https://www.scmp.com/rss/181226/feed Hengan International is a top producer of sanitary towels, diapers and tissues in China. Its products are exported to 63 countries and regions, including Southeast Asia and Africa. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Good day traders, It was a mixed day for markets in Hong Kong and Shanghai. The Hang Seng was weighed down by property, utilities and consumer staples, while Shanghai closed flat. Have a look below to see how the day's trading unfolded.  If you have any feedback, please send them to deb.price@scmp.com . -- Yujing Liu, Deb Price and Srinivasan Iyer in Hong Kong https://www.scmp.com/business/markets/article/3023827/stocks-blog-hong-kong-stocks-likely-take-cue-fed-minutes-overnight?utm_source=rss_feed https://www.scmp.com/business/markets/article/3023827/stocks-blog-hong-kong-stocks-likely-take-cue-fed-minutes-overnight?utm_source=rss_feed Thu, 22 Aug 2019 01:14:40 +0000 Shares of China’s leading sanitary towel and nappy producer Hengan International Group fell after they resumed trading on Thursday, even as the company denied allegations from a short seller of fabricating income. The stock dropped as much as 5.9 per cent before closing 3.7 per cent lower at HK$54.95. It fell 5.7 per cent before trading was halted on Wednesday after Bonitas Research alleged in a report the company had fabricated a total of 11 billion yuan (US$1.6 billion) of net income since... https://www.scmp.com/business/companies/article/2177759/hengan-international-continues-fall-it-refutes-fraudulent?utm_source=rss_feed https://www.scmp.com/business/companies/article/2177759/hengan-international-continues-fall-it-refutes-fraudulent?utm_source=rss_feed Thu, 13 Dec 2018 03:47:50 +0000 Trading in the stock of Hengan International Group Co., China’s largest sanitary towels and baby nappy producer, was suspended after a short seller’s report that branded the shares “worthless” caused them to plunge in Wednesday trading. Bonitas Research, an Austin, Texas-based short-selling institution, claims Hengan International has fabricated a total of 11 billion yuan (US$1.6 billion) of net income since 2005 that is now reflected as fake cash on its balance sheet. It released the report on... https://www.scmp.com/business/china-business/article/2177569/hengan-international-shares-plunge-suspension-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2177569/hengan-international-shares-plunge-suspension-hong-kong?utm_source=rss_feed Wed, 12 Dec 2018 04:00:00 +0000 Hengan International Group, China’s largest manufacturer of sanitary napkins and baby diapers, said that net profit for 2015 rose by 3.4 per cent to HK$4 billion despite foreign exchange losses of HK$400 million. The Hong Kong-listed company, whose income is primarily denominated in renminbi, said on Tuesday that the forex losses occurred after China devalued its currency by almost 2 per cent last August, the biggest change in a decade. Hengan said it has reduced its renminbi assets in Hong Kong... https://www.scmp.com/business/companies/article/1928877/hengan-net-profit-34-cent-2015-despite-forex-losses-hk400m?utm_source=rss_feed https://www.scmp.com/business/companies/article/1928877/hengan-net-profit-34-cent-2015-despite-forex-losses-hk400m?utm_source=rss_feed Tue, 22 Mar 2016 12:16:34 +0000 Hengan International Group, a mainland maker of personal hygiene products, hired Morgan Stanley to help sell HK$1.85 billion worth of new shares through a top-up share placement to fund expansion, market sources said. The share sale is the largest follow-up share offering since the Hong Kong market went above 30,000 points for the first time last week. The Hang Seng Index reached 30,025.07 after climbing from 19,386.72 on August 17. Hengan, whose shares have gained 67 per cent this year, was... https://www.scmp.com/article/612900/hengan-aims-hk185b-share-sale-fund-expansion?utm_source=rss_feed https://www.scmp.com/article/612900/hengan-aims-hk185b-share-sale-fund-expansion?utm_source=rss_feed Wed, 24 Oct 2007 16:00:00 +0000 Hengan International Group, a mainland maker of personal hygiene products, posted a net profit of HK$469.55 million for the first half, up 42.1 per cent from a year earlier, on strong demand for tissue paper and sanitary napkins. Turnover rose 34.6 per cent to HK$2.74 billion. Despite the earnings gain, the firm's gross profit margin contracted to 39.1 per cent from 41.5 per cent due to the rising cost of wood pulp. Chief executive Hui Lin-chit said he expected the price of wood pulp to... https://www.scmp.com/article/606806/hengan-posts-42pc-rise-interim-profit?utm_source=rss_feed https://www.scmp.com/article/606806/hengan-posts-42pc-rise-interim-profit?utm_source=rss_feed Wed, 05 Sep 2007 16:00:00 +0000 Personal hygiene products company Hengan International Group aims to reduce outsourcing and achieve higher margins by raising its production capacity after recording a 51 per cent jump in net profit to $450.2 million for last year. Deputy chairman and chief executive Hui Lin-chit said the company would spend $650 million this year, mainly on buying two new tissue paper production machines and eight new disposable diaper machines. With the new equipment, annual tissue paper production would... https://www.scmp.com/article/541398/hengan-aims-boost-capacity?utm_source=rss_feed https://www.scmp.com/article/541398/hengan-aims-boost-capacity?utm_source=rss_feed Tue, 21 Mar 2006 16:00:00 +0000 Hengan International Group expects lower gross margin this year and next, as it ramps up production of tissue paper and disposable diapers. But chief executive Hui Lin-chit, announcing interim results of the personal hygiene products maker yesterday, expected substantially larger profits and revenue as new factories started production this year and next. In the first half, Hengan's turnover rose 41.8 per cent to $1.53 billion while net profit soared 61.5 per cent to $204.07 million. But its... https://www.scmp.com/article/515221/margin-falls-profit-rises?utm_source=rss_feed https://www.scmp.com/article/515221/margin-falls-profit-rises?utm_source=rss_feed Tue, 06 Sep 2005 16:00:00 +0000 Hengan International posted a 21 per cent drop in profit in the first half despite the company paying a consultant a hefty fee to strengthen its operation. For the six months to June 30, China's largest sanitary napkin-maker's net profit was reduced to HK$89.86 million from HK$114.01 million a year ago. Turnover was down almost 10 per cent to HK$548.44 million from HK$608.49 million previously. The profit decrease was partly due to a fee of HK$12 million, paid to management consultancy firm... https://www.scmp.com/article/390292/hengan-shrugs-complaints-costly-consultant?utm_source=rss_feed https://www.scmp.com/article/390292/hengan-shrugs-complaints-costly-consultant?utm_source=rss_feed Tue, 03 Sep 2002 16:00:00 +0000 Hong Kong Exchanges and Clearing has publicly criticised a number of executives at Hengan International Group for not disclosing a connected transaction in time. Hengan International is China's largest maker of sanitary napkins. The exchange criticised chairman Sze Man-bok, deputy chairman Hui Chi-lin, directors Yeung Wing-chun, Hung Ching-shan, Zhang Shi-pao, Xu Da Zuo, and Xu Chun Man. It also criticised former director Stan Yue Wai-leung who resigned in March last year. The company... https://www.scmp.com/article/360003/hengan-criticised-over-loan?utm_source=rss_feed https://www.scmp.com/article/360003/hengan-criticised-over-loan?utm_source=rss_feed Thu, 11 Oct 2001 16:00:00 +0000 Hengan International Group saw attributable profit drop 30.8 per cent, to HK$209.16 million, in the year to December 31. This was despite a turnover up 3 per cent, to HK$1.16 billion, at the mainland's largest manufacturer of sanitary napkins. Earnings per share was 20.9 HK cents, down from 29.9 HK cents in 1999. The board of directors recommended a final dividend of 8 HK cents per share. Chairman Sze Man-bok attributed the decline to growing competition in the market, which prompted the... https://www.scmp.com/article/341422/hengan-down-30pc?utm_source=rss_feed https://www.scmp.com/article/341422/hengan-down-30pc?utm_source=rss_feed Mon, 12 Mar 2001 16:00:00 +0000 Hengan International Group's first-half profit has dropped 19.34 per cent from a year earlier to HK$129.15 million. The maker of sanitary napkins yesterday attributed the lower profit to the rising cost of raw materials and to intense competition in the mainland. 'Oversupply of sanitary napkins, especially low-end ones, persists, and the market growth continues to slow down,' executive director Xu Lianjie said. More than 99 per cent of Hengan's sanitary napkins are sold in the mainland. In... https://www.scmp.com/article/325674/hengan-blames-slide-high-costs-burden?utm_source=rss_feed https://www.scmp.com/article/325674/hengan-blames-slide-high-costs-burden?utm_source=rss_feed Tue, 05 Sep 2000 16:00:00 +0000 Mainland police are offering a reward of up to 200,000 yuan (HK$187,600) to track down the killers of a Hong Kong-listed company vice-president and his family in Fujian. Hengan International Group of Companies vice-president Wu Shijie, 49, his wife and two daughters were found tied and gagged at his company dormitory where they lived in Anhai town, Jinjiang city, on Monday. Initial reports suggested all windows at the scene were closed and the gas was turned on. The victims had suffocated. ... https://www.scmp.com/article/290598/187000-reward-mainland-find-killers-hk-listed-firms-boss?utm_source=rss_feed https://www.scmp.com/article/290598/187000-reward-mainland-find-killers-hk-listed-firms-boss?utm_source=rss_feed Wed, 11 Aug 1999 16:00:00 +0000 A vice-president of a Hong Kong-listed company, his wife and two daughters have been found murdered in their home in Fujian province. The bodies of Wu Shijie, 49, a vice-president of the Hengan International Group of Companies, and his family were found tied and gagged at the company dormitory where they lived in Anhai town, Jinjiang, on Monday. The gas in their home had been switched on. Officers said they believed the murders could be linked to financial matters. https://www.scmp.com/article/290494/family-tragedy?utm_source=rss_feed https://www.scmp.com/article/290494/family-tragedy?utm_source=rss_feed Tue, 10 Aug 1999 16:00:00 +0000