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China-Hongkong Photo Products Holdings Limited (1123) AI Stock Analysis

HK:1123

China-Hongkong Photo Products Holdings Limited

(HKEX:1123)

Select Model
Rating:60Neutral
Price Target:HKD 0.15â–²(9.35% Upside)
Action:reiterated
Date:09/06/26

Financial performance drives the score via balance sheet strength despite volatility; bullish technical momentum provides support while fair valuation adds a moderate positive.

Positive Factors
Conservative Balance SheetVery low leverage reduces balance-sheet stress and limits the burden of interest and refinancing obligations. A capital structure dominated by equity gives the company greater flexibility to withstand uneven trading conditions and preserve funding capacity for ongoing operations.
Negative Factors
Weak Revenue GrowthA flat multi-year revenue trend suggests limited expansion in customer demand, retail activity, or distribution volumes. The 2025 decline and modest recovery in 2026 also indicate that the company lacks a clear growth engine capable of consistently increasing its operating scale.

China-Hongkong Photo Products Holdings Limited (1123) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%HK:1123+16.81%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 164.76M
Dividend Yield
2.30%
Average Volume (3M)
615.81K
Price to Earnings (P/E)
21.7
Beta (1Y)
0.14
Revenue Growth
-0.27%
EPS Growth
―
Country
Hong Kong
Employees
583
Sector
Consumer Cyclical
Sector Strength
61
Industry
Leisure

China-Hongkong Photo Products Holdings Limited Business Overview & Revenue Model

Company Description

Established in 1968 and headquartered in Tsuen Wan, Hong Kong, China-Hongkong Photo Products Holdings Limited, a subsidiary of Searich Group Limited, primarily focuses on the marketing and distribution of photographic developing, processing, and prin...

How the Company Makes Money

The company primarily makes money by selling products and services to consumers through its retail and service network. Key revenue streams include: (1) retail sales of imaging-related products (e.g., cameras and related accessories) where revenue is...

China-Hongkong Photo Products Holdings Limited Financial Statement Overview

Summary

Balance sheet stability with low debt-to-equity supports resilience, offsetting inconsistent revenue growth and volatile profitability and cash flows.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue998.09M998.09M1.00B1.10B1.08B1.02B
Gross Profit259.22M259.22M255.65M279.14M265.80M221.84M
EBITDA77.68M77.68M66.99M90.78M104.94M83.28M
Net Income7.58M7.58M-2.32M29.76M40.81M18.11M
Balance Sheet
Total Assets889.07M889.07M892.33M941.61M913.41M887.69M
Cash, Cash Equivalents and Short-Term Investments215.52M215.52M238.81M244.28M235.92M229.23M
Total Debt59.61M59.61M66.79M68.69M55.01M66.75M
Total Liabilities205.28M205.28M217.62M252.79M234.70M236.65M
Stockholders Equity684.22M684.22M674.89M688.95M677.62M651.82M
Cash Flow
Free Cash Flow25.23M25.23M51.44M68.86M62.83M6.73M
Operating Cash Flow38.10M38.10M70.61M93.33M77.89M16.02M
Investing Cash Flow-11.22M-11.22M-17.81M-44.55M-12.10M19.33M
Financing Cash Flow-49.18M-49.18M-62.24M-63.32M-57.11M-62.42M

China-Hongkong Photo Products Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.14

Price Trends

50DMA0.14Positive
100DMA0.12Positive
200DMA0.12Positive

Market Momentum

MACD0.00Positive
RSI63.27Neutral
STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1123, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 63.27 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1123.

China-Hongkong Photo Products Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1123 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:9992HK:999284OutperformHKD 177.66B11.2357.49%2.00%86.78%101.48%
HK:0869HK:086964NeutralHKD 540.86M-75.00-0.68%14.58%-23.66%-152.03%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:1123HK:112360NeutralHKD 164.76M21.721.11%2.30%-0.27%―
HK:3830HK:383047NeutralHKD 175.00M-28.23-36.67%―1.90%11.43%
HK:0180HK:018040UnderperformHKD 215.78M-0.91-14.23%―4.04%-16.43%
HK:6918HK:691839UnderperformHKD 80.44M-0.38-69.53%―16.96%-94.77%

* Consumer Cyclical Sector Average

Performance Comparison

0%100%200%300%HK:1123HK:0869HK:0180HK:9992HK:3830HK:6918Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1123 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1123China-Hongkong Photo Products Holdings Limited0.140.0216.81%
HK:0869Playmates Toys 0.48-0.06-11.11%
HK:0180Kader Holdings Co. Ltd.0.230.028.10%
HK:9992Pop Mart International Group Limited136.50-77.11-36.10%
HK:3830Kiddieland International Ltd.0.170.12212.50%
HK:6918Kidztech Holdings Ltd.0.08-0.12-61.31%

China-Hongkong Photo Products Holdings Limited Corporate Events

China-Hongkong Photo Products Sets Out Board and Committee Structure

Aug 7, 2026

China-Hongkong Photo Products Holdings Limited has detailed the composition of its board of directors, which includes executive, non-executive and independent non-executive members, underscoring a governance model aligned with Hong Kong listing norms...

China-Hongkong Photo Products Wins Full AGM Support and Announces Board Change

Aug 7, 2026

Shareholders of China-Hongkong Photo Products Holdings Limited unanimously approved all resolutions at the 7 August 2026 annual general meeting, including the receipt of audited accounts for the year to 31 March 2026 and a final dividend of 0.32 Hong...

China-Hongkong Photo Sets AGM to Approve Dividend, Board Changes and Share Buyback Mandate

Jul 9, 2026

China-Hongkong Photo Products Holdings Limited has convened its annual general meeting for 7 August 2026 in Tsuen Wan, Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and consid...

China-Hongkong Photo Products Proposes Veteran Accountant as New Independent Director

Jul 9, 2026

China-Hongkong Photo Products Holdings Limited plans to nominate accounting veteran Mr. Chow Shiu Hay Antonio as an independent non-executive director at its upcoming annual general meeting and, subject to shareholder approval, appoint him to the aud...

China-Hongkong Photo Products Declares Final Cash Dividend for FY2025–26

Jun 23, 2026

China-Hongkong Photo Products Holdings Limited has proposed a final ordinary cash dividend of HKD 0.0032 per share for the financial year ended 31 March 2026, subject to shareholder approval at a meeting scheduled for 7 August 2026. The dividend, pay...

China-Hongkong Photo Returns to Profit and Resumes Dividend on Stable Revenue

Jun 23, 2026

China-Hongkong Photo Products Holdings Limited reported that group revenue was broadly stable at HK$998 million for the year ended 31 March 2026, edging down 0.3% while gross profit improved, reflecting tighter cost control across its imaging and pho...

China-Hongkong Photo Schedules Board Meeting to Approve 2026 Final Results

Jun 8, 2026

China-Hongkong Photo Products Holdings Limited has scheduled a board meeting for 23 June 2026 to review and approve the Group’s audited financial results for the year ended 31 March 2026. The board will also consider whether to recommend a fina...

China-Hongkong Photo Projects Return to Profit on Cost Cuts and Margin Gains

Jun 8, 2026

China-Hongkong Photo Products Holdings Limited expects to return to profitability for the year ended 31 March 2026, projecting net profit of HK$5 million to HK$9 million versus a loss of about HK$2.3 million a year earlier. The turnaround is driven b...

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 06, 2026