Man Wah Holdings Ltd 2020 AR2
The report highlights Man Wah Holdings Limited's financial and ESG performance for the fiscal year ended March 31, 2020. Despite challenges from the Sino-US trade war and the COVID-19 pandemic, the company achieved a record revenue of HK$12,144,299,000, representing a 7.9% increase year-on-year. Man Wah expanded its production capacity in Vietnam to mitigate tariff impacts and leveraged new retail strategies like live streaming in China. On the sustainability front, the company generated approximately 16,249,650 kWh of solar power from rooftop photovoltaic systems, covering 24.3% of its China sofa production bases' electricity consumption. Additionally, the company continued its commitment to employee development, spending HK$8.46 million on staff training.
Company: Man Wah Holdings Ltd
Sector: Manufacturing
Country: Hong Kong
Year: 2020
Type: AR2
Pages: 157
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Man Wah Holdings Ltd
Annual Report
The report highlights Man Wah Holdings Limited's financial and ESG performance for the fiscal year ended March 31, 2020. Despite challenges from the Sino-US trade war and the COVID-19 pandemic, the company achieved a record revenue of HK$12,144,299,000, representing a 7.9% increase year-on-year. Man Wah expanded its production capacity in Vietnam to mitigate tariff impacts and leveraged new retail strategies like live streaming in China. On the sustainability front, the company generated approximately 16,249,650 kWh of solar power from rooftop photovoltaic systems, covering 24.3% of its China sofa production bases' electricity consumption. Additionally, the company continued its commitment to employee development, spending HK$8.46 million on staff training.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Renewable Energy
Water Consumption
Total Waste
Employees