Lee & Man Handbags Holding Limited announced earnings guidance for the six months ending 30 June 2015. For the period, the company expects net profit to decrease by more than 65%, as compared with the amount of net profit of HKD 21,097,000 for the six months ended 30 June 2014. The directors of the Company believe that the significant decrease in the amount of net profit for the six months ending 30 June 2015 is mainly attributable to the rising labour costs in China and the continue serious pressure on selling price due to the keen price competition from other manufacturers outside China including those in Philippines and Vietnam.