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How does 603899.SS make money? Does 603899.SS have pricing power? What's the Earnings Whisper? Will 603899.SS profit more as the business scales? What is 603899.SS's management track record? Is 603899.SS's current price justified?

Shanghai M&G Stationery Inc.

¥21.76 -$5.62 (-20.53%)

SHH · 16 Sep 2026 07:00 UTC

Previous Close

¥22.16

Day Range

¥21.66¥22.18

Year Range

¥19.85¥29.82

Market Cap

19.93B

AVG Volume

4.86M

Trailing/Forward PE

14.8/12.91

PEG ratio

1.6

Dividend Yield

4.60%

Next Earnings Date

2026-10-26

Primary Exchange

Shanghai Stock Exchange

Revenue (CNY)

603899.SS Revenue (CNY) by year
Period	Revenue (CNY)
2025	25.06B
2024	24.23B
2023	23.35B
2022	20B
2021	17.61B
2020	13.14B
2019	11.14B
2018	8.53B
2017	6.36B
2016	4.66B

Net Income (CNY)

603899.SS Net Income (CNY) by year
Period	Net Income (CNY)
2025	1.31B
2024	1.4B
2023	1.53B
2022	1.28B
2021	1.52B
2020	1.26B
2019	1.06B
2018	806.85M
2017	634.04M
2016	492.92M

Operating Income (CNY)

603899.SS Operating Income (CNY) by year
Period	Operating Income (CNY)
2025	1.61B
2024	1.76B
2023	1.93B
2022	1.61B
2021	1.78B
2020	1.41B
2019	1.28B
2018	934.75M
2017	682.88M
2016	537.25M

EBITDA (CNY)

603899.SS EBITDA (CNY) by year
Period	EBITDA (CNY)
2025	1.79B
2024	1.88B
2023	2B
2022	1.66B
2021	1.89B
2020	1.56B
2019	1.39B
2018	1.02B
2017	749.83M
2016	595.97M

Cash Flows (CNY)

603899.SS Cash Flows (CNY) by year
Period	Cash Flows (CNY)
2025	1.94B
2024	1.96B
2023	2.61B
2022	848.45M
2021	1.18B
2020	947.76M
2019	704.2M
2018	509.71M
2017	178.72M
2016	472.34M

EPS (CNY)

603899.SS EPS (CNY) by year
Period	EPS (CNY)
2025	1.44
2024	1.51
2023	1.65
2022	1.39
2021	1.64
2020	1.36
2019	1.15
2018	0.88
2017	0.69
2016	0.54

Expenses (CNY)

603899.SS Expenses (CNY) by year
Period	Expenses (CNY)
2025	3.38B
2024	3.24B
2023	2.75B
2022	2.5B
2021	2.71B
2020	2.19B
2019	1.71B
2018	1.4B
2017	1.52B
2016	1.06B

Cash & Debt (CNY)

603899.SS Cash & Debt (CNY) by year
Period	Cash & Debt (CNY)
2025	8.09B
2024	7.53B
2023	6.64B
2022	4.99B
2021	4.62B
2020	3.99B
2019	2.6B
2018	1.05B
2017	436.36M
2016	563.91M

Debt ratios

603899.SS Debt ratios by year
Period	Debt ratios
2025	-1.04
2024	-0.94
2023	-0.83
2022	-0.69
2021	-0.7
2020	-0.81
2019	-0.64
2018	-0.36

Margins

603899.SS Margins by year
Period	Margins
2025	18.33%
2024	18.89%
2023	18.91%
2022	19.28%
2021	23.11%
2020	25.28%
2019	25.97%
2018	25.63%
2017	26.57%
2016	26.39%

Return on Capital

603899.SS Return on Capital by year
Period	Return on Capital
2025	13.27%
2024	14.79%
2023	18.28%
2022	17.68%
2021	23.27%
2020	23.07%
2019	23.76%
2018	23.07%
2017	21.76%
2016	19.59%

Shares Outstanding

603899.SS Shares Outstanding by year
Period	Shares Outstanding
2025	916.01M
2024	920.62M
2023	926.6M
2022	919.94M
2021	922.15M
2020	925.7M
2019	919.87M
2018	919.87M
2017	919.83M
2016	919.23M

Dividends (CNY)

603899.SS Dividends (CNY) by year
Period	Dividends (CNY)
2026	1
2025	1
2024	0.8
2023	0.5
2022	0.6
2021	0.5
2020	0.4
2019	0.3
2018	0.25
2017	0.25

Book Value Per Share (CNY)

603899.SS Book Value Per Share (CNY) by year
Period	Book Value Per Share (CNY)
2025	10.78
2024	10.25
2023	9.01
2022	7.88
2021	7.07
2020	5.88
2019	4.85
2018	3.8
2017	3.17
2016	2.74

Total Assets (CNY)

603899.SS Total Assets (CNY) by year
Period	Total Assets (CNY)
2025	18.07B
2024	16.59B
2023	15.31B
2022	13.02B
2021	11.42B
2020	9.71B
2019	7.57B
2018	5.68B
2017	4.39B
2016	3.43B

PE Ratio

603899.SS PE Ratio by year
Period	PE Ratio
Sep 26	15.26
Sep 26	15.06
Sep 26	15.95
Aug 26	15.93
Aug 26	15.3
Aug 26	15.33
Aug 26	15.49
Jul 26	16.12
Jul 26	15.36
Jul 26	15.09
Jul 26	14.78
Jul 26	14.82
Jun 26	14.46
Jun 26	14.89
Jun 26	15.78
Jun 26	15.5
May 26	16.11
May 26	15.71
May 26	16.59
May 26	17.34
Apr 26	17.15
Apr 26	17.55
Apr 26	17.73
Apr 26	18.03
Apr 26	17.92
Mar 26	17.09
Mar 26	17.59
Mar 26	18.01
Mar 26	18.14
Feb 26	18.88
Feb 26	18.53
Feb 26	19.13
Jan 26	19.17
Jan 26	19.73
Jan 26	18.99
Jan 26	19.28
Dec 25	18.74
Dec 25	19.21
Dec 25	19.72
Dec 25	19.15
Dec 25	19.52
Nov 25	19.31
Nov 25	19.56
Nov 25	20.11
Nov 25	19.81
Oct 25	19.53
Oct 25	19.28
Oct 25	19.14
Oct 25	19.02
Sep 25	19.14
Sep 25	18.96
Sep 25	19.85
Sep 25	20.68
Sep 25	21.12
Aug 25	20.92
Aug 25	21.88
Aug 25	21.39
Aug 25	21.47
Aug 25	21.41
Jul 25	21.58
Jul 25	20.23
Jul 25	20.37
Jul 25	19.97
Jun 25	18.88
Jun 25	19.74
Jun 25	21.87
Jun 25	20.8
May 25	19.46
May 25	18.27
May 25	19.23
May 25	19.82
Apr 25	19.4
Apr 25	20.59
Apr 25	19.79
Apr 25	20.02
Apr 25	20.84
Mar 25	19.49
Mar 25	18.63
Mar 25	19.46
Mar 25	17.69
Feb 25	17.54
Feb 25	17.66
Feb 25	18.47
Feb 25	18.1
Jan 25	18.04
Jan 25	18.03
Jan 25	18.03
Jan 25	17.69
Jan 25	18.34
Dec 24	18.18
Dec 24	19.03
Dec 24	19.39
Dec 24	18.71
Nov 24	19.77
Nov 24	17.39
Nov 24	17.95
Nov 24	18.68
Nov 24	17.24
Oct 24	18.09
Oct 24	17.79

Free Cash Flow Yield

603899.SS Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	9.09%
Sep 26	9.21%
Sep 26	8.69%
Aug 26	8.71%
Aug 26	9.07%
Aug 26	9.05%
Aug 26	8.96%
Jul 26	8.61%
Jul 26	9.03%
Jul 26	9.19%
Jul 26	9.39%
Jul 26	9.36%
Jun 26	10.23%
Jun 26	9.94%
Jun 26	9.37%
Jun 26	9.55%
May 26	9.18%
May 26	9.41%
May 26	8.91%
May 26	8.53%
Apr 26	8.62%
Apr 26	8.43%
Apr 26	8.34%
Apr 26	8.21%
Apr 26	8.25%
Mar 26	8.26%
Mar 26	8.02%
Mar 26	7.84%
Mar 26	7.78%
Feb 26	7.48%
Feb 26	7.62%
Feb 26	7.38%
Jan 26	7.36%
Jan 26	7.15%
Jan 26	7.43%
Jan 26	7.32%
Dec 25	7.53%
Dec 25	7.25%
Dec 25	7.06%
Dec 25	7.27%
Dec 25	7.13%
Nov 25	7.21%
Nov 25	7.12%
Nov 25	6.92%
Nov 25	7.03%
Oct 25	7.13%
Oct 25	7.22%
Oct 25	7.27%
Oct 25	7.32%
Sep 25	7.28%
Sep 25	7.89%
Sep 25	7.54%
Sep 25	7.24%
Sep 25	7.08%
Aug 25	7.15%
Aug 25	6.84%
Aug 25	6.99%
Aug 25	6.97%
Aug 25	6.99%
Jul 25	6.93%
Jul 25	7.4%
Jul 25	7.34%
Jul 25	7.49%
Jun 25	7.45%
Jun 25	7.13%
Jun 25	6.43%
Jun 25	6.77%
May 25	7.23%
May 25	7.7%
May 25	7.32%
May 25	7.1%
Apr 25	7.25%
Apr 25	6.83%
Apr 25	7.11%
Apr 25	7.03%
Apr 25	6.75%
Mar 25	8.48%
Mar 25	8.87%
Mar 25	8.49%
Mar 25	9.34%
Feb 25	9.42%
Feb 25	9.35%
Feb 25	8.94%
Feb 25	9.13%
Jan 25	9.16%
Jan 25	9.16%
Jan 25	9.16%
Jan 25	9.34%
Jan 25	9.01%
Dec 24	8.56%
Dec 24	8.18%
Dec 24	8.02%
Dec 24	8.32%
Nov 24	7.87%
Nov 24	8.95%
Nov 24	8.67%
Nov 24	8.33%
Nov 24	9.02%
Oct 24	8.6%
Oct 24	8.75%

Price to Sales

603899.SS Price to Sales by year
Period	Price to Sales
Sep 26	0.8
Sep 26	0.79
Sep 26	0.84
Aug 26	0.84
Aug 26	0.8
Aug 26	0.8
Aug 26	0.81
Jul 26	0.85
Jul 26	0.81
Jul 26	0.79
Jul 26	0.77
Jul 26	0.78
Jun 26	0.76
Jun 26	0.78
Jun 26	0.83
Jun 26	0.81
May 26	0.84
May 26	0.82
May 26	0.87
May 26	0.91
Apr 26	0.9
Apr 26	0.92
Apr 26	0.93
Apr 26	0.94
Apr 26	0.94
Mar 26	0.92
Mar 26	0.95
Mar 26	0.97
Mar 26	0.98
Feb 26	1.02
Feb 26	1
Feb 26	1.04
Jan 26	1.04
Jan 26	1.07
Jan 26	1.03
Jan 26	1.04
Dec 25	1.01
Dec 25	1.06
Dec 25	1.09
Dec 25	1.05
Dec 25	1.07
Nov 25	1.06
Nov 25	1.08
Nov 25	1.11
Nov 25	1.09
Oct 25	1.07
Oct 25	1.06
Oct 25	1.05
Oct 25	1.05
Sep 25	1.05
Sep 25	1.05
Sep 25	1.1
Sep 25	1.15
Sep 25	1.17
Aug 25	1.16
Aug 25	1.22
Aug 25	1.19
Aug 25	1.19
Aug 25	1.19
Jul 25	1.2
Jul 25	1.13
Jul 25	1.13
Jul 25	1.11
Jun 25	1.09
Jun 25	1.14
Jun 25	1.26
Jun 25	1.2
May 25	1.12
May 25	1.05
May 25	1.11
May 25	1.14
Apr 25	1.12
Apr 25	1.19
Apr 25	1.14
Apr 25	1.15
Apr 25	1.2
Mar 25	1.15
Mar 25	1.1
Mar 25	1.15
Mar 25	1.05
Feb 25	1.04
Feb 25	1.04
Feb 25	1.09
Feb 25	1.07
Jan 25	1.07
Jan 25	1.07
Jan 25	1.07
Jan 25	1.05
Jan 25	1.08
Dec 24	1.16
Dec 24	1.21
Dec 24	1.23
Dec 24	1.19
Nov 24	1.26
Nov 24	1.11
Nov 24	1.14
Nov 24	1.19
Nov 24	1.1
Oct 24	1.15
Oct 24	1.13

EV/EBITDA

603899.SS EV/EBITDA by year
Period	EV/EBITDA
Sep 26	7.9
Sep 26	7.75
Sep 26	8.42
Aug 26	8.4
Aug 26	7.93
Aug 26	7.95
Aug 26	8.07
Jul 26	8.54
Jul 26	7.97
Jul 26	7.77
Jul 26	7.53
Jul 26	7.56
Jun 26	6.35
Jun 26	6.67
Jun 26	7.33
Jun 26	7.12
May 26	7.57
May 26	7.28
May 26	7.92
May 26	8.47
Apr 26	8.33
Apr 26	8.62
Apr 26	8.76
Apr 26	8.97
Apr 26	8.9
Mar 26	9.61
Mar 26	10
Mar 26	10.32
Mar 26	10.41
Feb 26	10.98
Feb 26	10.71
Feb 26	11.17
Jan 26	11.2
Jan 26	11.63
Jan 26	11.06
Jan 26	11.28
Dec 25	10.87
Dec 25	11.8
Dec 25	12.2
Dec 25	11.76
Dec 25	12.04
Nov 25	11.88
Nov 25	12.08
Nov 25	12.5
Nov 25	12.27
Oct 25	12.05
Oct 25	11.86
Oct 25	11.75
Oct 25	11.65
Sep 25	11.75
Sep 25	10.65
Sep 25	11.32
Sep 25	11.93
Sep 25	12.26
Aug 25	12.11
Aug 25	12.82
Aug 25	12.46
Aug 25	12.52
Aug 25	12.48
Jul 25	12.6
Jul 25	11.6
Jul 25	11.71
Jul 25	11.4
Jun 25	10.29
Jun 25	10.93
Jun 25	12.51
Jun 25	11.71
May 25	10.72
May 25	9.84
May 25	10.55
May 25	10.99
Apr 25	10.68
Apr 25	11.56
Apr 25	10.97
Apr 25	11.14
Apr 25	11.75
Mar 25	11.09
Mar 25	10.48
Mar 25	11.07
Mar 25	9.8
Feb 25	9.69
Feb 25	9.78
Feb 25	10.36
Feb 25	10.09
Jan 25	10.05
Jan 25	10.05
Jan 25	10.05
Jan 25	9.8
Jan 25	10.27
Dec 24	11.36
Dec 24	12.01
Dec 24	12.28
Dec 24	11.77
Nov 24	12.57
Nov 24	10.77
Nov 24	11.19
Nov 24	11.75
Nov 24	10.66
Oct 24	11.3
Oct 24	11.07

Price/Operating Cashflow

603899.SS Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	9.13
Sep 26	9.01
Sep 26	9.54
Aug 26	9.53
Aug 26	9.15
Aug 26	9.17
Aug 26	9.26
Jul 26	9.64
Jul 26	9.19
Jul 26	9.03
Jul 26	8.84
Jul 26	8.86
Jun 26	8.22
Jun 26	8.46
Jun 26	8.97
Jun 26	8.81
May 26	9.16
May 26	8.93
May 26	9.43
May 26	9.86
Apr 26	9.75
Apr 26	9.97
Apr 26	10.08
Apr 26	10.25
Apr 26	10.19
Mar 26	9.92
Mar 26	10.21
Mar 26	10.46
Mar 26	10.53
Feb 26	10.96
Feb 26	10.75
Feb 26	11.1
Jan 26	11.13
Jan 26	11.45
Jan 26	11.02
Jan 26	11.19
Dec 25	10.88
Dec 25	11.45
Dec 25	11.76
Dec 25	11.42
Dec 25	11.64
Nov 25	11.51
Nov 25	11.66
Nov 25	11.99
Nov 25	11.81
Oct 25	11.64
Oct 25	11.5
Oct 25	11.41
Oct 25	11.34
Sep 25	11.41
Sep 25	10.81
Sep 25	11.32
Sep 25	11.79
Sep 25	12.04
Aug 25	11.93
Aug 25	12.47
Aug 25	12.19
Aug 25	12.24
Aug 25	12.2
Jul 25	12.3
Jul 25	11.53
Jul 25	11.61
Jul 25	11.38
Jun 25	11.47
Jun 25	11.99
Jun 25	13.28
Jun 25	12.63
May 25	11.82
May 25	11.1
May 25	11.68
May 25	12.04
Apr 25	11.79
Apr 25	12.51
Apr 25	12.02
Apr 25	12.16
Apr 25	12.66
Mar 25	10.49
Mar 25	10.02
Mar 25	10.47
Mar 25	9.52
Feb 25	9.44
Feb 25	9.5
Feb 25	9.94
Feb 25	9.74
Jan 25	9.71
Jan 25	9.7
Jan 25	9.7
Jan 25	9.52
Jan 25	9.87
Dec 24	10.54
Dec 24	11.03
Dec 24	11.24
Dec 24	10.85
Nov 24	11.46
Nov 24	10.08
Nov 24	10.4
Nov 24	10.83
Nov 24	10
Oct 24	10.49
Oct 24	10.31

Price to Book

603899.SS Price to Book by year
Period	Price to Book
Sep 26	1.98
Sep 26	1.95
Sep 26	2.07
Aug 26	2.07
Aug 26	1.99
Aug 26	1.99
Aug 26	2.01
Jul 26	2.09
Jul 26	1.99
Jul 26	1.96
Jul 26	1.92
Jul 26	1.92
Jun 26	1.92
Jun 26	1.98
Jun 26	2.09
Jun 26	2.06
May 26	2.14
May 26	2.08
May 26	2.2
May 26	2.3
Apr 26	2.28
Apr 26	2.33
Apr 26	2.35
Apr 26	2.39
Apr 26	2.38
Mar 26	2.38
Mar 26	2.45
Mar 26	2.51
Mar 26	2.53
Feb 26	2.63
Feb 26	2.58
Feb 26	2.67
Jan 26	2.67
Jan 26	2.75
Jan 26	2.65
Jan 26	2.69
Dec 25	2.61
Dec 25	2.8
Dec 25	2.87
Dec 25	2.79
Dec 25	2.84
Nov 25	2.81
Nov 25	2.85
Nov 25	2.93
Nov 25	2.88
Oct 25	2.84
Oct 25	2.81
Oct 25	2.79
Oct 25	2.77
Sep 25	2.78
Sep 25	2.6
Sep 25	2.72
Sep 25	2.83
Sep 25	2.9
Aug 25	2.87
Aug 25	3
Aug 25	2.93
Aug 25	2.94
Aug 25	2.94
Jul 25	2.96
Jul 25	2.77
Jul 25	2.79
Jul 25	2.74
Jun 25	2.79
Jun 25	2.92
Jun 25	3.24
Jun 25	3.08
May 25	2.88
May 25	2.7
May 25	2.85
May 25	2.93
Apr 25	2.87
Apr 25	3.05
Apr 25	2.93
Apr 25	2.96
Apr 25	3.08
Mar 25	3.11
Mar 25	2.97
Mar 25	3.11
Mar 25	2.82
Feb 25	2.8
Feb 25	2.82
Feb 25	2.95
Feb 25	2.89
Jan 25	2.88
Jan 25	2.88
Jan 25	2.88
Jan 25	2.82
Jan 25	2.93
Dec 24	3.24
Dec 24	3.39
Dec 24	3.46
Dec 24	3.33
Nov 24	3.52
Nov 24	3.1
Nov 24	3.2
Nov 24	3.33
Nov 24	3.07
Oct 24	3.22
Oct 24	3.17

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Shanghai M&G Stationery Inc.

Video analysis: 603899.SS

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