报告期内，敏华控股实现总收益82.41亿港元，同比下降约2.7%。其中，以"芝华仕"品牌为代表的沙发 及配套产品业务收入55.5亿港元，同比减少4.6%。权益拥有人应占溢利约11.46亿港元，同比微升 0.6%。整体毛利率约40.4%。 敏华控股管理层认为，中国沙发零售市场或已触底，公司将优化产品组合，提升性价比，并加强与经销 商的协同。下一步将提高中国市场渗透率，投放更多资产于线上业务，提升销售能力。另一方面，继续 调整门店布局以提升营业效益。 11月14日，家居上市企业敏华控股（HK01999，股价5.01港元，市值194.29亿港元）发布截至今年9月30 日止6个月的中期业绩报告。 国内市场销售承压 分拆子公司挂牌新三板 报告期内，敏华控股在国内市场的销售收入按年下跌6%至约46.75亿港元，销售量持平。平均售价略有 下调，主要是在线销售占比提升所致。 在北美市场，敏华控股实现收入约21.61亿港元，同比微升0.3%；欧洲及其他海外市场收入约7.65亿港 元，同比增长约4.3%。 截至报告期末，敏华控股经销产品的门店总数为7040间，较去年同期减少327间。 作为一家专注于沙发、床垫及智能家居领域的公司 ...

Core Viewpoint - Minhua Holdings is seeking to list its subsidiary Ruimai Technology on the New Third Board while also expanding into the home decoration industry through an investment in Jingmu Decoration [1][3] Group 1: Company Developments - Minhua Holdings has submitted an application for Ruimai Technology to be listed on the New Third Board, holding an 82.76% stake in the company [1] - Ruimai Technology, established in 2011, specializes in manufacturing and trading sofa frames, smart frames, motors, and other furniture hardware, holding a 23.5% global market share in functional sofa frames [2] - The company aims to enhance brand recognition and create a more flexible independent financing platform through the listing of Ruimai Technology [2] Group 2: Financial Performance - The revenue from "other products" under Minhua Holdings, which includes Ruimai Technology's products, was HKD 1.67 billion for the fiscal year ending March, a year-on-year decline of 8.4% due to weakened demand in the domestic furniture market [2] - Despite Ruimai Technology being a key sales partner for Minhua Holdings, it is also seeking to diversify its client base [2] Group 3: Industry Context - The national building materials and home furnishing market is experiencing an overall decline, with the BHI index at 122.93 in September, reflecting a year-on-year drop of 3.75% [4] - The home decoration sector is facing more severe declines compared to the home furnishing market, as evidenced by the struggles of traditional home decoration companies like Dongyi Risheng [4] - Minhua Holdings' moves to list its subsidiary and enter the home decoration sector are seen as attempts to navigate challenges in traditional business areas [4]

Core Viewpoint - Minhua Holdings is seeking to list its subsidiary Ruimai Technology on the New Third Board while also expanding into the home decoration industry through an investment in Jingmu Decoration [1][3] Group 1: Company Developments - Minhua Holdings has submitted an application for Ruimai Technology to be listed on the New Third Board, holding an 82.76% stake in the company [1] - Ruimai Technology, established in 2011, specializes in manufacturing and trading sofa frames, smart frames, motors, and other furniture hardware, holding a 23.5% global market share in functional sofa frames [2] - The company aims to enhance brand recognition and create a more flexible independent financing platform through the listing of Ruimai Technology [2] Group 2: Financial Performance - The revenue from the "other products" segment, which includes Ruimai Technology, was HKD 1.67 billion for the fiscal year ending March, a year-on-year decline of 8.4% due to weakened demand in the domestic furniture market [2] - Despite being a key sales partner for Ruimai Technology, Minhua Holdings is also looking to diversify its client base [2] Group 3: Industry Context - The national building materials and home furnishing market is experiencing an overall decline, with the BHI index at 122.93 in September, reflecting a year-on-year drop of 3.75% [4] - The home decoration sector is facing more severe declines compared to the home furnishing market, as evidenced by the struggles of traditional home decoration companies [4] - Minhua Holdings' moves to list its subsidiary and enter the home decoration sector are seen as attempts to navigate the challenges in the traditional business landscape [4]