The Zhitong Finance App learned that Minhua Holdings (01999) fell by more than 5%, and its stock price dropped 20% after the financial crisis. As of press release, it decreased by 5.21% to HK$2.185, with a turnover of HK$20.466,300.

According to the news, Minhua Holdings recently issued a profit warning. It is expected that by the first half of the 2027 fiscal year ending at the end of September, the profit attributable to the company's equity owners will decrease by about 70% to 90% year-on-year. The decline in profits was mainly affected by a rise in the price of chemical raw materials and a one-time impairment of the US business Southern Motion, which was acquired in December 2025.

Citi still maintains the “buy” rating of Minhua Holdings. The target price was cut from HK$5.6 to HK$3.6. However, it indicated that Minhua Holdings was still the only company to receive a “buy” rating in Citigroup's home furnishing sector in China, and maintained a “sell” rating for the same industry European Home Furnishing and Sophia Home Furnishing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.