China-Hongkong Photo Products Holdings Limited (1123) AI Stock Analysis

• Market Cap: HK$145.79M
• Dividend Yield: 8.7%
• Average Volume (3M): 107.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: -8.31%
• EPS Growth: -108.70%
• Country: HK
• Employees: 583
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): <0.01
• Shares Outstanding: 1,185,318,400
• 10 Day Avg. Volume: 46,200
• 30 Day Avg. Volume: 107,733
• PEG Ratio: 0.53
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 2.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: HK$0.12 ▼(-10.77% Downside)

The overall stock score reflects significant challenges in financial performance, with declining revenue and profitability being major concerns. Technical analysis indicates neutral momentum, while valuation is impacted by a negative P/E ratio, offset slightly by a high dividend yield. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Low Leverage

The company's low leverage indicates a conservative financial strategy, reducing the risk of financial distress and providing flexibility for future investments.

Strong Capital Base

A strong capital base ensures the company has a solid foundation to support operations and potential growth initiatives, enhancing long-term stability.

High Dividend Yield

A high dividend yield provides an attractive return to investors, potentially supporting stock price stability and investor confidence over the long term.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in maintaining market share and competitiveness, which could impact long-term profitability and market position.

Negative Profit Margins

Negative profit margins reflect operational inefficiencies and potential pricing pressures, which could hinder the company's ability to generate sustainable profits.

Weak Cash Flow Generation

Weak cash flow generation limits the company's ability to invest in growth opportunities and meet financial obligations, posing risks to long-term liquidity and financial health.

China-Hongkong Photo Products Holdings Limited Business Overview & Revenue Model

Company Description

China-Hongkong Photo Products Holdings Limited (1123) is a leading manufacturer and supplier of photo products, including photographic paper, printing equipment, and related materials. The company operates primarily in the photographic and imaging sectors, catering to both retail and commercial customers. With a focus on high-quality products and innovative solutions, China-Hongkong Photo Products Holdings strives to maintain its position in the competitive market by leveraging advanced technology and manufacturing processes.

How the Company Makes Money

China-Hongkong Photo Products Holdings Limited generates revenue primarily through the sale of its photographic products, which include specialty papers and printing solutions for both consumer and professional markets. The company's revenue model is driven by direct sales to retailers, distributors, and other commercial entities, as well as through online platforms. Key revenue streams include bulk sales to photography studios, printing houses, and educational institutions. Additionally, the company may benefit from partnerships with technology firms and collaborations that expand its product offerings and distribution channels, enhancing its market reach and profitability.

China-Hongkong Photo Products Holdings Limited Financial Statement Overview

Summary

The company is experiencing declining revenue and profitability, with negative net profit margins and reduced EBIT and EBITDA margins. While the balance sheet shows low leverage, the negative return on equity and weakened cash flow generation pose concerns for financial health.

Income Statement

The company has experienced a decline in revenue growth, with a negative growth rate of -5.49% in the latest year. Gross profit margin remains stable at around 25.5%, but the net profit margin has turned negative, indicating a loss. EBIT and EBITDA margins have also decreased, reflecting reduced operational efficiency.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.099, indicating conservative leverage. However, return on equity has turned negative, suggesting inefficiencies in generating returns from equity. The equity ratio remains healthy, showing a strong capital base.

Cash Flow

Free cash flow has significantly decreased by 46.21%, impacting liquidity. The operating cash flow to net income ratio is below 1, indicating potential cash flow challenges. However, the free cash flow to net income ratio is relatively strong, suggesting some resilience in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.06B	1.00B	1.10B	1.08B	1.02B	916.75M
Gross Profit	263.08M	255.65M	279.14M	265.80M	221.84M	194.20M
EBITDA	34.99M	66.99M	90.78M	104.94M	83.28M	98.18M
Net Income	8.14M	-2.32M	29.76M	40.81M	18.11M	33.63M
Balance Sheet
Total Assets	936.06M	892.33M	941.61M	913.41M	887.69M	870.75M
Cash, Cash Equivalents and Short-Term Investments	274.17M	238.81M	244.28M	235.92M	229.23M	282.66M
Total Debt	69.38M	66.79M	68.69M	55.01M	66.75M	69.04M
Total Liabilities	251.04M	217.62M	252.79M	234.70M	236.65M	226.96M
Stockholders Equity	685.51M	674.89M	688.95M	677.62M	651.82M	644.01M
Cash Flow
Free Cash Flow	95.61M	51.44M	68.86M	62.83M	6.73M	129.98M
Operating Cash Flow	126.08M	70.61M	93.33M	77.89M	16.02M	140.23M
Investing Cash Flow	-28.90M	-17.81M	-44.55M	-12.10M	19.33M	-11.26M
Financing Cash Flow	-61.70M	-62.24M	-63.32M	-57.11M	-62.42M	-48.55M

China-Hongkong Photo Products Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1123, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 85.61 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1123.

China-Hongkong Photo Products Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3830	53 Neutral	HK$60.00M	―	-31.72%	―	-8.50%	4.11%
1123	50 Neutral	HK$145.79M	-64.74	-0.11%	8.70%	-8.31%	-108.70%
8545	50 Neutral	HK$45.31M	-21.11	-1.26%	―	0.47%	-195.45%
1348	44 Neutral	HK$235.88M	―	-50.25%	―	-61.76%	75.15%
6918	43 Neutral	HK$116.17M	―	-19.89%	―	84.26%	44.41%
0765	40 Neutral	HK$176.54M	-9.21	-36.17%	―	-13.96%	64.58%

China-Hongkong Photo Products Holdings Limited Corporate Events

China-Hongkong Photo Products Schedules Board Meeting for Interim Results

China-Hongkong Photo Products Holdings Limited has announced a board meeting scheduled for November 26, 2025, to review and approve the interim results for the six months ending September 30, 2025. This meeting will also consider the payment of an interim dividend and address other business matters, potentially impacting the company’s financial strategy and shareholder returns.

China-Hongkong Photo Products Unanimously Passes AGM Resolutions

China-Hongkong Photo Products Holdings Limited held its Annual General Meeting on August 8, 2025, where all proposed resolutions were unanimously approved. The resolutions included re-electing directors, appointing auditors, and granting mandates for share repurchases and issuance, indicating strong shareholder support and strategic continuity.