Q P Group Holdings Limited (1412) AI Stock Analysis

Q P Group Holdings Limited

(HKEX:1412)

Select Model

Rating:73Outperform

Price Target:HKD 1.00▲(0.00% Upside)

Action:upgraded

Date:08/07/26

Strong balance sheet and attractive valuation drive the score, tempered by inconsistent revenue and negative free cash flow trends; positive technical momentum provides additional support.

Positive Factors

Conservative Balance SheetVery low leverage and a large equity base provide durable financial flexibility. This reduces insolvency risk through cycles, supports funding for capex or dividends without forcing asset sales, and gives management room to execute strategy during downturns.

Negative Factors

Volatile Free Cash FlowSharp FCF volatility undermines the company's ability to consistently fund dividends, service obligations, or invest for growth. Unreliable cash conversion suggests working-capital swings or capex timing risks that can constrain strategic execution over coming quarters.

Q P Group Holdings Limited (1412) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 532.00M
Dividend Yield: 6.00%
Average Volume (3M): 167.61K
Price to Earnings (P/E): 18.4
Beta (1Y): 0.47
Revenue Growth: -3.05%
EPS Growth: -74.60%
Country: Hong Kong
Employees: 3,302
Sector: Basic Materials
Sector Strength: 61
Industry: Paper, Lumber & Forest Products

Q P Group Holdings Limited Business Overview & Revenue Model

Company Description

Q P Group Holdings Limited functions as an investment holding company primarily involved in the production and distribution of paper-based goods. The company's operations span diverse international markets, including the People's Republic of China, t...

How the Company Makes Money

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Q P Group Holdings Limited Financial Statement Overview

Summary

Moderate income statement with fluctuating revenue and declining margins; strong balance sheet with low debt and growing equity; mixed cash flows with positive operating but negative free cash flow.

Income Statement

65Positive

Balance Sheet

80Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.17B	1.13B	1.21B	1.04B	1.28B	1.39B
Gross Profit	358.47M	390.34M	436.18M	356.09M	416.76M	430.11M
EBITDA	108.21M	149.73M	215.12M	156.93M	205.93M	191.09M
Net Income	28.89M	59.40M	129.12M	80.10M	126.84M	119.04M
Balance Sheet
Total Assets	1.20B	1.17B	1.17B	1.09B	1.18B	1.22B
Cash, Cash Equivalents and Short-Term Investments	119.40M	110.99M	254.21M	164.26M	306.42M	158.78M
Total Debt	99.75M	64.13M	54.13M	50.83M	119.18M	88.92M
Total Liabilities	308.75M	275.00M	288.65M	255.94M	336.39M	373.70M
Stockholders Equity	898.02M	897.87M	882.99M	833.65M	842.84M	846.31M
Cash Flow
Free Cash Flow	-30.03M	-66.74M	129.18M	-9.09M	201.10M	-5.98M
Operating Cash Flow	80.33M	81.47M	204.95M	112.14M	268.99M	116.23M
Investing Cash Flow	-78.55M	-88.14M	-67.04M	-194.99M	-82.00M	-112.58M
Financing Cash Flow	-106.46M	-81.03M	-43.45M	-143.60M	-47.86M	-82.93M

Q P Group Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1412 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2314	73Outperform	HKD 13.49B	5.41	7.88%	6.52%	13.69%	83.56%
HK:1412	73Outperform	HKD 532.00M	18.42	3.22%	6.00%	-3.05%	-74.60%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HK:2002	49Neutral	HKD 1.86B	11.43	2.76%	2.87%	14.95%	-15.17%
HK:2689	49Neutral	HKD 21.14B	5.03	7.96%	―	22.31%	109.79%
HK:0731	40Underperform	HKD 360.72M	-3.68	-55.61%	―	27.73%	-478.69%
HK:1812	39Underperform	HKD 4.25B	-1.06	-447.20%	―	4.20%	52.87%

* Basic Materials Sector Average

Performance Comparison

HK:1412 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1412	Q P Group Holdings Limited	1.00	-0.62	-38.35%
HK:2314	Lee & Man Paper Manufacturing	3.14	0.52	19.71%
HK:2689	Nine Dragons Paper Holdings Ltd.	4.50	-1.09	-19.55%
HK:1812	Shandong Chenming Paper Holdings Co., Ltd. Class H	0.46	-0.30	-39.47%
HK:2002	China Sunshine Paper Holdings Co. Ltd.	1.75	0.05	2.65%
HK:0731	C&D Newin Paper & Pulp Corporation Limited	0.26	0.05	21.43%

Q P Group Holdings Limited Corporate Events

Q P Group Warns of Sharp Interim Profit Drop Amid Margin Pressure

Jul 17, 2026

Q P Group Holdings Limited has issued a profit warning, stating that consolidated profit attributable to equity holders for the six months ended 30 June 2026 is expected to fall sharply to not more than HK$10.0 million from approximately HK$38.6 mill...

Q P Group Sets August Board Meeting to Review Interim Results and Dividend

Jul 13, 2026

Q P Group Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve its unaudited consolidated interim results for the six months ended 30 June 2026. The meeting will also consider the publication of these interim result...

Q P Group Shareholders Approve Dividend, Mandates and Governance Overhaul at AGM

Jun 11, 2026

Shareholders of Q P Group Holdings Limited have overwhelmingly approved all resolutions at the annual general meeting held on 11 June 2026, including the 2025 audited financial statements and a final dividend of HK5.0 cents per share. Investors also...

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: Aug 04, 2026

Q P Group Holdings Limited AI Stock Analysis