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Hands Form Holdings Limited (HK:1920)
:1920
Hong Kong Market
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Hands Form Holdings Limited (1920) AI Stock Analysis

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HK

Hands Form Holdings Limited

(1920)

Rating:40Underperform
Price Target:
HK$0.50
▲(31.58%Upside)
The overall stock score is heavily impacted by severe financial challenges and weak technical indicators. The company's inability to generate profits and cash flow, coupled with a negative P/E ratio, are critical concerns. Technical analysis suggests a bearish trend, further weighing on the score.

Hands Form Holdings Limited (1920) vs. iShares MSCI Hong Kong ETF (EWH)

Hands Form Holdings Limited Business Overview & Revenue Model

Company DescriptionHands Form Holdings Limited (1920) is a company engaged in the manufacturing and sale of gloves. The company operates within the industrial and consumer goods sectors, offering a range of gloves designed for various applications, including industrial, medical, and everyday use. Its portfolio caters to diverse customer needs by providing quality and durable glove products.
How the Company Makes MoneyHands Form Holdings Limited generates revenue primarily through the sale of its glove products. The company's key revenue streams include direct sales to industrial clients, healthcare providers, and retail partners who distribute their products to end consumers. The company may also engage in strategic partnerships with distributors and retailers to expand its market reach. Additional earnings may come from exports to international markets, depending on the company's distribution and sales agreements.

Hands Form Holdings Limited Financial Statement Overview

Summary
Hands Form Holdings Limited is experiencing severe financial challenges, as reflected in its income statement, balance sheet, and cash flow metrics. The company struggles with profitability and cash generation, raising concerns about its operational sustainability and financial health.
Income Statement
15
Very Negative
The company has faced a significant decline in revenue, with a negative growth trend from 2019 to 2024. Profitability metrics such as gross profit margin and net profit margin are negative, indicating operational challenges. Consistent losses and decreasing revenue highlight financial instability.
Balance Sheet
40
Negative
The company maintains a relatively low debt-to-equity ratio, indicating conservative leverage. However, the declining stockholders' equity and total assets suggest a weakening financial position. The equity ratio has decreased, pointing to potential risks in financial stability.
Cash Flow
10
Very Negative
Cash flow metrics are concerning, with negative operating cash flow and free cash flow in most years. The inability to generate positive cash flow from operations poses liquidity risks. Lack of free cash flow growth indicates financial strain.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue109.95M86.70M122.52M117.46M304.96M
Gross Profit-12.88M-21.49M-28.63M-63.46M3.80M
EBITDA-40.66M-48.63M-53.79M-81.00M9.22M
Net Income-43.34M-51.62M-56.20M-83.19M7.37M
Balance Sheet
Total Assets42.26M71.76M123.94M191.25M253.52M
Cash, Cash Equivalents and Short-Term Investments10.54M18.60M14.01M9.56M5.95M
Total Debt5.31M9.62M9.70M16.28M17.81M
Total Liabilities32.43M18.59M19.15M45.63M24.71M
Stockholders Equity9.83M53.17M104.79M145.62M228.81M
Cash Flow
Free Cash Flow-3.55M-197.00K-13.15M8.50M-27.71M
Operating Cash Flow-3.55M-197.00K-5.40M8.50M-27.71M
Investing Cash Flow16.00K5.21M1.32M-3.00M-4.69M
Financing Cash Flow-4.53M-414.00K8.52M-1.88M13.65M

Hands Form Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.38
Price Trends
50DMA
0.38
Negative
100DMA
0.50
Negative
200DMA
0.68
Negative
Market Momentum
MACD
-0.01
Negative
RSI
51.18
Neutral
STOCH
73.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1920, the sentiment is Neutral. The current price of 0.38 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.38, and below the 200-day MA of 0.68, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.18 is Neutral, neither overbought nor oversold. The STOCH value of 73.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1920.

Hands Form Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$151.20M20.322.66%6.35%36.65%60.00%
58
Neutral
HK$14.16B4.53-3.01%6.82%3.67%-54.16%
43
Neutral
HK$104.40M-22.45%21.44%65.22%
40
Underperform
HK$134.78M-137.59%26.81%16.02%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1920
Hands Form Holdings Limited
0.38
0.04
11.76%
HK:2221
New Concepts Holdings Ltd
0.06
-0.03
-33.33%
HK:1793
Wecon Holdings Ltd.
0.18
0.04
28.57%

Hands Form Holdings Limited Corporate Events

China Wacan Group Announces Unanimous Approval of AGM Resolutions
Jun 30, 2025

China Wacan Group Company Limited, incorporated in the Cayman Islands, announced that all resolutions proposed at its Annual General Meeting held on 30 June 2025 were unanimously approved. These resolutions included the re-election of several directors, the re-appointment of the independent auditor, and granting mandates to the directors for share issuance and repurchase, reflecting strong shareholder support and a stable governance structure.

China Wacan Group Completes Share Placement to Fund New Beauty Business
Jun 24, 2025

China Wacan Group Company Limited has successfully completed the placement of 62,400,000 new shares, representing approximately 16.67% of its enlarged share capital, at a price of HK$0.241 per share. The net proceeds of approximately HK$14,100,000 will be used to launch a new beauty business, including setting up beauty stores in major Chinese cities, renovating a new office, and as working capital, which could enhance the company’s market presence and diversify its business operations.

China Wacan Group Announces 2025 AGM with Key Resolutions
Jun 6, 2025

China Wacan Group Company Limited, listed on the Hong Kong Stock Exchange, has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025. The meeting will address several key resolutions, including the adoption of the company’s audited financial statements for 2024, the re-election of several directors, and the re-appointment of Wilson & Partners CPA Limited as the independent auditor. Additionally, the meeting will consider a resolution to authorize the directors to allot and issue additional shares, subject to certain conditions. These resolutions are crucial for the company’s governance and operational strategies moving forward.

China Wacan Group Announces New Share Placement
Jun 3, 2025

China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced a new share placement under a general mandate. The company aims to place up to 62,400,000 new shares at a price of HK$0.241 per share, representing a discount to recent trading prices. This move could potentially increase the company’s share capital by 16.67% if fully subscribed. The expected net proceeds of approximately HK$14,100,000 will be used for working capital and future business opportunities, although the completion of the placement is subject to certain conditions.

China Wacan Group Proposes Name Change for Greater Market Alignment
May 19, 2025

China Wacan Group Company Limited, incorporated in the Cayman Islands, has proposed a change to its Chinese company name to better align with local business customs and legal norms in mainland China. This change aims to enhance the company’s recognition and credibility among domestic investors and business partners in mainland China. The proposed name change, which requires approval from shareholders and the Registrar of Companies in the Cayman Islands, will not affect the company’s business operations, financial position, or the rights of shareholders.

China Wacan Group Announces Board Composition and Roles
May 18, 2025

China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within various committees. The board includes both executive and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic decision-making and stakeholder relations.

China Wacan Group Announces Executive Leadership Changes
May 16, 2025

China Wacan Group Company Limited announced significant changes in its executive leadership, effective May 16, 2025. The company accepted the resignations of Mr. Cheung Kwok Fai Adam, Mr. Ng Sheung Chung, and Mr. Ma Kan Sun, who stepped down to focus on other business engagements. Concurrently, Ms. Peng Yunying has been appointed as the new executive director and president, and Mr. Guo Xianjiao as an executive director and dean of Wacan Business Academy. These changes are expected to influence the company’s strategic direction in the beauty and health sector.

China Alliance Venture Limited Completes Cash Offer for China Wacan Group Shares
Apr 30, 2025

China Alliance Venture Limited and China Wacan Group Company Limited announced the closure of a mandatory unconditional cash offer made by Yellow River Securities Limited on behalf of China Alliance Venture Limited to acquire all issued shares of China Wacan Group, excluding those already owned or agreed to be acquired by China Alliance Venture Limited and its concert parties. The offer closed with five valid acceptances, representing approximately 1.31% of the total issued share capital, resulting in China Alliance Venture Limited and its concert parties holding approximately 63.81% of the company’s shares. The total cash consideration for the offer amounted to HK$1,049,341.5, with remittances to be dispatched to shareholders within seven business days.

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: Jul 11, 2025