Hilong Holding Ltd. (HK:1623)
:1623
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Hilong Holding Ltd.
(1623)
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Rating:48Neutral
Price Target:
HK$0.23
▲(16.00% Upside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by weakened financial performance, including a swing to a net loss in 2025 and volatile/free cash flow that deteriorated in the latest period. Technical indicators are broadly neutral with slightly negative momentum, while valuation is pressured by a negative P/E (loss-making) and no provided dividend yield.
Positive Factors
Revenue Growth
Sustained revenue growth through 2025 indicates enduring demand for the group’s oilfield products and services and supports long-term scale advantages. A constructive top line provides a base to absorb cyclical downturns, finance selected investments and preserve market position across tubular and drilling segments.
Negative Factors
Profitability Deterioration
A swing to a meaningful net loss in 2025 signals a persistent earnings-quality issue rather than a one-off; compressed margins suggest pricing pressure or cost inflation that can impair retained earnings and investment capacity. If unresolved, this erodes ability to fund growth and maintain competitive services long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth through 2025 indicates enduring demand for the group’s oilfield products and services and supports long-term scale advantages. A constructive top line provides a base to absorb cyclical downturns, finance selected investments and preserve market position across tubular and drilling segments.
Read all positive factors
Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$391.88M
Dividend YieldN/A
Average Volume (3M)5.44M
Price to Earnings (P/E)102.4
Beta (1Y)0.06
Revenue Growth4.50%
EPS Growth-1232.04%
CountryHK
Employees3,254
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.19
Shares Outstanding1,696,438,600
10 Day Avg. Volume5,262,200
30 Day Avg. Volume5,436,103
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.09
Price to Sales (P/S)0.06
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hilong Holding Ltd. Business Overview & Revenue Model
Company Description
Hilong Holding Limited, an investment holding company, provides oil field equipment and services worldwide. The company operates through Oilfield Equipment Manufacturing and Services, Line Pipe Technology and Services, Oilfield Services, and Offsh...
How the Company Makes Money
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Hilong Holding Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.88B | 4.67B | 4.25B | 3.74B | 2.92B |
| Gross Profit | 1.22B | 1.12B | 915.47M | 1.07B | 898.32M |
| EBITDA | 569.07M | 665.60M | 825.86M | 819.81M | 675.11M |
| Net Income | -323.55M | 28.27M | 148.66M | 140.98M | 44.25M |
Balance Sheet | |||||
| Total Assets | 7.65B | 8.08B | 7.96B | 7.80B | 7.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.09B | 934.21M | 958.78M | 869.65M | 818.06M |
| Total Debt | 2.38B | 2.71B | 2.89B | 3.13B | 3.06B |
| Total Liabilities | 4.68B | 4.82B | 4.63B | 4.45B | 4.03B |
| Stockholders Equity | 2.97B | 3.26B | 3.34B | 3.32B | 3.02B |
Cash Flow | |||||
| Free Cash Flow | 53.67M | 143.22M | -41.21M | 417.07M | 312.51M |
| Operating Cash Flow | 366.17M | 421.56M | 219.72M | 556.15M | 453.81M |
| Investing Cash Flow | -99.55M | -193.63M | 286.36M | -103.10M | -23.55M |
| Financing Cash Flow | -342.20M | -378.26M | -495.47M | -320.97M | -492.44M |
Hilong Holding Ltd. Technical Analysis
Negative
0.20
Price Trends
0.24
Negative
0.23
Positive
0.21
Positive
Market Momentum
>-0.01
Negative
46.57
Neutral
42.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1623, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.24, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.57 is Neutral, neither overbought nor oversold. The STOCH value of 42.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1623.
Hilong Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$3.06B | 2.38 | 8.78% | 3.59% | 17.33% | 65.22% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | HK$423.04M | 0.63 | 12.68% | ― | -7.16% | ― | |
48 Neutral | HK$391.88M | 102.39 | -11.00% | ― | 4.50% | -1232.04% | |
44 Neutral | HK$5.34B | 86.96 | 1.56% | ― | 6.25% | ― | |
43 Neutral | HK$251.83M | 15.00 | -10.68% | ― | 58.74% | 56.30% | |
41 Neutral | HK$7.53B | 275.81 | 1.06% | ― | 50.13% | ― |
* Energy Sector Average
HK:1623
Hilong Holding Ltd.
0.23
0.12
104.42%
HK:3337
Anton Oilfield Services Group
1.07
0.13
13.23%
HK:0568
Shandong Molong Petroleum Machinery
6.29
3.71
143.80%
HK:1080
Shengli Oil & Gas Pipe Holdings Ltd.
0.07
0.03
76.92%
HK:1921
Dalipal Holdings Limited
3.36
-3.63
-51.93%
HK:2178
Petro-king Oilfield Services Ltd.
0.24
0.20
490.00%
Hilong Holding Ltd. Corporate Events
Hilong Moves to Secure Industrial Land in Jiangsu for Marine Equipment Expansion
Apr 29, 2026
Hilong Holding Limited’s subsidiary Hilong Marine has signed investment agreements with the management committee of the Jiangsu Qidong Lvsigang Economic Development Zone to pursue state-owned industrial land use rights in Qidong City, Jiangs...
Hilong Holding Sets Out Board Structure and Governance Roles
Apr 1, 2026
Hilong Holding Limited has disclosed the current composition of its board of directors and the distribution of roles across its key governance committees. The announcement confirms Zhang Jun as executive chairman and co-chief executive officer, wi...
Hilong Swings to 2025 Loss on Impairments Despite Rising Revenue
Mar 29, 2026
Hilong Holding Limited reported 2025 revenue of about RMB4.88 billion, up 4.4% year on year, with gross profit rising 6.9% to roughly RMB1.20 billion and a gross margin of 24.6%. Despite this top-line and margin improvement, the group swung from a...
Hilong Holding Sets March 27 Board Meeting to Approve 2025 Annual Results
Mar 17, 2026
Hilong Holding Limited has scheduled a board meeting for 27 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025 and to authorize their publication. The timing of the meeting signals that ...
Hilong Issues Profit Warning After Vessel Disposal Loss
Mar 13, 2026
Hilong Holding Limited has warned that it expects to swing to a net loss of up to approximately RMB450 million for the year ended 31 December 2025, compared with a profit of RMB30 million a year earlier. The reversal is mainly attributed to a loss...
Hilong Holding Secures Dismissal of High Court Winding-Up Petition
Feb 9, 2026
Hilong Holding Limited has announced that a winding-up petition previously filed against the company has been dismissed by order of the High Court, following a joint application by the petitioner, the company and certain opposing creditors. As of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.