SHENZHEN, China, March 26, 2024-

Chinese hygiene products manufacturer Baiya Sanitary Products Co. (Baiya) recently posted its 2023 financial results. Revenue was 2.14 billion yuan ($15.4 million), jumped by 33% compared with 2022. Net profit attributable to the owners of the parent was 238.25 million yuan, grew by 27.21% year on year. Net profit attributable to the owners of the parent after deducing non-recurring profit and loss was 215.66 million yuan, increased by 20.33%.

Revenue of its feminine napkins business was 1.91 billion yuan, accounting for 88.9% of its overall revenue, which achieved a year-on-year increase of 40.27%. Revenue of its diapers business was 117.53 million yuan, accounting for 5.5% of its overall revenue, which dropped by 4.52% year on year. Revenue of its ODM business was 121.15 million yuan, accounting for 5.6% of its overall revenue, which decreased by 7.26% year on year.

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!