Company research
PMA Graphene Technology Group Inc.
CIK 1956166Updated Nov 6, 2026
SecurityPMA · NASDAQ · equity
Historical securities (1)
MSW · NASDAQ · equity · closed Jul 8, 2026Name history
Ming Shing Group Holdings Ltd · through Sep 3, 2026
PMA price & chart
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NASDAQ:PMA on TradingView ↗About the company
Ming Shing Group Holdings Limited is a Hong Kong-based company mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. The Company conducts its wet trades works business through its two wholly-owned Hong Kong operating subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited. MS (HK) Engineering Limited is a registered subcontractor and a registered specialist trade contractor under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council and undertakes both private and public sector projects, while MS Engineering Co. Limited mainly focuses on private sector projects. The Company also conducts graphene thermal management technology activities through its subsidiary, PMA Nano Carbon Technology Pte. Ltd. For more information, please visit the Company’s website: https://ir.ms100.com.hk.
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Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 5,874,709Source | 13,424,283Source | 11,888,878Source |
| Property, Plant and Equipment, NetUSD | 1,055,223Source | 1,132,422Source | 1,223,100Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,647,804Source | 249,923Source | 1,080,514Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 834,583Source | 4,222,982Source | 1,643,568Source |
| Assets, CurrentUSD | 4,235,190Source | 10,260,830Source | 8,843,504Source |
| Prepaid Expense and Other Assets, CurrentUSD | 61,685Source | 483,864Source | 20,925Source |
| Operating Lease, Right-of-Use AssetUSD | 40,880Source | — | — |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 10,654,475Source | 12,440,304Source | 10,890,616Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 6,488Source | 6,488Source | 5,625Source |
| Additional Paid in CapitalUSD | 6,819,954Source | 6,819,954Source | 1,282Source |
| Retained Earnings (Accumulated Deficit)USD | -11,606,208Source | -5,842,463Source | 996,980Source |
| Stockholders' Equity Attributable to ParentUSD | -4,779,766Source | 983,979Source | 998,262Source |
| Liabilities and EquityUSD | 5,874,709Source | 13,424,283Source | 11,888,878Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 5,987,427Source | 9,526,475Source | 7,741,463Source |
| Operating Lease, Liability, CurrentUSD | 34,892Source | — | — |
| Accounts Payable, CurrentUSD | 1,048,408Source | 3,964,976Source | 3,166,177Source |
| Operating Lease, Liability, NoncurrentUSD | 5,988Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 878Source |
| Additional Financial Items | |||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 1,643,568Source |
| Accrued Liabilities, CurrentUSD | 373,845Source | 412,470Source | 136,791Source |
| Deferred Tax Liabilities, NetUSD | — | — | 878Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 2,415,763Source | 4,761,434Source | 3,818,453Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,661,060Source | 2,865,484Source | 3,033,780Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | -1,906,151Source | 2,862,829Source | -1,724,503Source |
| Increase (Decrease) in Accounts PayableUSD | -2,916,568Source | 798,799Source | 1,282,131Source |
| Deferred Income Tax Expense (Benefit)USD | -197,270Source | -80,154Source | -183Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 783,136Source | -7,969,196Source | 2,457,189Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | 10,256Source | -1,147,262Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 1,147,262Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 614,745Source | 7,128,349Source | -553,371Source |
| Repayments of Long-term DebtUSD | — | — | 3,522,222Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,397,881Source | -830,591Source | 756,556Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 346,696Source | 508,810Source | 286,090Source |
| Income Taxes Paid, NetUSD | — | 231,225Source | 402,038Source |
| Additional Financial Items | |||
| DepreciationUSD | 77,199Source | 82,425Source | 26,214Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | 3,686Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | 2,003Source | — |
| General and Administrative ExpenseUSD | 2,782,357Source | 4,048,726Source | 1,846,753Source |
| Income Tax Expense (Benefit)USD | 13,835Source | -80,154Source | 648,936Source |
| InterestExpenseNonoperatingUSD | 346,696Source | 508,810Source | 286,090Source |
| Net Income (Loss) Attributable to ParentUSD | -5,763,745Source | -5,730,751Source | 2,326,597Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -5,763,745Source | -5,730,751Source | 2,326,597Source |
| Nonoperating Income (Expense)USD | -277,350Source | -456,070Source | -270,793Source |
| Operating ExpensesUSD | 2,782,357Source | 4,048,726Source | 1,846,753Source |
| Operating Lease, ExpenseUSD | 39,615Source | — | 126,994Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total RevenueUSD | 14,628,290Source | 33,851,041Source | 27,572,692Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source |
| Operating Income (Loss)USD | -5,472,560Source | -5,354,835Source | 3,246,326Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -5,749,910Source | -5,810,905Source | 2,975,533Source |
| Income Tax Expense (Benefit)USD | 13,835Source | -80,154Source | 648,936Source |
| Net Income (Loss) Attributable to ParentUSD | -5,763,745Source | -5,730,751Source | 2,326,597Source |
| Earnings Per Share, BasicUSD per share | -0.44Source | -0.48Source | 0.2Source |
| Earnings Per Share, DilutedUSD per share | -0.44Source | -0.48Source | 0.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,975,000Source | 11,849,178Source | 11,250,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 12,975,000Source | 11,849,178Source | 11,250,000Source |
| Interest Expense (non-operating)USD | 346,696Source | 508,810Source | 286,090Source |
| Additional Financial Items | |||
| Current Income Tax Expense (Benefit)USD | 211,105Source | — | — |
| General and Administrative ExpenseUSD | 2,782,357Source | 4,048,726Source | 1,846,753Source |
| Gross ProfitUSD | -2,690,203Source | -1,306,109Source | 5,093,079Source |
| Interest Income, OperatingUSD | 51,834Source | 44,226Source | 36,627Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -5,763,745Source | -5,730,751Source | 2,326,597Source |
| Nonoperating Income (Expense)USD | -277,350Source | -456,070Source | -270,793Source |
| Operating ExpensesUSD | 2,782,357Source | 4,048,726Source | 1,846,753Source |
| Operating Lease, ExpenseUSD | 39,615Source | — | 126,994Source |
| Other ExpensesUSD | 29,805Source | 27,055Source | 24,309Source |
Filing attachments
ex99-1.htm · 6-K · 2026-11-05
Exhibit 99.1 INDEX TO FINANCIAL STATEMENTS Meals Through Seasons Limited and its subsidiary Audited Consolidated Financial Statements Report of Independent Registered Public Accounting Firm (PCAOB 7189) F-2 Audited Consolidated Financial Statements - Consolidated Balance Sheets as of September 2, 2026 F-3 - Consolidated State…
Read attachment ↗ex99-2.htm · 6-K · 2026-11-05
Exhibit 99.2 PMA Graphene Technology Group Inc. and subsidiaries Unaudited Pro Forma Condensed Combined Financial Information Introduction As previously disclosed in its Current Report on Form 6-K furnished with the Securities and Exchange Commission (“SEC”) on September 2, 2026, PMA Graphene Technology Group Inc. (“PMA” or “the Company”) (formerly known as Ming Shing Group Holdings Limited) completed an acquisition, as discussed below. Acquisition of Meals Through Seasons Limited (“MTS Acq…
Read attachment ↗ex99-1.htm · 6-K · 2026-09-16
Exhibit 99.1 PMA Graphene Technology Group Inc. Announces Leadership Changes and Appointment of Mr. Lei Liu as Chief Executive Officer Hong Kong, September 16, 2026 - PMA Graphene Technology Group Inc. (the “Company” or “PMA”) (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces certain changes to its management. The Company announced that on September 16, Mr. Zhijun Pan…
Read attachment ↗ex99-1.htm · 6-K · 2026-09-03
Exhibit 99.1 Ming Shing Group Holdings Limited Announces Closing of the Acquisition of Meals Through Seasons Limited and Issuance of Consideration Shares and Unsecured Convertible Promissory Notes Hong Kong, September 2, 2026 - Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its …
Read attachment ↗ex99-1.htm · 6-K/A · 2026-08-24
Exhibit 99.1 /CORRECTION - Ming Shing Group Holdings Limited/ This press release amended the prior version of the press release issued on August 12, 2026 in order to clarify that (i) it has verified the business of MTHK (as defined below); and (ii) the consideration is based on a valuation report dated August 10, 2026 prepared by an independent valuer engaged by the Company and sets out an indicated market value of the entire equity interest in the Target Company (as defined below) of US$515,0…
Read attachment ↗ex99-1.htm · 6-K · 2026-08-18
Exhibit 99.1 Ming Shing Group Holdings Limited Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders’ Equity Requirement Hong Kong, August 18, 2026 - Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces it has received a letter from the Listing Qualification Department of the Nasdaq Stock Market …
Read attachment ↗