China-Hongkong Photo Products Holdings Limited

China-Hongkong Photo Products Holdings Limited

HHKEX:1123
0.14
HKD
0.00
(0.00%)
130.39MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.73
0.82
0.75
0.72
0.78
0.81
0.74
0.77
0.86
0.91
0.93
0.84
0.84
- -
Basic EPS, GAAP
0.01
-0.03
-0.06
-0.02
0.03
-0.04
-0.02
0.03
0.02
0.03
0.03
- -
0.01
- -
Free Cash Flow per Basic Share
-0.03
-0.05
- -
-0.01
-0.02
-0.01
0.04
0.11
0.01
0.05
0.06
0.04
0.02
- -
Dividend per Share
0.06
0.03
- -
- -
- -
- -
- -
- -
0.01
0.01
0.02
0.01
- -
- -
Book Value per Share
0.68
0.62
0.56
0.55
0.58
0.54
0.51
0.54
0.55
0.57
0.58
0.57
0.58
0.58
Tangible Book Value per Share
0.6
0.57
0.56
0.55
0.58
0.54
0.51
0.54
0.55
0.57
0.58
0.56
0.57
0.57
Basic Weighted Avg Shares
1,177
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
1,185
Sales/Revenue/Turnover
862
967
887
853
930
959
880
917
1,015
1,079
1,102
1,001
998
- -
Operating Margin (%)
-0.74
-1.33
-3.55
-4.51
-0.94
-3.61
-4.02
-1.71
-0.35
1.59
2.67
1.09
2.24
- -
Depreciation Expense
13
20
20
20
19
21
71
61
59
58
57
60
59
- -
Net Income, GAAP
15
-33
-70
-19
38
-47
-29
34
18
41
30
-2
8
- -
Effective Tax Rate (%)
25.89
- -
- -
- -
12.12
- -
- -
7.32
17.71
4.64
1.67
149.61
49.84
- -
Profit Margin (%)
1.8
-3.44
-7.95
-2.28
4.11
-4.87
-3.3
3.67
1.78
3.78
2.7
-0.23
0.76
- -
Working Capital
487
435
421
399
399
351
298
322
321
353
355
351
374
374
LT Debt
- -
- -
- -
- -
- -
- -
34
31
29
21
31
28
24
24
Total Equity
809
739
669
649
691
642
609
644
651
679
689
675
684
684
Return on Invested Capital (%)
1.95
- -
- -
- -
5.77
- -
- -
4.89
2.76
6.1
4.41
-0.47
1.16
- -
Return on Capital (%)
1.84
- -
- -
- -
5.56
- -
- -
5.43
2.95
5.73
4.16
-0.54
1.25
- -
Return on Common Equity (%)
1.87
-4.3
-10.01
-2.96
5.71
-7.02
-4.66
5.38
2.8
6.14
4.35
-0.34
1.11
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
39
36
36
LT Borrowings
- -
- -
- -
LT Finance Leases
28
30
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,185
1,185
1,185
Market Capitalization
133
154
130

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
503
539
524
Cash, Cash Equivalents & STI
239
230
216
Accounts Receivable, Net
45
51
47
Inventories
174
185
196
Total Current Liabilities
152
173
150
Payables & Accruals
- -
- -
- -
ST Debt
39
36
36
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.31%
1.23%
1.35%
Free Cash Flow
220.72%
132.64%
-59.65%
Net Income, GAAP
-132.73%
-96.56%
-427.12%
Sales/Revenue/Turnover
1.4%
1.94%
-0.27%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,102
2025
- -
- -
1,001
2026
- -
- -
998

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
- -
2026
- -
- -
0.01

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.02
2025
- -
- -
0.01
2026
- -
- -
- -

Company Description

CEO
Tao Hung Sun
Full Time Employees
564
Sector
Distribution services
Industry
Wholesale distributors
Address
Tsuen Wan Industrial Centre Hong Kong Hong Kong
IPO Date
Sep 19, 1994
Business
China-Hongkong Photo Products Holdings Limited engages primarily in the marketing, distribution, and retail of photographic developing, processing, and printing products. The company operates several business segments including Merchandise, Service, Investment, and Corporate and Others. Its Merchandise segment offers photographic merchandise such as cameras, film, optical products, and digital imaging equipment; skincare products; consumer electronic products; and household appliances. The Service segment provides technical services for photographic developing and processing products, imaging solutions, as well as professional audio-visual advisory, custom design, and installation services. The company also operates a retail chain under the Fotomax brand and retails skincare products through online platforms. Besides core businesses, it holds and invests in properties and offers installation services for household appliances. China-Hongkong Photo Products Holdings Limited operates predominantly in Hong Kong and serves both individual consumers and business customers. The company was founded in 1968 and is headquartered in Tsuen Wan, Hong Kong. It is a subsidiary of Searich Group Limited. In recent developments, China-Hongkong Photo Products Holdings has experienced a 5.6% decrease in revenue for the six months ended September 30, 2025, amounting to HK$506 million. Despite the revenue decline, profit increased, reflecting operational efficiencies or shifting product mix. In 2024, the company expanded its B-to-B commercial and professional AV products segment, notably securing a partnership with LG to become the distributor for LG LED Walls in Hong Kong starting mid-2024. This move reflects a strategic shift towards strengthening presence in professional audiovisual markets. The skincare product segment noted an 8% sales decline due to intense competition and currency depreciation, but flagship products such as Collagen Drink maintained strong sales performance. In August 2025, the company supported Fujifilm's launch of Hong Kong's first FUJIFILM HOUSE OF PHOTOGRAPHY in Tsuen Wan, enhancing consumer engagement through immersive photographic retail experiences. China-Hongkong Photo Products Holdings continues to adapt by broadening its product portfolio in audiovisual technology while maintaining its traditional strengths in photographic products and consumer electronics. It leverages retail expansion, strategic partnerships, and an e-commerce presence to navigate market challenges in the Greater China region. The company remains focused on offering diversified imaging and lifestyle products and services combined with technical and professional installation support, positioning itself as a comprehensive solutions provider in the photographic and consumer electronics sectors across Hong Kong and nearby markets.