Migao Group Holdings Limited (HKG:9879)

Migao Group Holdings Balance Sheet

Financials in millions CNY. Fiscal year is April - March.

Assets

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	1,158	750.8	812.34	365.73	283.46
Trading Asset Securities	-	82.76	-	-	-
Cash & Short-Term Investments	1,158	833.56	812.34	365.73	283.46
Cash Growth	38.96%	2.61%	122.11%	29.03%	418.13%
Accounts Receivable	490.21	457.1	595.02	338.11	607.15
Other Receivables	108.27	103.29	92.91	101.26	111.56
Receivables	638.39	560.4	687.94	439.37	718.71
Inventory	3,031	2,823	2,208	1,460	1,783
Restricted Cash	229.39	222.79	152.21	170.48	190.3
Other Current Assets	8.36	8.36	-	14.74	8.5
Total Current Assets	5,066	4,448	3,861	2,451	2,984
Property, Plant & Equipment	729.09	630.76	599.1	639.52	556.93
Long-Term Investments	102.71	89.61	116.31	122.3	111.03
Goodwill	12.07	12.07	12.07	12.07	12.07
Other Intangible Assets	0.79	2.38	3.96	5.55	7.13
Long-Term Deferred Tax Assets	4.43	4.7	3.7	4.45	4.97
Other Long-Term Assets	69.99	59.25	9.85	4.38	35.63
Total Assets	5,985	5,246	4,606	3,239	3,712

Liabilities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	580.41	532.54	349.93	496.88	1,021
Accrued Expenses	249.41	165.99	134.22	104.81	117.18
Short-Term Debt	6.37	7.76	-	105.82	95.02
Current Portion of Long-Term Debt	671.86	428.01	380.74	164.74	292.43
Current Portion of Leases	52.88	3.23	4.84	5.68	3.77
Current Income Taxes Payable	269.9	231.68	171.88	155.81	112.77
Current Unearned Revenue	741.31	764.79	745.12	335.98	611.97
Other Current Liabilities	21.95	27.93	35.37	204.66	234.85
Total Current Liabilities	2,594	2,162	1,822	1,574	2,489
Long-Term Debt	128.61	154.33	164.43	80	40
Long-Term Leases	45.1	11.07	0.53	5.38	4.55
Long-Term Deferred Tax Liabilities	1.99	2.4	2.78	3.17	3.58
Total Liabilities	2,770	2,330	1,990	1,663	2,537

Shareholders' Equity

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	64.5	64.5	63.86	0.07	0.07
Additional Paid-In Capital	623.76	691.93	715.78	-	-
Retained Earnings	3,525	3,151	2,844	2,591	2,186
Comprehensive Income & Other	-1,175	-1,177	-1,175	-1,170	-1,159
Total Common Equity	3,038	2,731	2,448	1,421	1,027
Minority Interest	177.41	186.04	167.42	155.08	147.63
Shareholders' Equity	3,215	2,917	2,616	1,576	1,175
Total Liabilities & Equity	5,985	5,246	4,606	3,239	3,712

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	904.82	604.4	550.54	361.61	435.77
Net Cash (Debt)	253.52	229.16	261.81	4.12	-152.31
Net Cash Growth	10.63%	-12.47%	6256.03%	-	-
Net Cash Per Share	0.28	0.25	0.38	0.01	-0.23
Filing Date Shares Outstanding	908.94	908.94	900	675	675
Total Common Shares Outstanding	908.94	908.94	900	675	675
Working Capital	2,472	2,286	2,038	876.18	495.28
Book Value Per Share	3.34	3.00	2.72	2.10	1.52
Tangible Book Value	3,025	2,716	2,432	1,403	1,008
Tangible Book Value Per Share	3.33	2.99	2.70	2.08	1.49
Buildings	444.99	423.99	442.08	441.08	412.27
Machinery	494.23	495.99	492.96	489.15	462.08
Construction In Progress	93.14	71.95	8.18	0.64	13.67

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 11, 2026

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