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M

MMG 1208.HK · HKD

Materials · HKEX · 🇭🇰 Hong Kong

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6.81

-0.29%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$6.23bn

FY2016FY2025

Net income

$510.2m

FY2016FY2025

Free cash flow

$1.39bn

FY2016FY2025

Shareholders' equity

$3.96bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$6.23bn$4.48bn$4.35bn$3.25bn$4.25bn$3.03bn$3.01bn$3.67bn$3.75bn$2.49bn
Gross profit$2.73bn$2.13bn$1.51bn$1.56bn$2.64bn$1.39bn$1.49bn$1.78bn$2.01bn$947.7m
Research and development—$1.5m$1.4m$5.3m$13.6m$23.1m$28.6m$31.7m$36.7m$25.0m
Operating income$2.34bn$1.04bn$568.7m$729.5m$2.60bn$426.8m$312.2m$793.7m$1.14bn$217.8m
Net income$510.2m$161.9m$9.0m$172.4m$667.1m−$64.7m−$230.4m$68.3m$147.1m−$152.7m
Diluted earnings per share0.040.010.000.020.08-0.01-0.030.010.02-0.02

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$15.30bn$14.99bn$11.90bn$12.54bn$13.02bn$12.30bn$12.67bn$13.26bn$14.79bn$15.23bn
Cash and short-term investments$328.6m$192.7m$447.0m$372.2m$1.26bn$192.7m$217.5m$601.9m$936.1m$552.9m
Total liabilities$8.40bn$8.71bn$7.59bn$8.31bn$9.10bn$9.63bn$9.99bn$10.36bn$11.82bn$12.64bn
Debt$3.82bn$4.78bn$4.85bn$5.55bn$6.43bn$7.31bn$7.77bn$8.13bn$9.19bn$10.25bn
Shareholders' equity$3.96bn$3.42bn$2.12bn$2.14bn$1.93bn$936.4m$1.01bn$1.26bn$1.21bn$1.03bn
Shares outstanding12,199m12,056m8,733m8,710m8,748m8,067m8,055m8,118m8,112m7,038m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$2.47bn$1.61bn$1.85bn$832.1m$2.55bn$1.36bn$1.15bn$1.73bn$2.37bn$722.3m
Capital spending−$1.08bn−$905.2m−$791.2m−$564.5m−$569.7m−$514.6m−$476.3m−$332.1m−$666.9m−$771.0m
Free cash flow$1.39bn$706.7m$1.06bn$267.6m$1.98bn$843.6m$668.8m$1.40bn$1.70bn−$48.7m

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022
Revenue$4.53bn$3.41bn$2.82bn$2.56bn$1.92bn$2.45bn$1.90bn$1.85bn
Gross profit$2.50bn$1.48bn$1.52bn$1.33bn$803.8m$855.5m$658.2m$899.7m
Operating income$2.23bn$1.26bn$1.52bn$1.30bn$776.6m$829.5m$176.0m$432.4m
Net income$895.0m$169.7m$340.0m$140.8m$21.1m$67.8m−$58.8m$92.9m
Diluted earnings per share0.070.010.030.010.000.01-0.010.01
Cash from operations$2.17bn$1.36bn$1.19bn$1.10bn$515.0m$1.42bn$425.0m$697.0m
Capital spending−$552.0m−$656.0m−$424.0m−$484.0m−$420.0m−$487.0m−$302.0m−$360.0m
Free cash flow$1.62bn$703.0m$761.0m$612.0m$95.0m$937.0m$123.0m$337.0m
Total assets$17.92bn$15.30bn$15.49bn$14.99bn$15.29bn$11.90bn$12.72bn$12.54bn
Cash and short-term investments$3.13bn$328.6m$707.3m$192.7m$621.0m$447.0m$523.7m$372.2m
Debt$3.77bn$3.82bn$4.38bn$4.78bn$6.73bn$4.85bn$5.73bn$5.55bn
Shareholders' equity$5.73bn$3.96bn$3.75bn$3.42bn$2.13bn$2.12bn$2.08bn$2.14bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin43.9%47.7%34.8%48.1%61.9%45.7%—
Operating margin37.6%23.3%13.1%22.4%61.1%14.1%—
Net margin8.2%3.6%0.2%5.3%15.7%-2.1%—
Return on equity12.9%4.7%0.4%8.1%34.6%-6.9%—
Return on assets3.3%1.1%0.1%1.4%5.1%-0.5%—
Free cash flow yield3.4%2.5%3.6%1.9%4.2%2.7%—
Revenue growth39.0%3.1%33.6%-23.5%40.3%0.7%—
Earnings growth215.1%1698.9%-94.8%-74.2%-1131.1%-71.9%—
Current ratio0.86x0.76x0.63x0.85x1.33x0.77x—
Debt to equity0.94x1.36x2.23x2.54x3.27x7.67x—
Equity ratio25.9%22.8%17.8%17.1%14.8%7.6%—
Interest coverage8.07x2.53x1.48x2.53x8.57x1.11x—
R&D as a share of sales—0.0%0.0%0.2%0.3%0.8%0.9%
Buybacks as a share of market value-1.2%-38.0%-0.3%0.4%-8.4%-0.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue24.2%15.5%12.3%
Operating income47.5%40.5%—
Net income43.6%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin45.4%43.4%46.7%46.1%
Operating margin31.6%25.6%30.1%24.5%
Net margin6.3%4.7%5.7%0.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings26.924.4285.912.94.2-53.3
Price to sales2.20.90.60.70.71.1

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 23 May 2014.

FY2014FY2008FY2007
Paid in the year0.0090.0230.005
  • 10-to-1 reverse split · 7 Jan 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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