Hong Kong, March 20, 2026 (GLOBE NEWSWIRE) — Ming Shing Team Holdings Restricted (“MSW” or the “Company”) (Nasdaq: MSW) is an exempted corporate with restricted legal responsibility integrated below the regulations of the Cayman Islands and not using a subject matter operations of its personal. The Corporate, via its not directly wholly-owned working subsidiaries, MS (HK) Engineering Restricted and MS Engineering Co., Restricted, is engaged in rainy trades works products and services in Hong Kong. The Corporate as of late introduced its unaudited monetary effects for the six months ended September 30, 2025.
First Part of 2025 Monetary and Running Highlights
●Overall earnings lowered through 51.6% from US$17,408,116 to US$8,431,393 ●Gross benefit lowered through 215.5% from gross benefit of US$2,398,855 to gross lack of US$2,769,960 ●Internet source of revenue and overall complete source of revenue lowered through 466.1% from web source of revenue of US$984,549 to web lack of US$3,604,539
Mr. Wenjin Li, Leader Govt Officer of the Corporate, commented, “In our operating history of approximately ten years, we have focused on providing wet trades work services in the role of a subcontractor. We take pride in our portfolio in wet trades works. In the six months ended September 30, 2025 we continue to provide quality wet trades works to our customers and expand our business. Leveraging our established track record, our expertise in wet trades operations and our experienced management team, we believe we are well-positioned to capture the growth of the wet trades works market in Hong Kong and expand our business.”
FINANCIAL RESULTS
Income
Income lowered through 51.6% from US$17,408,116 for the six months ended September 30, 2024 to US$8,431,393 for the six months ended September 30, 2025. The lower used to be basically because of lots of the contract works have been finished for the 12 months ended March 31, 2025.
Price of earnings
Price of earnings lowered through 25.4% from US$15,009,261 for the six months ended September 30, 2024 to US$11,201,353 for the six months ended September 30, 2025. The lower used to be most often in step with the lower in earnings.
Gross benefit and gross benefit margin
The gross loss used to be US$2,769,960 for the six months ended September 30, 2025, as in comparison to the gross benefit of US$2,398,855 for the six ended September, 2024, a lower of US$5,168,815, or 215.5%.
The lower in gross benefit used to be basically due to (a) further paintings has been necessitated with variation orders for positive initiatives, however the quantities of those variation orders are nonetheless below negotiation with the related buyer; and (b) surprising delays in web site directions have led to price overruns all the way through the six months ended September 30, 2025 and extra paintings being required to satisfy challenge specs.
Internet (loss) source of revenue and overall complete (expense) source of revenue
Internet source of revenue and overall complete source of revenue lowered through 466.1% from US$984,549 for the six months ended September 30, 2024 to web loss and overall complete expense of US$3,604,538 for the six months ended September 30, 2025. The lower used to be basically because of the gross loss suffered.
About Ming Shing Team Holdings Restricted
Ming Shing Team Holdings Restricted is a Hong Kong-based corporate basically engaged in rainy trades works, equivalent to plastering works, tile laying works, brick laying works, ground screeding works and marble works. With a undertaking to change into the main rainy trades works products and services supplier in Hong Kong and the US, the Corporate strives to supply high quality products and services that conform to its shoppers’ high quality requirements, necessities, and specs. The Corporate conducts its industry via its two wholly-owned Hong Kong working subsidiaries, MS (HK) Engineering Restricted and MS Engineering Co. Restricted. MS (HK) Engineering Restricted is a registered subcontractor and a registered specialist industry contractor below the Registered Specialist Business Contractors Scheme of the Development Business Council and undertakes each personal and public sector initiatives, whilst MS Engineering Co., Restricted basically specializes in personal sector initiatives. For more info, please talk over with the Corporate’s site: https://ir.ms100.com.hk.
Ahead-Having a look Statements
Sure statements on this announcement are forward-looking statements. Those forward-looking statements contain recognized and unknown dangers and uncertainties and are in response to the Corporate’s present expectancies and projections about long run occasions that can have an effect on its monetary situation, result of operations, industry technique and monetary wishes. Buyers can to find many (however no longer all) of those statements by way of phrases equivalent to “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or different equivalent expressions on this press unlock. The Corporate undertakes no legal responsibility to replace or revise publicly any forward-looking statements to replicate next going on occasions or cases, or adjustments in its expectancies, aside from as could also be required through regulation. Even if the Corporate believes that the expectancies expressed in those forward-looking statements are affordable, it can’t guarantee you that such expectancies will turn into proper, and the Corporate cautions buyers that precise effects might vary materially from the predicted effects and encourages buyers to check different elements that can have an effect on its long run ends up in the Corporate’s registration remark and different filings with the SEC.
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Ming Shing Team Holdings Restricted
