Migao Group Holdings Reports 31.7% Revenue Increase and 22.9% Profit Growth for FY2025; EPS Down 8.1%

Reuters
Jun 26
Migao Group Holdings Reports 31.7% Revenue Increase and 22.9% Profit Growth for FY2025; EPS Down 8.1%

Migao Group Holdings Ltd. has announced its annual results for the fiscal year ended 31 March 2025. The company reported a profit before tax of RMB 413.4 million, up from RMB 333.6 million the previous year. Profit for the year rose to RMB 339.5 million from RMB 276.2 million in the prior year. The total comprehensive income for the year increased to RMB 337.7 million compared to RMB 271.6 million in the previous year. The profit attributable to owners of the company amounted to RMB 307.5 million, an increase from RMB 252.5 million last year. Non-controlling interests accounted for RMB 32.0 million of the profit, up from RMB 23.7 million. Sales volume saw a significant increase, with a 35.2% year-on-year growth, reaching 2,345,000 tonnes from 1,734,000 tonnes in the previous year. Earnings per share were reported at RMB 0.34, compared to RMB 0.37 last year. The company also highlighted an increase in other income, which totaled RMB 20.4 million, up from RMB 9.2 million in the previous fiscal year, driven by an extra deduction of input value-added tax amounting to RMB 13.9 million. Migao Group Holdings Ltd. has also proposed amendments to its existing articles and the adoption of a new memorandum and articles of association to align with legal and regulatory requirements and to provide flexibility in conducting general meetings.

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