Millennium Pacific Group Holdings Ltd (8147) AI Stock Analysis

• Market Cap: HK$145.06M
• Dividend Yield: N/A
• Average Volume (3M): 546.56K
• Price to Earnings (P/E): 28.6
• Beta (1Y): 0.30
• 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: 41 Neutral
• Price Target: HK$0.65 ▼(-18.88% Downside)

The score is driven down primarily by weak financial quality—especially the drop in operating cash flow to zero and balance-sheet leverage concerns—despite improved profitability. Technical signals are mixed with negative MACD and only neutral RSI, and valuation looks relatively high given the P/E and no stated dividend yield.

Positive Factors

Improving Profitability

Material margin improvement indicates the company is earning more per unit sold through better pricing, mix or cost control. Sustained higher gross and net margins support durable earnings power, provide buffer against input cost shocks and enable reinvestment if maintained.

Revenue Growth Trend

Consistent top‑line growth shows continued demand and market penetration across product lines. Durable revenue expansion supports scale benefits, operational leverage and improves the odds of longer‑term margin recovery if management sustains sales channels and customer relationships.

Diversified Business Model

Multiple product sectors and sales channels reduce reliance on any single market or customer, lowering concentration risk. Contract manufacturing and brand partnerships expand addressable market and provide structural resilience to industry cycles over the medium term.

Negative Factors

Weak Balance Sheet / Low Equity

Persistent low equity and a history of negative equity leave limited loss absorption and constrain financing flexibility. High leverage raises refinancing and solvency risk, which can hamper capital expenditure, strategic initiatives and resilience through economic stress.

Deteriorating Cash Generation

The collapse in operating and free cash flow shows difficulty converting profits into cash, undermining self‑funding of operations and growth. Over months, weak cash conversion increases reliance on external funding and limits ability to invest or absorb shocks.

Operational Margin Volatility

Fluctuating operating margins indicate inconsistent cost control or exposure to volatile input/market conditions. Persistent margin volatility complicates forecasting, weakens sustainable profitability claims, and raises execution risk for long‑term margin expansion plans.

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

Despite improving profitability (gross margin up to 9.15% and net margin turning positive at 4.29%), the company shows elevated financial risk from weak balance-sheet stability (low equity ratio and prior negative equity) and deteriorating cash generation (operating cash flow fell to zero and free cash flow declined).

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: Neutral
• Last Price: 0.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8147, the sentiment is Neutral. The current price of 0.8 is above the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.81, and above the 200-day MA of 0.53, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.21 is Neutral, neither overbought nor oversold. The STOCH value of 96.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
0110	47 Neutral	HK$56.80M	-3.35	-216.50%	―	-35.77%	-1.06%
1143	45 Neutral	HK$87.47M	-20.21	-0.82%	―	-25.16%	-160.31%
8147	41 Neutral	HK$145.06M	28.63	―	―	21.86%	―
0328	40 Underperform	HK$59.57M	-0.45	―	―	-0.76%	93.44%