Hung Hing Printing Group Limited (0450) AI Stock Analysis

• Market Cap: €936.90M
• Dividend Yield: 14.1%
• Average Volume (3M): 191.13K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 0.05
• Revenue Growth: -8.05%
• EPS Growth: -131.89%
• Country: HK
• Employees: 4,966
• Sector: Industrials
• Sector Strength: 90
• Industry: Specialty Business Services
• EPS (TTM): -0.05
• Shares Outstanding: 907,865,000
• 10 Day Avg. Volume: 209,600
• 30 Day Avg. Volume: 191,133
• PEG Ratio: 0.12
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.62
• 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

• Rating: 51 Neutral
• Price Target: HK$1.00 ▼( -2.91% Downside)

Hung Hing Printing Group Limited faces significant financial challenges with declining revenue and profitability, and negative cash flows. Despite a strong equity base, these issues raise concerns about the company's financial health. Technical indicators show some short-term bullish momentum, and the high dividend yield may attract some investors, but the negative P/E ratio highlights ongoing profitability concerns.

Hung Hing Printing Group Limited Business Overview & Revenue Model

Company Description

Hung Hing Printing Group Limited, established in 1950 and headquartered in Hong Kong, is a prominent player in the printing industry. The company specializes in providing integrated printing services across various sectors, including book printing, packaging printing, and consumer product printing. It operates through a network of production facilities in China and offers a diverse range of products such as books, packaging materials, and paper products, catering to both local and international markets.

How the Company Makes Money

Hung Hing Printing Group Limited generates revenue primarily through its comprehensive range of printing services. The company's key revenue streams include book printing, which involves the production of educational and entertainment books; packaging printing, which provides solutions for consumer goods, luxury products, and food packaging; and consumer product printing, focusing on items like calendars and greeting cards. Hung Hing benefits from long-standing partnerships with major publishers and multinational companies, which contribute significantly to its earnings. Additionally, its strategic locations in China enable cost-effective production and distribution, enhancing its competitive edge in the global market.

Hung Hing Printing Group Limited Financial Statement Overview

Summary

Hung Hing Printing Group Limited is facing notable challenges, with declining revenue and profitability, alongside negative cash flows. While the company maintains a strong equity position with low leverage, the recent lack of profitability and cash flow generation poses significant risks. Strategic improvements in operational efficiency and revenue growth are needed to enhance financial health and stability.

Income Statement

The company has experienced a decline in revenue from HK$2.39 billion in 2023 to HK$2.19 billion in 2024, indicating a -8.05% revenue growth rate. Notably, the gross profit margin decreased from 16.29% in 2023 to 13.97% in 2024, while the net profit margin turned negative at -1.98% in 2024 from 5.66% in 2023. Both EBIT and EBITDA margins have declined, with EBIT margin becoming negative. These factors suggest challenges in maintaining profitability and revenue growth.

Balance Sheet

The company maintains a strong equity base with minimal debt, as reflected by a low debt-to-equity ratio of approximately 0.04 in 2024. The equity ratio remains robust at 82.75%, indicating financial stability. However, the return on equity has turned negative at -1.53%, reflecting recent profitability challenges.

Cash Flow

The cash flow statement reveals a concerning trend with operating and free cash flows at zero in 2024, compared to positive free cash flow in 2023. This suggests significant operational challenges. The lack of cash flow metrics, such as the operating cash flow to net income ratio, further indicates potential liquidity issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.19B	2.39B	2.95B	3.53B	2.55B
	Gross Profit
306.51M	388.91M	419.85M	478.19M	423.17M
	EBIT
-34.95M	177.21M	25.02M	71.67M	54.17M
	EBITDA
96.96M	301.63M	211.54M	200.89M	251.04M
	Net Income Common Stockholders
-43.36M	135.16M	66.04M	51.95M	109.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
975.48M	1.12B	1.25B	1.07B	1.36B
	Total Assets
3.44B	3.81B	3.99B	4.30B	4.14B
	Total Debt
101.61M	165.06M	229.60M	200.60M	130.41M
	Net Debt
-615.68M	-645.63M	-812.93M	-484.75M	-778.38M
	Total Liabilities
476.96M	636.06M	795.10M	957.81M	752.04M
	Stockholders Equity
2.84B	3.05B	3.05B	3.19B	3.24B
Cash Flow		Free Cash Flow
29.47M	13.71M	285.98M	-338.21M	156.27M
	Operating Cash Flow
88.04M	277.57M	455.95M	-161.56M	270.61M
	Investing Cash Flow
36.49M	-240.51M	-3.28M	7.07M	-279.03M
	Financing Cash Flow
-201.87M	-208.51M	-135.01M	-66.99M	-121.11M

Hung Hing Printing Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0450, the sentiment is Positive. The current price of 1.03 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.00, and above the 200-day MA of 1.00, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.27 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0450.

Hung Hing Printing Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1882	82 Outperform	HK$30.90B	9.25	15.54%	3.77%	21.08%	21.27%
2314	68 Neutral	HK$9.15B	6.97	4.75%	5.62%	4.24%	25.30%
2382	65 Neutral	$69.14B	23.53	11.45%	0.34%	18.80%	142.93%
Sector *	64 Neutral	$4.39B	11.81	5.17%	249.38%	3.98%	-12.17%
0450	51 Neutral	€936.90M	18.32	-1.46%	14.10%	-8.05%	-131.89%
2160	49 Neutral	HK$2.00B	―	-2.19%	―	5.32%	89.43%
2689	48 Neutral	$14.55B	14.32	2.05%	―	9.33%	―

Hung Hing Printing Group Limited Corporate Events

Hung Hing Printing Group Announces 2025 AGM and Key Resolutions

Hung Hing Printing Group Limited has announced its Annual General Meeting to be held on May 27, 2025. The meeting will address several key resolutions, including the approval of audited financial statements, declaration of dividends, re-election and appointment of directors, and re-appointment of auditors. Additionally, the company seeks approval to allot and issue shares, with specific conditions outlined for the exercise of these powers. This announcement is significant for stakeholders as it outlines the company’s strategic decisions and governance practices for the upcoming year.

Hung Hing Printing Group Reports Financial Loss in 2024

Hung Hing Printing Group Limited reported a significant financial downturn for the year ended December 31, 2024, with a net loss of HK$51.8 million compared to a profit of HK$131.3 million in the previous year. This decline is attributed to decreased revenue and increased losses from associates, impacting the company’s overall financial health and market positioning.

Hung Hing Printing Group Declares Final Dividend for 2024

Hung Hing Printing Group Limited announced a final ordinary cash dividend of HKD 0.04 per share for the financial year ending December 31, 2024. The dividend will be paid on June 20, 2025, with an ex-dividend date of May 29, 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.

Hung Hing Printing Group Limited Declares Special Dividend for 2024

Hung Hing Printing Group Limited has announced a special dividend of HKD 0.05 per share for the financial year ended 31 December 2024. This announcement reflects the company’s financial health and commitment to returning value to its shareholders, potentially enhancing its attractiveness to investors.

Hung Hing Printing Group Schedules Board Meeting to Approve Year-End Results

Hung Hing Printing Group Limited has announced that its board of directors will meet on March 25, 2025, to approve the company’s final results for the year ending December 31, 2024, and to consider the recommendation of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential returns for stakeholders.