Shanghai M&G Stationery
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Shanghai M&G Stationery (603899) investor relations material

Shanghai M&G Stationery Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary29 Apr, 2026

Executive summary

  • Revenue for Q1 2026 reached RMB 5.53 billion, up 5.44% year-over-year, with net profit attributable to shareholders at RMB 337 million, a 5.93% increase year-over-year.

  • Operating cash flow dropped sharply by 86.25% year-over-year due to increased cash outflows for payables settled in the period.

  • Gross margin and EPS both improved slightly compared to the same quarter last year.

Financial highlights

  • Operating income: RMB 5.53 billion, up 5.44% year-over-year.

  • Net profit attributable to shareholders: RMB 337 million, up 5.93% year-over-year.

  • Basic and diluted EPS: RMB 0.3681, up 6.02% year-over-year.

  • Operating cash flow: RMB 15.4 million, down 86.25% year-over-year.

  • Total assets at quarter-end: RMB 16.77 billion, down 7.23% from year-end 2025.

Segment performance

  • Office direct sales revenue grew 10.31% year-over-year; "M&G Life" retail up 14.48%, with "Jiumu General Store" up 16.11%.

  • Book writing tools revenue up 4.01%, other products up 10.86%, while student and office stationery declined slightly.

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Q2 202628 Aug, 2026
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