HK Stock Market Move | MAN WAH HLDGS (01999) fell more than 6% in the afternoon, with annual net profit decreasing by 12.13% year-on-year to HK$1.812 billion.
Minmetals Land Ltd. (01999) fell more than 6% in the afternoon, down 4.26% to HK$4.05 as of the time of writing, with a turnover of HK$29.68 million.
MAN WAH HLDGS (01999) fell more than 6% in the afternoon, dropping 4.26% to 4.05 Hong Kong dollars, with a turnover of 296.812 million Hong Kong dollars.
On the news front, MAN WAH HLDGS released its annual results for the period ending on March 31, 2026. The group's total revenue was 16.751 billion Hong Kong dollars, a decrease of 2.89% year-on-year; net profit attributable to shareholders was 1.812 billion Hong Kong dollars, a decrease of 12.13% year-on-year; and earnings per share were 0.09 Hong Kong dollars. The announcement stated that the decrease in profit was mainly due to a reduction in operating income, a decrease in gross profit margin, and an increase in sales and distribution expenses. Despite the changing external environment, the group has maintained a relatively resilient overall business performance through continuous optimization of production efficiency, adjustment of product mix, and strengthening of channel management.
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HK Stock Market Move | Hengke Index fell by over 3% in the afternoon, with technology stocks generally declining. The US dollar and bond yields remained high.
HK Stock Market Move | Cement stocks collectively fell, the industry's prosperity in the first quarter hit bottom, supply was cleared to accelerate supply-demand rebalancing.
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