Hengan International Group Co Ltd

01044: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hengan Earnings: Tissue Segment Margin Recovery Stabilizes Profit; Retain Fair Value

Jacky Tsang

Aug 22, 2025

Hengan International reported first-half 2025 results, with revenue falling 0.2% year on year while operating profit declined by 7.3%. The company reclassified its business segments, combining sanitary napkins and diapers into the new hygiene products segment.

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Hengan International Group Co Ltd

Hengan Earnings: Tissue Segment Margin Recovery Stabilizes Profit; Retain Fair Value

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