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Hang Pin Living Technology Company Limited (HK:1682)
:1682
Hong Kong Market

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

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HK:1682

Hang Pin Living Technology Company Limited

(1682)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
HK$0.13
▼(-31.58% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak operating/cash-flow consistency despite a strong balance sheet, and by bearish technical trends with price below key moving averages and negative MACD. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Strong balance sheet
Very low leverage and sizable equity provide durable financial flexibility. This capital conservatism lets the company absorb operating volatility, fund opportunistic investments or lending, and supports resilience across cycles without immediate reliance on external debt markets.
Planned capital raise for expansion
A targeted rights issue to fund garment sourcing and financial-services expansion is a structural growth initiative. If executed, it increases invested capital into core operations and adjacent services, supporting scale, revenue diversification and longer-term service offerings beyond one-off trading margins.
Strategic property acquisition
Owning property strengthens the company’s asset base and operational platform. Real estate can lower recurring occupancy costs, enable logistics/warehousing scale, and serve as collateral, improving strategic capacity to support sourcing operations and secured-lending activities over the medium term.
Negative Factors
Inconsistent cash generation
Large swings in operating and free cash flow signal weak working-capital control and earnings quality. Inconsistent cash conversion raises reliance on external financing or equity raises for capex or operations, increasing execution risk for growth plans and limiting durable internal funding capacity.
Structurally thin margins
Very low and compressed gross margins in apparel trading leave little buffer for cost inflation, FX swings or customer price pressure. Structural thinness limits the company's ability to generate sustainable operating profit and weakens long-term return on capital even if revenues recover.
Rights-issue execution & dilution risk
A non-underwritten rights issue increases execution risk and potential shareholder dilution if uptake is weak or placements alter ownership. Reliance on such financing underscores limited internal cash resilience and presents governance and capital-allocation risks that can persist beyond the funding event.

Hang Pin Living Technology Company Limited (1682) vs. iShares MSCI Hong Kong ETF (EWH)

Hang Pin Living Technology Company Limited Business Overview & Revenue Model

Company DescriptionHang 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.

Hang Pin Living Technology Company Limited Financial Statement Overview

Summary
Financials are mixed: a very strong, low-debt balance sheet supports resilience, but operating performance remains fragile with structurally thin margins, a multi-year period of losses before a small profit in 2025, and volatile cash generation (free cash flow turning negative in 2025).
Income Statement
34
Negative
Profitability has been volatile and structurally thin. Revenue declined materially from 2023 to 2025 (despite a rebound in 2025), and gross margin has compressed sharply to ~1.0% in 2025 versus ~4–5% in 2021–2023. While the company returned to a small net profit in 2025 after losses in 2021–2024, operating results remain pressured (negative EBIT in most years), indicating the turnaround is not yet firmly supported by core operating leverage.
Balance Sheet
82
Very Positive
The balance sheet is a clear strength with very low leverage (debt-to-equity ~0.0–0.012 across the period) and sizable equity relative to assets. This conservative capital structure provides resilience and financial flexibility. The key weakness is returns: return on equity has been weak/negative in most years and only modestly positive in 2025, reflecting limited profitability despite the strong capitalization.
Cash Flow
43
Neutral
Cash generation is inconsistent. Operating and free cash flow swung from strongly positive in 2024 to negative in 2025, which raises questions about working-capital stability and earnings quality through the cycle. While 2024 cash flow was robust relative to net income, the reversal to cash outflows in 2025 reduces confidence that the recent return to profitability is being consistently converted into cash.
BreakdownMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue81.48M96.69M123.21M122.34M120.06M
Gross Profit855.00K2.31M5.52M6.13M5.30M
EBITDA1.63M-11.12M-6.87M-11.81M2.15M
Net Income929.00K-3.65M-5.51M-12.67M-3.96M
Balance Sheet
Total Assets97.49M105.75M140.40M135.12M126.66M
Cash, Cash Equivalents and Short-Term Investments90.13M89.58M49.84M53.60M39.04M
Total Debt1.06M0.000.00113.00K113.00K
Total Liabilities8.26M17.66M49.05M38.32M18.40M
Stockholders Equity89.24M88.09M91.35M96.81M108.27M
Cash Flow
Free Cash Flow-4.86M23.76M-7.97M5.82M-7.21M
Operating Cash Flow-4.83M24.32M-7.97M5.82M-6.15M
Investing Cash Flow7.13M4.23M6.38M13.12M-16.29M
Financing Cash Flow-414.00K0.000.00-115.00K15.84M

Hang Pin Living Technology Company Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.19
Price Trends
50DMA
0.16
Negative
100DMA
0.18
Negative
200DMA
0.18
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
38.50
Neutral
STOCH
18.01
Positive
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 bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.50 is Neutral, neither overbought nor oversold. The STOCH value of 18.01 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
60
Neutral
HK$100.80M8.7117.42%-5.03%229.17%
56
Neutral
HK$70.75M-0.44-8.92%7.57%-1383.56%
50
Neutral
HK$102.17M-24.03-5.45%8.95%-310.34%
46
Neutral
HK$83.90M-3.11-0.71%2.59%3.84%83.42%
44
Neutral
HK$151.14M-3.03-3.79%47.69%-6.36%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1682
Hang Pin Living Technology Company Limited
0.13
-0.06
-31.58%
HK:0518
Tungtex (Holdings) Co
0.19
>-0.01
-4.12%
HK:0122
Crocodile Garments Limited
1.46
-0.59
-28.78%
HK:0333
Top Form International Limited
0.24
-0.05
-16.07%
HK:0540
Speedy Global Holdings Ltd.
0.17
-0.01
-6.67%

Hang Pin Living Technology Company Limited Corporate Events

Hang Pin Living Technology Names Messis Capital as Independent Adviser for Rights Issue
Mar 19, 2026

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
Mar 9, 2026

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
Jan 30, 2026

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
Jan 26, 2026

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
Jan 13, 2026

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
Jan 2, 2026

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.

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