Performance | Heng An Earned 10% More Last Year, Dividend Maintained at 0.7 Yuan

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Hengan International (01044) announced its annual results for the year ending December 2025, with shareholders’ profit attributable to shareholders of RMB 2.535 billion, up 10.29% year-on-year. Earnings per share are RMB 2.227, with a final dividend maintained at RMB 0.7.

During the period, revenue reached RMB 23.069 billion, an increase of 1.76% year-on-year. Gross profit margin was 33.8%, up 1.5 percentage points year-on-year.

The group stated that looking ahead to 2026, despite a complex and volatile external environment, China’s economy remains stable with multiple advantages, strong resilience, and great potential. Coupled with proactive macro policies, economic development is expected to remain steady and positive. Although pulp prices showed an upward trend in early 2026, as supply and demand for pulp stabilize across regions, pulp prices are expected to remain relatively stable in the first half of this year. The group will moderately invest in promotional resources, continuously improve the proportion and sales performance of high-end products, and promote further improvement in gross profit margin, aiming to enhance the group’s profitability. The group will closely monitor external factors affecting the prices of imported pulp, petrochemical raw materials, and other raw materials.

In the future, the group will accelerate the integration of intelligent technology into operations management, applying artificial intelligence and big data analysis to more accurately understand consumer preferences and purchasing patterns. This will support decision-making in product development, marketing, and channel layout, while strengthening supply chain flexibility to enhance overall operational efficiency and competitive advantage. Additionally, to meet the upgrading and diversification trend of domestic consumer demand for tissue paper and hygiene products, the group will expand capacity and upgrade technology to prepare for long-term sustainable growth. At the same time, the group will develop and launch more high-quality products under the Royal City brand, further explore Southeast Asian markets, and gradually expand its overseas footprint.

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