SHANGHAI, April 19, 2024-

Chinese hygiene products manufacturer Haoyue Personal Care Co. (Haoyue) posted its financial results for the year 2023. Revenue was 2.76 billion yuan ($381 million), dropped by 1.62% compared with 2022. Net profit attributable to the owners of the parent was 438.6 million yuan, grew by 3.72% year on year. Net profit attributable to owners of the parent after deducing non-recurring profit and loss was 423.28 million yuan, increased by 7.37%.

Revenue of its personal care business was 2.68 billion yuan, fell by 2.26%. Accounting for 71.59% of the total revenue, revenue of its baby hygiene products business was 1.98 billion yuan in 2023, which decreased by 2.79% year on year. Revenue of the adult hygiene products business was 555 million yuan, down by 10.61%. Revenue of other hygiene products (including wipes, moist toilet paper, etc.) jumped by 69.66% to 87 million yuan.

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