Core Viewpoint - Minhua Holdings reported a total revenue of HKD 82.41 billion for the six months ending September 30, 2023, representing a year-on-year decline of approximately 2.7%, while profit attributable to equity holders increased by 0.6% to HKD 11.46 billion [1]. Financial Performance - Total revenue for the period was HKD 82,407.57 million, down from HKD 84,714.46 million in the previous year [2]. - Revenue from sold goods amounted to HKD 80,447.81 million, a decrease of 3.1% compared to HKD 83,053.73 million [3]. - Cost of goods sold was HKD 47,946.20 million, leading to a gross profit of HKD 32,501.61 million [2]. - Other income increased by 18% to HKD 195.976 million from HKD 166.073 million [3]. Product Segment Analysis - Revenue from sofas and related products was HKD 55.50 billion, down 4.6% year-on-year [2]. - Revenue from bedding and related products decreased by 7.4% to HKD 11.19 billion [2]. - Other products saw an increase in revenue by 11.4%, reaching HKD 9.31 billion [2]. - Home Group business revenue was HKD 3.80 billion, reflecting a growth of 2.2% [2]. Regional Performance - Revenue from the Chinese market (excluding real estate and shopping mall properties) fell by 6% to approximately HKD 46.75 billion, although there was a quarter-on-quarter improvement [5]. - Overseas market revenue was approximately HKD 24.66 billion, down about 2.6% from HKD 25.31 billion in the previous year [5]. Future Outlook - The company plans to continue advancing its "smart home" strategy, focusing on product innovation and brand building to strengthen its global market leadership [5]. - In the Chinese market, the company aims to enhance market penetration through themed marketing campaigns and increase resources for online sales [5]. - The company will also adjust its store layout in China to improve operational efficiency and actively participate in international exhibitions to navigate changes in the trade environment [5].
敏华控股发布中期业绩：营收82.41亿港元 中国市场销售跌幅收窄