恒安国际2024年报

(Incorporated in the Cayman Islands with limited liability)Stock code: 1044 2024ANNUAL REPORT GROWINGWITH YOU FORA BETTER LIFE hasalways been the mission of HenganInternational.We will continue to adhere to ourcorporate spirit of “Integrity, Diligence, Innovationand Dedication”. Our goal is “to build an effectivecorporatemanagement and to develop a highquality,ethical and enthusiastic staff team”.Bybuilding an excellent corporate culture, reinforcingour brand image, and focusing on consumer andmarketneed,Hengan International will becomeChina’s leading corporation in manufacturing anddistributionof fast moving family consumerproducts. Content Corporate Information EXECUTIVE DIRECTORS Mr. Sze Man Bok(Chairman)Mr. Hui Lin Chit(Deputy Chairman)Mr. Hui Ching Lau(Chief Executive Officer)Mr. Xu Da ZuoMr. Sze Wong KimMr. Hui Ching ChiMr. Li Wai LeungMr. Xu Wenmo INDEPENDENT NON-EXECUTIVE DIRECTORS Ms. Ada Ying Kay Wong,JPMr. Ho Kwai Ching MarkMr. Theil Paul MarinMr. Chen Chuang COMPANY SECRETARYMr. Li Wai LeungFCPA, FCPA (Aust.),ACCA FCPA, FCPA (Aust.), ACCA AUTHORISED REPRESENTATIVESMr. Hui Ching LauMr. Li Wai Leung LEGAL ADVISERSHong KongReedSmith Richards Butler PRCGlobal Law Office Maples and Calder (Hong Kong) LLP Cayman IslandsMaples and Calder (Hong Kong) LLP • AUDITORDeloitte Touche TohmatsuCertified Public Accountants and Registered Public InterestEntity Auditor REGISTERED OFFICE P.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands P.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands HEAD OFFICE Hengan Industrial CityAnhai TownJinjiang CityFujian ProvincePRC PLACE OF BUSINESS IN HONG KONG 18212101D Unit 2101D, 21st FloorAdmiralty Centre, Tower 118 Harcourt RoadHong Kong 1044 PLACE OF LISTING AND STOCK CODE The Stock Exchange of Hong Kong LimitedStock Code: 1044 http://www.hengan.comhttp://www.irasia.com/listco/hk/hengan WEBSITEShttp://www.hengan.comhttp://www.irasia.com/listco/hk/hengan UFJ PRINCIPAL BANKERS Bank of ChinaIndustrial and Commercial Bank of ChinaStandard Chartered BankMUFG Bank, Ltd. PRINCIPAL SHARE REGISTRAR AND TRANSFERAGENT Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong INVESTORS AND MEDIA RELATIONS iPR Ogilvy Ltd.33340(852) 2136 6185 iPR Ogilvy Ltd.40th Floor, United Asia Finance Centre333 Lockhart RoadWan Chai, Hong KongTel: (852) 2136 6185 Financial Highlights Five-year Financial Summary REVENUE Company Product Series “HEARTTEX” AND “PINO” POCKET HANDKERCHIEFS,BOX AND SOFT TISSUE PAPER; AND KITCHEN TOWELS/PAPER Chairman’s Statement DEAR SHAREHOLDERS, On behalf of Hengan International Group Company Limited (“HenganInternational” or the “Group”), I present its annual results for the yearended31 December 2024.During the year under review,theinternational landscape remained complex and volatile, with escalatinggeopoliticalconflicts and a sluggish global economic recovery.Supported by the nation’s comprehensive macroeconomic policies, theChineseeconomy achieved steady progress.Competition within thedomestic daily necessities market intensified, with numerous domesticand international brands engaging in aggressive promotional strategies,often at the expense of profitability, to vie for market share. Faced withthischallenging and complex operating environment,HenganInternationalprioritised profitability and adhered to a rationalpromotional policy. Despite the inevitable impact of heightened marketcompetitionon operating performance,the Group exhibited robustresilience, maintaining relatively stable gross profit margins. Capitalizingon the growing consumer demand for high-quality goods, the Groupcontinued to advance product upgrades and premiumisation, resultinginstrong sales performance for premium products.Furthermore,Hengan International actively expanded and optimised its e-commerceplatformsand new retail channels,enhancing its market share andfurthersolidifying its leading market position,thereby laying a solidfoundation for sustained high-quality development. Forthe year ended 31 December 2024,the Group’s revenuea m o u n t e dt o a p p r o x i m a t e l y R M B 2 2 , 6 6 9 , 2 1 5 , 0 0 0( 2 0 2 3 :RMB23,767,936,000), representing a decrease of 4.6% compared totheprevious year.Profit attributable to the shareholders of theCompanyfell approximately 17.9%to RMB2,298,535,000(2023:RMB2,800,533,000)during the year.Basic earnings per share wasapproximately RMB2.015 (2023: RMB2.415). The Group continued tomaintain a stable dividend policy and remained committed to creatingsustainablereturns for its shareholders.The Board of Directorsrecommended the payment of a final divi