Group 1 - The core point of the article is that Minghui International (03828.HK) reported a decline in revenue and gross profit for the nine months ending September 30, 2025, with revenue at approximately HKD 1.6492 billion and gross profit at HKD 368 million, representing decreases of 2.3% and 12.4% respectively compared to the same period last year [1] - The decline in revenue is primarily attributed to a decrease in the healthcare and hygiene products business, which was impacted by clients relocating production facilities from China to Cambodia due to U.S. tariff policies, leading to operational disruptions [1] - Despite the overall revenue decline, the operational supplies and equipment business experienced revenue growth during the same period, partially offsetting the losses in other segments [1] Group 2 - The company's gross profit margin decreased by 2.6 percentage points, mainly due to a decline in the gross profit margin of the travel supplies business compared to the same period in 2024 [1] - The decrease in gross profit margin is attributed to ongoing manufacturing cost pressures faced by the company during the reporting period [1]
明辉国际(03828.HK)：前三季度实现收入16.49亿港元 同比减少2.3%