Core Insights - Minghui International (03828) reported a decrease in revenue and gross profit for the nine months ending September 30, 2025, with unaudited revenue of approximately HKD 1.649 billion and gross profit of HKD 368 million, representing declines of 2.3% and 12.4% respectively compared to the same period last year [1] Revenue Analysis - The overall revenue decline was primarily attributed to a decrease in the healthcare and hygiene products segment, which was impacted by clients relocating certain production facilities from China to Cambodia due to U.S. tariff policies, leading to operational disruptions [1] - This revenue decline was partially offset by growth in the operational supplies and equipment segment during the same period [1] Gross Profit Margin - The gross profit margin decreased by 2.6 percentage points, mainly due to a decline in the gross profit margin of the travel supplies segment compared to the same period in 2024 [1] - The decline in gross profit margin was primarily driven by ongoing manufacturing cost pressures faced by the company during the nine months ending September 30, 2025 [1]
明辉国际前三季度收入16.49亿港元 同比减少2.3%