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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Man Wah Holdings
Man Wah Holdings (1999) investor relations material
Man Wah Holdings H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary15 May, 2026
Executive summary
Revenue for FY2026 was HK$16,429.2 million, down 2.8% year-over-year, with gross profit margin declining to 39.4% from 40.5%.
Net profit attributable to owners fell 12.1% to HK$1,812.4 million, mainly due to lower revenue, margin compression, and higher selling/distribution expenses.
The Group maintained global leadership in recliner sales volume and completed the acquisition of Gainline Group in the US to enhance North American operations.
Financial highlights
Revenue: HK$16,429.2 million (down 2.8% YoY); gross profit: HK$6,478.4 million (down 5.4% YoY).
Net profit: HK$1,812.4 million (down 12.1% YoY); net profit margin decreased to 11.0% from 12.2%.
EPS: Basic and diluted at 46.74 and 46.72 HK cents, respectively (down from 53.19 HK cents YoY).
Final dividend proposed at HK$0.09 per share; total dividends for FY2026 represent 51.3% payout ratio.
Outlook and guidance
The Group expects continued global economic uncertainty, with focus on operational efficiency and prudent strategy.
Plans to enhance product intelligence, health orientation, and expand global manufacturing and logistics footprint.
Will leverage China's consumption-driven policies and further develop online channels and lifestyle-focused products.
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Next Man Wah Holdings earnings date
H1 202716 Nov, 2026
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Frequently asked questions
Man Wah Holdings Limited is a furniture manufacturing company primarily engaged in the design, production, and distribution of upholstered furniture, including recliners, sofas, and mattresses. The company serves both domestic and international markets, offering a range of products known for comfort and functionality. In addition to manufacturing, Man Wah operates a retail network and exports its furniture through various sales channels, reaching customers in the United States, Europe, and Asia. The company is headquartered in Hong Kong, China, and its shares are listed on the HKEX.