HK Stock Market Move | MAN WAH HLDGS (01999) continues to fall by over 4%, with the stock price dropping by a total of 15% after earnings. The company's profit for the 2026 fiscal year is under pressure.

MAN WAH HLDGS (01999) continued to fall by more than 4%, with the stock price falling by 15% after the performance announcement. As of the time of writing, it has fallen by 4.01% to HK$3.59 with a trading volume of HK$69.9802 million. On the news front, on May 15, MAN WAH HLDGS released its annual financial results for the 2026 fiscal year. The company achieved a revenue of HK$16.429 billion, a year-on-year decrease of 2.8%; and a net profit attributable to shareholders of HK$1.812 billion, a year-on-year decrease of 12.1%. Cinda believes that the company's revenue has benefited from the growth of online channels domestically and overseas expansion, showing strong resilience; however, the profit has been under pressure mainly due to the expansion of online costs in the domestic market and the impact of external factors such as tariffs, raw materials, and exchange rates (resulting in a loss of approximately HK$40 million for the whole fiscal year). Looking ahead, Cinda expects the impact of tariffs and exchange rates to weaken, but the pressure from raw materials is increasing, leading to continued pressure on profitability in the short term.