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Hung Hing Printing Group Limited (HK:0450)
:0450

Hung Hing Printing Group Limited (0450) AI Stock Analysis

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HK

Hung Hing Printing Group Limited

(Frankfurt:0450)

Rating:51Neutral
Price Target:
HK$1.00
▲(5.26%Upside)
Hung Hing Printing Group Limited faces significant financial challenges with declining revenue and profitability, and negative cash flows. Despite a strong equity base, these issues raise concerns about the company's financial health. Technical indicators show some short-term bullish momentum, and the high dividend yield may attract some investors, but the negative P/E ratio highlights ongoing profitability concerns.

Hung Hing Printing Group Limited (0450) vs. iShares MSCI Hong Kong ETF (EWH)

Hung Hing Printing Group Limited Business Overview & Revenue Model

Company DescriptionHung Hing Printing Group Limited, established in 1950 and headquartered in Hong Kong, is a prominent player in the printing industry. The company specializes in providing integrated printing services across various sectors, including book printing, packaging printing, and consumer product printing. It operates through a network of production facilities in China and offers a diverse range of products such as books, packaging materials, and paper products, catering to both local and international markets.
How the Company Makes MoneyHung Hing Printing Group Limited generates revenue primarily through its comprehensive range of printing services. The company's key revenue streams include book printing, which involves the production of educational and entertainment books; packaging printing, which provides solutions for consumer goods, luxury products, and food packaging; and consumer product printing, focusing on items like calendars and greeting cards. Hung Hing benefits from long-standing partnerships with major publishers and multinational companies, which contribute significantly to its earnings. Additionally, its strategic locations in China enable cost-effective production and distribution, enhancing its competitive edge in the global market.

Hung Hing Printing Group Limited Financial Statement Overview

Summary
Hung Hing Printing Group Limited is facing notable challenges, with declining revenue and profitability, alongside negative cash flows. While the company maintains a strong equity position with low leverage, the recent lack of profitability and cash flow generation poses significant risks. Strategic improvements in operational efficiency and revenue growth are needed to enhance financial health and stability.
Income Statement
45
Neutral
The company has experienced a decline in revenue from HK$2.39 billion in 2023 to HK$2.19 billion in 2024, indicating a -8.05% revenue growth rate. Notably, the gross profit margin decreased from 16.29% in 2023 to 13.97% in 2024, while the net profit margin turned negative at -1.98% in 2024 from 5.66% in 2023. Both EBIT and EBITDA margins have declined, with EBIT margin becoming negative. These factors suggest challenges in maintaining profitability and revenue growth.
Balance Sheet
60
Neutral
The company maintains a strong equity base with minimal debt, as reflected by a low debt-to-equity ratio of approximately 0.04 in 2024. The equity ratio remains robust at 82.75%, indicating financial stability. However, the return on equity has turned negative at -1.53%, reflecting recent profitability challenges.
Cash Flow
30
Negative
The cash flow statement reveals a concerning trend with operating and free cash flows at zero in 2024, compared to positive free cash flow in 2023. This suggests significant operational challenges. The lack of cash flow metrics, such as the operating cash flow to net income ratio, further indicates potential liquidity issues.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.19B2.39B2.95B3.53B2.55B
Gross Profit306.51M388.91M419.85M478.19M423.17M
EBITDA96.96M301.63M211.54M200.89M251.04M
Net Income-43.36M135.16M66.04M51.95M109.36M
Balance Sheet
Total Assets3.44B3.81B3.99B4.30B4.14B
Cash, Cash Equivalents and Short-Term Investments975.48M1.12B1.25B1.07B1.36B
Total Debt101.61M165.06M229.60M200.60M130.41M
Total Liabilities476.96M636.06M795.10M957.81M752.04M
Stockholders Equity2.84B3.05B3.05B3.19B3.24B
Cash Flow
Free Cash Flow29.47M13.71M285.98M-338.21M156.27M
Operating Cash Flow88.04M277.57M455.95M-161.56M270.61M
Investing Cash Flow36.49M-240.51M-3.28M7.07M-279.03M
Financing Cash Flow-201.87M-208.51M-135.01M-66.99M-121.11M

Hung Hing Printing Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.95
Price Trends
50DMA
0.94
Positive
100DMA
0.93
Positive
200DMA
0.92
Positive
Market Momentum
MACD
<0.01
Positive
RSI
51.88
Neutral
STOCH
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0450, the sentiment is Positive. The current price of 0.95 is above the 20-day moving average (MA) of 0.95, above the 50-day MA of 0.94, and above the 200-day MA of 0.92, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0450.

Hung Hing Printing Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$1.02B4.8314.47%8.70%4.13%14.42%
68
Neutral
HK$206.95M6.0412.14%9.64%-5.82%2.69%
58
Neutral
HK$172.80M12.123.04%11.11%-26.49%-16.57%
58
Neutral
$1.33B4.20-2.93%7.45%3.67%-51.13%
51
Neutral
HK$855.82M18.32-1.46%16.84%-8.05%-131.89%
44
Neutral
HK$8.98M-363.24%-65.76%-84.78%
42
Neutral
HK$22.45M-818.26%93.85%66.62%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0450
Hung Hing Printing Group Limited
0.95
0.00
0.00%
HK:8448
Universe Printshop Holdings Ltd.
0.22
-0.11
-33.33%
HK:8385
Prosperous Printing Company Limited
0.09
-0.08
-47.06%
HK:1975
Sun Hing Printing Holdings Limited
0.36
0.06
20.00%
HK:1540
Left Field Printing Group Ltd.
0.43
-0.03
-6.52%
HK:1127
Lion Rock Group
1.39
0.11
8.59%

Hung Hing Printing Group Limited Corporate Events

Hung Hing Printing Appoints Independent Director
May 29, 2025

Hung Hing Printing Group Limited announced the appointment of Mr. Lee Danny Lap as an independent non-executive director. Mr. Lee has confirmed his independence according to the relevant rules and has no financial or other interests in the company’s business, ensuring no factors affect his independence.

Hung Hing Printing Group Announces Board Changes
May 27, 2025

Hung Hing Printing Group Limited has announced a change in its board of directors, with Mr. Lo Chi Hong retiring as an independent non-executive director, and Mr. Lee Danny Lap being appointed in his place. Mr. Lee brings over 25 years of global private equity experience to the company, which could enhance its strategic direction and investment opportunities. The board expressed gratitude for Mr. Lo’s contributions and welcomed Mr. Lee, highlighting his extensive background in venture capital and private equity as a valuable asset for the company’s future endeavors.

Hung Hing Printing Group Limited Announces Board and Committee Structure
May 27, 2025

Hung Hing Printing Group Limited has announced the composition of its Board of Directors, which includes executive, non-executive, and independent non-executive directors. The announcement also details the membership of the company’s three key committees: the Audit Committee, Remuneration Committee, and Nomination Committee. This structured governance framework is crucial for maintaining transparency and effective management, impacting the company’s operational oversight and strategic direction.

Hung Hing Printing Group Successfully Passes All Resolutions at AGM
May 27, 2025

Hung Hing Printing Group Limited announced that all ordinary resolutions proposed at their annual general meeting on May 27, 2025, were successfully passed by shareholders. This includes the approval of financial statements, dividend declarations, re-election and appointment of directors, and the granting of mandates for share issuance and repurchase. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic growth.

Hung Hing Printing Group Announces 2025 AGM and Key Resolutions
Apr 24, 2025

Hung Hing Printing Group Limited has announced its Annual General Meeting to be held on May 27, 2025. The meeting will address several key resolutions, including the approval of audited financial statements, declaration of dividends, re-election and appointment of directors, and re-appointment of auditors. Additionally, the company seeks approval to allot and issue shares, with specific conditions outlined for the exercise of these powers. This announcement is significant for stakeholders as it outlines the company’s strategic decisions and governance practices for the upcoming year.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 10, 2025