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L'Oréal Suppliers' Surfactant Segment Grows 10.35% in 2022 H1

Hunan Resun reported operating revenue of 1.323 billion yuan(about $192 million) in the first half of the year, up 9.59% year-on-year. Its cooperating brands include Procter & Gamble, L'Oreal, etc. Its main business is surfactants and detergents.



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On August 30, Resun Industries announced its 2022 interim results report. In the first half of the year, Resun Industries recorded a total revenue of 1.323 billion yuan(about $192 million), an increase of 9.59% year-on-year. The net profit attributable to the parent company of the first half of the year was 50.5578 million yuan(about $7.34 million), a decline of 46.78% year-on-year. Its net profit attributable to the parent company of the deducted non-net profit was 44.1235 million yuan(about $6.4 million), a decline of 52.06% year-on-year.


CHAILEEDO learned that the company is known as Hunan Resun Industries Co., Ltd., founded on November 24, 1997. It was listed on the Shenzhen Stock Exchange on October 15, 2021 with main business of research and development, production and sales of surfactants and detergents.


In response to the revenue growth, Resun Industries said that it was mainly due to the increase in ingredient prices and the increase in sales prices of major products. In addition, in the first half of the year, Resun Industries operating costs rose by 18.92% to 1.167 billion yuan(about $169 million), mainly due to the increase in ingredient prices.


The main business of Resun Industries is the research and development, production and sales of surfactants and detergents. In the first half of 2022, surfactants accounted for 90.85% of the main business revenue which achieved 1.202 billion yuan(about $174.4 million), an increase of 10.35% over the same period last year. The product is the core ingredients for personal care and household detergents such as shampoo, body wash, hand soap, laundry detergent, laundry powder.


The company's existing surfactant products include AES, LAS, K12, ammonium salts, AOS, alkanolamides, amino acids and other series with natural oils and fats as the core raw materials, which are mostly located in the middle and high-end detergent care market. Its customers include P&G, Blue Moon, Nice, Walch, Wipro, Jinlongyu Jiejin, L’Oreal, Schwarzkopf, Coty, Colgate, Lipton, FYOU, Adolph, Bawang, Yunnan Baiyao, Uniasia Technology, Reckitt Benckiser, Opal, Di Hua Zhi Xiu and so on. At present, it has three production bases in Changsha, Shanghai and Dongguan with an annual production capacity of more than 300,000 tons of surfactants. Its leading products ranked among the top three in China in 2021.


For detergents, against the backdrop of substantial price fluctuations of major ingredients and the continued spread of the epidemic, the company's total sales of surfactants and detergents fell 6.13% year-on-year. The total revenue of detergent products was 90.5483 million yuan(about $13.14 million), down 6.78% from the same period of the previous year, accounting for 6.85% of the total revenue. The main source of revenue was its own brands including Ma Tou, Guang Hui and Bei Hua.


It is worth mentioning that on June 7, Resun Industrial announced that the initial public offering of shares to raise funds for the investment project "150,000 tons of green surfactant project of Guangdong Resun Aowei Industrial Company". The trial production period is from June 6, 2022 to March 5, 2023 and the current trial production situation is generally good.

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