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PMA on Nasdaq

PMA Graphene Technology Group Inc.

PMA Graphene Technology Group Inc. is a construction - special trade contractors company in the Cayman Islands.1

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Last updated Oct 21, 2026.

Overview

$14.6MRevenue, fiscal 20262
-$5.8MNet income, fiscal 20262

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  • TickerPMA on Nasdaq1
  • IndustryConstruction - Special Trade Contractors1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressOffice Unit B8, 27/F Ncb Innovation, Centre No. 888 Lai Chi Kok Road, Kowloon, 000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Kong, due to the imposition of restrictions and limitations on, our ability or our subsidiary by the PRC government to transfer cash.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-18.4%Gross margin2
-37.4%Operating margin2
-39.4%Net margin2
-56.8%Revenue growth, 20262

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Provision of Wet Trades Works brought in 75% of the revenue PMA Graphene Technology Group Inc. broke down this way in fiscal 2026.

  1. Provision of Wet Trades Works$11.0M275%down 67% from 2025
  2. Trading of Wines and Spirits$3.6M225%
Business segments by year
Business segments202420252026
Provision of Wet Trades Works$27.6M$33.9M$11.0M
Trading of Wines and Spirits$3.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue100¢$17.3M
  • Income tax0¢$13.8K

Out of $14.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Kept or used elsewhere100¢$783.1K

Out of $783.1K of cash from operations.2

Financial statements

Revenue562$14.6M in 2026+2% since 2022
0$10.0M$20.0M$30.0M$40.0M2022: $14.4M$14.4M20222023: $21.9M$21.9M2023+52%2024: $27.6M$27.6M2024+26%2025: $33.9M$33.9M2025+23%2026: $14.6M$14.6M2026−57%
Gross profit562-$2.7M in 2026
-$4.0M-$2.0M0$2.0M$4.0M$6.0M2022: $2.6M$2.6M20222023: $3.5M$3.5M2023+33%2024: $5.1M$5.1M2024+46%2025: -$1.3M-$1.3M20252026: -$2.7M-$2.7M2026+106%
Operating income562-$5.5M in 2026
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2022: $2.1M$2.1M20222023: $2.6M$2.6M2023+25%2024: $3.2M$3.2M2024+23%2025: -$5.4M-$5.4M20252026: -$5.5M-$5.5M2026+2%
Net income562-$5.8M in 2026
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2022: $1.8M$1.8M20222023: $2.8M$2.8M2023+55%2024: $2.3M$2.3M2024−17%2025: -$5.7M-$5.7M20252026: -$5.8M-$5.8M2026+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Revenue$14.6M$33.9M$27.6M
Cost of revenue-$17.3M-$35.2M-$22.5M
Gross (loss) profit-$2.7M-$1.3M$5.1M
General and administrative expenses (Note 11)-$2.8M-$4.0M-$1.8M
Total operating expenses-$2.8M-$4.0M-$1.8M
(Loss) Income from operations-$5.5M-$5.4M$3.2M
Interest expense, net-$346.7K-$508.8K-$286.1K
Other income$69.3K$52.7K$15.3K
Total other (expense) income, net-$277.4K-$456.1K-$270.8K
(Loss) income before tax expense-$5.7M-$5.8M$3.0M
Income tax (expense) benefit (Note 12)-$13.8K$80.2K-$648.9K
Net (loss) income and total comprehensive (loss) income-$5.8M-$5.7M$2.3M
Basic-$0.44-$0.48$0.21
Diluted-$0.44-$0.48$0.21
Basic13.0M shares11.8M shares11.2M shares
Diluted13.0M shares11.8M shares11.2M shares

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Corporate structure

PMA Graphene Technology Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PMA Graphene Technology Group Inc.

  • Chi Ming Lam Filed SCHEDULE 13D/A on PMA Graphene Technology Group Inc., latest Sep 11, 2026 (14 filings since Jul 8, 2024)
  • Relaxandrinks Ltd Filed SCHEDULE 13G on PMA Graphene Technology Group Inc., latest Dec 2, 2025
  • PMA Graphene Technology Group Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PMA Graphene Technology Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$1.1M2 Mar 31, 2026$1.1M2 Mar 31, 2025−6.8%
Finance-lease assets$84.2K2 Mar 31, 2026$148.0K2 Mar 31, 2025−43.1%
Operating-lease assets (leased space)$40.9K2 Mar 31, 2026

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.6M2 Mar 31, 2026$249.9K2 Mar 31, 2025+559.3%

Leadership

Who has led PMA Graphene Technology Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wenjin Li2026–now

Chair

  1. Wenjin Li2026–now

Chief financial officer

  1. To Wa Yiu2026–now
Board members and other officers (6)

Former names

  • Ming Shing Group Holdings LtdDec 23, 2022 to Sep 3, 20263

Timeline

  1. Mar 18, 2026New chief executive Wenjin Li becomes CEO7

Filings

132 filings to the SEC since October 2021: 3 annual reports, 15 insider forms, 15 large holders, 99 other. The latest 20:

  1. Sep 25, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 16, 20266-K EDGAR
  4. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 11, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 11, 2026SCHEDULE 13D/A EDGAR
  7. Sep 11, 20264/A PRIMARY DOCUMENT EDGAR
  8. Sep 9, 20266-K EDGAR
  9. Sep 3, 20266-K EDGAR
  10. Aug 26, 20266-K EDGAR
  11. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 25, 2026SCHEDULE 13D/A EDGAR
  13. Aug 24, 20266-K/A EDGAR
  14. Aug 18, 20266-K EDGAR
  15. Aug 17, 202620-F EDGAR
  16. Aug 12, 20266-K EDGAR
  17. Jul 31, 2026NT 20-F EDGAR
  18. Jul 30, 20266-K EDGAR
  19. Jul 22, 20266-K EDGAR
  20. Jul 17, 20264 PRIMARY DOCUMENT EDGAR

The 132 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 0 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Lam Chi MingDirectorSale47,865$1.30$62.2KForm 4
Sep 24, 2026Lam Chi MingDirectorSale120,000$1.30$156.0KForm 4
Sep 23, 2026Lam Chi MingDirectorSale6,000$1.30$7.8KForm 4
Sep 22, 2026Lam Chi MingDirectorSale120,000$1.30$156.0KForm 4
Sep 15, 2026Lam Chi MingDirectorSale99,114$1.30$128.8KForm 4
Sep 11, 2026Lam Chi MingDirectorSale120,000$1.30$156.0KForm 4
Sep 9, 2026Lam Chi MingDirectorSale150,000$1.25$187.5KForm 4
Aug 21, 2026Lam Chi MingDirectorSale100,000$1.32$132.0KForm 4
Aug 21, 2026Lam Chi MingDirectorSale100,000$1.32$132.0KForm 4
Aug 18, 2026Lam Chi MingDirectorSale5,000$1.62$8.1KForm 4
Aug 18, 2026Lam Chi MingDirectorSale5,000$1.62$8.1KForm 4
Aug 17, 2026Lam Chi MingDirectorSale15,000$1.75$26.2KForm 4
Aug 17, 2026Lam Chi MingDirectorSale15,000$1.75$26.2KForm 4
Aug 14, 2026Lam Chi MingDirectorSale100,000$1.37$137.0KForm 4
Aug 14, 2026Lam Chi MingDirectorSale100,000$1.37$137.0KForm 4
Aug 13, 2026Lam Chi MingDirectorSale100,000$1.10$110.0KForm 4
Aug 13, 2026Lam Chi MingDirectorSale100,000$1.10$110.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How PMA Graphene Technology Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPMA Graphene Technology Group Inc.1
  • CIK0001956166
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)1700 Construction - Special Trade Contractors1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressOffice Unit B8, 27/F Ncb Innovation, Centre No. 888 Lai Chi Kok Road, Kowloon, 00000, Hong Kong1
  • Phone852 2370 37881
  • Shares outstanding12,975,000 shares as of Mar 31, 20264
  • AuditorFundCertify CPA Professional Corporation, Cary, North Carolina PCAOB ID 7189; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 23, 20221
  • Filings132 in all: 6-K (37), F-1/A (12), SCHEDULE 13D/A (12), CORRESP (10), UPLOAD (10), 3 (8), 4 (6), 144 (5)1
    All 25 form types

    DRS/A (4), 20-F (3), 6-K/A (3), DRSLTR (3), NT 20-F (3), EFFECT (2), F-1 (2), FWP (2), SC 13D (2), 4/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), RW (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Aug 17, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary shares, par value $0.0005 per sharePMANasdaq

From the cover page of the 20-F filed Aug 17, 2026 (Section 12(b) of the Exchange Act).4

Sources

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