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Success Dragon International Holdings Ltd. (HK:1182)
:1182
Hong Kong Market
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Success Dragon International Holdings Ltd. (1182) AI Stock Analysis

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HK:1182

Success Dragon International Holdings Ltd.

(1182)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
HK$0.92
▲(56.27% Upside)
Action:ReiteratedDate:03/24/26
The score is driven mainly by improved profitability and a stronger, low-leverage balance sheet, offset by major revenue volatility and inconsistent free cash flow. Technical signals are neutral-to-mixed, while the very low P/E provides meaningful valuation support.
Positive Factors
Conservative balance sheet
Very low leverage across 2024–2025 gives the company durable financial flexibility. Low debt reduces refinancing and interest-rate risk, enabling management to fund operations or opportunistic investments during revenue cycles and absorb shocks without pressuring near-term cash flow.
Negative Factors
Severe revenue volatility
A ~65% revenue collapse in 2025 demonstrates high top-line sensitivity to client activity or market cycles. Such volatility undermines predictability of margins and earnings, complicates capacity planning and makes sustained investment or contracting riskier for management and counterparties.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage across 2024–2025 gives the company durable financial flexibility. Low debt reduces refinancing and interest-rate risk, enabling management to fund operations or opportunistic investments during revenue cycles and absorb shocks without pressuring near-term cash flow.
Read all positive factors

Success Dragon International Holdings Ltd. (1182) vs. iShares MSCI Hong Kong ETF (EWH)

Success Dragon International Holdings Ltd. Business Overview & Revenue Model

Company Description
Success Dragon International Holdings Limited, an investment holding company, provides outsourced business process management services for electronic gaming machines in Hong Kong, Macau, and the People's Republic of China. The company also engages...
How the Company Makes Money
Success Dragon International Holdings Ltd. generates revenue through offering outsourced management services to casino operators, including the provision and maintenance of electronic gaming machines. The company may also earn income via consultin...

Success Dragon International Holdings Ltd. Financial Statement Overview

Summary
Improved profitability versus 2020–2021 with positive net income in 2022–2025 and stronger margins in 2025, supported by a conservatively financed balance sheet (very low debt-to-equity). However, revenue fell sharply in 2025 (~65% YoY) and cash generation is volatile with inconsistent free cash flow, limiting confidence in earnings durability.
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue373.49M125.25M422.73M363.76M182.03M175.20M
Gross Profit70.77M30.73M37.24M33.79M35.69M19.86M
EBITDA58.87M17.71M17.40M15.10M9.75M-5.79M
Net Income37.59M8.51M6.18M816.00K2.03M-10.54M
Balance Sheet
Total Assets289.78M222.62M204.85M211.98M141.92M104.32M
Cash, Cash Equivalents and Short-Term Investments19.22M72.97M79.75M91.79M31.79M32.30M
Total Debt12.00M2.59M4.04M6.45M19.71M28.36M
Total Liabilities140.40M100.55M86.89M96.11M92.04M56.98M
Stockholders Equity149.38M122.07M117.96M115.87M49.88M47.35M
Cash Flow
Free Cash Flow-46.30M-2.00M-7.28M15.87M10.11M-4.40M
Operating Cash Flow-12.33M24.36M-6.76M18.00M13.09M-2.21M
Investing Cash Flow-33.97M-25.26M1.21M-2.47M-2.99M-982.00K
Financing Cash Flow-5.34M-5.16M-3.81M47.20M-11.13M33.83M

Success Dragon International Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.59
Price Trends
50DMA
0.83
Positive
100DMA
0.75
Positive
200DMA
0.62
Positive
Market Momentum
MACD
<0.01
Negative
RSI
56.08
Neutral
STOCH
87.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1182, the sentiment is Positive. The current price of 0.59 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.83, and below the 200-day MA of 0.62, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1182.

Success Dragon International Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
HK$189.50M7.608.42%18.18%-3.56%-16.74%
62
Neutral
HK$279.62M1.5127.70%3.21%3117.65%
62
Neutral
HK$201.60M7.19-23.30%8.60%-3.83%-698.65%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
45
Neutral
HK$165.00M-7.69-27.75%-6.38%-56.16%
41
Neutral
HK$72.04M-21.1111.87%80.22%53.85%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1182
Success Dragon International Holdings Ltd.
0.84
0.28
50.00%
HK:1540
Left Field Printing Group Ltd.
0.38
>-0.01
-1.57%
HK:1975
Sun Hing Printing Holdings Limited
0.46
0.14
45.83%
HK:8206
Shentong Robot Education Group Co., Ltd.
0.04
-0.07
-64.81%
HK:8450
EDICO Holdings Limited
0.19
0.08
66.67%

Success Dragon International Holdings Ltd. Corporate Events

Success Dragon outlines flexible capital plans for 7.39 million treasury shares
Mar 17, 2026
Success Dragon International Holdings has issued a supplemental announcement to its annual report for the year ended 31 March 2025, clarifying its plans for 7,385,000 treasury shares held as of that date. The group states that this additional disc...
Success Dragon Discloses HK$36.3 Million Supplier Prepayments and Listing Rules Breach
Feb 12, 2026
Success Dragon International Holdings disclosed that, as of 30 September 2025, it had made approximately HK$36.3 million in prepayments to suppliers in its gold processing and trading business for gold ore and gold-laden carbon. These prepayments,...
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: Mar 24, 2026