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Evergreen Products Group Ltd. (HK:1962)
:1962
Hong Kong Market
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Evergreen Products Group Ltd. (1962) AI Stock Analysis

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HK:1962

Evergreen Products Group Ltd.

(1962)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
HK$0.50
▲(2.04% Upside)
The stock's overall score is driven by its attractive valuation and moderate technical momentum. Financial performance is stable but impacted by declining net income and cash flow concerns. The absence of earnings call and corporate events data did not influence the score.

Evergreen Products Group Ltd. (1962) vs. iShares MSCI Hong Kong ETF (EWH)

Evergreen Products Group Ltd. Business Overview & Revenue Model

Company DescriptionEvergreen Products Group Limited, an investment holding company, designs, manufactures, trades in, and sells hair products in the United States, the People's Republic of China, the United Kingdom, Japan, Germany, and internationally. The company offers fashion wigs, including long, medium and short, and half wigs; lace wigs, such as lace front, parting, braided, and 4x4 lace wigs; hairpieces and accessories comprising Melrose clips, drawstrings, domes/buns, and head band pieces; hair extensions and weaving products; men's wigs and toupees; Halloween wigs; costumes; moustaches and beards; and doll wigs. It is also involved in the technological development of hair products; property investment and holding activities; trading of hair products through internet; carton business; and export and impor of hair products. The company was founded in 1962 and is headquartered in Kwai Chung, Hong Kong. Evergreen Products Group Limited is a subsidiary of Evergreen Enterprise Holdings Limited.
How the Company Makes MoneyEvergreen Products Group Ltd. generates revenue through the manufacture and sale of its hair products, which include synthetic and human hair wigs, hairpieces, and hair accessories. The company sells its products to wholesalers, retailers, and directly to consumers through various distribution channels. Key revenue streams include direct sales to salons and beauty supply stores, as well as online retail platforms. The company may also engage in strategic partnerships or collaborations with hair salons and beauty brands to expand its market reach and enhance its product offerings. Additionally, factors such as product innovation, brand reputation, and global market trends in the beauty and personal care industry significantly contribute to its earnings.

Evergreen Products Group Ltd. Financial Statement Overview

Summary
Evergreen Products Group Ltd. shows stable operational performance with a solid revenue base and good equity levels. However, declining net income and significant cash flow concerns, particularly in free cash flow management, pressure profitability.
Income Statement
65
Positive
The company experienced a slight increase in total revenue in 2024 compared to 2023, reflecting moderate revenue growth. Gross Profit Margin improved slightly, indicating efficient cost management. However, the Net Profit Margin decreased due to a decline in net income. The EBIT and EBITDA margins were relatively stable, showing consistent operational performance.
Balance Sheet
70
Positive
Evergreen Products Group Ltd. maintains a strong equity position with an Equity Ratio of over 50%, indicating financial stability. The Debt-to-Equity Ratio remains manageable, though slightly increased from previous years, reflecting moderate leverage. Return on Equity (ROE) declined as net income fell, impacting shareholder returns.
Cash Flow
50
Neutral
The company's free cash flow dropped significantly in 2024, raising concerns about cash generation. Operating Cash Flow to Net Income Ratio was not calculable due to zero operating cash flow, highlighting potential cash flow management issues. The absence of free cash flow data in 2024 suggests challenges in capital expenditure and cash management.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.02B979.24M1.10B1.21B890.20M
Gross Profit243.54M233.23M257.10M248.81M152.66M
EBITDA129.34M140.78M106.23M122.35M46.12M
Net Income39.92M51.01M66.29M54.07M-17.98M
Balance Sheet
Total Assets1.53B1.63B1.57B1.72B1.76B
Cash, Cash Equivalents and Short-Term Investments115.71M90.58M78.61M68.44M70.23M
Total Debt572.36M615.00M549.90M670.64M783.28M
Total Liabilities739.71M786.47M682.49M794.28M884.24M
Stockholders Equity800.14M851.63M896.41M917.79M872.25M
Cash Flow
Free Cash Flow364.68M356.93M394.82M244.57M56.54M
Operating Cash Flow356.31M384.18M421.59M270.18M79.26M
Investing Cash Flow13.42M-26.64M-38.50M-14.74M-42.70M
Financing Cash Flow-378.34M-342.89M-368.40M-258.17M-4.05M

Evergreen Products Group Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.49
Price Trends
50DMA
0.48
Positive
100DMA
0.49
Negative
200DMA
0.47
Positive
Market Momentum
MACD
<0.01
Negative
RSI
52.27
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1962, the sentiment is Neutral. The current price of 0.49 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.48, and above the 200-day MA of 0.47, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1962.

Evergreen Products Group 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
74
Outperform
HK$280.14M2.2926.50%-3.12%1.92%
70
Neutral
HK$413.14M4.2722.38%8.74%21.99%11.36%
68
Neutral
HK$311.56M10.383.77%9.80%-6.67%-29.55%
62
Neutral
HK$388.52M6.8311.48%11.10%-4.38%
56
Neutral
HK$139.15M48.894.51%5.99%-74.29%
41
Neutral
HK$216.18M-4.38-31.79%-0.79%-34.52%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1962
Evergreen Products Group Ltd.
0.49
-0.01
-2.00%
HK:1338
BaWang International (Group) Holding Limited
0.04
-0.01
-20.00%
HK:1925
Kwung's Holdings Limited
1.02
-0.25
-19.69%
HK:2023
China Ludao Technology Co. Ltd.
0.79
-0.31
-28.18%
HK:6893
Hin Sang Group (International) Holding Co. Ltd.
0.20
-0.12
-37.50%
HK:8512
Hyfusin Group Holdings Ltd.
0.30
0.02
7.14%

Evergreen Products Group Ltd. Corporate Events

Evergreen Products Group Reports Decline in Interim Financial Results for 2025
Aug 22, 2025

Evergreen Products Group Limited reported a decline in its financial performance for the first half of 2025, with revenue dropping by 11.3% to HK$465.7 million and net profit decreasing by 21.1% to HK$18.8 million compared to the same period in 2024. The company attributed these declines to trade policy uncertainties and increased US tariffs affecting customer sentiment, leading to reduced order shipments, alongside higher distribution and selling expenses due to new overseas sales offices. Despite these challenges, the company declared an interim dividend of HK$2.0 cents per share, reflecting a lower payout ratio of 67.6% compared to the previous year.

The most recent analyst rating on (HK:1962) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Evergreen Products Group Ltd. stock, see the HK:1962 Stock Forecast page.

Evergreen Products Group Announces Interim Dividend
Aug 22, 2025

Evergreen Products Group Limited announced an interim dividend of HKD 0.02 per share for the six months ending June 30, 2025. The dividend will be paid on November 28, 2025, with a record date of September 12, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.

The most recent analyst rating on (HK:1962) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Evergreen Products Group Ltd. stock, see the HK:1962 Stock Forecast page.

Evergreen Products Group Schedules Board Meeting for Interim Results
Aug 12, 2025

Evergreen Products Group Limited has announced that its board of directors will meet on August 22, 2025, to discuss and approve the interim results for the six months ending June 30, 2025. The meeting will also consider the potential payment of an interim dividend, which could impact the company’s financial outlook and shareholder returns.

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: Sep 18, 2025