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Shanghai M&G Stationery 603899.SS · CNY

Industrials · Shanghai · 🇨🇳 China

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23.27

-1.31%

Close of 9 Nov 2026, in CNY

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

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥25.06bn

FY2016FY2025

Net income

CN¥1.31bn

FY2016FY2025

Free cash flow

CN¥1.92bn

FY2016FY2025

Shareholders' equity

CN¥9.29bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥25.06bnCN¥24.23bnCN¥23.35bnCN¥20.00bnCN¥17.61bnCN¥13.14bnCN¥11.14bnCN¥8.53bnCN¥6.36bnCN¥4.66bn
Gross profitCN¥4.60bnCN¥4.58bnCN¥4.42bnCN¥3.86bnCN¥4.07bnCN¥3.32bnCN¥2.89bnCN¥2.20bnCN¥1.69bnCN¥1.23bn
Research and developmentCN¥189.6mCN¥189.1mCN¥177.5mCN¥183.6mCN¥188.8mCN¥160.2mCN¥160.4mCN¥114.4mCN¥106.6mCN¥94.4m
Operating incomeCN¥1.71bnCN¥1.76bnCN¥1.93bnCN¥1.61bnCN¥1.78bnCN¥1.41bnCN¥1.28bnCN¥934.7mCN¥682.9mCN¥537.3m
Net incomeCN¥1.31bnCN¥1.40bnCN¥1.53bnCN¥1.28bnCN¥1.52bnCN¥1.26bnCN¥1.06bnCN¥806.8mCN¥634.0mCN¥492.9m
Diluted earnings per share1.431.521.651.391.641.361.150.880.690.54

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥18.07bnCN¥16.59bnCN¥15.31bnCN¥13.02bnCN¥11.42bnCN¥9.71bnCN¥7.57bnCN¥5.68bnCN¥4.39bnCN¥3.43bn
Cash and short-term investments—CN¥7.53bnCN¥6.64bnCN¥4.99bnCN¥4.62bnCN¥3.99bnCN¥2.60bnCN¥1.05bnCN¥436.4mCN¥563.9m
Total liabilitiesCN¥8.20bnCN¥7.15bnCN¥6.96bnCN¥5.77bnCN¥4.90bnCN¥4.27bnCN¥3.10bnCN¥2.18bnCN¥1.47bnCN¥910.1m
DebtCN¥36.0mCN¥546.2mCN¥418.8mCN¥524.8mCN¥531.5mCN¥180.2mCN¥183.2mCN¥5.1m——
Shareholders' equityCN¥9.29bnCN¥8.91bnCN¥7.83bnCN¥6.85bnCN¥6.19bnCN¥5.19bnCN¥4.20bnCN¥3.41bnCN¥2.83bnCN¥2.43bn
Shares outstanding916m921m927m920m924m926m920m920m920m919m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥2.28bnCN¥2.29bnCN¥2.62bnCN¥1.35bnCN¥1.56bnCN¥1.27bnCN¥1.08bnCN¥827.9mCN¥717.5mCN¥681.6m
Capital spending−CN¥366.8m−CN¥329.3m−CN¥208.4m−CN¥162.6m−CN¥381.9m−CN¥323.9m−CN¥377.7m−CN¥318.2m−CN¥538.8m−CN¥209.3m
Free cash flowCN¥1.92bnCN¥1.96bnCN¥2.41bnCN¥1.19bnCN¥1.18bnCN¥947.8mCN¥704.2mCN¥509.7mCN¥178.7mCN¥472.3m
Dividends paid−CN¥922.2m−CN¥747.1m−CN¥462.0m−CN¥556.6m−CN¥463.7m−CN¥368.0m−CN¥276.0m−CN¥230.0m−CN¥230.0m−CN¥230.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥5.79bnCN¥5.53bnCN¥7.74bnCN¥6.52bnCN¥5.56bnCN¥5.24bnCN¥7.11bnCN¥6.06bn
Gross profitCN¥1.09bnCN¥1.12bnCN¥1.20bnCN¥1.30bnCN¥1.02bnCN¥1.08bnCN¥1.19bnCN¥1.24bn
Operating incomeCN¥337.1mCN¥381.2mCN¥476.3mCN¥433.7mCN¥195.8mCN¥421.5mCN¥434.7mCN¥503.8m
Net incomeCN¥248.7mCN¥337.1mCN¥362.1mCN¥391.1mCN¥239.0mCN¥318.2mCN¥374.2mCN¥388.7m
Diluted earnings per share0.270.370.400.430.260.350.410.42
Cash from operations———CN¥755.0mCN¥542.0mCN¥112.0m—CN¥691.0m
Capital spending−CN¥31.0m−CN¥76.0m−CN¥92.0m−CN¥114.0m−CN¥94.0m−CN¥65.0m−CN¥136.0m−CN¥74.0m
Free cash flow———CN¥641.0mCN¥448.0mCN¥47.0m—CN¥617.0m
Total assetsCN¥16.63bnCN¥16.77bnCN¥18.07bnCN¥16.62bnCN¥15.72bnCN¥15.82bnCN¥16.59bnCN¥15.46bn
Cash and short-term investments———CN¥6.61bnCN¥5.80bnCN¥6.66bnCN¥7.53bnCN¥6.43bn
DebtCN¥35.9mCN¥36.0mCN¥36.0mCN¥469.5mCN¥256.5mCN¥306.0mCN¥347.1mCN¥310.0m
Shareholders' equityCN¥8.72bnCN¥9.63bnCN¥9.29bnCN¥8.93bnCN¥8.53bnCN¥9.19bnCN¥8.91bnCN¥8.60bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin18.4%18.9%18.9%19.3%23.1%25.3%
Operating margin6.8%7.3%8.3%8.0%10.1%10.7%
Net margin5.2%5.8%6.5%6.4%8.6%9.6%
Return on equity14.1%15.7%19.5%18.7%24.5%24.2%
Return on assets7.3%8.4%10.0%9.8%13.3%12.9%
Free cash flow yield13.2%13.0%13.9%7.5%9.6%7.9%
Revenue growth3.4%3.8%16.8%13.6%34.0%17.9%
Earnings growth-6.1%-8.6%19.1%-15.5%20.9%18.4%
Current ratio1.93x2.01x1.88x1.85x1.83x1.74x
Debt to equity0.00x0.04x0.03x0.03x0.03x0.03x
Equity ratio51.4%53.7%51.2%52.6%54.2%53.5%
Interest coverage61.44x48.75x59.63x81.31x60.95x135.65x
R&D as a share of sales0.8%0.8%0.8%0.9%1.1%1.2%
Buybacks as a share of market value0.5%0.6%-0.7%0.4%0.1%-0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.8%13.8%20.9%
Operating income2.1%3.9%14.0%
Net income0.7%0.9%12.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin18.6%18.8%20.1%21.4%
Operating margin7.0%7.6%8.3%8.9%
Net margin5.5%6.0%6.7%7.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings18.919.922.839.539.365.342.334.535.733.9
Price to sales1.01.11.52.53.46.24.03.33.63.6

Dividends and splits

Per share, in the currency the company pays

Paid for 11 years. Last went ex-dividend on 20 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.001.000.800.500.600.500.400.30
  • 2-for-1 split · 4 May 2016

Sources and methodology

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

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