HONG KONG, March 25, 2025-

On Mar. 25, Hengan International Group Company Limited (Hengan) published the 2024 annual results. Revenue dropped by 4.6% year on year to 22.67 billion yuan ($3.12 billion). Gross profit margin was 32.3% (2023: 33.7%). Operating profit fell by 15.7% year on year to 3.35 billion yuan. Profit attributable to shareholders decreased by 17.9% to 2.3 billion yuan.

Sanitary napkin. In 2024, revenue of the sanitary napkin business fell by 8.1% to 5.68 billion yuan (2023: 6.18 billion yuan), accounting for 25% (2023: 26%) of its overall revenue. Hengan regards the sanitary napkin market to remain challenging. But its business is expected to recover and achieve stable revenue growth.

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