Man Shun Group (Holdings) Limited
1746.HK
Hong Kong Stock Exchange0.43
HKD
+0.01
- -
Man Shun Group (Holdings) Limited
1746.HK
(Hong Kong Stock Exchange)
Recent
price
0.43
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Man Shun Group (Holdings) Limited, an investment holding company incorporated in the Cayman Islands in 2018 and listed on the Hong Kong Stock Exchange, provides heat, ventilation, and air-conditioning (HVAC) electrical and mechanical (E&M) engineering services principally in Hong Kong, where it operates as a first-tier or second-tier subcontractor for new residential property development projects; its core offerings encompass installation services only and installation services bundled with HVAC systems procurement, including ancillary items such as pipes and fittings, supplemented by repair and other services income as well as sale of materials. Headquartered at Room 1908, 19th Floor, Cheung Fung Industrial Building, Nos. 23-39 Pak Tin Par Street, Tsuen Wan, New Territories, Hong Kong, the group traces its business history to 1996 through subsidiaries including Man Tung Air-conditioning Works Limited, Man Tung Air-conditioning E&M Limited, and Shun Tung Engineering Company Limited, and maintains registrations as a Registered Electrical Contractor under the Electrical and Mechanical Services Department, a minor works contractor of Types A, D, and E (Classes II and III) under the Building Authority, and a registered subcontractor under the Construction Industry Council's scheme. A subsidiary of Prime Pinnacle Limited, it serves the Hong Kong construction sector exclusively amid a challenging environment marked by property sector slumps and project delays. For the six months ended June 30, 2025, revenue declined 36.6% year-over-year to HK$44.0 million, primarily from installation services with HVAC procurement at HK$33.3 million and installation-only at HK$10.7 million, yielding a gross profit margin improvement to 21.3% from 9.1%, though the group posted a net loss of HK$1.4 million due to reduced project volumes and elevated administrative costs including legal fees; it secured three new contracts totaling HK$103 million during the period, added right-of-use assets of HK$0.7 million for office premises and equipment, and reported no significant capital commitments, acquisitions, partnerships, funding rounds, or reorganizations, with operations financed internally from cash reserves of HK$79.5 million and a low gearing ratio of 0.7%.