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1044.HK — HKEX Personal Products

Hengan International Group Co Ltd

HK$24,66
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Mcap
28,6B HKD
P/E
—
EV / Rev
—
Div yield
5,84 %
Op margin
15,1 %
ROE
11,7 %
Net margin
11,0 %
Debt / equity
0,72
Beta
—
52w range
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Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
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TR 1Y
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About

Hengan International Group Co Ltd manufactures and distributes personal care products, primarily wet wipes, generating revenue through the sale of consumer hygiene goods.

Business. Hengan International Group Co Ltd (1044.HK) is a consumer non-cyclical company engaged in the personal products industry, primarily generating revenue through product sales. The firm is headquartered in Hong Kong and is listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %
SectorConsumer Non-Cyclicals
Business sectorPersonal & Household Products & Services
IndustryPersonal Products
Generated · model-assisted
Sell-side consensus
HOLD11 analysts
2 buy9 hold0 sell
Avg 12m price target28,79

Analyst recommendations

11 analysts · consensus Hold
Buy2
Hold9
Sell0
12-month price target
28,79
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
11 analysts · indicative
Ownership
—
not yet wired
Profitability→
11,7 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 1044.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,4 %−2,7 %−0,9 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Consumer Staples · THIS SECTOR−0,7 %+2,3 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 1044.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Hengan International Group Co Ltd (1044.HK) is a consumer non-cyclical company engaged in the personal products industry, primarily generating revenue through product sales. The firm is headquartered in Hong Kong and is listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

    Classification92 %
    SectorConsumer Non-Cyclicals
    Business sectorPersonal & Household Products & Services
    IndustryPersonal Products
    AI synthesis
    GENERATED

    Hengan International maintains a balanced capital structure with a debt-to-equity ratio of 0.72 and a current ratio of 1.15. The company holds CNY 5.74 billion in cash and equivalents against CNY 15.76 billion in long-term debt, resulting in a net cash position that is negative after subtracting total debt. This leverage profile supports a market capitalization of CNY 26.84 billion, trading at a price-to-book multiple of 1.23.

    Profitability metrics indicate efficient capital deployment, with a return on equity of 11.65% and a return on assets of 5.87%. The company generated CNY 2.54 billion in net income from CNY 23.07 billion in revenue, reflecting a net margin of approximately 11%. Operating income stood at CNY 3.48 billion, demonstrating strong operational leverage relative to gross profit of CNY 7.81 billion.

    Key takeaways
    • Hengan International trades at a modest valuation with a P/E of 10.59 and EV/EBITDA of 10.58, reflecting mature industry dynamics.
    • The company generates strong free cash flow of CNY 1.02 billion, indicating robust operational efficiency despite high capital intensity.
    • Net cash is negative due to CNY 15.76 billion in long-term debt, creating a medium liquidity risk profile.
    • Return on equity of 11.65% demonstrates effective use of shareholder capital in the personal products sector.
    • Dilution risk is assessed as low, with basic and diluted shares outstanding being identical at 1.16 billion.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$24,66
    Market cap
    HK$26.84B
    Enterprise valueⓘ
    HK$36.86B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    11.4x
    P / Bⓘ
    1.2x
    P / Tangible bookⓘ
    1.2x
    Tangible book
    HK$21.75B
    Net cashⓘ
    -HK$10.02B
    Current ratioⓘ
    1.1
    Debt / equityⓘ
    0.7
    ROAⓘ
    5.9%
    ROEⓘ
    11.7%
    Cash conversionⓘ
    128.0%
    CapEx / revenueⓘ
    -4.2%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    2,16
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    11
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-20 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate2,14
    Revenue—no estimate—no estimate23,4B CNY
    Operating income—no estimate—no estimate2,8B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output (TimesFM V1) — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution9 analysts
    Strong buy0
    Buy2
    Hold7
    Sell0
    Strong sell0
    12-month price targetHK$27,05 · Median HK$25,75
    Low HK$21,00High HK$34,90
    Operating income · consensus2,8B CNY
    EPS surprise
    +4,3 %
    reported vs consensus · beat
    Revenue surprise
    −1,4 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$24,00
    MeanHK$28,79
    MedianHK$28,60
    HighHK$34,90
    SpotHK$24,66
    +16.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin15,1 %Above P75
    Net Margin11,0 %Above P75
    ROE11,7 %Above P75
    Capex / Rev-4,2 %Below median
    D/E0,72Bottom quartile
    Cash Conv1,28Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    • Return On Assets
      net_income / total_assets
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    Source documents
    • Hengan International Group Co Ltd Market data — financials · 2026-07-11

    Ownership & reference

    Leadership

    • Man Bok SzeExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    Hang Seng

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1044.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage