On April 15th, HUNAN RESUN Co., Ltd (hereinafter referred to as RESUN), a Chinese surfactant manufacturing enterprise, released its annual report for 2023.
In 2023, RESUN achieved operating income of 3.249 billion yuan, a year-on-year increase of 6.72%. The net profit attributable to shareholders of the listed company reached 135 million yuan, up 13.15% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 126 million yuan, a year-on-year increase of 19.17%.
According to the financial report, RESUN’s main business is the research, production, and sales of surfactants and detergent products. Among them, the revenue from surfactants was 2.996 billion yuan, an increase of 7.42% compared to the same period last year, accounting for 92.23% of the revenue, with a gross profit margin of 11.89%. The report pointed out that these products are core raw materials for personal care and household detergent products such as shampoo, shower gel, hand sanitizer, laundry detergent, and laundry powder.
In terms of detergent products, the revenue in 2023 was 202 million yuan, a year-on-year increase of 5.80%, with a gross profit margin of 21.48%. Among them, the revenue from proprietary brands was 153 million yuan, an increase of 25.32% compared to the same period last year, with a gross profit margin of 21.92%. OEM revenue was 48.7335 million yuan, a decrease of 29.08% compared to the same period last year; other business revenue was 49.7819 million yuan, a year-on-year decrease of 21.23%.
In the financial report, RESUN stated that in 2023, the company adhered to the operating principles of “cost control and efficient operation,” focusing on internal management, expanding the market, and driving innovation. The company achieved growth in revenue, profit, and market share.
Looking ahead, RESUN stated that in the next three years, the company will increase production and expand sales of surfactant products, enhance product technology and variety, expand the customer base and market share of high-quality customers, and leverage its advantage in detergent raw material supply. The company will also adhere to the operating principles of “internal lean management and external steady expansion,” striving to achieve a sales volume growth of 8%-15% compared to the previous year.
