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Hop Fung Group Holdings Limited (2320) AI Stock Analysis

HK:2320

Hop Fung Group Holdings Limited

(HKEX:2320)

Select Model
Rating:46Neutral
Price Target:HKD 0.17â–¼(-8.02% Downside)
Action:upgraded
Date:10/13/26

The score is held down primarily by weak financial performance, including sustained losses, shrinking revenue, and recent cash burn. Technicals provide partial support with the price trading above major moving averages and moderate momentum readings, but valuation is limited by negative earnings and the absence of a provided dividend yield.

Positive Factors
Conservative LeverageThe company’s consistently low debt-to-equity ratio provides some balance-sheet resilience while operations remain under pressure. Limited leverage reduces interest and refinancing burdens, preserves financial flexibility, and may give management more time to address the underlying profitability deterioration.
Negative Factors
Persistent Net LossesPersistent annual losses indicate that the current business model is not producing sustainable profitability. The sharp deterioration in 2025 net margin further suggests that losses are deepening rather than stabilizing, which can erode equity, restrict reinvestment capacity, and reduce financial resilience over the next several quarters.

Hop Fung Group Holdings Limited (2320) vs. iShares MSCI Hong Kong ETF (EWH)

-50%0%50%100%150%200%250%HK:2320+120.00%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 152.90M
Dividend Yield
―
Average Volume (3M)
2.74M
Price to Earnings (P/E)
-1.7
Beta (1Y)
-0.06
Revenue Growth
-46.64%
EPS Growth
-1.27%
Country
Hong Kong
Employees
187
Sector
Consumer Cyclical
Sector Strength
61
Industry
Packaging & Containers

Hop Fung Group Holdings Limited Business Overview & Revenue Model

Company Description

Hop Fung Group Holdings Limited, an investment holding company, engages in the manufacture, trade, and sale of containerboard and corrugated packaging products in the People's Republic of China. It operates through Containerboard and Corrugated Packa...

Hop Fung Group Holdings Limited Financial Statement Overview

Summary

Overall fundamentals are very weak: persistent net losses (2021–2025), deteriorating net margin (about -68% in 2025), and shrinking revenue (about -24% in 2025). Cash flow is also pressured with negative operating and free cash flow in 2023–2025. The main positive is relatively low leverage (debt-to-equity about 0.14 in 2025), which offers some balance-sheet resilience, but continued losses are eroding the asset/equity base.

Income Statement

18Very Negative

Balance Sheet

58Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue92.22M131.45M211.52M224.36M424.41M755.60M
Gross Profit6.97M-38.85M17.77M13.93M7.40M-371.51M
EBITDA5.80M-24.77M-38.27M-41.44M-114.17M-375.47M
Net Income-91.07M-89.74M-95.23M-100.80M-192.72M-422.79M
Balance Sheet
Total Assets823.45M832.09M908.38M1.02B1.19B1.64B
Cash, Cash Equivalents and Short-Term Investments11.67M11.54M34.14M47.27M110.80M246.68M
Total Debt97.37M93.11M92.51M73.77M98.41M236.94M
Total Liabilities168.14M168.74M180.42M177.53M229.19M393.87M
Stockholders Equity655.31M663.36M727.96M842.89M961.91M1.25B
Cash Flow
Free Cash Flow-14.59M-23.49M-29.50M-40.87M-3.64M28.56M
Operating Cash Flow-13.88M-22.58M-26.33M-32.14M374.00K65.01M
Investing Cash Flow-413.00K-622.00K-3.11M-5.20M-1.58M-32.51M
Financing Cash Flow5.42M3.34M16.06M-26.33M-132.24M-81.26M

Hop Fung Group Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.19

Price Trends

50DMA0.21Negative
100DMA0.17Positive
200DMA0.12Positive

Market Momentum

MACD-0.01Negative
RSI47.64Neutral
STOCH55.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2320, the sentiment is Positive. The current price of 0.19 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.21, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.64 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2320.

Hop Fung Group Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:2320 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1451HK:145176OutperformHKD 269.81M78.111.76%22.73%-55.38%-92.73%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:6898HK:689855NeutralHKD 692.21M28.5712.61%0.56%19.35%53.85%
HK:2320HK:232046NeutralHKD 152.90M-1.68-13.81%―-46.64%-1.27%
HK:1820HK:182045NeutralHKD 841.77M-20.91-7.47%2.86%3.70%-24.49%
HK:8291HK:829145NeutralHKD 46.08M8.81-1.85%―50.21%-74.97%

* Consumer Cyclical Sector Average

Performance Comparison

0%100%200%HK:2320HK:0468HK:1451HK:1820HK:6898HK:8291Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2320 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2320Hop Fung Group Holdings Limited0.190.10120.00%
HK:0468Greatview Aseptic Packaging Company 2.500.000.00%
HK:1451MS Group Holdings Ltd.1.320.4755.29%
HK:1820Pacific Millennium Packaging Group Corp.2.800.6530.11%
HK:6898China Aluminum Cans Holdings Ltd.0.72-0.01-0.69%
HK:8291Wan Cheng Metal Packaging Company Limited0.22-0.01-2.26%

Hop Fung Group Holdings Limited Corporate Events

Hop Fung’s Interim Revenue Plunges as Losses Persist and Leverage Ticks Higher

Aug 31, 2026

Hop Fung Group Holdings Limited reported a sharp decline in interim revenue to HK$29.9 million for the six months ended 30 June 2026, down 56.7% from a year earlier, as weaker sales compressed gross profit to HK$2.1 million. Despite slightly lower EB...

Hop Fung Group Schedules Board Meeting to Review Interim Results and Dividend

Aug 17, 2026

Hop Fung Group Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, if any, a...

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: Oct 13, 2026