---
title: "Ming Shing (MSW.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/MSW.US/norm.md"
symbol: "MSW.US"
name: "Ming Shing"
parent: "https://longbridge.com/en/quote/MSW.US.md"
datetime: "2026-05-20T12:38:58.303Z"
locales:
  - [en](https://longbridge.com/en/quote/MSW.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/MSW.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/MSW.US/norm.md)
---

# Ming Shing (MSW.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.1389 | -0.1389 | -0.2697 | -0.2697 | 0.0438 |
| ROE | 275.10% | 880.99% | -1364.93% | -1445.63% | 225.27% |
| Revenue | 4.22M | 4.22M | 8.22M | 8.22M | 8.70M |
| Net income | -1.80M | -1.80M | -3.36M | -3.36M | 492275.00 |
| Operating income | -1.87M | -1.87M | -3.38M | -3.38M | 701559.00 |
| Gross margin | -32.85% | -32.85% | -22.53% | -22.53% | 13.78% |
| Net margin | -42.75% | -42.75% | -40.84% | -40.84% | 5.66% |
| Profit quality | -558.46% | -558.46% | - | - | 254.24% |

## Balance Sheet (USD)

| Indicator | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 7.78M | 7.78M | 13.42M | 13.42M | 12.39M |
| Leverage | -2.97 | -2.97 | 13.64 | 13.64 | 14.17 |
| BVPS | -0.2020 | -0.2020 | 0.0758 | 0.0758 | 0.0777 |
| Turnover | 2.47 | 2.91 | 2.67 | 2.59 | 3.06 |
| Cash & STI | 613259.00 | 613259.00 | 262836.00 | 262836.00 | 1.32M |
| Inv & Rec | - | - | - | - | - |
| LT assets | 1.21M | 1.21M | 1.28M | 1.28M | 1.37M |
| Net debt | 6.80M | 6.80M | 7.48M | 7.48M | 6.77M |

## Cash Flow Statement (USD)

| Indicator | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 335298.00 | 335298.00 | -4.26M | -4.26M | 275947.00 |
| Investing CF | - | - | 5128.00 | 5128.00 | - |
| Financing CF | -164801.00 | -164801.00 | 3.75M | 3.75M | -187434.00 |
| Free CF | -1.13M | 3.73M | -2.07M | -2.84M | 474105.00 |
| OCF coverage | 10.87% | 10.87% | -68.56% | -68.56% | 12.34% |
| Repaid & issued | 2.92M | 2.92M | 5.49M | 5.49M | 2.76M |
| CapEx | - | - | - | - | - |