Golden Power Group Holdings Ltd. (3919) AI Stock Analysis

• Market Cap: HK$33.05M
• Dividend Yield: N/A
• Average Volume (3M): 11.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: 5.07%
• EPS Growth: -87.31%
• Country: HK
• Employees: 409
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.11
• Shares Outstanding: 32,400,000
• 10 Day Avg. Volume: 7,750
• 30 Day Avg. Volume: 11,933
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: HK$1.00
• Price Target Upside: -1.96% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: HK$1.00 ▼(-1.96% Downside)

The most significant factor affecting the stock score is the company's financial performance, with consistent net losses and cash flow challenges posing major risks. Technical analysis indicates a lack of strong momentum, and valuation is negatively impacted by ongoing losses and the absence of dividends. These factors collectively result in a low overall stock score.

Golden Power Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Golden Power Group Holdings Limited, an investment holding company, manufactures and sells a range of batteries for various electronic devices in the People's Republic of China, Hong Kong, and internationally. It operates in two segments, Disposable Batteries, and Rechargeable Batteries and Other Battery-Related Products. The Disposable Batteries segment offers cylindrical batteries and micro-button cells. The Rechargeable Batteries and Other Battery-Related Products segment provides battery chargers, battery power packs, and electric fans. It offers batteries under the Golden Power brand, and brands of private label and OEM customers. The company also involved in property holding and investment activities, and general trading, as well as trading of batteries and battery-related products. The company was founded in 1972 and is headquartered in Tai Po, Hong Kong. Golden Power Group Holdings Limited is a subsidiary of Golden Villa Ltd.

How the Company Makes Money

Golden Power Group Holdings Ltd. generates revenue through the sale of its diverse battery products to both domestic and international markets. The company's primary revenue streams include direct sales to wholesalers and retailers, as well as sales to original equipment manufacturers (OEMs) who incorporate the batteries into their own products. Additionally, Golden Power leverages its established distribution network to reach consumers worldwide. The company's revenue is supported by strategic partnerships and continuous innovation in battery technology to meet the evolving demands of the market.

Golden Power Group Holdings Ltd. Financial Statement Overview

Summary

Golden Power Group Holdings Ltd. demonstrates a mixed financial outlook. Revenue growth is promising, but consistent net losses and cash flow challenges pose significant risks. The balance sheet's stable equity and moderate leverage provide some reassurance, yet profitability issues need addressing to enhance financial health and investor confidence.

Income Statement

The company has shown a moderate revenue growth of 17.56% in the most recent year, reversing the previous year's decline. However, profitability remains a concern with consistent net losses over the past three years, resulting in negative net profit margins. The EBIT margin improved but remains low at 0.48% for 2024. EBITDA margin shows some strength at 4.15%, indicating potential operational efficiency improvements.

Balance Sheet

The balance sheet reflects a stable equity base with a debt-to-equity ratio of 0.74, indicating manageable leverage levels. However, the return on equity is negative due to net losses, which is a concern. The equity ratio of 43.68% suggests a solid capital structure, providing some financial stability.

Cash Flow

The absence of positive operating and free cash flow in the most recent year is concerning. The company's free cash flow growth has been inconsistent, and the lack of operating cash flow in 2024 raises questions about cash generation capabilities. The cash flow from operations was positive in prior years, suggesting potential for recovery.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	317.76M	270.28M	330.25M	347.22M	315.42M
Gross Profit	79.45M	70.75M	71.54M	73.49M	80.82M
EBITDA	13.20M	15.53M	-5.09M	27.90M	45.33M
Net Income	-6.37M	-10.92M	-22.79M	4.71M	12.34M
Balance Sheet
Total Assets	656.07M	632.55M	627.64M	667.65M	571.75M
Cash, Cash Equivalents and Short-Term Investments	31.49M	28.67M	21.51M	36.63M	14.45M
Total Debt	211.41M	211.80M	219.99M	234.79M	190.84M
Total Liabilities	369.22M	337.71M	340.27M	352.56M	299.66M
Stockholders Equity	286.55M	294.84M	287.37M	315.08M	272.09M
Cash Flow
Free Cash Flow	20.76M	14.72M	7.18M	-37.37M	6.43M
Operating Cash Flow	55.54M	39.84M	17.86M	-1.10M	47.46M
Investing Cash Flow	-34.23M	-25.11M	-10.48M	-36.23M	-40.51M
Financing Cash Flow	-17.66M	-12.06M	-21.90M	59.49M	-11.07M

Golden Power Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3919, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.05, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.01 is Neutral, neither overbought nor oversold. The STOCH value of 42.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3919.

Golden Power Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8136	68 Neutral	40.00M	4.26	9.40%	―	-19.86%	-38.96%
1539	55 Neutral	1.29B	36.06	18.35%	―	69.91%	188.89%
1710	54 Neutral	216.00M	10.96	2.05%	8.33%	4.01%	―
1750	50 Neutral	90.00M	16.67	―	―	5.80%	57.89%
3919	44 Neutral	HK$33.05M	―	-2.29%	―	5.07%	-87.31%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Golden Power Group Holdings Ltd. Corporate Events

Golden Power Group Holdings Ltd. Reports Increased Revenue but Wider Loss in H1 2025

Golden Power Group Holdings Ltd. reported a slight increase in revenue for the first half of 2025, reaching approximately HK$159.20 million, up 1.05% from the previous year. However, the company experienced a larger unaudited loss of approximately HK$3.16 million, attributed to a decrease in gross profit margin due to rising raw material and production costs. The gross profit margin fell by 5.07 percentage points, influenced by global commodity price fluctuations and currency appreciation. Consequently, the board decided not to declare an interim dividend for the period.

The most recent analyst rating on (HK:3919) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Golden Power Group Holdings Ltd. stock, see the HK:3919 Stock Forecast page.

Golden Power Group Holdings Announces Upcoming Board Meeting

Golden Power Group Holdings Limited has announced a board meeting scheduled for August 19, 2025, to discuss and approve the unaudited consolidated results for the first half of 2025. The meeting will also consider the announcement of these results, the potential recommendation of an interim dividend, and other business matters. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its market positioning and stakeholder relations.

Golden Power Group Updates Nomination Committee Terms

Golden Power Group Holdings Ltd. has revised the terms of reference for its Nomination Committee, which was originally established in 2015. The updated terms, effective from July 2025, ensure compliance with the Listing Rules of the Hong Kong Stock Exchange, emphasizing the inclusion of independent non-executive directors and gender diversity among its members. This revision reflects the company’s commitment to maintaining robust governance practices and could enhance its reputation among stakeholders by aligning with regulatory standards and promoting diversity.

Golden Power Group Secures Unanimous Approval at AGM

Golden Power Group Holdings Limited, a company incorporated in the Cayman Islands, held its Annual General Meeting (AGM) on June 24, 2025, where all proposed resolutions were passed. The resolutions included the adoption of the audited financial statements for 2024, reappointment of PKF Hong Kong Limited as auditors, re-election of directors, and granting of mandates to the board for share issuance and repurchase. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

Golden Power Group Secures Shareholder Approval for Strategic Resolutions

Golden Power Group Holdings Ltd. announced that all resolutions proposed at their Extraordinary General Meeting on June 24, 2025, were passed with overwhelming support. Key resolutions included the adoption of the 2025 Share Option Scheme and approval of the Scheme Mandate Limit and Service Providers Sublimit. The successful passing of these resolutions indicates strong shareholder confidence and positions the company for strategic growth and enhanced operational flexibility.