What Hung Hing Printing Group does

Hung Hing Printing Group Limited is a vertically integrated printing and packaging conglomerate headquartered in Tai Po, Hong Kong, publicly listed on the Hong Kong Stock Exchange (0450.HK) and founded in 1950. The company operates 7 manufacturing plants—1 in Hong Kong, 5 in mainland China (Shenzhen, Heshan, Wuxi, Shunde, Zhongshan), and 1 in Hanoi, Vietnam established in 2019—supported by 12 warehouses and approximately 4,800 employees. Its core offering is B2B printing and packaging across five verticals: book printing (children's board books, trade books, novelty), consumer product packaging (folding cartons, litho-laminated cartons, blister cards, POS displays), deluxe packaging (rigid boxes, gift cartons) for cosmetics, wine, and spirits, corrugated boxes (with corrugator width up to 2.8 meters) for toy, food and electronics, and stationery.

The group also operates Sun Hing Paper Company Limited, one of the largest paper trading businesses in Hong Kong and Southern China with 60,000-ton storage capacity, providing upstream supply integration. Technology differentiation centers on proprietary Brand Protection solutions including a patented AR Mark code with digital watermarks and dual-layer QR code authentication for anti-counterfeiting. Value-added services (warehousing pick-pack, global sourcing with a green sourcing team, China and overseas distribution, copyright agency for foreign publishers) and a portfolio of consumer-facing sub-brands (Papery, yum me print, Yum Me Play, STEM PLUS, iiTutors, Toppwork, Active Minds) extend the platform beyond pure printing.

The business model is enterprise field sales through direct regional offices (USA x3, UK, Germany via PI Print Innovations GmbH, Benelux, Scandinavia, France, Argentina). Revenue is generated predominantly on a project/quote-based B2B basis serving global brands across publishing, cosmetics, food and beverage, toys, electronics, wine/spirits, and personal care. Pricing is custom and non-standardized per project. FY2025 revenue was HK$2,025 million (~$260M USD), down approximately 31% from HK$2,950M in FY2022, with FY2024 and FY2025 swinging to operating losses of HK$53M and HK$89M respectively, indicating structural pressure on the core printing business.

Name

Hung Hing Printing Group

Legal name

Hung Hing Printing Group Limited

Website

https://hunghingprinting.com

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hung Hing Printing Group is a vertically integrated Hong Kong-based printing and packaging conglomerate founded in 1950, operating 7 plants across Hong Kong, mainland China, and Vietnam, serving global publishers, cosmetics, food and beverage, toy, and electronics brands with books, packaging, corrugated boxes, paper trading, and brand protection technology.

Ownership category

akta.pro rank

Product category

Commercial Printing & Packaging Manufacturing

NAICS

Books Printing (323117), Folding Paperboard Box Manufacturing (322212), Commercial Printing (except Screen and Books) (323111), Printing (32311)

SIC

Book Printing (2732), Paperboard Containers & Boxes (2650), Wholesale-Paper & Paper Products (5110), Greeting Cards (2771)

akta.pro primary industry

Folding Carton & Paperboard Packaging Printing (IMALAKAH)

akta.pro secondary industry

Corrugated & Case Printing (Preprint/Postprint) (IMALAKAI)

Keywords

• Commercial printing services
• Packaging manufacturing
• Corrugated box production
• Book printing services
• Paper trading wholesale

Headquarters

HQ city

Tai Po

HQ country

Hong Kong SAR China

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Printing Services Revenue: Revenue from book printing, stationery, consumer product packaging, and deluxe packaging services. Services include both one-time production jobs and ongoing client relationships with major publishers and brands worldwide.
2. Corrugated Manufacturing Revenue: Sales of corrugated cartons and containers to manufacturing clients in toy, food and beverage, and electronics industries. Manufacturing facilities in Southern China serve both local and international companies.
3. Paper Trading Revenue: Operated under Sun Hing Paper Company Limited, one of the largest paper trading businesses in Hong Kong and Southern China. Serves as strategic paper supply partner to other Hung Hing subsidiaries and external customers.
4. Warehousing and Logistics Revenue: Revenue from warehousing, pick-and-pack, and distribution services across multiple locations in Hong Kong, mainland China, and Vietnam. Includes door-to-door delivery and sales channel activation services.
5. Edutainment and Lifestyle Products: Revenue from children's books distribution, edutainment platforms (Yum Me Play, Active Minds, STEM PLUS, iiTutors), and lifestyle brands including yum me print self-service printing and Papery sustainable paper products.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Hung Hing Printing Group is a vertically integrated printing and packaging company that produces books (children's board books, trade and novelty books), social stationery, consumer product packaging (folding cartons, litho-laminated cartons, blister cards), deluxe rigid-box packaging for luxury/cosmetics/wine and spirits, and corrugated cartons for toy, food and beverage, and electronics manufacturers. The company also supplies paper through its Sun Hing Paper trading subsidiary and offers brand protection via patented AR Mark and dual-layer QR track-and-trace technology, supported by warehousing, global sourcing, and distribution services across Asia, Europe, and the Americas.

Product overview

Hung Hing Printing Group is a comprehensive printing and packaging solutions platform offering a diverse portfolio of products and services. The core offerings include book printing (Books), social stationery (Stationery), consumer product packaging, deluxe packaging for luxury goods, and brand protection solutions with track & trace technology. Supporting operations include corrugated manufacturing, paper trading (Sun Hing Paper Company), warehousing and pick-pack services, global sourcing with a green sourcing initiative, China and overseas distribution logistics, and copyright agent services for publishers. The company also operates several lifestyle brands including yum me print (self-service printing), Papery (sustainable paper products), Toppwork (IT/AI software solutions), Yum Me Play (edutainment platform), STEM PLUS (STEM education), and iiTutors (AI-powered online math tutoring).

Differentiator

Problem solved

Functional benefit

Brands

• yum me play: Experiential learning platform for kids featuring interactive games, imaginative play, sensory reading, and STEM learning.
• yum me print
• Papery
• Toppwork
• Active Minds Learning
• STEM PLUS
• iiTutors

Products and services

• Books Book printing services producing high-quality books across categories including children's board books, conventional trade books, and novelty books for young readers and adults. Covers hardcover and paperback manufacturing with special finishes, die-cutting, and complex binding. Output exceeds 100 million copies of children's books annually through automatic board book production lines. Serves publishing houses, self-publishers, and authors worldwide.
• Stationery Social stationery printing services including greeting cards, gift bags and gift sets, note paper and letter sets, printed envelopes, note pads, calendars, and diaries with special finishes. Used by brands and publishers for promotional and consumer stationery products.
• Consumer Product Packaging Design and manufacturing of high-quality decorative packaged boxes including folding cartons, litho-laminated cartons, blister cards, and Point-of-Sales Displays for food, personal care, and toy industries. Uses metallic paper, foil stamping, embossing, and surface treatments.
• Deluxe Packaging Rigid boxes and high-quality gift cartons for cosmetics, chocolate boxes, luxury branded goods, and fine wine and spirits. Features special printing treatments and varnishes for premium brand applications. Serves international cosmetics brands and renowned wine and spirits brands.
• Brand Protection Track-and-Trace Solutions including dual-layer QR code labels for product authentication and the patented AR Mark code technology for copy-proof product verification and gray market detection. Provides unique digital watermarks with product identification DNA added to QR codes with serialization and encryption protection. Each product receives an immutable identity for authentication, tracking, and customer engagement.
• Corrugated Manufacturing Corrugated carton manufacturing capabilities operated through Po Hing Packaging (Shenzhen) Co., LTD, producing boards up to 2.8 meters in width across A, B, C, E, and BC Flute profiles. Serves toy, food and beverage, and electronics manufacturers in Southern China and globally.
• Paper Trading Paper trading under Sun Hing Paper Company Limited, one of the largest paper trading businesses in Hong Kong and Southern China. Storage capability up to 60,000 tons, with in-house high-speed sheeters and rewinders for customization. Serves as strategic paper supply partner to other Hung Hing subsidiaries and external customers.

Quantifiable outcome

• 100 million+ children's book copies produced annually through automatic board book production lines
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• R.R. Donnelley & Sons: R.R. Donnelley is a long-established global printing and packaging services provider with significant book and commercial print capabilities, providing a direct comparable for Hung Hing's book printing segment.
• TC Transcontinental: TC Transcontinental is a Canadian printing and packaging group with significant book and retail printing exposure plus flexible packaging; directly comparable to Hung Hing's book printing and consumer packaging lines.
• Dai Nippon Printing: Dai Nippon Printing is one of the world's largest printing conglomerates, with overlapping capabilities in book printing, packaging, decorative materials, and information communication, making it a structurally comparable Asia-based peer.
• Toppan Printing: Toppan is a major Japanese diversified printing company with comparable offerings in commercial printing, packaging, and security/anti-counterfeiting solutions, serving similar blue-chip enterprise customers globally.
• Quad/Graphics: Quad/Graphics is a major North American commercial and book printer offering printing, packaging, and marketing services — directly comparable to Hung Hing's book and commercial printing operations.

Broad incumbents

• Mondi Group: Mondi is a global paper and packaging incumbent with integrated pulp/paper and corrugated operations, comparable to Hung Hing's paper trading and corrugated manufacturing but at much larger scale.
• Sappi Limited: Sappi is a global paper and coated paperboard producer serving printing and packaging markets, comparable to Hung Hing's paper trading operations and downstream printing substrates.
• Smurfit Kappa: Smurfit Kappa is a global leader in paper-based packaging with corrugated and consumer packaging operations directly comparable to Hung Hing's corrugated manufacturing business.
• CCL Industries: CCL Industries is a global specialty label and packaging producer serving consumer brands, comparable to Hung Hing's consumer product packaging and brand protection/track-and-trace offerings.
• Graphic Packaging: Graphic Packaging is a major paperboard packaging manufacturer serving consumer goods customers, comparable to Hung Hing's folding carton, litho-laminated, and rigid box packaging lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hunghingprinting
• LinkedInlinkedin.com/company/hung-hing-printing-group
• Instagraminstagram.com/hunghingprinting

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hung Hing Printing Group