18 November 2025 Man Wah reported its Sep-ended 1HFY26 results with top line declined by 3.1% YoY to HK$8.04bn mainly due to a MSD YoY drop in both sofas and bedding sales. GPM increased by 0.9ppt YoY to 40.4%. The
CROSBY Research – Man Wah Holdings (1999 HK/NR): 1HFY26 NP increased by 0.6% YoY on higher GPM


