$MGIH
Millennium Group International Holdings Ltd Stock $mgih

$mgih Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 20-F Financial Statement

#000121390024091945 Filed on October 30, 2024

Income Statement

Concept	2024 Q2	2024
Revenue	$38.53M	$38.53M
YoY Change	-15.5%	-15.5%
Cost Of Revenue	$30.23M	$30.23M
YoY Change	-17.27%	-17.27%
Gross Profit	$8.305M	$8.305M
YoY Change	-8.38%	-8.38%
Gross Profit Margin	21.55%	21.55%
Selling, General & Admin	$15.23M	$15.23M
YoY Change	50.12%	50.12%
% of Gross Profit	183.42%	183.42%
Research & Development		$261.8K
YoY Change		9.1%
% of Gross Profit		3.15%
Depreciation & Amortization	$709.1K	$1.399M
YoY Change	-16.58%	-17.83%
% of Gross Profit	8.54%	16.84%
Operating Expenses	$15.23M	$15.23M
YoY Change	50.12%	50.12%
Operating Profit	-$6.928M	-$6.928M
YoY Change	540.09%	540.08%
Interest Expense	-$958.9K	-$958.9K
YoY Change	40.12%	-240.12%
% of Operating Profit
Other Income/Expense, Net	-$676.2K	-$1.635M
YoY Change	-150.64%	-351.2%
Pretax Income	-$8.563M	-$8.563M
YoY Change	1884.91%	1884.9%
Income Tax	$206.9K	$206.9K
% Of Pretax Income
Net Earnings	-$8.770M	-$8.770M
YoY Change	2376.64%	2376.64%
Net Earnings / Revenue	-22.76%	-22.76%
Basic Earnings Per Share		-$0.78
Diluted Earnings Per Share	-$0.78	-$0.78
COMMON SHARES
Basic Shares Outstanding	11.25M shares	11.25M shares
Diluted Shares Outstanding		11.25M shares

Balance Sheet

Concept	2024 Q2	2024
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.35M	$13.47M
YoY Change	-51.61%	-51.57%
Cash & Equivalents	$13.35M	$13.35M
Short-Term Investments		$126.4K
Other Short-Term Assets	$1.241M	$766.3K
YoY Change	24.06%	39.33%
Inventory	$3.715M	$3.715M
Prepaid Expenses
Receivables	$9.463M	$9.463M
Other Receivables	$82.49K	$348.0K
Total Short-Term Assets	$27.77M	$27.77M
YoY Change	-37.54%	-37.53%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.793M	$11.27M
YoY Change	-13.68%	-6.88%
Goodwill
YoY Change
Intangibles	$197.8K
YoY Change	-32.16%
Long-Term Investments
YoY Change
Other Assets	$4.076M	$4.406M
YoY Change	126.6%	100.28%
Total Long-Term Assets	$15.87M	$15.87M
YoY Change	8.77%	8.78%
TOTAL ASSETS
Total Short-Term Assets	$27.77M	$27.77M
Total Long-Term Assets	$15.87M	$15.87M
Total Assets	$43.64M	$43.64M
YoY Change	-26.09%	-26.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.648M	$3.648M
YoY Change	6.94%	6.99%
Accrued Expenses	$218.6K	$1.889M
YoY Change	36.61%	10.45%
Deferred Revenue	$63.01K
YoY Change	-46.21%
Short-Term Debt	$5.583M	$5.583M
YoY Change	-58.36%	-58.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$12.13M	$12.13M
YoY Change	-36.43%	-36.44%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$456.9K	$456.9K
YoY Change	1042.33%	1042.33%
Total Long-Term Liabilities	$456.9K	$456.9K
YoY Change	1102.71%	1042.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.13M	$12.13M
Total Long-Term Liabilities	$456.9K	$456.9K
Total Liabilities	$12.59M	$12.59M
YoY Change	-34.16%	-34.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$498.5K
YoY Change	-106.03%
Common Stock	$34.38M
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$31.05M	$31.05M
YoY Change
Total Liabilities & Shareholders Equity	$43.64M	$43.64M
YoY Change	-26.09%	-26.09%

Cashflow Statement

Concept	2024 Q2	2024
OPERATING ACTIVITIES
Net Income	-$8.770M	-$8.770M
YoY Change	2376.64%	2376.64%
Depreciation, Depletion And Amortization	$709.1K	$1.399M
YoY Change	-16.58%	-17.83%
Cash From Operating Activities	-$826.5K	-$4.106M
YoY Change	-52.23%	-150.63%
INVESTING ACTIVITIES
Capital Expenditures	$2.370M	$2.377M
YoY Change	4640.32%	1174.07%
Acquisitions
YoY Change
Other Investing Activities	$61.40K	$162.9K
YoY Change
Cash From Investing Activities	-$2.309M	-$2.244M
YoY Change	4517.5%	936.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-6.686M	-$7.860M
YoY Change	-261.11%	-536.86%
NET CHANGE
Cash From Operating Activities	-826.5K	-$4.106M
Cash From Investing Activities	-2.309M	-$2.244M
Cash From Financing Activities	-6.686M	-$7.860M
Net Change In Cash	-9.821M	-$14.23M
YoY Change	-514.39%	-275.05%
FREE CASH FLOW
Cash From Operating Activities	-$826.5K	-$4.106M
Capital Expenditures	$2.370M	$2.377M
Free Cash Flow	-$3.197M	-$6.483M
YoY Change	79.59%	-181.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024	dei	Document Type DocumentType	20-F
CY2024	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2024	dei	Document Annual Report DocumentAnnualReport	true
CY2024	dei	Document Period End Date DocumentPeriodEndDate	2024-06-30
CY2024	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2024	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024	dei	Document Transition Report DocumentTransitionReport	false
CY2024	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2024	dei	Entity File Number EntityFileNumber	001-41568
CY2024	dei	Entity Registrant Name EntityRegistrantName	Millennium Group International Holdings Limited
CY2024	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	E9
CY2024	dei	Entity Address Address Line1 EntityAddressAddressLine1	Flat B-C, 1st Floor
CY2024	dei	Entity Address Address Line2 EntityAddressAddressLine2	Wang Kwong Industrial Building
CY2024	dei	Entity Address Address Line3 EntityAddressAddressLine3	45 Hung To Road
CY2024	dei	Entity Address City Or Town EntityAddressCityOrTown	Kwun Tong
CY2024	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	999077
CY2024	dei	Security12b Title Security12bTitle	Ordinary shares, par value $0.002 per share
CY2024	dei	Trading Symbol TradingSymbol	MGIH
CY2024	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	11250000	shares
CY2024	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2024	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2024	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2024	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2024	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2024	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2024	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	ecd	Insider Trd Policies Proc Adopted Flag InsiderTrdPoliciesProcAdoptedFlag	true
CY2024	dei	Auditor Firm AuditorFirmId	2388
CY2024	dei	Auditor Name AuditorName	Wei, Wei & Co., LLP
CY2024	dei	Auditor Location AuditorLocation	Flushing, New York
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13346584	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27576622	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9462980	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10313371	usd
CY2024Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1240639	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1001694	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	3715494	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	5559282	usd
CY2024Q2	us-gaap	Assets Current AssetsCurrent	27765697	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	44450969	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7792835	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9027615	usd
CY2024Q2	mgih	Rightofuse Assets Rou Net RightofuseAssetsROUNet	3474737	usd
CY2023Q2	mgih	Rightofuse Assets Rou Net RightofuseAssetsROUNet	3076855	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	197787	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	291559	usd
CY2024Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	329594	usd
CY2023Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	397212	usd
CY2024Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4076456	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1798927	usd
CY2024Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	15871409	usd
CY2023Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	14592168	usd
CY2024Q2	us-gaap	Assets Assets	43637106	usd
CY2023Q2	us-gaap	Assets Assets	59043137	usd
CY2024Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	3648331	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	3411605	usd
CY2024Q2	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	2684556	usd
CY2023Q2	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	2105028	usd
CY2024Q2	mgih	Lease Obligation Current LeaseObligationCurrent	218578	usd
CY2023Q2	mgih	Lease Obligation Current LeaseObligationCurrent	157489	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	5582665	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	13405816	usd
CY2023Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	6405	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	12134130	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	19086343	usd
CY2024Q2	mgih	Lease Obligation Noncurrent LeaseObligationNoncurrent	456933	usd
CY2023Q2	mgih	Lease Obligation Noncurrent LeaseObligationNoncurrent	37992	usd
CY2024Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	456933	usd
CY2023Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	37992	usd
CY2024Q2	us-gaap	Liabilities Liabilities	12591063	usd
CY2023Q2	us-gaap	Liabilities Liabilities	19124335	usd
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.002
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.002
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	11250000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	11250000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	11250000	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	11250000	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	22500	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	22500	usd
CY2024Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	34361149	usd
CY2023Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	34361149	usd
CY2024Q2	mgih	Statutory Reserve StatutoryReserve	1049119	usd
CY2023Q2	mgih	Statutory Reserve StatutoryReserve	1049119	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-3888270	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-3785555	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-498455	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	8271589	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	31046043	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	39918802	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	43637106	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	59043137	usd
CY2024	us-gaap	Revenues Revenues	38530773	usd
CY2023	us-gaap	Revenues Revenues	45598620	usd
CY2022	us-gaap	Revenues Revenues	66232757	usd
CY2024	us-gaap	Cost Of Revenue CostOfRevenue	30226192	usd
CY2023	us-gaap	Cost Of Revenue CostOfRevenue	36534358	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	49961793	usd
CY2024	us-gaap	Gross Profit GrossProfit	8304581	usd
CY2023	us-gaap	Gross Profit GrossProfit	9064262	usd
CY2022	us-gaap	Gross Profit GrossProfit	16270964	usd
CY2024	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5651505	usd
CY2023	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	4875650	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5813307	usd
CY2024	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9581030	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5270966	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4922075	usd
CY2024	us-gaap	Operating Expenses OperatingExpenses	15232535	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	10146616	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	10735382	usd
CY2024	us-gaap	Operating Income Loss OperatingIncomeLoss	-6927954	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-1082354	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	5535582	usd
CY2024	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	49163	usd
CY2023	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1366394	usd
CY2022	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	99006	usd
CY2024	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	725374	usd
CY2023	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	31095	usd
CY2022	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	234269	usd
CY2024	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	958935	usd
CY2023	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	684358	usd
CY2022	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	425791	usd
CY2024	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1635146	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	650941	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-561054	usd
CY2024	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-8563100	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-431413	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4974528	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	206944	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-77302	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	897157	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	-8770044	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-354111	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	4077371	usd
CY2024	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-102715	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-3076878	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-1108733	usd
CY2024	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-8872759	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3430989	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2968638	usd
CY2024	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.78
CY2024	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.78
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.41
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.41
CY2024	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11250000	shares
CY2024	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11250000	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10301370	shares
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10301370	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10000000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10000000	shares
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	30504838	usd
CY2022	mgih	Adjustments To Additional Paid In Capital Shareholders AdjustmentsToAdditionalPaidInCapitalShareholders	6614563	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-1108733	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	4077371	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	40088039	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	3261752	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-3076878	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-354111	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	39918802	usd
CY2024	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-102715	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	-8770044	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	31046043	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	-8770044	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-354111	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	4077371	usd
CY2024	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1398862	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1702331	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1936061	usd
CY2024	us-gaap	Asset Impairment Charges AssetImpairmentCharges	564020	usd
CY2023	us-gaap	Asset Impairment Charges AssetImpairmentCharges	133218	usd
CY2022	us-gaap	Asset Impairment Charges AssetImpairmentCharges	71143	usd
CY2024	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	157765	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-116846	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10450	usd
CY2024	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	88241	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	1949	usd
CY2024	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-67808	usd
CY2023	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	106103	usd
CY2022	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	68194	usd
CY2024	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-688284	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-6690275	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1388981	usd
CY2024	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	58196	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	476360	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	951573	usd
CY2024	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1284158	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3408444	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	633043	usd
CY2024	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	264989	usd
CY2022	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	-378726	usd
CY2024	mgih	Increase Decrease In Rightofuse Assets IncreaseDecreaseInRightofuseAssets	419957	usd
CY2023	mgih	Increase Decrease In Rightofuse Assets IncreaseDecreaseInRightofuseAssets	-777309	usd
CY2022	mgih	Increase Decrease In Rightofuse Assets IncreaseDecreaseInRightofuseAssets	-840151	usd
CY2024	mgih	Increase Decrease In Lease Obligation IncreaseDecreaseInLeaseObligation	501745	usd
CY2023	mgih	Increase Decrease In Lease Obligation IncreaseDecreaseInLeaseObligation	-683205	usd
CY2022	mgih	Increase Decrease In Lease Obligation IncreaseDecreaseInLeaseObligation	-740604	usd
CY2024	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	250488	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1586850	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1384898	usd
CY2024	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	1248316	usd
CY2023	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-226444	usd
CY2022	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-1188273	usd
CY2024	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-6352	usd
CY2023	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-342621	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	354863	usd
CY2024	mgih	Related Party Balances Trade Nature RelatedPartyBalancesTradeNature	659678	usd
CY2023	mgih	Related Party Balances Trade Nature RelatedPartyBalancesTradeNature	707311	usd
CY2022	mgih	Related Party Balances Trade Nature RelatedPartyBalancesTradeNature	2043395	usd
CY2024	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-4106011	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	8109777	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2039600	usd
CY2024	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2376967	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	186565	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	510780	usd
CY2024	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	162902	usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	41301	usd
CY2024	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	29458	usd
CY2023	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	29955	usd
CY2022	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	29808	usd
CY2022	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	2567531	usd
CY2024	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2243523	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-216520	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2068244	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4227000	usd
CY2024	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	22049203	usd
CY2023	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	18662822	usd
CY2022	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	27289939	usd
CY2024	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	14188856	usd
CY2023	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	16235091	usd
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	26425399	usd
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	8863135	usd
CY2022	mgih	Recapitalization Dividends Reinjected As Additional Paidin Capital RecapitalizationDividendsReinjectedAsAdditionalPaidinCapital	-8863135	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1864965	usd
CY2022	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	2855605	usd
CY2024	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7860347	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1799269	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-5585110	usd
CY2024	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-20158	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1563355	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-345360	usd
CY2024	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-14230038	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	8129171	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1822626	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	27576622	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19447451	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	21270077	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13346584	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	27576622	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19447451	usd
CY2024	us-gaap	Interest Paid Net InterestPaidNet	850614	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	684358	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	429976	usd
CY2024	us-gaap	Income Taxes Paid IncomeTaxesPaid	593569	usd
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	614026	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	516793	usd
CY2022	mgih	Waiver Of Amounts Due To Shareholders WaiverOfAmountsDueToShareholders	6614563	usd
CY2022	mgih	Recapitalization Transfer Out Of Retained Earnings RecapitalizationTransferOutOfRetainedEarnings	-6973182	usd
CY2022	mgih	Recapitalization Transfer Into Additional Paid In Capital RecapitalizationTransferIntoAdditionalPaidInCapital	6973182	usd
CY2023	mgih	Prepaid Offering Costs Net Off With Additional Paidin Capital PrepaidOfferingCostsNetOffWithAdditionalPaidinCapital	515952	usd
CY2024	mgih	Option For Closing Initial Public Offering OptionForClosingInitialPublicOffering	P45D
CY2024	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of estimates and assumptions</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, significant accounting estimates reflected in the Company’s consolidated financial statements include useful lives of property, plant and equipment, impairment of long-lived assets, allowance for doubtful accounts, provision for contingent liabilities, deferred taxes and uncertain tax position. Actual results could differ from these estimates.</p>
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	226925	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	70345	usd
CY2024Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P5Y
CY2024	mgih	Net Profit Reserve Fund Percentage NetProfitReserveFundPercentage	0.10	pure
CY2024	mgih	Registered Capital Percentage RegisteredCapitalPercentage	0.50	pure
CY2024	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.05	pure
CY2024	us-gaap	Other Income OtherIncome	3842	usd
CY2024	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	2011534	usd
CY2023	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	1205697	usd
CY2022	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	1090943	usd
CY2024	mgih	Value Added Tax Rate ValueAddedTaxRate	0.13	pure
CY2024	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	pure
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13346584	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27576622	usd
CY2024Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	9689905	usd
CY2023Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	10383716	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	226925	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	70345	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9462980	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10313371	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	70345	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	186909	usd
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	228413	usd
CY2024	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	157765	usd
CY2023	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	-116846	usd
CY2022	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	-509	usd
CY2023	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	3653	usd
CY2022	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	36333	usd
CY2024	mgih	Allowance For Doubtful Accounts Receivable Foreign Currency Exchange Effect AllowanceForDoubtfulAccountsReceivableForeignCurrencyExchangeEffect	-1185	usd
CY2023	mgih	Allowance For Doubtful Accounts Receivable Foreign Currency Exchange Effect AllowanceForDoubtfulAccountsReceivableForeignCurrencyExchangeEffect	3935	usd
CY2022	mgih	Allowance For Doubtful Accounts Receivable Foreign Currency Exchange Effect AllowanceForDoubtfulAccountsReceivableForeignCurrencyExchangeEffect	-4662	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	226925	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	70345	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	186909	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9462980	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10313371	usd
CY2024Q2	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	501558	usd
CY2023Q2	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	552458	usd
CY2024Q2	us-gaap	Deposits Assets Current DepositsAssetsCurrent	126364	usd
CY2023Q2	us-gaap	Deposits Assets Current DepositsAssetsCurrent	238481	usd
CY2024Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	82485	usd
CY2023Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	48615	usd
CY2024Q2	us-gaap	Prepaid Taxes PrepaidTaxes	264727	usd
CY2024Q2	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	265505	usd
CY2023Q2	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	162140	usd
CY2024Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1240639	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1001694	usd
CY2024Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	2983737	usd
CY2023Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	4167531	usd
CY2024Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	663644	usd
CY2023Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	518352	usd
CY2024Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1331848	usd
CY2023Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1606296	usd
CY2024Q2	us-gaap	Inventory Gross InventoryGross	4979229	usd
CY2023Q2	us-gaap	Inventory Gross InventoryGross	6292179	usd
CY2024Q2	us-gaap	Inventory Adjustments InventoryAdjustments	1263735	usd
CY2023Q2	us-gaap	Inventory Adjustments InventoryAdjustments	732897	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	3715494	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	5559282	usd
CY2023Q2	us-gaap	Inventory Adjustments InventoryAdjustments	732897	usd
CY2022Q2	us-gaap	Inventory Adjustments InventoryAdjustments	655783	usd
CY2021Q2	us-gaap	Inventory Adjustments InventoryAdjustments	613831	usd
CY2024	mgih	Inventory Addition InventoryAddition	564020	usd
CY2023	mgih	Inventory Addition InventoryAddition	133218	usd
CY2022	mgih	Inventory Addition InventoryAddition	71143	usd
CY2024	us-gaap	Inventory Write Down InventoryWriteDown	27596	usd
CY2022	us-gaap	Inventory Write Down InventoryWriteDown	-4470	usd
CY2024	mgih	Inventory Foreign Currency Exchange Effect InventoryForeignCurrencyExchangeEffect	5586	usd
CY2023	mgih	Inventory Foreign Currency Exchange Effect InventoryForeignCurrencyExchangeEffect	56104	usd
CY2022	mgih	Inventory Foreign Currency Exchange Effect InventoryForeignCurrencyExchangeEffect	33661	usd
CY2024Q2	us-gaap	Inventory Adjustments InventoryAdjustments	1263735	usd
CY2023Q2	us-gaap	Inventory Adjustments InventoryAdjustments	732897	usd
CY2022Q2	us-gaap	Inventory Adjustments InventoryAdjustments	655783	usd
CY2024Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	26176052	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	28546090	usd
CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	18383217	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	19518475	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7792835	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9027615	usd
CY2024	us-gaap	Depreciation Depreciation	1206371	usd
CY2023	us-gaap	Depreciation Depreciation	1556069	usd
CY2022	us-gaap	Depreciation Depreciation	1792022	usd
CY2024Q2	mgih	Rightofuse Assets Rou Net RightofuseAssetsROUNet	3474737	usd
CY2023Q2	mgih	Rightofuse Assets Rou Net RightofuseAssetsROUNet	3076855	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3406861	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3076855	usd
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	67876	usd
CY2024Q2	mgih	Lease Liabilities Current LeaseLiabilitiesCurrent	218578	usd
CY2023Q2	mgih	Lease Liabilities Current LeaseLiabilitiesCurrent	157489	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	203347	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	157489	usd
CY2024Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	15231	usd
CY2024Q2	mgih	Lease Liabilities Noncurrent LeaseLiabilitiesNoncurrent	456933	usd
CY2023Q2	mgih	Lease Liabilities Noncurrent LeaseLiabilitiesNoncurrent	37992	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	413871	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	37992	usd
CY2024Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	43062	usd
CY2024Q2	mgih	Lease Liabilities LeaseLiabilities	675511	usd
CY2023Q2	mgih	Lease Liabilities LeaseLiabilities	195481	usd
CY2024	us-gaap	Operating Lease Expense OperatingLeaseExpense	834423	usd
CY2024	mgih	Finance Lease Expenses FinanceLeaseExpenses	834423	usd
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	790417	usd
CY2023	mgih	Finance Lease Expenses FinanceLeaseExpenses	790417	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	814377	usd
CY2022	mgih	Finance Lease Expenses FinanceLeaseExpenses	814377	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	225530	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	16864	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	219831	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	16864	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	210735	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	16864	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1701	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	11243	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	657796	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	61835	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	40578	usd
CY2024Q2	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	3542	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	617218	usd
CY2024Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	58293	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0417	pure
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	5582665	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	13405816	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	5582665	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	13405816	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	13405816	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	13405816	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	13405816	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	13405816	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	5582665	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	5582665	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	5582665	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	5582665	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	5582665	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	13405816	usd
CY2024	us-gaap	Interest Expense Debt InterestExpenseDebt	850614	usd
CY2023	us-gaap	Interest Expense Debt InterestExpenseDebt	684358	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	403862	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	63005	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	117128	usd
CY2024Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	1103108	usd
CY2023Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	849386	usd
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CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.07	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.07	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Prior Year Income Taxes EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes	-0.50	pure
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CY2024	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.02	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.18	pure
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CY2024	dei	Entity Address Country EntityAddressCountry	HK
CY2024	dei	Document Accounting Standard DocumentAccountingStandard	U.S. GAAP
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CY2024	mgih	Waiver Of Amounts Due To Shareholders WaiverOfAmountsDueToShareholders		usd
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CY2024	mgih	Recapitalization Transfer Into Additional Paid In Capital RecapitalizationTransferIntoAdditionalPaidInCapital		usd
CY2023	mgih	Recapitalization Transfer Into Additional Paid In Capital RecapitalizationTransferIntoAdditionalPaidInCapital		usd
CY2024	mgih	Prepaid Offering Costs Net Off With Additional Paidin Capital PrepaidOfferingCostsNetOffWithAdditionalPaidinCapital		usd
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CY2024	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs		usd
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CY2024Q2	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet
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CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo		usd
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CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive		usd
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CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive		usd
CY2024	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	27611	usd
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CY2024	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2024	dei	Entity Central Index Key EntityCentralIndexKey	0001903995

Files In Submission

Name	View Source	Status
0001213900-24-091945-index-headers.html	Edgar Link	pending
0001213900-24-091945-index.html	Edgar Link	pending
0001213900-24-091945.txt	Edgar Link	pending
0001213900-24-091945-xbrl.zip	Edgar Link	pending
ea0218237-20f_millennium.htm	Edgar Link	pending
ea021823701ex12-1_millennium.htm	Edgar Link	pending
ea021823701ex12-2_millennium.htm	Edgar Link	pending
ea021823701ex13-1_millennium.htm	Edgar Link	pending
ea021823701ex13-2_millennium.htm	Edgar Link	pending
ea021823701ex97-1_millennium.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
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image_017.jpg	Edgar Link	pending
image_018.jpg	Edgar Link	pending
image_019.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mgih-20240630.xsd	Edgar Link	pending
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R80.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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ea0218237-20f_millennium_htm.xml	Edgar Link	completed

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$MGIH
Millennium Group International Holdings Ltd Stock $mgih

2024 Q2 Form 20-F Financial Statement

#000121390024091945 Filed on October 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGIH Millennium Group International Holdings Ltd Stock $mgih

2024 Q2 Form 20-F Financial Statement

#000121390024091945 Filed on October 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGIH
Millennium Group International Holdings Ltd Stock $mgih