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  7. Man Wah Holdings
Company logo

Man Wah Holdings | Sustainability Performance

www.manwahholdings.com
Linkedin

Furniture manufacturer primarily focused on upholstered products such as recliners and sofas.

1992

Hong Kong

10,001+ employees

Furniture

$1B - 10B in revenue

$100M - 500M in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#9550
Overall
#175
in Hong Kong
#39
in Furniture

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

49 out of 50

Overview
Environmental
Carbon emissionsEnergy consumptionWater managementAir and land impactNature and biodiversityNature riskClimate risk
Social
Diversity and inclusionPay gapsExternalities
Governance
TargetsSDG ImpactESG scores and exclusionsB-corp & CDP
Financial Data
Business performanceCapital & innovationAnalyst projections

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Renewable energy

10% 2024
Critical

Female engagement

36% 2024
Critical

Externalities

10.1M $, 2025
Leading

Market cap

85.4B $, 2026▼64.5% YoY

Revenue

2.1B $, 2026▼2.9% YoY

R&D intensity

0% 2026

Renewable energy

Reveal data for 1 credit
10%2024

Industry rank: 8 out of 50


Total energy consumption
and % renewables
(MWh, % of consumption)

Industry rank: 8 out of 50

Total energy

Share of renewable energy

Industry benchmark

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Renewable electricity

Reveal data for 1 credit
%2024

Industry rank: Beyond Top 100


Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total electricity

Share of renewable electricity

Industry benchmark

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Female engagement

Reveal data for 1 credit

Share of female employees (%)

25
50
75
100
Company
Benchmark
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Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Man Wah Holdings Limited (Cheers Sofa), Hong Konglisted Chinese furniture exporter, has faced sustained US class actions over alleged inadequate disclosure of US discretionary furniture customer demand normalization following the contested 2024 sustained share price volatility, plus periodic US CBP scrutiny on Chinese furniture exporters affecting institutional shareholders.
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Carbon emissions breakdown

Reveal data for 2 credits

KPIMetricYear
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Energy consumption breakdown

Reveal data for 2 credits

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Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
83 assets assessed
ScenarioComing soon
57Moderate
$185.6Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
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Nature risk

Reveal data for 10 credits

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Production loss

Reveal data for 5 credits

Share of company output at risk (%)

Direct operations
Upstream supply chain
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Revenue at risk

Reveal data for 5 credits

Production-loss NVaR expressed in monetary terms ($)

Direct revenue at risk
Upstream revenue at risk
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Assets exposed to sensitive locations

Reveal data for 5 credits

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Biodiversity loss in km²

Reveal data for 2 credits

Biodiversity loss in terms of the equivalent land affected (km²e)

Total biodiversity loss (km²e)
Industry benchmark
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Biodiversity loss in CO2e

Reveal data for 2 credits

Total biodiversity loss as CO2e tonnes

Total biodiversity loss (CO2e tonnes)
Industry benchmark

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Potential species loss

Reveal data for 2 credits

Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)

One row per year, with the latest at the top. Each driver uses its own scale.

Low ImpactHigh Impact
Industry benchmark
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Biodiversity impact

Reveal data for 2 credits

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PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Waste management

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Water management

Reveal data for 2 credits

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Air pollution

Reveal data for 2 credits

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Land use

Reveal data for 2 credits

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Diversity & inclusion

Reveal data for 3 credits

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Pay gap breakdown

Reveal data for 1 credit

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Externalities

Reveal data for 1 credit

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Market cap

85.4B $, 2026▼64.5% YoY

Revenue

2.1B $, FY2026▼2.9% YoY

EBITDA

290.4M $, FY2026▼9.1% YoY

Operating margin

14% Industry: 9▼21.3% YoY

Revenue & EBITDA

$2.1BFY2026 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

292.7M 2025▲56.8% YoY

Capex

133.5M 2025▼50.7% YoY

Debt/equity ratio

0.3 Industry: 1▼NaN% YoY

R&D intensity

0.0%FY2026

R&D as % of revenue

R&D as % of revenue
Industry benchmark

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Return on invested capital

10.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

2.4

▼ 1.6%

2024

2.2

▼ 4.1%

2025

2.1

▼ 1.8%

2026

16.9

2029

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Environmental policy coverage

Carbon reduction policy

Not available

Human rights policy

Available

Recycling policy

Not available

Workplace health & safety policy

Available

36%
Independent Directors

4 out of 11 incl. management

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Overall score

57

Environment

53

Social

72

Governance

46

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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CDP Scores


Climate Score

Not disclosed

Forests Score

Not disclosed

Water Score

Not disclosed

A

A-

B

B-

C

C-

D

D-

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SDG impact

Reveal data for 5 credits
2025

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SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
20202021202220232024Benchmark
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Reporting

sustainability report symbol

Sustainability Report

Available

Not committed to key sustainability initiatives

Sustainability employees


    Available in
    Scale package

    Access
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