$17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
Wisconsin Eagle/10309585

KOWLOON, China - WisconsinEagle -- Company Works Include Plastering, Tile Laying, Brick Laying, Floor Screeding and Marble Works in Hong Kong.

Providing Reliable, Specialized Wet Trades Contractors Who Can Deliver Consistent Quality and Meet Evolving Demands in Both Public & Private Sectors.

Global Specialty Trade Market Projected to Grow to $US6,807.03 Billion in 2025 and Further to $US8,615.97 Billion by 2029 (CAGR: 6.1%–6.7%).

Company 2025 First Half Total Revenue Increased By 31.8% From US$13,211,196 to US$17,408,116.

Gross Profit Increased By 23.7% From US$1,939,597 to US$2,398,855.

Invested in a Total of 833 Bitcoins with a Combined Investment of Approximately $US74 Million.

Bitcoin Investment Aimed at Capturing Asset Appreciation While Retaining Liquidity to Support Core Construction Operations When Needed.

Listed on NASDAQ in November, 2024 for Increased Investor Exposure.

Ming Shing Group Holdings Limited, (N A S D A Q: MSW) engages in wet trades works. MSW works include plastering, tile laying, brick laying, floor screeding, and marble works in Hong Kong. It serves public and private sectors. With a mission to become the leading wet trades works services provider in Hong Kong and the United States, MSW strives to provide quality services that comply with its customers' quality standards, requirements, and specifications.

MSW strives to address a fundamental issue across the global construction industry today: The lack of reliable, specialized wet trades contractors who can deliver consistent quality, meet evolving project demands, and scale across both public and private sectors. From plastering to tile laying, many developers struggle to find partners with proven expertise, efficient delivery, and transparent practices. This gap limits project timelines, increases costs, and hinders structural integrity.  MSW aims to address this critical need through its established operational history, skilled workforce, and proven execution in a wide range of infrastructure projects.

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The company is positioned to meet growing demand across diverse markets while raising the standard for quality, consistency, and scalability in wet trades services.

MSW conducts its business through its two wholly-owned Hong Kong operating subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited. MS (HK) Engineering Limited is a registered subcontractor and a registered specialist trade contractor under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council and undertakes both private and public sector projects, while MS Engineering Co., Limited mainly focuses on private sector projects

The global specialty trade contractors market is projected to grow from $6,380.27 billion in 2024 to $6,807.03 billion in 2025, and further to $8,615.97 billion by 2029 (CAGR: 6.1%–6.7%). In Hong Kong, the gross value of wet trades works is expected to increase from HK$12.1 billion in 2022 to HK$15.6 billion by 2026. Meanwhile, the U.S. building finishing market is projected to grow from $22.1 billion in 2024 to $29.2 billion by 2032. These figures highlight strong global demand for the MSW high-quality wet trades services.

With over a decade of operational experience, MSW has demonstrated consistent performance and execution across complex infrastructure environments. Its project portfolio reflects a disciplined focus on quality, skilled workforce deployment, and client satisfaction.

In addition to its core construction operations, MSW has diversified its capital strategy through digital asset investments. Capital diversification through Bitcoin investments enhances asset growth and financial flexibility. As of early 2025, the MSW subsidiary, Lead Benefit (HK) Limited, has invested in a total of 833 Bitcoins—500 purchased at an average price of $94,375 and 333 at $81,555—with a combined investment of approximately $74 million USD. These strategic short-term investments are aimed at capturing asset appreciation while retaining liquidity to support the company's core construction operations when needed.

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Ming Shing Group Holdings Limited Announces Unaudited Financial Results for The Six Months Ended September 30, 2024

On March 21^st MSW announced its unaudited financial results for the six months ended September 30, 2024.

First Half of 2024 Financial and Operating Highlights:

Total revenue increased by 31.8% from US$13,211,196 to US$17,408,116.

Gross profit increased by 23.7% from US$1,939,597 to US$2,398,855.

New income and total comprehensive income decreased by 2.7% from US$1,011,897 to US$984,549.

Mr. Chi Ming Lam, Chief Executive Officer of MSW, 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, 2024 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."

"We are also proud to announce that the Company has listed its shares on the Nasdaq Capital Market on November 22, 2024 and the shares of the Company are now trading on the Nasdaq under ticker "MSW." We believe the listing on Nasdaq is an important milestone for the Company. We will actively explore options for the Company to grow further and create value for our shareholders," concluded Mr. Lam.

For more information om $MSW visit: https://ir.ms100.com.hk and https://www.compasslivemedia.com/msw/

Media Contact:
Company Names:  Ming Shing Group Holdings Limited, (N A S D A Q: MSW)
Contact:  Chi Ming Lam, CEO
Email:  ir@ms100.com.hk
Country: China
Website:   https://ir.ms100.com.hk

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