On September 27th, Huazhang Tech (01673.HK) announced that for the year ended June 30, 2024, the group's revenue was 0.448 billion yuan, a year-on-year decrease of 15.3%; the group recorded a loss of approximately 18.6 million yuan, a decrease of about 34.2 million yuan compared to the same period last year. Basic loss per share is 1.60 yuan.

In recent years, due to advancements in production technology, excellent product performance, and strong growth in downstream market demand, China's non-woven fabric industry has experienced rapid development. Currently, China has become the largest producer and consumer of non-woven fabrics globally. The diversified production technology of non-woven fabrics has led to their widespread use in various downstream sectors, mainly including medical hygiene, personal hygiene products, cleaning wipes, packaging, filtration, and automotive interiors. Among these applications, the medical hygiene sector occupies a dominant position in the non-woven fabric industry. With consumers' pursuit of high-quality living, the market demand for disposable non-woven fabric products such as baby diapers, adult incontinence products, and feminine hygiene products continues to grow, with category penetration rates steadily increasing. These trends in consumption upgrade are expected to be a major driving force for the future development of the non-woven fabric industry.