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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Migao Group Holdings
Migao Group Holdings (9879) investor relations material
Migao Group Holdings H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary26 Jun, 2026
Executive summary
FY2026 revenue rose 24.4% YoY to RMB6,175.3m, while profit increased 11.3% to RMB378.0m; basic EPS was RMB0.41, up 20.6%.
Revenue growth reflected higher average selling prices for potash-based fertilizers; sales volume declined 3.0% to 2.275m tonnes.
Financial highlights
Gross profit increased 3.2% to RMB662.3m, while gross margin fell to 10.7% from 12.9%, as higher imported input costs were not fully passed through.
Profit before tax rose to RMB460.8m from RMB413.4m; income tax expense increased to RMB82.8m from RMB73.9m.
Profit attributable to owners was RMB373.5m versus RMB307.5m; basic and diluted EPS were both RMB0.41 versus RMB0.34.
Outlook and guidance
Priorities include product innovation, broader product offerings, operational efficiency and exploring new markets to serve demand for high-efficiency fertilizers.
Vietnam Facility construction is planned in stages, subject to outstanding approvals; the facility is intended to support expansion into emerging Asian markets.
Strategic development is also being evaluated in the Middle East, with geopolitical considerations factored into a prudent investment approach; expansion targets include Asia, the Middle East and Europe.
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Latest events from Migao Group Holdings
- Higher volume lifted FY2025 revenue and profit, while lower prices pressured margins.9879
H2 2025 - Higher prices lifted profit 22.1% despite a 15.0% volume decline; Vietnam plans advanced.9879H1 2026
- Higher volumes could not offset lower potash prices, cutting FY2024 profit by 34.5%.9879H2 2024
- Volume-led growth lifted revenue and profit, but lower KCL margins cut gross margin to 8.7%.9879H1 2025
Next Migao Group Holdings earnings date
H1 26/2727 Nov, 2026
Migao Group Holdings
Next Migao Group Holdings earnings date
H1 26/2727 Nov, 2026
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