Man Wah Holdings Limited
1999.HK
Hong Kong Stock Exchange3.03
HKD
- -
- -
Man Wah Holdings Limited
1999.HK
(Hong Kong Stock Exchange)
Recent
price
3.03
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 Wah Holdings Limited is an investment holding company engaged in the research, development, production, sale and related services of sofas, mattresses, panel furniture and furniture accessories. The company operates through segments including sofas and ancillary products, bedding and ancillary products, other products, Home Group business and other businesses; sofas and ancillary products, which represent the largest revenue contributor, encompass recliner sofas featuring proprietary "zero wall" and "close alignment with the wall" technologies under brands such as CHEERS, First Class CHEERS, MW Home, Edge, Easy Motion, Futura, SleepCheers and Nicoletti Home, while bedding products include 5-star mattress series and smart bed series, and other products comprise metal frames, smart furniture components and accessories produced by subsidiaries like Rui Mai Machinery and Chenguanglong Group. Man Wah manufactures and distributes these products through wholesale, distributors and retail channels, serving domestic consumers in China via over 7,500 brand specialty stores and exporting to markets in North America, Europe, Vietnam and others, with production facilities spanning 12 global low-carbon parks in locations including Huizhou and Wujiang in China, Pingyang in Vietnam, Poland, Lithuania, Estonia and Ukraine. Founded in 1992 and headquartered in Hong Kong with its principal place of business in Fotan, New Territories, the company listed on the Hong Kong Stock Exchange in 2010 under ticker 1999.HK and maintains a controlling shareholder in Man Wah Investments Limited. In recent developments, Man Wah reported revenue of HK$16.9 billion for the fiscal year ended March 31, 2025, reflecting an 8.2% decline primarily from softer domestic demand in China amid consumption slowdowns, offset by export growth including 3.2% revenue increase in North America to HK$4.4 billion and 22.9% rise in Europe and other overseas markets to HK$1.5 billion; the company achieved gross profit margin expansion to 40.5% through cost controls on raw materials like leather and steel, added a net 131 stores in China to total 7,367 outlets excluding certain partnerships, appointed actor Wu Jing as CHEERS brand spokesman to boost awareness, recorded Home Group revenue growth of 15.3% to HK$777 million driven by European demand, resolved a major legal claim via out-of-court settlement in May 2024, declared an interim dividend of HK15 cents per share for the half-year ended September 30, 2024 with a 51.1% payout ratio, and continues seeking furniture acquisition opportunities while upholding its position as the world's largest recliner sofa seller by volume for the seventh consecutive year per Euromonitor data.