Core Viewpoint - Hengan International (01044.HK) has completed the issuance of the first phase of ultra-short-term financing bonds amounting to RMB 1 billion, with an annual interest rate of 1.72% and a term of 179 days, aimed at repaying company debts [1] Group 1: Financial Performance - As of January 19, 2026, Hengan International's market capitalization is HKD 31.853 billion, ranking 2nd in the Paper II industry [1] - The company reported a return on equity (ROE) of 10.73%, significantly higher than the industry average of -8.51%, ranking 2nd [2] - Hengan International's operating revenue stands at RMB 226.42 billion, compared to the industry average of RMB 133.97 billion, ranking 3rd [2] - The net profit margin for Hengan International is 11.59%, while the industry average is -23.62%, ranking 1st [2] - The gross profit margin is 32.28%, compared to the industry average of 6.63%, ranking 2nd [2] - The company's debt ratio is 48.69%, lower than the industry average of 52.75%, ranking 4th [2] Group 2: Analyst Ratings - The majority of investment banks have a "Buy" rating for Hengan International, with two banks issuing "Buy" ratings in the last 90 days [1] - The average target price from analysts over the past 90 days is HKD 37.6 [1] - CITIC Securities has recently given a "Buy" rating with a target price of HKD 30 [1]

Group 1 - The company, Hengan International (01044.HK), announced the completion of the issuance of the first phase of ultra-short-term financing bonds amounting to RMB 1 billion [1] - The coupon rate for the bonds is set at 1.72% per annum, with a maturity period of 179 days [1] - Following this issuance, the company has an approved but unissued debt financing tool amounting to RMB 3.8 billion [1]

Group 1 - The company, Heng An International (01044), announced the completion of the issuance of the first phase of ultra-short-term financing bonds amounting to RMB 1 billion, with an annual interest rate of 1.72% and a term of 179 days [1] - Following this issuance, the company has an approved but unissued debt financing tool amounting to RMB 3.8 billion [1] - The proceeds from the first phase of ultra-short-term financing are intended to be used for repaying the company's debts [1]

（股份代號：1044） 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） 承董事會命 恒安國際集團有限公司 主席 施文博 香港，二零二六年一月十九日 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。 http://www.hengan.com http://www.irasia.com/listco/hk/hengan 網址： 自願性公告 發行第一期超短期融資券 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，於二零二六年一月十九日，本公司 ...

智通财经APP获悉，大摩发布研报称，分别将恒安国际(01044)2025至2027年收入预期上调2%、4%和 4%，反映旗下三大业表现较佳。鉴于纸巾业务毛利率更高，期内，将预测毛利率分别上调2.1个百分 点、1个百分点和0.4个百分点，故净利润分别上调14%、14%和9%。大摩对恒安国际的新目标价为24港 元(原本21港元)，反映更高的盈利预测; 评级"与大市同步"。 ...

Core Viewpoint - Morgan Stanley has raised the revenue forecasts for Hengan International (01044) for 2025 to 2027 by 2%, 4%, and 4% respectively, reflecting strong performance across its three major business segments [1] Revenue Forecast Adjustments - The revenue expectations for Hengan International have been increased due to better-than-expected performance in its core segments [1] Gross Margin and Net Profit Adjustments - The gross margin forecasts have been adjusted upwards by 2.1 percentage points, 1 percentage point, and 0.4 percentage points for the respective years, leading to net profit increases of 14%, 14%, and 9% [1] Target Price and Rating - Morgan Stanley has set a new target price of HKD 24 for Hengan International, up from the previous HKD 21, reflecting the improved profit forecasts; the rating remains "in line with the market" [1]

摩根士丹利发表研报指，将恒安国际2025至2027年收入预期分别上调2%、4%和4%，反映旗下三大业表 现较佳；鉴于纸巾业务毛利率更高，将同期毛利率预测分别上调2.1个百分点、1个百分点和0.4个百分 点，故净利润分别上调14%、14%和9%。大摩将对恒安国际的目标价从21港元上调至24港元，反映更高 的盈利预测，评级"与大市同步"。 ...

恒安国际(01044)公布，公司于2026年1月15日根据股份奖励计划条款向962名选定僱员授出合共1849.5万 股奖励股份。 ...

智通财经APP讯，恒安国际(01044)公布，公司于2026年1月15日根据股份奖励计划条款向962名选定僱员 授出合共1849.5万股奖励股份。 ...

格隆汇1月15日丨恒安国际(01044.HK)公告，公司于2026年1月15日根据该计划条款向962名选定雇员授 出合共1849.5万股奖励股份(「授出事项」)。奖励股份之归属须待选定雇员接纳授出事项及若干归属条 件获达成后，方可作实。 ...