MAN WAH HLDGS(01999)

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消费场景焕新,市场活力迸发
Qi Lu Wan Bao· 2025-10-10 07:20
金秋家博会搭台 多重优惠让利多 国庆假期的济宁金宇家居商场内,咨询选购的消费者络绎不绝,节日消费的热度扑面而来。"年初就开始筹 备旧房改造,3月定了硬装材料,趁着长假终于能集中时间敲定软装。平常工作忙没时间,现在放假能慢慢 逛、仔细选,特别方便。"正在挑选软装的刘女士道出了不少消费者的心声,也折射出假期消费的典型需 求。 为进一步激发消费潜力,金宇家居自9月19日起至10月8日,以"政策红利+企业让利"双轮驱动,精心打造金 秋家博会促消费活动,系列诚意满满的优惠举措吸引大批消费者。金宇家居企划部副经理张瑞芳介绍,此 次活动推出"9.9元直通大礼包",为消费者解锁多重专属特权:参与盲盒抽奖有机会赢取最高888元现金,通 过家居玩家互动游戏获取实用礼品,更有机会参与2吨汽油大奖抽奖活动。 消费者的满意背后,是商家对消费需求的精准把握与主动让利。九龙家电太白店销售经理乔振介绍,9月30 日至10月8日,门店推出"国庆中秋双节同庆"大型促销活动,不仅在常规活动价基础上叠加优惠,更联合惠 济生活APP推出家电八折券,最高优惠2000元;发放家电消费券,单件家电至高补贴800元;套购满额还可 参与投壶、抽奖等互动游戏,赢 ...
敏华控股(01999) - 截至二零二五年九月三十日止之股份发行人的证券变动月报表

2025-10-02 06:32
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致:香港交易及結算所有限公司 公司名稱: 敏華控股有限公司 呈交日期: 2025年10月2日 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01999 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.4 HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.4 HKD | | 2,000,000,000 | 本月底法定/註冊股本總額: HKD 2 ...
中信里昂:维持敏华控股“跑赢大市”评级 目标价升至5港元
Zhi Tong Cai Jing· 2025-10-02 02:58
该行相信,持续的效率优化和海外产能的提升将有助于短期内稳定盈利,敏华可望从2026年潜在的国内 需求稳定中受益。中信里昂将2026/2027年的净利润分别下调7.1%/7.5%,以反映较低的销售假设和关 税。鉴于前景改善,该行将估值向前滚动至2027年,并采用更高的8.8倍市盈率(原为7.5倍),低于3年平 均值0.5个标准差。 中信里昂发布研报称,将敏华控股(01999)目标价由4.5港元,调高11%至5港元,维持"跑赢大市"的投资 评级。中信里昂表示,尽管国内需求疲软,敏华在2025财年仍实现了稳定的基础利润,这得益于利润率 的提升。由于其全球生产基地,敏华海外销售表现出韧性,有助于缓解美国关税的影响。 ...
中信里昂:维持敏华控股(01999)“跑赢大市”评级 目标价升至5港元
智通财经网· 2025-10-02 02:56
该行相信,持续的效率优化和海外产能的提升将有助于短期内稳定盈利,敏华可望从2026年潜在的国内 需求稳定中受益。中信里昂将2026/2027年的净利润分别下调7.1%/7.5%,以反映较低的销售假设和关 税。鉴于前景改善,该行将估值向前滚动至2027年,并采用更高的8.8倍市盈率(原为7.5倍),低于3年平 均值0.5个标准差。 智通财经APP获悉,中信里昂发布研报称,将敏华控股(01999)目标价由4.5港元,调高11%至5港元,维 持"跑赢大市"的投资评级。中信里昂表示,尽管国内需求疲软,敏华在2025财年仍实现了稳定的基础利 润,这得益于利润率的提升。由于其全球生产基地,敏华海外销售表现出韧性,有助于缓解美国关税的 影响。 ...
敏华控股(01999) - 董事会会议通告

2025-09-30 10:04
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 公 佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 承董事會命 敏華控股有限公司 主 席 黃敏利 香 港,二 零 二 五 年 九 月 三 十 日 MAN WAH HOLDINGS LIMITED (於百慕達註冊成立的有限公司) 敏華控股有限公司 (股份代號:01999) 董事會會議通告 敏 華 控 股 有 限 公 司(「本公司」)之 董 事 會(「董事會」)謹 此 宣 佈,將 於 二 零 二 五 年 十 一 月 十 四 日(星 期 五)舉 行 董 事 會 會 議,藉 以(其 中 包 括)考 慮 及 審 批 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 半 年 度 之 未 經 審 核 財 務 業 績,以 及 考 慮 宣 派 中 期 股 息(如 有)及 處 理 任 何 其 他 事 宜。 於 本 公 佈 日 期,執 行 董 事 為 黃 敏 利 先 生、許 慧 卿 ...
研判2025!中国智能沙发行业发展历程、产业链、发展现状、竞争格局及未来趋势分析:年轻一代消费群体崛起,行业未来发展潜力巨大[图]
Chan Ye Xin Xi Wang· 2025-09-27 02:17
Core Insights - The smart sofa industry is experiencing significant growth driven by rising consumer demand for quality, comfort, and smart features, with the market size expected to reach 7.22 billion yuan in 2024, a year-on-year increase of 10.9% [1][6] - The younger generation is becoming the main consumer force, showing a high acceptance of innovative products and a willingness to pay for smart features [1][6] - The expansion of the home furnishing market, particularly in new home renovations and old home upgrades, provides ample market space for smart sofas [1][6] Industry Overview - Smart sofas, also known as electric sofas, integrate information technology, microelectronics, sensors, and mechanical technology to enhance user experience with features like massage, heating, and personalized adjustments [3] - The industry has evolved through three stages: initial development in the 1980s-90s, rapid growth from 2000-2018, and a current phase of innovation driven by IoT, big data, and AI technologies [3] Market Dynamics - The smart sofa industry is characterized by increasing competition as more companies enter the market, leading to higher R&D investments and innovative product launches [1][6] - The supply chain includes raw material suppliers (leather, microfibers, batteries), manufacturers, and various application fields such as homes, offices, and cinemas [5] Competitive Landscape - Major players in the smart sofa market include established furniture brands like Kuka Home, Mousse, and Qumei, as well as emerging tech companies like Xiaomi and Baidu, which leverage technology to enhance product offerings [8] - Kuka Home reported a revenue of 10.204 billion yuan from its sofa business in 2024, reflecting a year-on-year increase of 9.14% [8][9] Future Trends - The integration of AI and IoT technologies will deepen, allowing smart sofas to monitor user health metrics and adjust settings automatically for optimal comfort [10] - Customization demand is expected to rise as younger consumers seek personalized designs and features, expanding the market beyond traditional living spaces [11] - Companies are increasingly looking to expand into international markets to enhance competitiveness and growth opportunities [12]
敏华控股(01999) - 截至二零二五年八月三十一日止之股份发行人的证券变动月报表

2025-09-02 11:00
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致:香港交易及結算所有限公司 公司名稱: 敏華控股有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01999 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.4 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.4 | HKD | | 2,000,000,000 | 本月底法定/註冊股本總額: HKD 2,000 ...
轻工制造行业定期报告:SUZANO提涨8月浆价北京购房政策优化
Huafu Securities· 2025-08-10 08:04
Investment Rating - The report maintains an "Outperform" rating for the industry [3] Core Insights - Suzano announced a price increase of $20 per ton for commodity pulp in the Asian market for August, indicating a potential recovery in pulp and paper prices from current cyclical lows [2][4] - The report highlights the ongoing price adjustments in the paper industry, with various paper types experiencing different price movements, suggesting a recovery trend driven by supply-demand dynamics [4][50] - The report emphasizes the importance of policy catalysts in the home furnishing sector, particularly in light of recent housing policy optimizations in Beijing [4][31] Summary by Sections Home Furnishing - Recent policy changes in Beijing allow families to purchase multiple properties outside the city center, which is expected to stimulate the housing market [4][31] - Major home furnishing companies are currently valued at historical lows, presenting potential investment opportunities as market sentiment improves [4][31] Paper Industry - As of August 8, 2025, various paper prices are reported: double glue paper at 4993.75 CNY/ton (unchanged), copper plate paper at 5320 CNY/ton (unchanged), white card paper at 3955 CNY/ton (down 35 CNY/ton), box board paper at 3463.4 CNY/ton (up 12.8 CNY/ton), and corrugated paper at 2582.5 CNY/ton (up 46.25 CNY/ton) [4][50] - The report notes that the current pulp and paper prices are at cyclical lows, with expectations for a rebound due to supply-demand imbalances [4][50] Consumer Goods - The report discusses the launch of new health-focused products in the personal care sector, indicating a shift towards higher quality and compliance with health standards [4][6] - The collaboration between Morning Glory stationery and popular anime IPs is expected to enhance brand visibility and sales [4][6] Export Chain - In July, China's total exports increased by 7.2% year-on-year, with significant growth in exports to ASEAN countries [4][6] - The report suggests that the ongoing shift of production capacity to Southeast Asia may enhance the long-term competitiveness of companies with overseas supply chain layouts [4][6] Packaging - New regulations in Shanghai aimed at reducing single-use plastics are expected to drive demand for recyclable and biodegradable packaging solutions [4][6] - The report recommends companies involved in eco-friendly packaging solutions as potential investment opportunities [4][6] New Tobacco Products - The introduction of new electronic cigarette products in the UK is anticipated to boost market share for refillable devices [4][6] - The report highlights the potential for growth in the new tobacco sector, particularly for companies with strong partnerships and product offerings [4][6] Textile and Apparel - The textile and apparel sector has shown resilience, with notable increases in revenue for key players despite some challenges [4][6] - The report identifies leading companies in the apparel sector as potential investment opportunities based on their performance [4][6]
敏华控股(01999)委任安永会计师事务所为核数师
智通财经网· 2025-08-06 11:29
Group 1 - The company, Minhua Holdings (01999), announced that it could not reach an agreement with PwC regarding the audit fees for the consolidated financial statements for the year ending March 31, 2026 [1] - As a result, PwC has resigned as the company's auditor effective August 6, 2025 [1] - Following the recommendation of the audit committee, Ernst & Young has been appointed as the new auditor effective August 6, 2025, until the conclusion of the next annual general meeting [1]
敏华控股(01999) - 更换核数师

2025-08-06 11:19
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 公 佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 MAN WAH HOLDINGS LIMITED (於百慕達註冊成立的有限公司) 敏華控股有限公司 (股份代號:01999) 更換核數師 本 公 佈 由 敏 華 控 股 有 限 公 司(「本公司」及 其 附 屬 公 司「本集團」)根 據 香 港 聯 合 交 易所有限公司證券上市規則第13.51(4)條 而 作 出。 本 公 司 董 事(「董 事」)會(「董事會」)宣 佈,由 於 本 公 司 與 羅 兵 咸 永 道 會 計 師 事 務 所(「羅兵咸永道」)未 能 就 審 核 本 集 團 截 至 二 零 二 六 年 三 月 三 十 一 日 止 年 度 之 綜 合 財 務 報 表 之 核 數 師 酬 金 達 成 共 識,故 此 羅 兵 咸 永 道 已 自 二 零 二 五 年 八 月 六 日 起 辭 任 本 公 司 核 數 師。本 公 司 乃 根 據 百 ...