---
title: "敏華控股有限公司 (01999.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/01999.HK.md"
symbol: "01999.HK"
name: "敏華控股有限公司"
industry: "家具/家居制造商"
---

# 敏華控股有限公司 (01999.HK)

| Item | Detail |
|------|--------|
| Industry | 家具/家居制造商 |
| Location | 港股市場 |
| Website | [www.manwahholdings.com](https://www.manwahholdings.com) |

## Company Profile

敏華控股有限公司是一家投資控股公司,主要從事生產及銷售沙發產品業務。該公司通過叁個業務部門運營。北美市場部為美利堅合眾國(美國)、加拿大及其他北美國家的客戶製造及銷售沙發及相關產品。歐洲及其他海外市場部為海外客戶(北美客戶除外)製造及銷售沙發及相關產品。中國市場部在中國內地、中國香港及中國臺灣從事製造及分銷沙發及相關產品、床褥和床上用品業務。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: B (0.40)**

**Industry**: Home Furnishings

| Metric | Value |
|--------|-------|
| Industry Ranking | 1 / 11 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.39% |  |
| Net Profit YoY | -10.24% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.36 |  |
| Dividend Ratio | 5.65% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 18.54B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 16.64B |  |


**Multi Score**: B

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 15.66% | A |
| Profit Margin | 12.43% | B |
| Gross Margin | 40.40% | B |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.39% | D |
| Net Profit YoY | -10.24% | D |
| Total Assets YoY | -0.20% | D |
| Net Assets YoY | 6.45% | B |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 804.25% | B |
| OCF YoY | -6.39% | D |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.79 | B |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 30.16% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 敏華控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "15.66%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "12.43%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "40.40%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-6.39%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-10.24%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "-0.20%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.45%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "804.25%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "-6.39%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.79",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "30.16%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 敏華控股 (HK.1999) | B | D | B | B | C | B |
| 02 | 曠世芳香 (HK.1925) | B | B | A | C | B | B |
| 03 | 太平地氈 (HK.146) | B | C | B | C | B | B |
| 04 | 興利(香港)控股 (HK.396) | B | D | B | A | D | B |
| 05 | 卡森國際 (HK.496) | C | B | D | B | B | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 8.96 | 3/11 | 8.98 | 8.42 | 7.80 |
| PB | 1.36 | 8/11 | 1.42 | 1.36 | 1.29 |
| PS (TTM) | 1.11 | 8/11 | 1.11 | 1.04 | 0.97 |
| Dividend Yield | 5.65% | 3/11 | 6.96% | 6.01% | 5.65% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-08T16:00:00.000Z

Total Analysts: **10**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 5 | 50% |
| Overweight | 1 | 10% |
| Hold | 4 | 40% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 4.78 |
| Highest Target | 6.50 |
| Lowest Target | 4.50 |

## References

- [Company Overview](https://longbridge.com/en/quote/01999.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/01999.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/01999.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.