Hang Pin Living Technology Company Limited (1682) AI Stock Analysis

• Market Cap: HK$113.17M
• Dividend Yield: N/A
• Average Volume (3M): 918.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: 8.95%
• EPS Growth: -310.34%
• Country: HK
• Employees: 16
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): >-0.01
• Shares Outstanding: 785,927,000
• 10 Day Avg. Volume: 294,400
• 30 Day Avg. Volume: 918,845
• PEG Ratio: -1.21
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 1.73
• P/FCF Ratio: -28.92
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: HK$0.14 ▼(-27.89% Downside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is primarily held back by weak profitability/cash-flow consistency and bearish technicals (price below all major moving averages with negative MACD). A strong, low-leverage balance sheet provides some downside resilience but is not yet translating into durable earnings power.

Positive Factors

Low leverage / strong balance sheet

Very low leverage and sizable equity provide durable downside resilience and financial flexibility. Over a 2–6 month horizon this conservatism reduces refinancing and solvency risk, enabling the company to withstand cyclical softness or selectively fund initiatives without raising large external capital.

Revenue growth rebound

Reported positive revenue growth indicates recovering top-line momentum versus prior declines. Sustained revenue expansion over several quarters would support scale economics, stabilize margins, and provide a foundation for durable earnings improvement if management sustains channel and product execution.

Ability to generate substantial cash in some years

History of materially positive cash generation in select years demonstrates the business can convert revenue into free cash under favorable conditions. This operational cashability implies potential to self-fund working capital or capex intermittently, reducing reliance on external financing when trends normalize.

Negative Factors

Compressed gross margins

Severely compressed gross margins (~1% in 2025) limit the firm’s ability to generate durable operating profits and to absorb cost or pricing shocks. Low inherent margin imposes structural constraints on net income sensitivity and makes consistent profitability dependent on material improvements to pricing, mix, or cost base.

Inconsistent operating cash flow

Wide swings in operating and free cash flow indicate volatile working-capital dynamics and earnings quality issues. This undermines the company’s ability to reliably fund operations, invest, or return capital, increasing execution risk and making strategic planning or reinvestment more difficult over coming quarters.

Weak returns on capital historically

Consistently negative ROE historically signals the company has struggled to convert its equity base into profits. Poor returns constrain the firm’s capacity to reinvest profitably and to compound shareholder value, implying structural challenges in business economics unless product mix or margin dynamics materially improve.

Hang Pin Living Technology Company Limited Business Overview & Revenue Model

Company Description

Hang Pin Living Technology Company Limited, an investment holding company, engages in garment sourcing and provision of financial services primarily in the People's Republic of China and Hong Kong. It offers a range of sourcing management services, including product design and development, sampling, product offering, sourcing, outsourcing, logistics and delivery, and overseas sales. The company also provides cut and sewn knits, sweaters, and woven items. In addition, it manufactures and sells garment products; and offers money lending services. The company was formerly known as Hua Long Jin Kong Company Limited and changed its name to Hang Pin Living Technology Company Limited in April 2019. Hang Pin Living Technology Company Limited was founded in 1988 and is headquartered in Hong Kong, Hong Kong.

How the Company Makes Money

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Hang Pin Living Technology Company Limited Financial Statement Overview

Summary

Mixed fundamentals. The balance sheet is strong with very low leverage (Balance Sheet Score 74), but profitability and margins have been weak and volatile (Income Statement Score 32) and cash generation has been inconsistent with negative operating/free cash flow in 2025 (Cash Flow Score 46).

Income Statement

Profitability remains weak and volatile. Revenue has been choppy (down materially from 2023 to 2025), with a sharp rebound in 2025 but still below prior peaks. Gross margin has compressed significantly over time (roughly mid-single-digits historically to ~1% in 2025), limiting earnings power. Net income turned positive in 2025 after losses in 2022–2024, but operating profit has generally been negative, suggesting the earnings recovery is not yet structurally durable.

Balance Sheet

The balance sheet is a clear strength: leverage is very low (debt-to-equity near zero across most years), and equity remains sizable relative to assets. This conservatism provides resilience during downcycles. The main weakness is returns: return on equity has been negative in most years and only modestly positive in 2025, indicating the company has not consistently converted its capital base into profits.

Cash Flow

Cash generation is inconsistent. Operating and free cash flow swung from strongly positive in 2024 (and 2020) to negative in 2025 and 2023, which raises questions around working-capital volatility and earnings quality. The company can generate substantial cash in some years, but the lack of steady operating cash flow reduces confidence in the sustainability of the recent return to profitability.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	81.48M	96.69M	123.21M	122.34M	120.06M
Gross Profit	855.00K	2.31M	5.52M	6.13M	5.30M
EBITDA	1.63M	-11.12M	-6.87M	-11.81M	2.15M
Net Income	929.00K	-3.65M	-5.51M	-12.67M	-3.96M
Balance Sheet
Total Assets	97.49M	105.75M	140.40M	135.12M	126.66M
Cash, Cash Equivalents and Short-Term Investments	90.13M	89.58M	49.84M	53.60M	39.04M
Total Debt	1.06M	0.00	0.00	113.00K	113.00K
Total Liabilities	8.26M	17.66M	49.05M	38.32M	18.40M
Stockholders Equity	89.24M	88.09M	91.35M	96.81M	108.27M
Cash Flow
Free Cash Flow	-4.86M	23.76M	-7.97M	5.82M	-7.21M
Operating Cash Flow	-4.83M	24.32M	-7.97M	5.82M	-6.15M
Investing Cash Flow	7.13M	4.23M	6.38M	13.12M	-16.29M
Financing Cash Flow	-414.00K	0.00	0.00	-115.00K	15.84M

Hang Pin Living Technology Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1682, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.16, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 37.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1682.

Hang Pin Living Technology Company 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%
0540	60 Neutral	HK$99.00M	8.71	17.42%	―	-5.03%	229.17%
0333	58 Neutral	HK$70.75M	-0.44	-8.92%	―	7.57%	-1383.56%
1682	47 Neutral	HK$113.17M	-24.03	-5.37%	―	8.95%	-310.34%
0518	46 Neutral	HK$84.80M	-3.11	-0.71%	2.59%	3.84%	83.42%
0122	44 Neutral	HK$150.10M	-3.03	-3.79%	―	47.69%	-6.36%

Hang Pin Living Technology Company Limited Corporate Events

Hang Pin Living Technology Names Messis Capital as Independent Adviser for Rights Issue

Hang Pin Living Technology Company Limited has appointed Messis Capital Limited as independent financial adviser in connection with its proposed rights issue, following approval by the company’s Independent Board Committee. Messis, licensed in Hong Kong to deal in securities and advise on corporate finance, will provide an opinion on the terms of the rights issue to both the Independent Board Committee and independent shareholders, with its advice to be included in a forthcoming shareholder circular, underscoring a focus on regulatory compliance and investor protection in the capital-raising process.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

Hang Pin Living Technology Launches Non-Underwritten Rights Issue to Fund Business Expansion

Hang Pin Living Technology Company Limited plans a rights issue on a one-for-one basis at HK$0.085 per share, aiming to raise up to about HK$66.8 million in gross proceeds from qualifying shareholders. Net proceeds of roughly HK$64.9 million are earmarked primarily to expand its garment sourcing and financial services businesses, with a smaller portion reserved for general working capital.

The rights issue will be conducted on a non-underwritten basis with no excess application mechanism, and any unsubscribed shares will be placed to independent investors under compensatory arrangements. The final size of the offering may be reduced if shares remain unsold, and applications by shareholders will be scaled down if necessary to avoid triggering mandatory general offer obligations under Hong Kong takeover rules.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

Hang Pin Living Technology Completes Major Property Acquisition

Hang Pin Living Technology Company Limited has completed a major transaction involving the acquisition of a property, with its wholly owned subsidiary paying the remaining consideration of HK$42.78 million on 30 January 2026 under a formal agreement. The completion of this acquisition marks a significant capital investment that is expected to strengthen the company’s asset portfolio and operational platform, potentially supporting future growth and reinforcing its positioning within its sector for the benefit of shareholders and other stakeholders.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

Hang Pin Living Technology Grants HK$8 Million Secured Revolving Loan Facility

Hang Pin Living Technology Company Limited has, through its wholly owned subsidiary Golden Maximum, entered into a facility agreement to provide an independent third-party borrower with a secured revolving loan facility of up to HK$8 million. The six‑month facility, carrying interest at 5% per annum and secured against 28 commercial property units in Xianyou county, Fujian province with an estimated aggregate value of about RMB32.29 million, constitutes a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not shareholder approval. The move reflects the company’s continued deployment of surplus funds into secured lending, potentially enhancing interest income while keeping credit risk mitigated through substantial property collateral.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

Hang Pin Living Technology Updates Corporate Name of External Auditor

Hang Pin Living Technology Company Limited, a Bermuda-incorporated issuer listed in Hong Kong, has announced a change in the corporate name of its external auditor. The audit firm’s English name has been changed from SFAI (HK) CPA Limited to ZSZH (HK) Fuson CPA Limited, with a corresponding change to its Chinese name, effective 9 January 2026, a move that appears administrative in nature and is not indicated to affect the company’s operations or governance, but is relevant for stakeholders tracking its audited financial reporting and disclosure arrangements.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

Hang Pin Living Technology Seeks Mandates to Dispose of Major Stakes in CNOOC, PetroChina and CCB

Hang Pin Living Technology Company Limited has moved to secure shareholder approval for mandates that will allow its directors to dispose of up to all of the group’s existing shareholdings in CNOOC, PetroChina and China Construction Bank during a specified mandate period, covering 335,000 CNOOC shares, 908,000 PetroChina shares and 711,000 CCB shares. As the potential disposals, when aggregated with previous sales over the past 12 months, may each constitute a major transaction under Hong Kong listing rules, they are subject to reporting, announcement, circular and shareholder-approval requirements; the company has already obtained written consent from its controlling shareholder in lieu of a general meeting, and plans to dispatch a circular with further details to all shareholders by 23 January 2026, signalling a possible significant realignment of its investment portfolio and capital allocation strategy.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.