On August 28th, Hunan Resun Industrial Co., Ltd. (hereinafter referred to as Resun) released its 2023 half-year financial report.
In the first half of 2023, Resun achieved operating revenue of 1.51 billion yuan ($207.3 million), a year-on-year increase of 14.16%. The net profit attributable to shareholders of the listed company reached 70.48 million yuan ($9.68 million), a year-on-year increase of 39.41%. The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, reached 63.6288 million yuan ($8.74 million), a year-on-year increase of 44.21%.
The financial report shows that Resun main business is the research, development, production, and sales of surfactants and detergents. The revenue from surfactants reached 1.391 billion yuan ($191 million), an increase of 15.79% compared to the same period last year, with a gross profit margin of 11.20%. These products serve as core raw materials for personal care and household cleaning products such as shampoos, shower gels, hand soaps, laundry detergents, and laundry powders.
In terms of detergents, the revenue in the first half of the year was 94.8559 million yuan ($13.02 million), a 4.76% increase compared to the same period last year. Among them, the revenue from proprietary brands was 70.371 million yuan ($9.66 million), a 19.20% increase compared to the same period last year, with a gross profit margin of 21.73%. The revenue from OEM (Original Equipment Manufacturer) was 24.4848 million yuan ($3.36 million), a 22.30% decrease compared to the same period last year. The revenue from other businesses was 23.7434 million yuan ($3.26 million), a year-on-year decrease of 22.13%.
