)
)
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.
Shanghai M&G Stationery
Shanghai M&G Stationery (603899) investor relations material
Shanghai M&G Stationery Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue rose 2.63% YoY to ¥6.69bn, while net income attributable to shareholders fell 6.44% to ¥365.9m; 9M revenue increased 3.94% to ¥18.01bn and net income rose 0.36% to ¥951.7m.
9M adjusted net income, excluding non-recurring gains, declined 1.30% YoY to ¥791.8m; operating cash flow fell 17.86% to ¥1.14bn.
Financial highlights
Q3 total profit was ¥471.5m, down 6.33% YoY; 9M total profit was ¥1.25bn, up 1.84%.
Q3 adjusted net income was ¥330.2m, down 3.08% YoY; 9M adjusted net income was ¥791.8m, down 1.30%.
9M net income attributable to shareholders was ¥951.7m versus ¥948.3m; total net income reached ¥988.9m versus ¥972.8m.
Segment performance
9M writing tools revenue was ¥2.09bn, up 4.75% YoY, with a 45.95% gross margin, up 1.83 percentage points.
Student stationery revenue was ¥2.58bn, down 0.03% YoY; gross margin was 34.62%, down 0.95 percentage points.
Office stationery revenue was ¥2.30bn, down 0.05% YoY; gross margin was 26.73%, up 0.19 percentage points.
Other products revenue was ¥775.3m, up 6.33% YoY, with a 47.65% gross margin, up 3.75 percentage points.
Office direct sales revenue was ¥10.24bn, up 5.63% YoY; gross margin was 6.48%, down 0.31 percentage points. Lifestyle stores revenue rose 11.90%, Ji Mu Sundry Shop 13.54%, and M&G Technology 6.97%.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Shanghai M&G Stationery
- Revenue and profit rose over 4%, with robust new business growth and strong shareholder returns.603899
Q2 2026 - Revenue up 3.45% to RMB25.06B; net profit down 6.12%; Colipu and Jiumu Store led growth.603899H2 2025
- Revenue and net profit grew year-over-year, but operating cash flow declined sharply.603899Q1 2026
- Revenue up 3.76% but net profit down 8.58%; strong growth in new and overseas business.603899H2 2024
- Revenue up, but net profit and margins declined amid growth in direct sales and subsidiaries.603899Q3 2025
- H1 2025 revenue fell 2.19% and net profit dropped 11.97%, with new business growth offset by core declines.603899H1 2025
- Revenue up, profit down; retail and tech segments drive growth amid margin pressure.603899Q3 2024
- Revenue up 10.95% and net profit up 4.71% year-over-year, led by new business growth.603899H1 2024
- Net profit fell 16.23% year-over-year as core stationery sales declined but retail expanded.603899Q1 2025
Next Shanghai M&G Stationery earnings date
H2 202629 Mar, 2027
Shanghai M&G Stationery
Next Shanghai M&G Stationery earnings date
H2 202629 Mar, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)