Jinwu Financial News | Minhua Holdings (01999)'s stock price fell repeatedly. As of press release, it fell 2.32% to HK$4.64, with a turnover of HK$19.5596 million.
The company announced at noon that for the mid-term up to September 30, 2024, shareholders' profit was HK$1.139 billion, up 0.25% year on year; the Group's total revenue was HK$8.471 billion, down 7.43% year on year; and profit per share was HK$29.37 billion. An interim dividend of HK15 cents was paid; gross profit was HK$3.281 billion, a year-on-year decrease of 6.05%.
In detail, the Group's sofa and ancillary products business achieved a total revenue of about HK$5.817 billion, down 5.8% year on year, mainly due to the combined impact of revenue falling 15.6% to HK$3.286 billion in the Chinese market and revenue growth of 10.8% to HK$2.531 billion in overseas markets. Furthermore, the bedding and ancillary products business achieved a total revenue of about HK$1.209 billion, down 18.9% year on year, mainly due to a significant decline in consumption in the Chinese market; revenue from other products reached approximately HK$0.836 billion, down about 7.8% year on year. In the review period, the Group's revenue from Home Group reached approximately HK$0.371 billion, up 24.5% year over year, mainly due to increased demand in the European market.
