Hilong Holding Ltd. (HK:1623)
:1623
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Hilong Holding Ltd.
(1623)
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Rating:48Neutral
Price Target:
HK$0.22
â–²(12.00% Upside)
Action:ReiteratedDate:11/26/25
The overall stock score is primarily influenced by the company's mixed financial performance, with moderate revenue growth but declining profitability and cash flow concerns. Technical analysis indicates a bearish trend, and valuation metrics are weak with a negative P/E ratio and no dividend yield.
Positive Factors
Diversified service and product mix
Hilong’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.
Negative Factors
Eroding profitability margins
Substantial margin compression shows rising cost pressures or weaker pricing power. Persistently lower EBIT and net margins reduce internal cash generation, weaken reinvestment capacity and limit the firm’s ability to fund service expansion or manufacturing upgrades over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified service and product mix
Hilong’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.
Read all positive factors
Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$415.63M
Dividend YieldN/A
Average Volume (3M)5.44M
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth-2.11%
EPS Growth-779.00%
CountryHK
Employees3,254
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,696,438,600
10 Day Avg. Volume5,262,200
30 Day Avg. Volume5,436,103
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.06
Price to Sales (P/S)0.04
P/FCF Ratio1.26
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
Hilong 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 oil...
Hilong Holding Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Jun 2024 | 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 | 675.11M | 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
Neutral
0.20
Price Trends
0.24
Positive
0.22
Positive
0.19
Positive
Market Momentum
<0.01
Positive
49.17
Neutral
44.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1623, the sentiment is Neutral. The current price of 0.2 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.24, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.17 is Neutral, neither overbought nor oversold. The STOCH value of 44.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$3.18B | 5.50 | 8.78% | 3.59% | 10.16% | 49.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | HK$561.17M | 3.80 | -17.33% | ― | -36.59% | 48.63% | |
50 Neutral | HK$8.84B | -107.60 | -20.81% | ― | 17.21% | 59.09% | |
48 Neutral | HK$415.63M | -0.13 | -11.00% | ― | -2.11% | -779.00% | |
43 Neutral | HK$344.82M | -1.35 | -10.68% | ― | 0.97% | 33.70% | |
43 Neutral | HK$10.10B | -249.02 | -1.14% | ― | 4.66% | -432.65% |
* Energy Sector Average
HK:1623
Hilong Holding Ltd.
0.25
0.13
116.81%
HK:3337
Anton Oilfield Services Group
1.06
-0.04
-3.72%
HK:0568
Shandong Molong Petroleum Machinery
10.31
9.12
766.39%
HK:1080
Shengli Oil & Gas Pipe Holdings Ltd.
0.09
0.05
134.21%
HK:1921
Dalipal Holdings Limited
6.70
-2.41
-26.45%
HK:2178
Petro-king Oilfield Services Ltd.
0.33
0.28
550.00%
Hilong Holding Ltd. Corporate Events
Hilong Wins Overwhelming Noteholder Support for US$317 Million Debt Restructuring
Feb 3, 2026
Hilong Holding Limited has secured consents from holders of 96.28% of its 9.75% senior secured notes due 2024 to proceed with an offshore debt restructuring that extends the notes’ maturity to 5 February 2030 and introduces other economic ch...
Hilong Advances Debt Restructuring and Cost Controls to Tackle Auditor’s Disclaimer
Jan 30, 2026
Hilong Holding Limited has issued a quarterly update on its action plan to address the auditor’s disclaimer of opinion, reporting substantial progress in restructuring its 9.75% senior secured notes due 2024, with over 90% of noteholders con...
Hilong Nears Completion of Offshore Notes Restructuring After Securing Over 90% Creditor Support
Jan 29, 2026
Hilong Holding Limited has secured confirmations from holders representing over 90% of the aggregate principal amount of its 9.75% senior secured notes due 2024 to consent to proposed amendments underpinning its offshore debt restructuring, signal...
Hilong Further Extends Consent Deadline for 9.75% Senior Secured Notes Restructuring
Jan 23, 2026
Hilong Holding Limited has announced a further extension of the expiration time for its consent solicitation related to the proposed offshore restructuring of its 9.75% senior secured notes due 2024, moving the deadline from 22 January 2026 to 28 ...
Hilong Clarifies Age of Newly Appointed Independent Non-Executive Director
Jan 15, 2026
Hilong Holding Limited has issued a supplemental announcement regarding its recent board appointment, clarifying that newly appointed independent non-executive director Mr. Yan Jiantao is 51 years old. With this addition, the company confirms the ...
Hilong Extends Deadline for Consent Solicitation on 9.75% Senior Secured Notes Restructuring
Jan 13, 2026
Hilong Holding Limited has announced a further extension of the expiration time for its consent solicitation related to the proposed offshore restructuring of its 9.75% senior secured notes due 2024, moving the deadline from 12 January 2026 to 22 ...
Hilong Holding Appoints Yan Jiantao as Independent Non-Executive Director to Support Strategic Expansion
Jan 9, 2026
Hilong Holding Limited has appointed Mr. Yan Jiantao as an independent non-executive director with effect from 9 January 2026, strengthening the independence and governance structure of its board. Mr. Yan brings extensive experience in energy, pol...
Hilong Holding Updates Board Composition and Governance Roles
Jan 9, 2026
Hilong Holding Limited has released an updated list of its directors and their respective roles and functions, detailing the composition of the board and its key committees. The statement confirms that Chairman of the Board Zhang Jun serves as Exe...
Hilong Wins Unanimous Shareholder Backing for 2026 Renewed Tenancy Agreements
Jan 9, 2026
Hilong Holding Limited announced that all resolutions proposed at its first extraordinary general meeting of 2026, held on 9 January, were approved by independent shareholders by way of poll, each receiving 100% of votes cast in favour. The approv...
Hilong Hearing on Winding-Up Petition Adjourned to March 2026
Dec 30, 2025
Hilong Holding Limited has announced that the scheduled High Court hearing of a winding-up petition against the company, originally set for 5 January 2026, has been vacated and adjourned to 2 March 2026 following a joint application by the petitio...
Hilong Calls 2026 EGM to Approve Renewed Tenancy and Management Agreements
Dec 22, 2025
Hilong Holding Limited has called its first extraordinary general meeting of 2026 for 9 January in Shanghai, where shareholders will vote on a series of renewed tenancy and management agreements with related parties. The resolutions seek approval,...
Hilong Grants 50 Million Existing Shares Under 2023 Award Scheme
Dec 19, 2025
Hilong Holding Limited has granted 50,257,216 existing shares under its 2023 Share Award Scheme to 107 employees, including co-chief executive officer Gao Zhihai, representing 2.96% of the company’s issued share capital and with an aggregate...
Hilong Holding Ltd. Renews Key Tenancy and Management Agreements for 2026
Dec 15, 2025
Hilong Holding Ltd. has announced the renewal of several tenancy and management agreements for 2026, involving leases for office and manufacturing spaces with various associated companies. These agreements, which include the 2026 Renewed Tenancy C...
Hilong Holding Announces Closure of Register for EGM Voting
Dec 15, 2025
Hilong Holding Limited announced the closure of its register of members from January 6 to January 9, 2026, to determine shareholder eligibility for attending and voting at the upcoming Extraordinary General Meeting (EGM). This move is part of the ...
Hilong Holding Ltd. Initiates Debt Restructuring for 2024 Notes
Dec 10, 2025
Hilong Holding Ltd. has announced the launch of a consent solicitation for the restructuring of its 9.75% Senior Secured Notes due 2024. This initiative aims to amend certain terms of the existing indenture, including extending the maturity of the...
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.