Hengan International Group Co Ltd

01044: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hengan Earnings: Emerging Channels Drove Sales and Profit Growth; Fair Value Raised by 10%

Jacky Tsang

Mar 18, 2026

Hengan's 2025 revenue and net profit rose 1.8% and 10.3% year on year, respectively, to CNY 23.1 billion and CNY 2.53 billion. Sales growth accelerated in the second half across both sanitary napkin and tissue categories.

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Hengan International Group Co Ltd

Hengan Earnings: Emerging Channels Drove Sales and Profit Growth; Fair Value Raised by 10%

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