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Migao Group Holdings Limited logo

Migao Group Holdings Limited

9879.HK

HKSEBasic MaterialsAgricultural Inputs

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Latest quote

HK$9.30

−HK$0.195 · -2.05%

Aug 24, 4:08 PM HKT

9879.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Migao Group Holdings Limited functions as an investment holding company with a core business centered on specialty potash-based fertilizers within the People's Republic of China. Its comprehensive operations encompass the sourcing, acquisition, processing, production, and distribution of these essential agricultural inputs. The company's product portfolio features potassium chloride, potassium sulfate, hydrochloric acid, and various compound fertilizers, alongside its role as a reseller of potassium nitrate. Beyond its fertilizer offerings, Migao also delivers warehousing, research and development, and technical and project management services. Its primary customer base comprises entities in agricultural reclamation, the tobacco industry, and the broader agribusiness sector. Established in 2003, Migao Group Holdings Limited is headquartered in Causeway Bay, Hong Kong, and operates as a subsidiary of Migao Holding Limited.

Industry
Agricultural Inputs
Sector
Basic Materials
Headquarters
HK
CEO
Guocai Liu
Listed since
Mar 21, 2024
Employees
414

Market position

Day range

Current HK$9.30

52-week range

Current HK$9.30

Open
HK$9.50
Previous close
HK$9.495
Volume
466K
0.97× average
Average volume
482.3K
Average daily volume
Market cap
8.45B HKD
Beta
0.23
Market reference 1
50-day average
HK$9.0428
+2.84% above average
200-day average
HK$8.2382
+12.89% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6B CNY
P/E (TTM)
19.93×
P/B (TTM)
2.39×
P/S (TTM)
1.19×
EV / EBITDA
11.75×
Earnings yield
5.92%
Free cash flow yield
0.00%
Dividend yield
0.88%

Profitability & efficiency

Gross margin
10.72%
Operating margin
7.61%
Net margin
6.03%
Return on equity
11.90%
Return on assets
6.04%
Return on invested capital
8.32%

Financial health

Debt / equity
0.43×
Current ratio
1.95×
Altman Z-score
4.45
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%15%10%5%Gross margin, FY2021: 19.42%Gross margin, FY2022: 17.99%Gross margin, FY2023: 14.23%Gross margin, FY2024: 12.93%Gross margin, FY2025: 10.72%Operating margin, FY2021: 11.72%Operating margin, FY2022: 12.09%Operating margin, FY2023: 10.20%Operating margin, FY2024: 9.17%Operating margin, FY2025: 7.68%Net margin, FY2021: 10.32%Net margin, FY2022: 8.58%Net margin, FY2023: 6.70%Net margin, FY2024: 6.19%Net margin, FY2025: 6.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.42%. Gross margin FY2022 17.99%. Gross margin FY2023 14.23%. Gross margin FY2024 12.93%. Gross margin FY2025 10.72%. Operating margin FY2021 11.72%. Operating margin FY2022 12.09%. Operating margin FY2023 10.20%. Operating margin FY2024 9.17%. Operating margin FY2025 7.68%. Net margin FY2021 10.32%. Net margin FY2022 8.58%. Net margin FY2023 6.70%. Net margin FY2024 6.19%. Net margin FY2025 6.05%.

Income trends

Revenue

5.96B CNY+19.98%

Operating income

457.72M CNY+0.54%

Net income

360.38M CNY+17.21%
Income trends across reported periods6.53B CNY4.25B CNY1.96B CNY−318.11M CNYRevenue, FY2021: 3.84B CNYRevenue, FY2022: 4.72B CNYRevenue, FY2023: 3.77B CNYRevenue, FY2024: 4.97B CNYRevenue, FY2025: 5.96B CNYOperating income, FY2021: 450.33M CNYOperating income, FY2022: 570.75M CNYOperating income, FY2023: 384.67M CNYOperating income, FY2024: 455.26M CNYOperating income, FY2025: 457.72M CNYNet income, FY2021: 396.34M CNYNet income, FY2022: 405.09M CNYNet income, FY2023: 252.48M CNYNet income, FY2024: 307.47M CNYNet income, FY2025: 360.38M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.84B CNY. Revenue FY2022 4.72B CNY. Revenue FY2023 3.77B CNY. Revenue FY2024 4.97B CNY. Revenue FY2025 5.96B CNY. Operating income FY2021 450.33M CNY. Operating income FY2022 570.75M CNY. Operating income FY2023 384.67M CNY. Operating income FY2024 455.26M CNY. Operating income FY2025 457.72M CNY. Net income FY2021 396.34M CNY. Net income FY2022 405.09M CNY. Net income FY2023 252.48M CNY. Net income FY2024 307.47M CNY. Net income FY2025 360.38M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue5.96B CNY4.97B CNY3.77B CNY4.72B CNY3.84B CNY
Cost of goods sold5.32B CNY4.32B CNY3.23B CNY4.54B CNY3.91B CNY
Gross profit639.02M CNY642.05M CNY536.5M CNY849.62M CNY745.96M CNY
Research and development34.42M CNY34.83M CNY30.93M CNY31.04M CNY38.85M CNY
Selling, general, and administrative152.46M CNY169.09M CNY123.5M CNY167.41M CNY97.59M CNY
Operating expenses181.3M CNY186.79M CNY151.84M CNY197.07M CNY206.14M CNY
Interest income4.33M CNY2.06M CNY4.47M CNY3.54M CNY15.65M CNY
Interest expense22.37M CNY19.98M CNY19.6M CNY17.65M CNY9.66M CNY
Depreciation and amortization53.32M CNY18.96M CNY8.99M CNY20.3M CNY8.74M CNY
Operating income457.72M CNY455.26M CNY384.67M CNY570.75M CNY450.33M CNY
Net income360.38M CNY307.47M CNY252.48M CNY405.09M CNY396.34M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.34

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.380.280.180.08Q2 '24Q4 '24Q2 '25Q4 '25Q2 '26
Q2 2024, reported Jun 21, 2024: actual 0.303, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 0.099, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual 0.256, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 27, 2025: actual 0.109, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 12, 2026: actual 0.342, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates4.42B3.68B2.93B2.19BQ2 '24Q4 '24Q2 '25Q4 '25Q2 '26
Q2 2024, reported Jun 21, 2024: actual 2.72B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 2.36B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual 3.03B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 27, 2025: actual 2.57B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 12, 2026: actual 4.25B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.082

2025 complete year+22.4% since 2024

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

HK$0.0968

Annual

Record Sep 4, 2026 · Payment Oct 9, 2026

Dividend

Ex-dividend Aug 26, 2025

HK$0.082

Irregular

Record Aug 27, 2025 · Payment Oct 10, 2025

Dividend

Ex-dividend Sep 5, 2024

HK$0.067

Annual

Record Sep 6, 2024 · Payment Oct 10, 2024

9879.HK peers

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Aluminum Corporation of China Limited logo

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ETFs holding 9879.HK

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
139.85K
Weight
0.02%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$72.22+0.25%

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