](index=3&type=section&id=Advisors%20and%20Offices) The company's auditors are Deloitte Touche Tohmatsu, with legal advisors including Reed Smith Richards Butler and Global Law Office, and offices in Cayman Islands, Jinjiang, and Hong Kong - The auditor is **Deloitte Touche Tohmatsu**[9](index=9&type=chunk) - Legal advisors include **Reed Smith Richards Butler** in Hong Kong, **Global Law Office** in China, and **Maples and Calder (Hong Kong) LLP** in the Cayman Islands[8](index=8&type=chunk)[9](index=9&type=chunk) - The company's shares are listed on The Stock Exchange of Hong Kong Limited under stock code **1044**[11](index=11&type=chunk)[13](index=13&type=chunk) [Financial Highlights](index=5&type=section&id=Financial%20Highlights) [Key Financial Performance](index=5&type=section&id=Key%20Financial%20Performance) Hengan International's H1 2025 saw slight declines in revenue, operating profit, and profit attributable to equity holders, accompanied by a decrease in gross profit margin Key Financial Data for the Six Months Ended June 30, 2025 | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 11,808,232 | 11,835,893 | (0.2%) | | Gross Profit Margin | 32.3% | 33.3% | -1.0pp | | Operating Profit | 1,757,339 | 1,895,891 | (7.3%) | | Profit Attributable to Equity Holders of the Company | 1,372,894 | 1,408,992 | (2.6%) | | Basic Earnings Per Share | RMB1.206 | RMB1.234 | - | | Annualized Return on Equity | 12.9% | 13.5% | -0.6pp | - Finished goods turnover remained at **38 days**, while trade and bills receivables turnover shortened from **39 days to 37 days**[15](index=15&type=chunk) [Revenue Contribution by Product Category](index=5&type=section&id=Revenue%20Contribution%20by%20Product%20Category) In H1 2025, tissue products' revenue contribution increased from 58.7% to 60.8%, while hygiene products' share decreased from 32.6% to 28.0% Revenue Contribution Comparison for H1 2024 and H1 2025 | Product Category | H1 2025 Contribution | H1 2024 Contribution | | :--- | :--- | :--- | | Tissue Products | 60.8% | 58.7% | | Hygiene Products | 28.0% | 32.6% | | Other | 11.2% | 8.7% | - Tissue product revenue contribution significantly increased, becoming the **Group's primary revenue source**[16](index=16&type=chunk)[17](index=17&type=chunk) [Report on Review of Condensed Consolidated Financial Statements](index=6&type=section&id=Report%20on%20Review%20of%20Condensed%20Consolidated%20Financial%20Statements) [Auditor's Review and Conclusion](index=6&type=section&id=Auditor's%20Review%20and%20Conclusion) Deloitte Touche Tohmatsu reviewed Hengan International's H1 2025 condensed consolidated financial statements, concluding no material issues regarding HKAS 34 compliance, with 2024 data reviewed by another auditor - Deloitte Touche Tohmatsu reviewed, rather than audited, the condensed consolidated financial statements[18](index=18&type=chunk)[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) - The review concluded that no matters came to the auditor's attention that caused them to believe the financial statements were not prepared in all material respects in accordance with **HKAS 34**[22](index=22&type=chunk)[24](index=24&type=chunk) - Comparative financial data for the corresponding period in 2024 was reviewed by another auditor, who issued an unmodified review conclusion on **August 19, 2024**[23](index=23&type=chunk)[25](index=25&type=chunk) [Interim Condensed Consolidated Statement of Profit or Loss](index=8&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) [Profit or Loss Performance](index=8&type=section&id=Profit%20or%20Loss%20Performance) For H1 2025, the Group's revenue slightly decreased, sales costs rose, and gross profit declined, leading to a 7.3% drop in operating profit and a 2.6% decrease in profit attributable to equity holders despite reduced finance costs Key Profit or Loss Statement Data for the Six Months Ended June 30, 2025 | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 11,808,232 | 11,835,893 | (0.2%) | | Cost of Sales | (7,996,703) | (7,899,651) | 1.2% | | Gross Profit | 3,811,529 | 3,936,242 | (3.2%) | | Selling and Distribution Costs | (1,879,365) | (1,796,725) | 4.6% | | Administrative Expenses | (733,720) | (675,571) | 8.6% | | Operating Profit | 1,757,339 | 1,895,891 | (7.3%) | | Finance Costs — Net | (56,056) | (160,305) | (65.0%) | | Profit Before Income Tax | 1,701,480 | 1,735,847 | (2.0%) | | Profit for the Period | 1,368,762 | 1,403,267 | (2.5%) | | Profit Attributable to Equity Holders of the Company | 1,372,894 | 1,408,992 | (2.6%) | | Basic Earnings Per Share | RMB1.206 | RMB1.234 | (2.3%) | - Net impairment losses on financial assets decreased from **RMB 70.663 million** to **RMB 57.463 million**, a **18.7% decrease**[27](index=27&type=chunk) - Other income and net gains significantly increased by **22.6%** to **RMB 616.358 million**[27](index=27&type=chunk) [Interim Condensed Consolidated Statement of Comprehensive Income](index=9&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) [Comprehensive Income Performance](index=9&type=section&id=Comprehensive%20Income%20Performance) For H1 2025, profit for the period was RMB 1.369 billion, a 2.5% decrease year-on-year, with net other comprehensive expense of RMB 53.455 million, primarily due to exchange differences, resulting in a total comprehensive income of RMB 1.315 billion Key Comprehensive Income Statement Data for the Six Months Ended June 30, 2025 | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Profit for the Period | 1,368,762 | 1,403,267 | (2.5%) | | Other Comprehensive (Expense) Income | (53,455) | 18,446 | - | | Total Comprehensive Income for the Period | 1,315,307 | 1,421,713 | (7.4%) | | Attributable to Equity Holders of the Company | 1,311,55

Group 1 - The executive director Xu Qingliu increased his stake in Hengan International (01044) by purchasing 200,000 shares at an average price of 25.0917 HKD per share, totaling approximately 5.0183 million HKD [1] - After the purchase, the total number of shares held by Xu Qingliu is approximately 278 million, representing a holding percentage of 23.96% [1]

Group 1 - Hengan International Group Co., Ltd. Unsponsored ADR (HEGIY) is a notable stock in the Consumer Discretionary sector, currently outperforming its peers with a year-to-date return of 14.6% compared to the sector average of 11.8% [5] - The Zacks Rank for HEGIY is 2 (Buy), indicating a positive earnings outlook based on improving earnings estimates [3][4] - The stock belongs to the Consumer Products - Discretionary industry, which is ranked 94 in the Zacks Industry Rank, while the average return for this group is a loss of 8.6% this year [7] Group 2 - The Consumer Discretionary group is currently ranked 8 within the Zacks Sector Rank, which includes 16 different groups [2] - Monarch Casino (MCRI) is another strong performer in the Consumer Discretionary sector, with a year-to-date return of 29.4% and a Zacks Rank of 1 (Strong Buy) [5][6] - The Gaming industry, to which Monarch Casino belongs, is ranked 86 and has seen a year-to-date increase of 23.6% [8]

Group 1 - The CEO and Executive Director of the company, Xu Qingliu, increased his stake in Hengan International by purchasing 200,000 shares at a price of HKD 24.3218 per share, totaling approximately HKD 4.8644 million [1] - Following the purchase, the total number of shares held by Xu Qingliu is approximately 278 million, representing a holding percentage of 23.92% [1]

Group 1 - The CEO and Executive Director of the company, Xu Qingliu, increased his stake in Hengan International (01044) by purchasing 200,000 shares at a price of HKD 24.7412 per share, totaling approximately HKD 4.9482 million [1] - Following this transaction, the total number of shares held by Xu Qingliu is approximately 278 million, representing a holding percentage of 23.90% [1]