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01999 MAN WAH HLDGS

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  • 4.630
  • -0.030-0.64%
Market Closed Dec 23 16:08 CST
17.95BMarket Cap7.79P/E (TTM)

About MAN WAH HLDGS Company

Minhua Holdings Co., Ltd. (“Company”, “Company” or “Minhua” for short; together with its subsidiaries, the “Group” or “We”) Since its inception in Hong Kong in 1992, Minhua has always focused on sofas, mattresses, and smart homes. In 2017, Minhua's market capitalization surpassed HK$30 billion, ranking among the world's top listed home furnishing companies, and was the first to be selected as a constituent stock of Shanghai-Hong Kong Stock Connect and Hang Seng Index, becoming a large-scale multinational smart home enterprise integrating R&D, manufacturing, sales and service. As a powerful global supplier of functional sofas, mattresses and other furniture, Minhua has a modern manufacturing and logistics system, and has established 12 major manufacturing bases in Guangdong, Jiangsu, Tianjin, Chongqing, Northern Poland, Lithuania, Estonia, Ukraine, and Vietnam in Asia, bringing healthy, comfortable, value-added, and stylish homes to global consumers. Through a freight logistics network spread across four continents, thousands of containers and tens of thousands of sets of products are successfully exported to all parts of the world every month, and services are quickly delivered to thousands of households. In China, Minhua has formed a market network covering 30 provinces, autonomous regions, and municipalities directly under the Central Government, and has built its own strong logistics distribution system to provide fast door-to-door delivery services, bringing healthy and comfortable sofas, mattresses, and smart homes to thousands of households every day. Adhering to the mission of bringing health, comfort, value and style to thousands of households, Minhua integrates the global strategy of high-quality resources to lay out large homes. Currently, there are 11 series of the 3 major brands of Chivas, First Class, and Nicoletti NICOLETTI HOME, and uses intelligence, Internet +, big data, etc. to provide enterprises with technical innovation support. It has jointly developed an information system with the world IT giant Microsoft to promote smart stores in all aspects to build complete online and offline integrated solutions for users. At present, Minhua's self-developed products have applied for and authorized more than 200 appearance and technology patents, and continue to innovate, so that Minhua's products always maintain the core advantage of continuous innovation. As a strategic partner of many well-known home furnishing retailers around the world, Minhua has now set up 22 regional divisions and more than 200 branches around the world, spanning core economic regions such as Europe, America, Asia and Australia, and its marketing network spans core economic regions such as Asia, America, Europe, and Australia, and its products have sold well in nearly 100 countries and regions. Established more than 20 years ago, Minhua has been named “Forbes Asia Best Under A Billion”, “Hong Kong Business Oscar Outstanding Chinese Company”, “Guangdong Top 100 Private Enterprises”, “China's Top 500 Private Enterprises Manufacturing”, and “Best Investor Return to Hong Kong Stock Connect”. Its brands, Chivas, and First Class brands have successively been selected for the “American Jianfeng Design Asia Pacific Award”, “China's 500 Most Valuable Brands”, and “Top 500 Asian Brands”, etc., and have become leading brands in the Chinese home furnishing industry. Minhua has always wholeheartedly carried out social responsibility. As a driving force and innovator in the furniture manufacturing industry, Minhua is promoting the upgrading of the Chinese home furnishing brand, making every effort to build an integrated platform for smart home product value chains, bringing impetus to the development of the industry. We actively participate in environmental protection, adopt an efficient sewage circulation treatment system, optimize the energy structure, promote energy saving and emission reduction, and independently spend over 100 million yuan to build a solar photovoltaic power generation system on the roof of our own factory house at the production base. The annual power generation capacity will reach 15 million ten million hours, which is equivalent to planting 0.01 million million million hours Carbon emissions absorbed by multiple trees. It has become the first company in the industry to focus on solar clean energy applications, and has opened a new chapter in the application of clean energy in the furniture industry. Minhua enthusiastically invests in public welfare undertakings, feeds back society with love, and also creates a comfortable living environment for employees and provides valuable opportunities for continuous growth. Over the years, she has cooperated with world-renowned educational institutions such as Harvard, the University of Chicago, Peking University, and Tsinghua University to cultivate all kinds of talents for the community, so that more people can realize and enhance the value of life. In the future, Minhua will work to build a world smart home center and promote the upgrading and development of the global home furnishing industry. It will continue to be committed to the mission of the enterprise, the pursuit of dreams, and contribute to a more comfortable and beautiful life for thousands of households.

Company Profile

Symbol01999
Company NameMAN WAH HLDGS
ISINBMG5800U1071
Listing DateApr 9, 2010
Issue Price6.80
Shares Offered241.27M share(s)
FoundedNov 4, 2004
Registered AddressBermuda
Chairmanminli huang
Secretaryxian zhang
Audit InstitutionHong Kong PricewaterhouseCoopers
Company CategoryOther
Registered OfficeVictoria Place, 5th Floor 31 Victoria Street Hamilton HM 10 Bermuda
Head Office and Principal Place of Business1st Floor, Wah Lai Industrial Centre, 10-14 Kwai Tei Street, Fotan, New Territories, Hong Kong
Fiscal Year Ends03-31
Employees27246
MarketHong Kong motherboard
Phone(852)39152288;(852)27120091;(852)39152289
Fax(852)27120630;(852)22468485;(852)22468484
Emailmanwah@manwahholdings.com;IR@manwahgroup.com
Business Minhua Holdings Co., Ltd. is an investment holding company, mainly engaged in the production and sale of sofa products. The company operates through three business segments. The North American Marketing Division manufactures and sells sofas and related products for customers in the United States of America (US), Canada and other North American countries. The European and Other Overseas Markets Division manufactures and sells sofas and related products for overseas customers (excluding North American customers). The China Marketing Division is engaged in the manufacture and distribution of sofas and related products, mattresses and bedding in mainland China, Hong Kong and Taiwan.

Company Executives

  • Name
  • Position
  • Salary
  • minli huang
  • Presidencies, President, CEO, Executive Director, Chairman of the Nomination Committee, Remuneration Committee Members, Authorized Representative
  • 2.14M
  • huiqing xu
  • Executive Director
  • 463.00K
  • Alan Marnie
  • Executive Director
  • 7.46M
  • quanfa dai
  • Executive Director
  • 4.06M
  • yingying huang
  • Executive Director
  • 1.57M
  • chengyan zhou
  • Independent Non-Executive Director, Chairman of the Audit Committee, Nomination Committee Members, Remuneration Committee Members
  • 430.00K
  • songnian jian
  • Independent Non-Executive Director, Remuneration Committee Members, Nomination Committee Members, Audit Committee Members
  • 430.00K
  • yuan ding
  • Independent Non-Executive Director, Remuneration Committee Chairman, Audit Committee Members, Nomination Committee Members
  • 430.00K
  • shaoxin yang
  • Independent Non-Executive Director, Audit Committee Members
  • 430.00K
  • xian zhang
  • Authorized Representative, Company Secretary
  • --
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