MGIH · NASDAQ · Packaging & Containers

Millennium Group International (MGIH)

Designs, manufactures and coordinates paper-based packaging across China and Vietnam.

$1.54
vs last close+0.01 (+0.65%)
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Millennium Group International Holdings LimitedMGIH
Materials

Sells custom paper-based packaging, corrugated products and supply-chain-management services, drawing revenue from manufacturing and coordinating third-party production. Production spans southern China and Vietnam, while the business is reported as a single segment controlled by the founding family.

Designs, manufactures and coordinates paper-based inner and outer packaging, including printed boxes, corrugated cartons, retail displays, manuals and user guides. Its Total Packaging Solutions model spans market research, packaging development, raw-material procurement, color management, testing, quality control, manufacturing and delivery.

Operates production in southern China and Vietnam while serving customers chiefly in mainland China, Hong Kong and Southeast Asia, alongside export markets. Revenue comes from manufactured packaging, corrugated products and supply-chain management that coordinates third-party production and delivery for customers sourcing in Vietnam and other ASEAN countries.

Relies on machinery, technical know-how, operating expertise and sales and marketing capability in a competitive PRC packaging market. The business is reported as a single segment, remains controlled by the founding family, and is exposed to raw-paper prices, China-based regulatory requirements and the ramp of its newer Vietnam factory.

Company facts

CEOMing Yan "Ray" Lai
ListedApr 4, 2023
ExchangeNASDAQ
HeadquartersKwun Tong, Hong Kong
CountryHong Kong
Employees379
CIK0001903995
ISINKYG6169A1040

Market cap$17.2M
EPS (ttm)−$0.5900
P/E (ttm)−2.59
ROE-28.0%
P/B0.7842
P/S0.7808
Dividend yieldDiv yield
Beta0.47vs XLB 0.15

No analyst consensus on record.

Not reported.

Debt to equity25.00%
Current ratio161.10%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$30.4M$26.3M$19.3M$23.8M$14.7M$14.1M$11.2M$10.9M
Net income$2.1M$967.6K−$1.3M−$892.5K−$7.9M−$3.1M−$3.2M−$3.3M
Net margin7.0%3.7%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$2.4M$625.9K−$1.7M−$430.8K−$6.5M−$2.8M−$3.2M−$3.5M
YoY growth+148.2%−80.3%Turned lossTurned lossLoss widenedLoss widenedLoss narrowedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $6.9M · Total debt $5.5M · Total assets $32.8M · Shareholders' equity $22.0M

Revenue
$10.9M
Operating income
−$3.5M
Net income
−$3.3M
View details

No dividends on record.

Institutions0.46%51.8K ADS
2 holders · as of Jun 30, 2026
Strategic holders88.89%10.00M ADS
1 holder · as of Mar 5, 2025
Other10.65%1.20M ADS
remainder

11.25M ADS as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Jun 2025 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
YC 1926 (BVI) LimitedStrategic
88.89%10.00Mfiled Mar 5, 2025
Two Sigma Investments, LPInstitution
0.46%51,765 ADSas of Jun 30, 2026
UBS Group AGInstitution
0.00%49 ADSas of Jun 30, 2026
Ming Hung Matthew Lai1Insiderdirector, other: Chairman
0.00%0filed Mar 11, 2026
  1. Ming Hung Matthew Lai reports a block also reported by YC 1926 (BVI) Limited; it is counted once, under YC 1926 (BVI) Limited.

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Smurfit Westrock

    Global paper-based corrugated and folding-carton packaging powerhouse.

Compare

CompanyPriceChange
Millennium Group International$1.54+0.65%$17.2M0.8
Smurfit Westrock$46.21+1.76%$23.82B48.315.70.8+1.7%
Median48.315.70.8+1.7%