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M

Migao Group Holdings 9879.HK · HKD

N/A · HKEX · 🇭🇰 Hong Kong

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9.32

+0.11%

Close of 9 Nov 2026, in HKD

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At a glance

Figures in CNY, from our data supplier.

FY2026

Revenue

CN¥5.96bn

FY2020FY2026

Net income

CN¥360.4m

FY2020FY2026

Free cash flow

CN¥124.7m

FY2020FY2026

Shareholders' equity

CN¥3.03bn

FY2020FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
RevenueCN¥5.96bnCN¥4.22bnCN¥3.20bnCN¥4.01bnCN¥3.84bnCN¥2.08bnCN¥1.86bn
Gross profitCN¥639.0mCN¥545.6mCN¥455.9mCN¥721.9mCN¥746.0mCN¥265.4mCN¥92.1m
Research and developmentCN¥34.4mCN¥29.6mCN¥26.3mCN¥26.4mCN¥38.9mCN¥24.5mCN¥24.1m
Operating incomeCN¥457.7mCN¥386.8mCN¥326.9mCN¥485.0mCN¥450.3mCN¥143.3m−CN¥26.3m
Net incomeCN¥360.4mCN¥261.3mCN¥214.5mCN¥344.2mCN¥396.3mCN¥202.3mCN¥28.6m
Diluted earnings per share0.400.290.240.510.440.220.03

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Total assetsCN¥5.96bnCN¥4.46bnCN¥3.91bnCN¥3.14bnCN¥4.58bnCN¥2.85bnCN¥2.14bn
Cash and short-term investmentsCN¥1.38bnCN¥708.3mCN¥690.3mCN¥310.8mCN¥283.5mCN¥54.7mCN¥280.4m
Total liabilitiesCN¥2.76bnCN¥1.98bnCN¥1.69bnCN¥1.61bnCN¥3.13bnCN¥2.08bnCN¥1.70bn
DebtCN¥1.30bnCN¥507.0mCN¥467.8mCN¥307.3mCN¥435.8mCN¥184.8mCN¥851.0m
Shareholders' equityCN¥3.03bnCN¥2.32bnCN¥2.25bnCN¥1.21bnCN¥1.03bnCN¥626.7mCN¥414.4m
Shares outstanding909m909m910m675m909m909m909m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Cash from operationsCN¥225.0mCN¥100.5m−CN¥374.0mCN¥113.9m−CN¥4.3mCN¥261.2m−CN¥218.1m
Capital spending−CN¥100.3m−CN¥101.8m−CN¥9.1m−CN¥126.4m−CN¥13.5m−CN¥21.5m−CN¥1.2m
Free cash flowCN¥124.7m−CN¥1.4m−CN¥383.1m−CN¥12.5m−CN¥17.8mCN¥239.7m−CN¥219.3m
Dividends paid−CN¥68.2m−CN¥47.1m—————

Latest quarters

By quarter end

Mar 2026Sept 2025Mar 2025Sept 2024Jun 2024Mar 2024Sept 2023Jun 2023
RevenueCN¥3.73bnCN¥2.35bnCN¥2.41bnCN¥1.81bnCN¥1.06bnCN¥2.51bnCN¥1.07bnCN¥627.9m
Gross profitCN¥418.7mCN¥233.6mCN¥388.7mCN¥156.8mCN¥92.3mCN¥360.1mCN¥149.9mCN¥88.2m
Operating incomeCN¥339.8mCN¥123.2mCN¥291.4mCN¥77.5mCN¥45.6mCN¥287.4mCN¥82.6mCN¥48.6m
Net incomeCN¥272.2mCN¥94.8mCN¥192.7mCN¥68.6mCN¥40.3mCN¥189.2mCN¥53.8mCN¥31.7m
Diluted earnings per share0.300.100.210.080.040.210.080.05
Cash from operations—−CN¥239.0mCN¥351.0m−CN¥115.0m−CN¥116.0m−CN¥321.0m−CN¥100.0m−CN¥59.0m
Capital spending—−CN¥34.0m−CN¥22.0m−CN¥93.0m−CN¥41.0m−CN¥6.0m−CN¥3.0m−CN¥1.0m
Free cash flow—−CN¥273.0mCN¥329.0m−CN¥208.0m−CN¥157.0m−CN¥327.0m−CN¥103.0m−CN¥60.0m
Total assetsCN¥5.96bnCN¥4.80bnCN¥4.46bnCN¥3.66bnCN¥4.30bnCN¥4.61bnCN¥3.68bn—
Cash and short-term investmentsCN¥1.38bnCN¥912.7mCN¥708.3mCN¥390.0mCN¥458.9mCN¥812.3mCN¥365.7mCN¥365.7m
DebtCN¥1.26bnCN¥987.0mCN¥507.0mCN¥330.4mCN¥240.2mCN¥385.6mCN¥324.0m—
Shareholders' equityCN¥3.03bnCN¥2.76bnCN¥2.32bnCN¥2.13bnCN¥2.51bnCN¥2.45bnCN¥1.58bnCN¥1.58bn

Financial ratios

Data as of 13 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin10.7%12.9%14.2%18.0%19.4%12.7%
Operating margin7.7%8.7%9.4%12.1%11.6%6.6%
Net margin6.0%6.2%6.7%8.6%10.3%9.7%
Return on equity11.9%11.3%9.5%28.5%38.6%32.3%
Return on assets6.0%5.9%5.5%10.9%8.6%7.1%
Free cash flow yield3.9%2.9%-5.2%4.6%——
Revenue growth20.0%31.7%-20.2%22.9%84.5%12.1%
Earnings growth17.2%21.8%-37.7%2.2%95.9%607.6%
Current ratio1.95x2.06x2.12x1.56x1.20x1.09x
Debt to equity0.42x0.21x0.21x0.25x0.42x0.21x
Equity ratio50.8%52.0%57.6%38.4%22.4%22.0%
Interest coverage20.46x21.69x18.02x32.34x46.06x13.19x
R&D as a share of sales0.6%0.7%0.8%0.7%1.0%1.2%
Buybacks as a share of market value0.0%0.1%-34.8%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue14.1%23.4%—
Operating income-1.9%26.2%—
Net income1.5%12.2%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin11.6%13.6%14.5%—
Operating margin8.3%9.5%9.6%—
Net margin6.1%6.8%7.6%—

Valuation history

At each fiscal year end

FY2026FY2025FY2024
Price to earnings23.623.524.4
Price to sales1.41.51.6

Dividends and splits

Per share, in the currency the company pays

Paid for 2 years. Last went ex-dividend on 26 Aug 2025.

FY2026FY2025
Paid in the year0.0820.067

Sources and methodology

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

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