Reported Earnings • Nov 28
First half 2026 earnings released: EPS: HK$0.007 (vs HK$0.006 in 1H 2025) First half 2026 results: EPS: HK$0.007 (up from HK$0.006 in 1H 2025). Revenue: HK$505.6m (down 5.6% from 1H 2025). Net income: HK$8.69m (up 22% from 1H 2025). Profit margin: 1.7% (up from 1.3% in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Nov 27
New major risk - Revenue and earnings growth Earnings have declined by 8.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$137.5m market cap, or US$17.7m). Announcement • Nov 14
China-Hongkong Photo Products Holdings Limited to Report First Half, 2026 Results on Nov 26, 2025 China-Hongkong Photo Products Holdings Limited announced that they will report first half, 2026 results on Nov 26, 2025 Board Change • Nov 07
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director William Wayne Lau was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jun 25
Full year 2025 earnings released: HK$0.002 loss per share (vs HK$0.025 profit in FY 2024) Full year 2025 results: HK$0.002 loss per share (down from HK$0.025 profit in FY 2024). Revenue: HK$1.00b (down 9.2% from FY 2024). Net loss: HK$2.32m (down 108% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 10
China-Hongkong Photo Products Holdings Limited to Report Fiscal Year 2025 Results on Jun 24, 2025 China-Hongkong Photo Products Holdings Limited announced that they will report fiscal year 2025 results on Jun 24, 2025 Board Change • Apr 23
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director William Wayne Lau was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 28
First half 2025 earnings released: EPS: HK$0.006 (vs HK$0.024 in 1H 2024) First half 2025 results: EPS: HK$0.006 (down from HK$0.024 in 1H 2024). Revenue: HK$535.5m (down 7.5% from 1H 2024). Net income: HK$7.14m (down 75% from 1H 2024). Profit margin: 1.3% (down from 5.0% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Nov 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.8% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (HK$132.8m market cap, or US$17.1m). Upcoming Dividend • Aug 06
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 13 August 2024. Payment date: 11 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 8.1%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (3.5%). Announcement • Jul 11
China-Hongkong Photo Products Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on September 11, 2024 China-Hongkong Photo Products Holdings Limited at its AGM to be held on August 9, 2024, proposed to declare a final dividend of 1 Hong Kong cent per ordinary share for the year ended 31 March 202, payable on September 11, 2024. For determining the entitlement to the proposed final dividend (subject to approval by the shareholders at the Annual General Meeting), the Register of Members of the Company will be closed from 15 August 2024 to 16 August 2024, both dates inclusive, during which period no transfer of shares will be registered. In order to qualify for the proposed final dividend, unregistered holders of shares of the Company shall ensure that all transfer documents accompanied by the relevant share certificates must be lodged with the Company's branch share registrar in Hong Kong, Tricor Tengis Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong for registration not later than 14 August 2024. Buy Or Sell Opportunity • Jul 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to HK$0.14. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 25%. Announcement • Jun 26
China-Hongkong Photo Products Holdings Limited, Annual General Meeting, Aug 09, 2024 China-Hongkong Photo Products Holdings Limited, Annual General Meeting, Aug 09, 2024. Buy Or Sell Opportunity • Jun 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to HK$0.14. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 179%. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: HK$2.51 (vs HK$0.034 in FY 2023) Full year 2024 results: EPS: HK$2.51. Revenue: HK$1.10b (up 2.1% from FY 2023). Net income: HK$29.8m (down 27% from FY 2023). Profit margin: 2.7% (down from 3.8% in FY 2023). Announcement • Jun 13
China-Hongkong Photo Products Holdings Limited to Report Fiscal Year 2024 Results on Jun 25, 2024 China-Hongkong Photo Products Holdings Limited announced that they will report fiscal year 2024 results on Jun 25, 2024 Buy Or Sell Opportunity • Apr 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to HK$0.14. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.2% to HK$0.14. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 30
First half 2024 earnings released: EPS: HK$0.024 (vs HK$0.01 in 1H 2023) First half 2024 results: EPS: HK$0.024 (up from HK$0.01 in 1H 2023). Revenue: HK$579.1m (up 7.7% from 1H 2023). Net income: HK$28.7m (up 135% from 1H 2023). Profit margin: 5.0% (up from 2.3% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Nov 21
China-Hongkong Photo Products Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 30 September 2023 China-Hongkong Photo Products Holdings Limited provided group earnings guidance for the six months ended 30 September 2023. The group expects to achieve a net profit attributable to the Shareholders in a range of HKD 27 million to HKD 32 million for the six months ended 30 September 2023 (the current period) as compared to a net profit attributable to the Shareholders of approximately HKD 12 million for the corresponding period ended 30 September 2022. Announcement • Nov 17
China-Hongkong Photo Products Holdings Limited to Report First Half, 2024 Results on Nov 29, 2023 China-Hongkong Photo Products Holdings Limited announced that they will report first half, 2024 results on Nov 29, 2023 Upcoming Dividend • Aug 08
Upcoming dividend of HK$0.015 per share at 6.9% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (4.8%). New Risk • Jun 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 53% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (HK$179.0m market cap, or US$22.8m). Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: HK$0.034 (vs HK$0.015 in FY 2022) Full year 2023 results: EPS: HK$0.034 (up from HK$0.015 in FY 2022). Revenue: HK$1.08b (up 6.3% from FY 2022). Net income: HK$40.8m (up 125% from FY 2022). Profit margin: 3.8% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (HK$165.9m market cap, or US$21.2m). Announcement • Jun 14
China-Hongkong Photo Products Holdings Limited to Report Fiscal Year 2023 Results on Jun 27, 2023 China-Hongkong Photo Products Holdings Limited announced that they will report fiscal year 2023 results on Jun 27, 2023 Reported Earnings • Nov 26
First half 2023 earnings released: EPS: HK$0.01 (vs HK$0.003 in 1H 2022) First half 2023 results: EPS: HK$0.01 (up from HK$0.003 in 1H 2022). Revenue: HK$537.6m (up 13% from 1H 2022). Net income: HK$12.2m (up 308% from 1H 2022). Profit margin: 2.3% (up from 0.6% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Allan Liu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 15
China-Hongkong Photo Products Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 30 September 2022 The board of directors of China-Hongkong Photo Products Holdings Limited announced that based on its preliminary assessment of the unaudited management accounts of the Group and information currently available to the Board, the Group is expected to achieve a net profit attributable to the Shareholders in a range of HKD 11 million to HKD 13 million for the six months ended 30 September 2022 (the "Period") as compared to a net profit attributable to the Shareholders of approximately HKD 3 million for the corresponding period ended 30 September 2021. Announcement • Nov 12
China-Hongkong Photo Products Holdings Limited to Report First Half, 2023 Results on Nov 25, 2022 China-Hongkong Photo Products Holdings Limited announced that they will report first half, 2023 results on Nov 25, 2022 Announcement • Aug 13
China-Hongkong Photo Products Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022 China-Hongkong Photo Products Holdings Limited announced that at the annual general meeting held on August 12, 2022, approved final dividend of 1 HK cent per ordinary share for the year ended 31 March 2022. Upcoming Dividend • Aug 09
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Lower than top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (4.4%). Announcement • Jul 15
China-Hongkong Photo Products Holdings Limited, Annual General Meeting, Aug 12, 2022 China-Hongkong Photo Products Holdings Limited, Annual General Meeting, Aug 12, 2022, at 10:00 China Standard Time. Location: 8th Floor, Tsuen Wan Industrial Centre, 220-248 Texaco Road Tsuen Wan Hong Kong Agenda: To receive the audited consolidated financial statements of the Company and the reports of the Directors and auditors for the year ended 31 March 2022; to declare a final dividend of 1 HK cent per ordinary share for the year ended 31 March 2022; to re-elect Mr. Sun Tao Hung Stanley as an Executive Director; to re-elect Ms. Chan Wai Kwan Rita as an Executive Director; to re-elect Mr. Li Ka Fai David as an Independent Non-executive Director; to authorize the Board of Directors to appoint additional Directors not exceeding twenty; to authorize the Board of Directors to fix the respective Directors' remuneration; to re-appoint PricewaterhouseCoopers as auditors and to authorize the Board of Directors to fix their remuneration; and to transact other matters. Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: HK$0.015 (vs HK$0.028 in FY 2021) Full year 2022 results: EPS: HK$0.015 (down from HK$0.028 in FY 2021). Revenue: HK$1.02b (up 11% from FY 2021). Net income: HK$18.1m (down 46% from FY 2021). Profit margin: 1.8% (down from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jun 29
China-Hongkong Photo Products Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2022, Payable on 07 September 2022 China-Hongkong Photo Products Holdings Limited proposed final dividend of HKD 0.01 per share for the year ended 31 March 2022, payable on 07 September 2022, to the shareholders recorded on 19 August 2022 and Ex-dividend date 16 August 2022, Date of shareholders' approval 12 August 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Allan Liu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.003 (down from HK$0.016 in 1H 2021). Revenue: HK$475.9m (up 5.3% from 1H 2021). Net income: HK$3.00m (down 84% from 1H 2021). Profit margin: 0.6% (down from 4.1% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 10
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 08 September 2021. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (3.2%). Reported Earnings • Jul 16
Full year 2021 earnings released: EPS HK$0.028 (vs HK$0.025 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$916.8m (up 4.1% from FY 2020). Net income: HK$33.6m (up HK$62.7m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS HK$0.028 (vs HK$0.025 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$916.8m (up 4.1% from FY 2020). Net income: HK$33.6m (up HK$62.7m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year. Announcement • Jun 05
China-Hongkong Photo Products Holdings Limited Announces Earnings Guidance for the Year Ended March 31, 2021 China-Hongkong Photo Products Holdings Limited announced earnings guidance for the year ended 31 March 2021. For the year, the Group is expected to achieve a profit attributable to the owners of the Company between HKD 31 million and HKD 36 million for the year ended 31 March 2021 (the "Year") as compared to a loss of approximately HKD 29 million for the corresponding year ended 31 March 2020 (the "Previous Year"). Reported Earnings • Dec 17
First half 2021 earnings released: EPS HK$0.016 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$452.0m (down 5.1% from 1H 2020). Net income: HK$18.7m (up HK$20.7m from 1H 2020). Profit margin: 4.1% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 30
First half 2021 earnings released: EPS HK$0.016 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$452.0m (down 5.1% from 1H 2020). Net income: HK$18.7m (up HK$20.7m from 1H 2020). Profit margin: 4.1% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Nov 18
China-Hongkong Photo Products Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020 China-Hongkong Photo Products Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020