Core Viewpoint - Ming Shing Group Holdings Limited has reported significant growth in revenue and gross profit for the first half of 2024, despite a slight decrease in net income, indicating a strong operational performance in the wet trades works market in Hong Kong [2][3][6]. Financial Performance - Revenue increased by 31.8% from US$13,211,196 for the six months ended September 30, 2023, to US$17,408,116 for the same period in 2024, primarily due to an increase in the number of projects awarded [3]. - Cost of revenue rose by 33.2% from US$11,271,599 to US$15,009,261, aligning with the revenue growth [4]. - Gross profit increased by 23.7% from US$1,939,597 to US$2,398,855, although the gross profit margin decreased by 0.9% from 14.7% to 13.8% due to higher direct costs and project delays [5]. - Net income and total comprehensive income decreased by 2.7% from US$1,011,897 to US$984,549, attributed mainly to increased interest expenses [6]. Company Developments - The company has successfully listed its shares on the Nasdaq Capital Market under the ticker "MSW" on November 22, 2024, marking a significant milestone for future growth and shareholder value creation [2]. - The company aims to become a leading provider of wet trades works services in both Hong Kong and the United States, focusing on quality service delivery [8]. Operational Insights - The company operates through two wholly-owned subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited, providing a range of wet trades services including plastering, tile laying, and marble works [7][8]. - The management team believes that their established track record and expertise position the company well to capture growth in the wet trades market in Hong Kong [2].

Hong Kong, March 11, 2025 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: MSW), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its business development. Ming Shing is pleased to announce that its wholly-owned Hong Kong subsidiary, Lead Benefit (HK) Limited (“Lead Benefit”), purchased 333 Bitcoins at an average price of US$81, ...

Hong Kong, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: MSW), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its business development. Ming Shing is pleased to announce that its wholly-owned Hong Kong subsidiary, Lead Benefit (HK) Limited (“Lead Benefit”), purchased 500 Bitcoins at an average price of US$94,3 ...

Hong Kong, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the "Company" or "Ming Shing") (NASDAQ:MSW), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its board of directors (the "Board of Directors"). Ming Shing is pleased to announce the increase in the size of its Board of Directors by one (1), bringing the total number of directors to five (5) and ...

Hong Kong, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: MSW), a Hong Kong based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, today announced the closing of its initial public offering (the “Offering”) of 1,500,000 ordinary shares (“Shares”) at a public offering price of $5.50 per Share. The gross proceeds from the Offering, before underwriting discounts and ...