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Hilong Holding Ltd.
(1623)
Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)
Hilong Holding Ltd. Business Overview & Revenue Model
Hilong Holding Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.53B | 4.67B | 4.25B | 3.74B | 2.92B | 2.62B |
| Gross Profit | 944.91M | 1.12B | 915.47M | 1.07B | 898.32M | 693.98M |
| EBITDA | 494.63M | 665.60M | 825.86M | 819.81M | 703.15M | 404.84M |
| Net Income | -341.96M | 28.27M | 148.66M | 140.98M | 44.25M | -298.70M |
Balance Sheet | ||||||
| Total Assets | 7.58B | 8.08B | 7.96B | 7.80B | 7.07B | 7.37B |
| Cash, Cash Equivalents and Short-Term Investments | 740.18M | 934.21M | 958.78M | 869.65M | 818.06M | 875.17M |
| Total Debt | 2.50B | 2.71B | 2.89B | 3.13B | 3.06B | 3.15B |
| Total Liabilities | 4.63B | 4.82B | 4.63B | 4.45B | 4.03B | 4.25B |
| Stockholders Equity | 2.95B | 3.26B | 3.34B | 3.32B | 3.02B | 3.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 143.22M | -41.21M | 417.07M | 312.51M | -42.22M |
| Operating Cash Flow | 0.00 | 421.56M | 219.72M | 556.15M | 453.81M | 20.53M |
| Investing Cash Flow | 0.00 | -193.63M | 286.36M | -103.10M | -23.55M | -24.75M |
| Financing Cash Flow | 0.00 | -378.26M | -495.47M | -320.97M | -492.44M | -56.62M |
Hilong Holding Ltd. Technical Analysis
Hilong Holding Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $3.26B | 9.49 | 8.78% | 2.46% | 10.16% | 49.48% | |
60 Neutral | €410.54M | 8.67 | -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% |
Hilong Holding Ltd. Corporate Events
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 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 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 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 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 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 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 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. 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 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. 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 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 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. 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. 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 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 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.