Maitong Sunshine Cultural Development Co., Ltd
MGSDOTCIndustrials · Transportation Services · NY · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $1.4M | $804,887 | $10,981 |
| Operating income | $86,790 | −$22,953 | −$40,612 |
| Net income | −$21,229 | −$30,810 | −$40,502 |
| Total assets | $439,110 | $752,334 | $41,893 |
| Total liabilities | $393,317 | $760,083 | $82,407 |
| Equity | $45,793 | −$7,749 | −$40,514 |
| EPS (diluted) | $-0.00 | $-0.00 | $-0.00 |
| Shares out. | 60.5M | 60.0M | 60.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 6.3%
- Net margin
- −1.5%
- Return on equity
- −46.4%
- Return on assets
- −4.8%
- Return on capital (ROCE)
- 189.5%
- Liabilities / assets
- 89.6%
- Debt / equity
- 8.59×
- Book value / share
- $0.00
- Revenue growth (YoY)
- 71.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.30distress
- Accruals / assets
- 148.8%high accruals
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Operating margin is positive
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 18, 2026
- NT 10-Qmissed a reporting deadline ↗Feb 17, 2026
- NT 10-Kmissed a reporting deadline ↗Dec 29, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Huang FangActivist (13D)Nov 6, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Other material eventJun 6, 2025
- Other material eventMar 5, 2025
- Other material eventFeb 24, 2025
- Entered a material agreementJan 10, 2025
- Entered a material agreementDec 13, 2024
- Changed auditorJul 19, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QQUARTERLY REPORTMay 20, 2026
- NT 10-QNOTIFICATION OF LATE FILINGMay 18, 2026
- 10-QQUARTERLY REPORTFeb 20, 2026
- NT 10-QNOTIFICATION OF LATE FILINGFeb 17, 2026
- 10-KANNUAL REPORTJan 9, 2026
- NT 10-KNOTIFICATION OF LATE FILINGDec 29, 2025
- 10-QQUARTERLY REPORTAug 20, 2025
- NT 10-QNOTIFICATION OF LATE FILINGAug 14, 2025
- 8-KCURRENT REPORTJun 6, 2025
- 10-QQUARTERLY REPORTMay 14, 2025
- 8-KCURRENT REPORTMar 5, 2025
- 8-KCURRENT REPORTFeb 24, 2025
- 10-QQUARTERLY REPORTFeb 14, 2025
- 8-KCURRENT REPORTJan 10, 2025
- 8-KCURRENT REPORTDec 13, 2024
Event-driven situations (2)
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