---
title: "Man Wah Holdings’ Annual Profit Declines as Revenue and Margins Ease"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286512641.md"
description: "Man Wah Holdings reported a decline in annual profit, with revenue falling to HK$16.43 billion from HK$16.90 billion and net profit dropping to HK$1.81 billion from HK$2.06 billion. The company's operating profit decreased to HK$2.45 billion due to higher expenses, reflecting a challenging market environment. Basic earnings per share also fell to 46.74 Hong Kong cents, indicating a moderation in profitability that may impact future returns."
datetime: "2026-05-15T04:07:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286512641.md)
  - [en](https://longbridge.com/en/news/286512641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286512641.md)
---

# Man Wah Holdings’ Annual Profit Declines as Revenue and Margins Ease

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Man Wah Holdings ( (HK:1999) ) has issued an announcement.

Man Wah Holdings reported audited consolidated results for the year ended 31 March 2026, with revenue slipping to HK$16.43 billion from HK$16.90 billion and gross profit declining to HK$6.48 billion, reflecting softer sales and margin pressure. Net profit attributable to shareholders fell to HK$1.81 billion from HK$2.06 billion, while basic earnings per share dropped to 46.74 Hong Kong cents, signaling a year-on-year moderation in profitability that stakeholders will watch closely for implications on future returns and competitive positioning.

Operating profit decreased to HK$2.45 billion amid higher selling and distribution expenses and rising administrative costs, partially offset by reduced finance costs and a smaller net loss from other items. The company’s overall profit for the year slipped to HK$1.90 billion from HK$2.15 billion, underscoring a challenging operating environment that may influence management’s capital allocation, cost-control measures and its ability to sustain earnings growth in a competitive furniture market.

**More about Man Wah Holdings**

Man Wah Holdings Limited is a Bermuda-incorporated furniture manufacturer listed in Hong Kong, focusing on upholstered products such as sofas and related home furnishings. The group operates through multiple subsidiaries and sells into both domestic and overseas markets, positioning itself as a mass-market player in the global home furniture sector.

**Average Trading Volume:** 5,595,929

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$16.75B

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