Millennium Pacific Group Holdings Ltd (8147) AI Stock Analysis

• Market Cap: HK$102.58M
• Dividend Yield: N/A
• Average Volume (3M): 546.56K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.20
• Revenue Growth: 21.86%
• EPS Growth: N/A
• Country: HK
• Employees: 17
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): N/A
• Shares Outstanding: 207,229,600
• 10 Day Avg. Volume: 584,920
• 30 Day Avg. Volume: 546,560
• PEG Ratio: -0.12
• Price to Book (P/B): 12.07
• Price to Sales (P/S): 0.57
• P/FCF Ratio: -5.95
• 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: 44 Neutral
• Price Target: HK$0.59 ▼(-26.00% Downside)

The score is held down primarily by weak financial quality—high leverage/low equity and deteriorating cash generation—despite improved profitability. Technicals are also bearish with the stock trading below major moving averages and negative MACD, while valuation is only moderately supportive given the P/E and lack of dividend data.

Positive Factors

Revenue Growth

Consistent revenue growth (9.61% YoY in 2024) indicates expanding demand across its consumer goods mix. Durable top-line expansion supports better absorption of fixed costs, scale benefits in manufacturing/trading, and provides a platform for sustained margin improvement if market position holds.

Improving Profitability

Material improvement in gross and net margins suggests better pricing, product mix, or cost controls. Sustained margin recovery increases internal funding for reinvestment and debt service, strengthening long‑term earnings resilience and reducing reliance on external financing if maintained.

Diversified Business Model

A diversified revenue model across retail, distribution, e‑commerce and contract manufacturing reduces single‑customer and sector concentration risk. Multiple channels and partnerships support more stable cash flows and provide strategic optionality for international expansion over the medium term.

Negative Factors

Weak Balance Sheet

Very low equity ratio and historical negative equity indicate high leverage and a thin capital buffer. Structurally weak net worth raises refinancing and solvency risk, limits borrowing capacity for growth, and makes the company more vulnerable to prolonged industry or demand shocks.

Poor Cash Generation

A collapse in operating cash flow and materially lower free cash flow signals weak cash conversion despite profitable results. This structural cash generation shortfall constrains reinvestment, debt repayment and working capital, increasing reliance on external funding and operational risk.

Margin Volatility

Persistent EBIT/EBITDA margin volatility points to inconsistent operational execution or exposure to input cost and pricing swings. Such variability undermines predictability of earnings, complicates strategic planning and makes sustaining recent margin improvements more uncertain over the medium term.

Millennium Pacific Group Holdings Ltd Business Overview & Revenue Model

Company Description

Millennium Pacific Group Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of consumer electronic devices in the People's Republic of China and Hong Kong. The company offers fitness bracelets, GPS personal navigation devices, mobile internet devices, and TV set-top boxes. It is also involved in the trading of electronic devices; and development and sale of software applications. In addition, the company provides design, prototyping/sampling, manufacturing, assembling, and packaging services to customers' products. The company was founded in 2004 and is headquartered in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Millennium Pacific Group Holdings Ltd generates revenue through multiple key streams, primarily from the sale of its manufactured consumer goods in various sectors. The company's revenue model includes direct sales to retailers and distributors, as well as potential e-commerce channels. Significant partnerships with established brands and retailers enhance its distribution capabilities and market reach. Additionally, the company may engage in contract manufacturing, allowing it to produce goods for other businesses, thereby diversifying its income sources. The focus on innovation and quality also contributes to higher margins on its products, further bolstering its earnings.

Millennium Pacific Group Holdings Ltd Financial Statement Overview

Summary

The company shows improvement in profitability with better margins and revenue growth. However, high debt levels, negative equity positions, and volatile cash flows pose significant financial risks.

Income Statement

The company shows an improvement in profitability with a gross profit margin of 9.15% for 2024 compared to 6.14% in 2023. Net profit margin improved significantly to 4.29% from a negative margin in the previous year. The revenue growth rate was modest at 9.61% from 2023 to 2024. However, historical volatility in EBIT and EBITDA margins poses a concern, reflecting operational challenges.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio due to negative equity positions in recent years, indicating potential financial risk. The equity ratio improved to 6.1% in 2024, but remains low, suggesting limited financial stability. Return on equity (ROE) is not meaningful due to previous negative equity values. Overall, the company faces challenges in financial leverage and stability.

Cash Flow

The cash flow statement reveals inconsistency, with operating cash flow dropping to zero in 2024 from $7.19M in 2023. Free cash flow also decreased significantly, indicating potential cash management issues. The lack of positive cash flow ratios implies difficulties in converting profits into cash, which could affect future operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	76.96M	67.36M	61.46M	65.65M	82.53M	119.34M
Gross Profit	7.48M	6.16M	3.77M	3.25M	4.01M	4.08M
EBITDA	362.00K	3.97M	-1.81M	-9.90M	-16.54M	-9.67M
Net Income	3.71M	2.89M	-17.33M	-18.38M	-22.59M	-14.88M
Balance Sheet
Total Assets	56.82M	51.84M	36.39M	38.72M	97.06M	78.88M
Cash, Cash Equivalents and Short-Term Investments	133.00K	4.66M	1.86M	1.66M	2.61M	1.26M
Total Debt	7.30M	13.71M	15.30M	22.65M	23.02M	24.40M
Total Liabilities	47.67M	48.01M	50.29M	37.64M	73.72M	36.56M
Stockholders Equity	8.38M	3.16M	-12.40M	1.61M	20.76M	40.33M
Cash Flow
Free Cash Flow	-9.97M	-6.41M	7.18M	382.00K	4.48M	-11.04M
Operating Cash Flow	-9.97M	-6.41M	7.19M	575.00K	4.48M	-11.01M
Investing Cash Flow	0.00	3.00K	45.00K	-190.00K	3.00K	-24.00K
Financing Cash Flow	0.00	9.24M	-6.98M	-1.17M	-3.14M	10.77M

Millennium Pacific Group Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8147, the sentiment is Negative. The current price of 0.8 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.92, and above the 200-day MA of 0.50, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 5.89 is Positive, neither overbought nor oversold. The STOCH value of 7.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8147.

Millennium Pacific Group Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1143	51 Neutral	HK$82.99M	-19.17	-0.82%	―	-25.16%	-160.31%
0328	47 Neutral	HK$177.56M	-1.60	―	―	-0.76%	93.44%
0110	47 Neutral	HK$55.78M	-3.29	-216.50%	―	-35.77%	-1.06%
8147	44 Neutral	HK$102.58M	19.96	―	―	21.86%	―