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

• Market Cap: HK$151.72M
• Dividend Yield: 7.81%
• Average Volume (3M): 198.27K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.42
• Revenue Growth: -9.22%
• EPS Growth: -107.57%
• Country: HK
• Employees: 583
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Leisure
• EPS (TTM): >-0.01
• Shares Outstanding: 1,185,318,400
• 10 Day Avg. Volume: 300,200
• 30 Day Avg. Volume: 198,266
• 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

• Rating: 54 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The company's stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability, and liquidity risks. While technical analysis shows positive momentum, the overbought indicators suggest caution. The high dividend yield is a positive, but the negative P/E ratio raises concerns about valuation.

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

Company Description

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distribution of photographic developing, processing, and printing products in Hong Kong. The company operates through Merchandise, Service, and Investment segments. It also retails and wholesales photographic merchandises, skincare products, consumer electronic products, and household appliances, as well as commercial and professional AV products. In addition, the company engages in the provision of technical services for photographic developing and processing products, and professional audio-visual advisory and custom design and installation services. Further, it holds and invests in properties; and provides installation service for household appliances, as well as photofinishing and imaging solutions. The company operates a retail chain under the Fotomax name that provides photographic developing and processing services; and sells skincare products through online platform. The company was founded in 1968 and is based in Tsuen Wan, Hong Kong. China-Hongkong Photo Products Holdings Limited is a subsidiary of Searich Group Limited.

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 facing challenges with declining revenue and profitability, as evidenced by negative net profit margins and reduced EBIT and EBITDA margins. The balance sheet remains stable with low leverage, but the negative return on equity is concerning. Cash flow generation has weakened, posing potential liquidity risks.

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: Neutral
• 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 58.12 is Neutral, neither overbought nor oversold. The STOCH value of 98.09 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	$17.64B	14.17	-5.23%	3.04%	1.43%	-15.11%
1123	54 Neutral	HK$151.72M	17.25	-0.34%	7.81%	-9.22%	-107.57%
8545	51 Neutral	HK$48.88M	17.27	-1.08%	―	-34.70%	-550.00%
3830	48 Neutral	HK$69.00M	―	-31.72%	―	-8.50%	4.11%
6918	48 Neutral	HK$142.40M	―	-19.60%	―	64.02%	42.01%
1348	45 Neutral	HK$206.39M	―	-37.89%	―	-59.42%	75.90%
0765	―	HK$130.77M	―	-55.75%	―	―	―

China-Hongkong Photo Products Holdings Limited Corporate Events

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.

China-Hongkong Photo Products Holdings Sets Date for 2025 AGM with Key Resolutions

China-Hongkong Photo Products Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for August 8, 2025. Key agenda items include the re-election of directors, re-appointment of auditors, and a resolution for a share repurchase mandate. The share repurchase mandate allows the company to buy back up to 10% of its issued shares, which could impact shareholder value and market perception.

China-Hongkong Photo Products Holdings Limited Announces Board Composition and Committee Assignments

China-Hongkong Photo Products Holdings Limited has announced the composition of its Board of Directors, which includes executive, non-executive, and independent non-executive directors. The Board has also established three committees: Audit, Nomination, and Remuneration, with specific directors assigned as members or chairpersons of these committees. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the leadership and decision-making framework within the organization.

China-Hongkong Photo Updates Nomination Committee Terms

China-Hongkong Photo Products Holdings Limited has announced amendments to the terms of reference for its Nomination Committee. The changes include ensuring a diverse membership comprising directors of different genders, with a majority being independent non-executive directors. These adjustments aim to enhance corporate governance practices and align with the relevant code provisions of the Corporate Governance Code, potentially impacting the company’s governance structure and stakeholder confidence.

China-Hongkong Photo Reports Revenue Decline and Net Loss for FY2025

China-Hongkong Photo Products Holdings Limited reported a 9.2% decrease in revenue to HK$1,001 million for the fiscal year ending March 31, 2025, compared to the previous year. The company faced a net loss of HK$2.3 million, a significant drop from the previous year’s net profit of HK$29.8 million. The adjusted net profit, excluding major one-off non-cash items, was HK$16.4 million. The Board decided not to recommend a final dividend, contrasting with the previous year’s dividend of 1 HK cent per share. These results reflect challenges in the company’s operations, including changes in the fair value of investment properties and impairment losses, impacting its financial performance and shareholder returns.

China-Hongkong Photo Appoints New Nomination Committee Member

China-Hongkong Photo Products Holdings Limited has announced the appointment of Ms. CHAN Wai Kwan, Rita, an Executive Director, as a member of its nomination committee, effective from July 1, 2025. This strategic appointment is expected to enhance the company’s governance structure and potentially strengthen its leadership team, reflecting a commitment to maintaining robust corporate governance practices.

China-Hongkong Photo Products Schedules Board Meeting for Financial Review

China-Hongkong Photo Products Holdings Limited has announced a board meeting scheduled for June 24, 2025, to consider and approve the final results for the fiscal year ending March 31, 2025. The meeting will also discuss the recommendation of a final dividend and other business matters, potentially impacting the company’s financial strategies and shareholder returns.

China-Hongkong Photo Products Issues Profit Warning Amid Market Challenges

China-Hongkong Photo Products Holdings Limited has issued a profit warning, indicating an expected net loss of not more than HK$3 million for the fiscal year ending March 31, 2025, compared to a net profit of approximately HK$29.8 million the previous year. The decline is attributed to reduced consumer sentiment, the absence of an income tax credit, and non-cash impairment losses on financial assets, property, and investment properties. Despite these challenges, the company maintains a solid financial position and operations.