HK Stock Market Move | MAN WAH HLDGS(01999) rose more than 3%, with a year-on-year increase of 0.6% in mid-term net profit, continuing to provide high proportions of shareholder returns.

Man Wah Holdings (01999) rose more than 3%, reaching a high of 5.24 Hong Kong dollars, hitting a new high for the year. As of the time of writing, it had increased by 3.37% to 5.22 Hong Kong dollars, with a turnover of 191.385 million Hong Kong dollars. In terms of news, on November 14, Minhua Control released its performance for the six months ending September 30, 2025, with total revenue of 8.241 billion Hong Kong dollars, a decrease of 2.7% year-on-year; the company's attributable profit was 1.1456 billion Hong Kong dollars, an increase of 0.6% year-on-year. The announcement stated that during the period, the group's operating income decreased by approximately 3.1% year-on-year, but thanks to strict cost control and good operating efficiency, the gross profit margin increased by 0.9 percentage points to 40.4% annually, and the net profit margin also increased by 0.5 percentage points to 14.2%, leading the industry. The interim dividend is 15 Hong Kong cents. Cinda commented that in the face of escalating international trade frictions and weak domestic demand, the company has maintained stable overall performance and improved profitability against the background by employing flexible business strategies and sound financial management. Looking ahead, the bank believes that the impact of tariff sharing will gradually settle, which may affect the reported profitability, but the company continues to reduce costs and increase efficiency, and is expected to maintain stability overall. In addition, the company's FY26H1 dividend payout ratio is 50.8%, continuing the trend of high dividends exceeding 50%.