Diversified Service And Product MixHilong’s business spans manufacturing OCTG, value-added coating/processing and oilfield services. This vertical breadth supports cross-selling, steadier revenue across project types and different customer capex cycles, reinforcing durable revenue stability versus single-product peers.
Recent Top-line ImprovementReported 9.8% revenue growth signals the company can capture demand in upstream markets and convert orders into sales. Sustained revenue growth over multiple quarters supports better capacity utilization and scale benefits that can underpin medium-term operational recovery.
Moderate Leverage And Equity BaseA debt-to-equity around 0.83 and a 40% equity ratio indicate moderate leverage, giving room to fund operations and capex without being excessively leveraged. This balance provides financial flexibility to invest in factory capacity or service capabilities over the medium term.