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Hop Fung Group Holdings Limited logo

Hop Fung Group Holdings Limited

2320.HK

HKSEConsumer CyclicalPackaging & Containers

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Latest quote

HK$0.249

+HK$0.021 · +9.21%

Aug 24, 3:55 PM HKT

2320.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 Packaging segments. The company offers corrugating medium and linerboards; and corrugated paper boards and carton boxes. It also provides management and accounting services; and trading of corrugated packaging and procurement of raw materials. Hop Fung Group Holdings Limited was founded in 1983 and is based in Tsuen Wan, Hong Kong.

Industry
Packaging & Containers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Sum Tai Hui
Listed since
Sep 24, 2003
Employees
187

Market position

Day range

Current HK$0.249

52-week range

Current HK$0.249

Open
HK$0.221
Previous close
HK$0.228
Volume
4.32M
2.62× average
Average volume
1.65M
Average daily volume
Market cap
203.59M HKD
Beta
0.55
Market reference 1
50-day average
HK$0.1384
+79.86% above average
200-day average
HK$0.0906
+174.94% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
150.22M HKD
P/E (TTM)
-2.27×
P/B (TTM)
0.31×
P/S (TTM)
1.55×
EV / EBITDA
-6.12×
Earnings yield
-130.71%
Free cash flow yield
-34.21%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
7.56%
Operating margin
-37.90%
Net margin
-68.27%
Return on equity
-13.53%
Return on assets
-10.78%
Return on invested capital
-10.64%

Financial health

Debt / equity
0.14×
Current ratio
0.47×
Altman Z-score
0.64
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%-15%-45%-76%Gross margin, FY2021: -49.17%Gross margin, FY2022: 1.74%Gross margin, FY2023: 6.21%Gross margin, FY2024: 8.40%Gross margin, FY2025: -29.56%Operating margin, FY2021: -10.11%Operating margin, FY2022: -42.74%Operating margin, FY2023: -45.92%Operating margin, FY2024: -15.96%Operating margin, FY2025: -61.90%Net margin, FY2021: -55.95%Net margin, FY2022: -45.41%Net margin, FY2023: -44.93%Net margin, FY2024: -45.02%Net margin, FY2025: -68.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -49.17%. Gross margin FY2022 1.74%. Gross margin FY2023 6.21%. Gross margin FY2024 8.40%. Gross margin FY2025 -29.56%. Operating margin FY2021 -10.11%. Operating margin FY2022 -42.74%. Operating margin FY2023 -45.92%. Operating margin FY2024 -15.96%. Operating margin FY2025 -61.90%. Net margin FY2021 -55.95%. Net margin FY2022 -45.41%. Net margin FY2023 -44.93%. Net margin FY2024 -45.02%. Net margin FY2025 -68.27%.

Income trends

Revenue

131.45M HKD-37.85%

Operating income

−81.37M HKD-141.01%

Net income

−89.74M HKD+5.77%
Income trends across reported periods873.44M HKD402.09M HKD−69.27M HKD−540.63M HKDRevenue, FY2021: 755.6M HKDRevenue, FY2022: 424.41M HKDRevenue, FY2023: 224.36M HKDRevenue, FY2024: 211.52M HKDRevenue, FY2025: 131.45M HKDOperating income, FY2021: −76.4M HKDOperating income, FY2022: −181.39M HKDOperating income, FY2023: −103.03M HKDOperating income, FY2024: −33.76M HKDOperating income, FY2025: −81.37M HKDNet income, FY2021: −422.79M HKDNet income, FY2022: −192.73M HKDNet income, FY2023: −100.8M HKDNet income, FY2024: −95.23M HKDNet income, FY2025: −89.74M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 755.6M HKD. Revenue FY2022 424.41M HKD. Revenue FY2023 224.36M HKD. Revenue FY2024 211.52M HKD. Revenue FY2025 131.45M HKD. Operating income FY2021 −76.4M HKD. Operating income FY2022 −181.39M HKD. Operating income FY2023 −103.03M HKD. Operating income FY2024 −33.76M HKD. Operating income FY2025 −81.37M HKD. Net income FY2021 −422.79M HKD. Net income FY2022 −192.73M HKD. Net income FY2023 −100.8M HKD. Net income FY2024 −95.23M HKD. Net income FY2025 −89.74M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue131.45M HKD211.52M HKD224.36M HKD424.41M HKD755.6M HKD
Cost of goods sold170.31M HKD193.76M HKD210.43M HKD417.01M HKD1.13B HKD
Gross profit−38.85M HKD17.77M HKD13.93M HKD7.4M HKD−371.51M HKD
Selling, general, and administrative33.81M HKD51.53M HKD62.4M HKD110.9M HKD110.74M HKD
Operating expenses42.52M HKD51.53M HKD59.67M HKD128.76M HKD106.89M HKD
Interest income50K HKD—639K HKD2.14M HKD2.93M HKD
Interest expense3.2M HKD3.63M HKD3.56M HKD6.19M HKD8.44M HKD
Depreciation and amortization51.18M HKD52.01M HKD55.47M HKD70.88M HKD95.12M HKD
Operating income−81.37M HKD−33.76M HKD−103.03M HKD−181.39M HKD−76.4M HKD
Net income−89.74M HKD−95.23M HKD−100.8M HKD−192.73M HKD−422.79M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.04-0.16-0.36-0.56Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.001, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.518, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual -0.102, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.134, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual -0.072, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.051, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual -0.053, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.063, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates434.53M319.07M203.6M88.14MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 410.02M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 345.58M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 241.86M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 182.55M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 106.23M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 118.13M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 107.82M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 103.7M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jun 6, 2012

33:28

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