“上班照镜子、下班不关电脑要罚款”！高管称一晚罚款进账大几千，知名家居品牌回应

Core Viewpoint - The recent controversy surrounding a senior executive's comments on fines at Minhua Holdings has sparked significant public discussion, highlighting potential labor law violations and the company's internal management practices [1][2][3]. Group 1: Executive Comments and Company Response - A senior executive at Minhua Holdings reportedly imposed strict workplace rules, including fines for employees eating at their desks and requiring multiple daily check-ins, which raised concerns about labor law compliance [3][7]. - The company acknowledged the situation and stated that it is under investigation, with a noted reduction in workforce exceeding 10% due to declining performance [7][10]. Group 2: Financial Performance - Minhua Holdings reported a revenue decline of 8.2% year-on-year, totaling HKD 16.903 billion, and a net profit drop of 10.4%, amounting to HKD 2.063 billion for the fiscal year ending March 31, 2025 [10]. - Domestic sales saw a significant decrease of 17.2%, contributing HKD 9.927 billion, which reduced its share of total revenue from 65% to 58.7% [10]. - The sales revenue from sofas and related products fell by 7.2% to HKD 11.743 billion, while bedding and related products dropped by 19.4% to HKD 2.408 billion, indicating challenges in consumer confidence and market conditions [10]. Group 3: Workforce and Strategic Adjustments - In response to the economic downturn, Minhua Holdings has laid off over 3,700 employees, representing more than 10% of its workforce, while simultaneously increasing executive compensation by 20% [10]. - The company is attempting to expand its domestic store presence to 7,367 locations and is implementing a "trade-in" policy to stimulate demand, although the effectiveness of these strategies remains uncertain [10].