Man Wah Holdings (1999) investor relations material

Executive summary

• Revenue for the six months ended 30 September 2025 was HK$8,044.8 million, down 3.1% year-over-year, but net profit attributable to equity owners rose 0.6% to HK$1,145.6 million, with gross and net profit margins improving to 40.4% and 14.2%, respectively.

• The Group maintained robust performance in both domestic and overseas markets despite global economic challenges, leveraging flexible operations, cost control, and operational efficiency.

Financial highlights

• Gross profit margin increased by 0.9 percentage points year-over-year to 40.4%; net profit margin improved by 0.5 percentage points to 14.2%.

• Other income rose 18.0% to HK$196.0 million, mainly from government subsidies and interest income.

• Earnings per share were HK29.54 cents, up from HK29.37 cents year-over-year.

• Interim dividend of HK15.0 cents per share declared, unchanged from the prior year.

• Finance costs dropped 45.0% to HK$40.2 million.

Outlook and guidance

• Plans to deepen product innovation, expand online sales, and optimize store layout in China.

• Overseas strategy includes supply chain optimization, participation in global exhibitions, and seeking acquisitions to expand global presence.

• Proposed spin-off of subsidiary Remacro Technology Co., Ltd. for separate quotation on the NEEQ to unlock value.