Ming Fai International Holdings Limited (03828) released a voluntary announcement covering business developments and unaudited financial highlights for the nine months ended 30 September 2025. Revenue stood at HK$1,649.2 million, representing a 2.3% decline compared to the same period in 2024. Gross profit reached HK$368.0 million, down 12.4% year on year, with the Group’s overall gross profit margin at 22.3% versus 24.9% in 2024.

According to the announcement, decreased revenue in the health care and hygienic products segment contributed significantly to the overall decline. This segment faced disruptions due to the relocation of certain production facilities from China to Cambodia, a move driven by tariff policies in the United States. The drop was partially offset by increased revenue in the operating supplies and equipment segment. The hospitality supplies segment’s higher manufacturing costs also contributed to the Group’s lower gross profit margin.

The Group reported HK$425.2 million in cash and cash equivalents as of 30 September 2025. Trade and bills receivables amounted to HK$722.2 million. Management continues to assess financial performance and monitor global economic, geopolitical, and operational risks. The announcement advised shareholders and potential investors to exercise caution when dealing in the Company’s shares.