Stock Track | Man Wah Holdings Plummets 5.20% Intraday After Reporting 12% Profit Decline and Revenue Miss

Stock Track
05/15

MAN WAH HLDGS (01999) saw its shares plummet 5.20% during intraday trading on Friday, following the release of its annual financial results for the period ended March 31, 2026.

The furniture manufacturer reported a 12.1% year-on-year decline in profit attributable to shareholders to HK$1.81 billion. Revenue fell 2.8% to HK$16.43 billion, missing analyst estimates of HK$16.68 billion. The company's gross profit margin narrowed by 1.1 percentage points to 39.4%, reflecting intensified price competition and a softer domestic market in China.

Selling and distribution expenses climbed 8.7% to HK$3.34 billion, driven partly by a significant increase in U.S. tariff payments on Vietnam-sourced exports, which rose to HK$283.40 million from HK$7.99 million previously. Sales in mainland China declined 6.3% to HK$9.59 billion, reducing the domestic share of revenue to 58.4%.

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