tiprankstipranks
Trending News
More News >
Hilong Holding Ltd. (HK:1623)
:1623
Advertisement

Hilong Holding Ltd. (1623) AI Stock Analysis

Compare
5 Followers

Top Page

HK:1623

Hilong Holding Ltd.

(1623)

Select Model
Select Model
Select Model
Neutral 60 (OpenAI - 4o)
Rating:60Neutral
Price Target:
HK$0.50
▲(108.33% Upside)
The overall stock score reflects a mixed outlook. The positive technical analysis suggests bullish momentum, but this is offset by weak financial performance and poor valuation metrics. The lack of earnings call insights and corporate events limits additional context.

Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)

Hilong Holding Ltd. Business Overview & Revenue Model

Company DescriptionHilong 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 Offshore Engineering Services segments. The Oilfield Equipment Manufacturing and Services segment produces and sells oilfield equipment; and offers oil country tubular goods (OCTG) coating services. The Line Pipe Technology and Services segment provides services related to oil and gas pipeline; and produces coating materials for anticorrosive and anti-friction purposes. The Oilfield Services segment offers well drilling services; integrated comprehensive services; and OCTG trading and related services to oil and gas producers. The Offshore Engineering Services segment provides offshore engineering and design services. The company is also involved in the manufacture, trading, and distribution of oil and gas equipment; the manufacture and distribution of hardbanding materials and special steel; the research and development related to technology of manufacturing oil and gas equipment, as well as coating services; the research, inspection, and repairment of oil and gas equipment; and the provision of offshore oilfield services. Hilong Holding Limited was founded in 2002 and is headquartered in Shanghai, the People's Republic of China. Hilong Holding Limited is a subsidiary of Hilong Group Limited.
How the Company Makes MoneyHilong Holding Ltd. generates revenue through multiple key streams, primarily from the sale of drilling tools and equipment to oil and gas companies engaged in exploration and production activities. The company also earns income from providing oilfield services, which include drilling, maintenance, and logistical support. Significant partnerships with major oil and gas companies enhance its market position and contribute to stable revenue flows. Additionally, Hilong benefits from long-term contracts and relationships that provide consistent business opportunities, particularly in regions with ongoing energy development projects.

Hilong Holding Ltd. Financial Statement Overview

Summary
Hilong Holding Ltd. presents a mixed financial profile with revenue growth but declining profitability and cash flow visibility. The balance sheet shows moderate leverage, yet the drop in return on equity and lack of cash flow data raise concerns about financial stability.
Income Statement
65
Positive
The company shows moderate revenue growth with a 9.8% increase from 2023 to 2024. However, the net profit margin decreased significantly to 0.6% in 2024 from 3.5% in 2023, indicating reduced profitability. The EBIT margin also decreased to 8.0% from 10.2%, reflecting tighter operational efficiencies.
Balance Sheet
60
Neutral
The debt-to-equity ratio stands at 0.83, indicating a moderate level of leverage. The equity ratio is 40.4%, showing a stable equity position. However, the return on equity dropped to 0.9% from 4.5% the previous year, suggesting weaker returns for shareholders.
Cash Flow
50
Neutral
The absence of reported cash flow data for 2024 limits the visibility into the company's cash flow health. In 2023, free cash flow was negative, indicating potential liquidity challenges. The reliance on previous data shows fluctuating cash flow performance.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue4.53B4.67B4.25B3.74B2.92B2.62B
Gross Profit944.91M1.12B915.47M1.07B898.32M693.98M
EBITDA494.63M665.60M825.86M819.81M703.15M404.84M
Net Income-341.96M28.27M148.66M140.98M44.25M-298.70M
Balance Sheet
Total Assets7.58B8.08B7.96B7.80B7.07B7.37B
Cash, Cash Equivalents and Short-Term Investments740.18M934.21M958.78M869.65M818.06M875.17M
Total Debt2.50B2.71B2.89B3.13B3.06B3.15B
Total Liabilities4.63B4.82B4.63B4.45B4.03B4.25B
Stockholders Equity2.95B3.26B3.34B3.32B3.02B3.07B
Cash Flow
Free Cash Flow0.00143.22M-41.21M417.07M312.51M-42.22M
Operating Cash Flow0.00421.56M219.72M556.15M453.81M20.53M
Investing Cash Flow0.00-193.63M286.36M-103.10M-23.55M-24.75M
Financing Cash Flow0.00-378.26M-495.47M-320.97M-492.44M-56.62M

Hilong Holding Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.24
Price Trends
50DMA
0.19
Positive
100DMA
0.17
Positive
200DMA
0.14
Positive
Market Momentum
MACD
0.02
Positive
RSI
56.95
Neutral
STOCH
23.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1623, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.19, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 23.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1623.

Hilong Holding Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
65
Neutral
$3.26B9.498.78%2.46%10.16%49.48%
60
Neutral
€410.54M8.67-11.09%-2.11%-779.00%
49
Neutral
HK$5.23B-36.92%38.25%14.55%
49
Neutral
€344.82M-10.68%0.97%33.70%
48
Neutral
HK$9.38B-1.68%0.64%4.66%-432.65%
48
Neutral
HK$105.33M-16.54%-36.59%48.63%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1623
Hilong Holding Ltd.
0.24
0.12
107.96%
HK:3337
Anton Oilfield Services Group
1.10
0.53
91.30%
HK:0568
Shandong Molong Petroleum Machinery
4.73
3.60
318.58%
HK:1080
Shengli Oil & Gas Pipe Holdings Ltd.
0.09
0.05
168.75%
HK:1921
Dalipal Holdings Limited
6.49
2.96
83.85%
HK:2178
Petro-king Oilfield Services Ltd.
0.06
-0.01
-14.29%

Hilong Holding Ltd. Corporate Events

Hilong Holding Approves US$100 Million Vessel Sale
Oct 16, 2025

Hilong Holding Limited announced that during its 2025 third extraordinary general meeting, a resolution was passed approving the sale of a vessel to PT CAKRA BUANA RESOURCES ENERGI TBK for US$100 million. This decision, supported by an overwhelming majority of shareholders, reflects the company’s strategic move to streamline operations and potentially reallocate resources, which could impact its market positioning and stakeholder interests positively.

Hilong Holding Limited Announces $100 Million Vessel Sale
Sep 25, 2025

Hilong Holding Limited has announced the convening of its 2025 third extraordinary general meeting to discuss and approve the sale of a vessel by Hilong Shipping Holding Limited to PT CAKRA BUANA RESOURCES ENERGI TBK for $100 million. This transaction is significant for Hilong Holding Limited as it reflects strategic asset management and could potentially impact its financial standing and stakeholder interests.

Hilong Holding Announces Closure of Register for Upcoming EGM
Sep 25, 2025

Hilong Holding Limited has announced the closure of its register of members from October 13 to October 16, 2025, to determine shareholder eligibility for attending and voting at the upcoming Extraordinary General Meeting (EGM). This closure is part of the company’s procedural steps related to a previously announced disposal and the delay in dispatching the related circular. The closure of the register is a critical step in ensuring that only eligible shareholders can participate in the EGM, which may have implications for the company’s governance and shareholder engagement.

Hilong Holding Ltd. Announces Further Delay in Circular Dispatch
Sep 15, 2025

Hilong Holding Limited, a company incorporated in the Cayman Islands, has announced a further delay in the dispatch of a circular related to a very substantial disposal involving the sale of a vessel. Initially expected by September 15, 2025, the circular will now be dispatched by September 25, 2025, due to additional time needed for preparation. This delay may impact stakeholders awaiting detailed information on the transaction and the associated extraordinary general meeting.

Hilong Holding Ltd. Delays Circular Dispatch for Vessel Disposal
Sep 1, 2025

Hilong Holding Limited, a company incorporated in the Cayman Islands, announced a delay in the dispatch of a circular related to a very substantial disposal concerning the sale of a vessel. The circular, initially expected to be sent to shareholders by September 1, 2025, will now be dispatched by September 15, 2025, due to additional time required for its preparation.

Hilong Holding Reports Decline in Interim Results and Announces Committee Changes
Aug 29, 2025

Hilong Holding Limited announced its interim results for the six months ended June 30, 2025, reporting a revenue of approximately RMB2,322.5 million, a decrease of 5.8% compared to the same period in 2024. The company also reported a significant drop in gross profit by 30.6%, leading to a decision not to declare any interim dividend. Additionally, changes in the Nomination Committee were made, with new appointments aimed at strengthening governance.

Hilong Holding Limited Updates Nomination Committee Terms
Aug 29, 2025

Hilong Holding Limited has updated the terms of reference for its Nomination Committee, which is responsible for identifying and recommending candidates for the company’s board of directors. The committee will also oversee the evaluation of the board’s performance and develop nomination guidelines. The updated terms emphasize diversity and independence, requiring at least one member of a different gender and a majority of independent non-executive directors. These changes aim to enhance the board’s effectiveness and align with corporate governance standards.

Hilong Holding Limited Approves Key Service Agreements at 2025 EGM
Aug 25, 2025

Hilong Holding Limited announced that all proposed resolutions were approved at its 2025 second extraordinary general meeting held on August 25, 2025. The resolutions included the approval of the 2025 Drill Pipe Inspection and Coating Services Agreement and the 2025 Pipeline Cleaning and Inspection Agreement, along with their respective annual caps. This approval enables the company to proceed with the transactions and agreements, potentially enhancing its operational capabilities and market positioning.

Hilong Holding Ltd. Issues Profit Warning Amid Vessel Remeasurement Loss
Aug 18, 2025

Hilong Holding Ltd. has issued a profit warning, indicating an expected net loss of RMB310 million to RMB340 million for the first half of 2025, compared to a profit of RMB46.6 million in the same period last year. This significant financial downturn is mainly due to a loss on the remeasurement of a vessel classified as held for sale. Despite this loss, the company’s core business operations remain stable. Stakeholders and investors are advised to exercise caution, with detailed interim results expected by the end of August 2025.

Hilong Holding to Review Interim Financial Results
Aug 15, 2025

Hilong Holding Limited has announced that its board of directors will meet on August 29, 2025, to review and approve the interim financial results for the first half of the year. This meeting is significant for stakeholders as it will provide insights into the company’s performance and financial health, potentially impacting its market positioning and investor confidence.

Hilong Holding Ltd. Updates on Action Plan to Resolve Auditor’s Disclaimer
Aug 13, 2025

Hilong Holding Ltd. has provided a supplemental announcement regarding its action plan to address an auditor’s disclaimer of opinion. The company has engaged in loan financing negotiations with several banks, successfully rolled over an existing bank loan, and reduced its bank borrowings by 30% to 40% as of June 2025. Efforts to expedite the collection of trade receivables have been made, resulting in a decrease of receivables outstanding for over a year by 5% to 20%. Additionally, Hilong has implemented cost-reduction initiatives, including renegotiating supplier agreements and restricting non-essential expenses, to strengthen cash flow management. These measures aim to resolve the disclaimer of opinion and improve the company’s financial standing.

Hilong Holding Announces Adjournment of Winding-Up Petition Hearing
Aug 11, 2025

Hilong Holding Limited, a company incorporated in the Cayman Islands, has announced the adjournment of a winding-up petition hearing to 27 October 2025 by the High Court. The company also obtained a validation order on 9 July 2025, ensuring that share transfers since the petition’s presentation are not void, which has nullified previous measures related to the petition. Stakeholders are advised to exercise caution when dealing with the company’s securities.

Hilong Holding Announces Major Vessel Disposal
Aug 11, 2025

Hilong Holding Limited, a company incorporated in the Cayman Islands, has announced a very substantial disposal involving the sale of a vessel named ‘HAI LONG 106’ for US$100 million. The transaction, which requires shareholder approval, is significant as it exceeds 75% of the company’s applicable percentage ratio under the Listing Rules. The disposal is conditional upon meeting certain prerequisites, and its completion will involve a structured payment plan, including a downpayment and a promissory note.

Hilong Holding Ltd. Announces 2025 Extraordinary General Meeting for Key Service Agreements
Aug 4, 2025

Hilong Holding Ltd. has announced the convening of its 2025 second extraordinary general meeting (EGM) to seek shareholder approval for two key agreements: the 2025 Drill Pipe Inspection and Coating Services Agreement and the 2025 Pipeline Cleaning and Inspection Agreement. These agreements are crucial for the company’s operations as they involve significant transactions and proposed annual caps, which are expected to enhance the company’s service offerings and operational capabilities in the energy sector.

Hilong Holding Ltd. Revises Annual Cap and Enters New Service Agreements
Aug 1, 2025

Hilong Holding Ltd. has announced revisions to its existing Hilong Energy Annual Cap to accommodate unanticipated demand for drill pipe inspection and coating services in 2025. This decision reflects the company’s need to address urgent repair requirements for Hilong USA’s drill pipes. Additionally, Hilong Oil Service Ltd. (Libya Branch) has entered into a new agreement with Shenglong Oil and Gas for pipeline cleaning and inspection services, effective from August 2025 to February 2027. These agreements, involving connected parties, require compliance with Hong Kong’s Listing Rules, including shareholder approval, due to their financial implications.

Hilong Holding Announces Closure of Register for EGM
Aug 1, 2025

Hilong Holding Limited announced the closure of its register of members from August 20 to August 25, 2025, to determine shareholder eligibility to attend and vote at the upcoming Extraordinary General Meeting (EGM). This move is part of the company’s efforts to finalize the Revised Hilong Energy Annual Cap and the 2025 Pipeline Cleaning and Inspection Agreement, which are expected to influence its operational strategies and stakeholder engagements.

Hilong Holding Ltd. Updates on Action Plan to Address Auditor’s Disclaimer
Jul 31, 2025

Hilong Holding Limited has provided an update on its action plan to address the auditor’s disclaimer of opinion on its FY2024 financial statements, which was due to uncertainties related to going concern. The company is actively working with legal and financial advisors to restructure its 2024 Notes and is exploring new financing sources to meet its financial obligations. Additionally, Hilong is implementing measures to expedite the collection of receivables and improve internal controls. The company remains committed to resolving these issues to establish a sustainable long-term capital structure and will continue to update stakeholders on its progress.

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.Date of analysis: Oct 23, 2025