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Haichang Ocean Park Holdings Ltd. (HK:2255)
:2255
Hong Kong Market

Haichang Ocean Park Holdings Ltd. (2255) AI Stock Analysis

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HK:2255

Haichang Ocean Park Holdings Ltd.

(2255)

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Underperform 40 (OpenAI - 4o)
Rating:40Underperform
Price Target:
HK$0.50
▲(4.17% Upside)
The overall stock score is primarily driven by significant financial challenges, including net losses, high leverage, and liquidity issues. Technical analysis confirms a bearish trend with weak market momentum. Valuation metrics further highlight the company's struggles, with a negative P/E ratio and no dividend yield.
Positive Factors
Business Model Strength
The company's focus on family-oriented entertainment and marine education positions it well in the leisure industry, appealing to a broad audience and supporting long-term engagement.
Revenue Diversification
Diverse revenue streams from admissions, retail, and partnerships reduce reliance on a single income source, enhancing financial resilience.
Environmental Sustainability
The company's dedication to sustainability and conservation aligns with global trends, potentially attracting environmentally conscious consumers and partners.
Negative Factors
High Leverage
High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth opportunities.
Negative Cash Flow
Inability to generate positive cash flow suggests liquidity issues, hindering the company's capacity to fund operations and capital expenditures.
Declining Revenue Growth
Erratic revenue growth indicates challenges in maintaining consistent market demand, which could affect long-term financial performance.

Haichang Ocean Park Holdings Ltd. (2255) vs. iShares MSCI Hong Kong ETF (EWH)

Haichang Ocean Park Holdings Ltd. Business Overview & Revenue Model

Company DescriptionHaichang Ocean Park Holdings Ltd., together with its subsidiaries, develops, constructs, and operates theme parks and ancillary commercial properties in the People's Republic of China. It operates in three segments: Park Operations, Operation as a Service, and Property Development. The company owns and operates six theme parks. It also develops and invests in properties; and operates hotels and a small size playground, as well as provides consultancy, management, and recreation services. In addition, the company offers tourism consulting, and construction project design and consulting services. Further, it is involved in goods and technology import and export, marine biotechnology development, financing lease, and property management business; property development, construction, and sales activities; and the provision of technical support services relating to aquarium. The company was formerly known as Haichang Holdings Ltd. and changed its name to Haichang Ocean Park Holdings Ltd. in July 2015. Haichang Ocean Park Holdings Ltd. was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyHaichang Ocean Park Holdings Ltd. generates revenue primarily through ticket sales for park admissions, annual memberships, and seasonal passes, which provide access to its various attractions and events. In addition to direct ticket revenue, the company earns significant income from food and beverage sales, merchandise retail, and sponsorship deals within the parks. The company also engages in educational programs and partnerships with schools and organizations, providing workshops and field trips that further enhance its revenue. Seasonal events, special shows, and attractions also contribute to revenue, creating additional opportunities for income generation throughout the year.

Haichang Ocean Park Holdings Ltd. Financial Statement Overview

Summary
Haichang Ocean Park Holdings Ltd. faces substantial financial challenges with declining income, high leverage, and liquidity issues. The company has a negative net profit margin, high debt-to-equity ratio, and zero operating cash flow, indicating significant financial instability.
Income Statement
The income statement reflects a declining performance with consistent net losses over the years. Gross profit margin stands at 23.03% for 2024, but the company is struggling with negative net profit margins due to significant losses. Revenue growth has been erratic, with a recent slight increase of 0.08% in 2024, but the long-term trend is negative compared to 2019. Negative EBIT and EBITDA in recent years indicate operational challenges.
Balance Sheet
The balance sheet shows a high debt-to-equity ratio of 3.60 in 2024, indicating high leverage. Return on equity is negative due to net losses, reflecting inefficient use of equity. Equity ratio has declined to 16.67%, showing reduced financial stability. However, the company maintains significant total assets, which could be leveraged for future improvements.
Cash Flow
Cash flow statements reveal significant struggles, with zero operating and free cash flow in 2024, indicating liquidity issues. The free cash flow has remained negative or negligible in recent years, suggesting insufficient cash generation to cover capital expenditures and operational needs.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.70B1.82B1.82B792.99M2.46B1.17B
Gross Profit295.80M418.96M457.45M-278.73M721.26M-129.25M
EBITDA-305.78M51.65M489.27M-777.76M317.11M-419.25M
Net Income-950.63M-739.72M-197.26M-1.40B844.85M-1.45B
Balance Sheet
Total Assets10.12B10.34B11.52B10.21B11.72B16.42B
Cash, Cash Equivalents and Short-Term Investments170.21M136.52M1.81B1.35B3.21B2.41B
Total Debt6.08B6.19B6.30B5.27B5.25B8.66B
Total Liabilities8.59B8.52B9.00B7.53B7.89B13.42B
Stockholders Equity1.43B1.72B2.42B2.62B3.77B2.93B
Cash Flow
Free Cash Flow-386.59M-369.16M-805.06M-716.33M61.95M-77.19M
Operating Cash Flow-23.75M121.59M533.56M1.24M221.06M117.57M
Investing Cash Flow-1.21B-1.20B-863.93M-1.65B3.24B-413.30M
Financing Cash Flow-3.90M-573.04M809.45M-338.34M-2.59B210.81M

Haichang Ocean Park Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.48
Price Trends
50DMA
0.60
Negative
100DMA
0.69
Negative
200DMA
0.72
Negative
Market Momentum
MACD
-0.04
Negative
RSI
36.45
Neutral
STOCH
48.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2255, the sentiment is Negative. The current price of 0.48 is above the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.60, and below the 200-day MA of 0.72, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 36.45 is Neutral, neither overbought nor oversold. The STOCH value of 48.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2255.

Haichang Ocean Park Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
HK$7.53B-170.00-0.27%25.45%-2.45%-156.34%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
42
Neutral
HK$121.09M-4.43-24.34%157.17%39.38%
40
Underperform
HK$6.28B-3.75-50.43%-8.83%-393.39%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2255
Haichang Ocean Park Holdings Ltd.
0.48
-0.04
-6.86%
HK:1803
Beijing Sports and Entertainment Industry Group
0.09
<0.01
7.50%
HK:0308
China Travel International Investment Hong Kong
1.36
0.60
79.18%

Haichang Ocean Park Holdings Ltd. Corporate Events

Haichang Ocean Park Signs Strategic Cooperation Pact with Henan Science and Technology Museum
Dec 23, 2025

Haichang Ocean Park Holdings Ltd. announced that its wholly owned Zhengzhou Haichang Ocean Park has signed a non-legally binding memorandum of strategic cooperation with Henan Science and Technology Museum to jointly develop a benchmark “science popularization + cultural tourism” project in Central China. The partners plan to collaborate on cross-venue exhibitions, co-created science education content and courses, themed events, resource sharing and joint branding, aiming to offer integrated, immersive learning and entertainment experiences tailored especially to parent-child families. The board expects the alliance to leverage the museum’s role as Henan’s primary science education platform and Zhengzhou Park’s position as a leading marine-themed destination, creating a new ecological model that supports provincial strategies to integrate culture, tourism and creative industries, and potentially reshaping the regional cultural tourism landscape.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Chairman Faces Criminal Probe as Board Reshuffles Roles
Dec 22, 2025

Haichang Ocean Park Holdings Ltd. has disclosed that its chairman, executive director and chief executive officer, Yu Faxiang, is subject to criminal compulsory measures by the Shaoxing Public Security Bureau on suspicion of a criminal offence, with the case under investigation. The company said there has been no request from authorities for cooperation, no change of control, and that its directors and senior management continue to perform their duties, with production and operations remaining normal and no material impact on ordinary business expected; executive director Ouyang Ming has been proposed to assume Yu’s responsibilities on an interim basis. Separately, non-executive director Yu Honghua has resigned from the board and the remuneration committee for personal reasons, and has been replaced on the committee by non-executive director Lai Zhilin, while the company has cautioned shareholders and potential investors to exercise care when trading its securities.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Sets Out Board and Committee Structure
Dec 22, 2025

Haichang Ocean Park Holdings Ltd. has announced the current composition of its board of directors, confirming Yu Faxiang as chairman, executive director and chief executive officer, supported by executive directors Ouyang Ming and Zhan Xinwei, non-executive directors Qu Cheng and Lai Zhilin, and independent non-executive directors Wang Jun, Zhu Yuchen and Shen Han. The company has also detailed the allocation of roles across its key board committees, with Wang Jun chairing the audit committee, Zhu Yuchen chairing the remuneration committee and several independent directors serving on the audit, nomination and remuneration committees, underscoring the firm’s governance structure and oversight mechanisms for shareholders and other stakeholders.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park’s Beijing Project Enters Construction Phase
Dec 15, 2025

Haichang Ocean Park Holdings Ltd. has announced that its Beijing Haichang Ocean Park Project has entered the construction phase. This project, located near the Universal Beijing Resort, aims to be a world-class ocean cultural and tourism destination, featuring a hotel, aquarium, and various themed zones. It is expected to be completed by 2027 and will enhance the cultural and tourism offerings in Beijing, benefiting from regional policy support and creating synergies with nearby attractions.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Unveils New Immersive Night Tour at Sanya Park
Dec 8, 2025

Haichang Ocean Park Holdings Ltd. has announced the launch of a new immersive night tour performance show at Sanya Haichang Fantasy Town, in collaboration with Sanya Manpu Cultural Tourism Development Co., Ltd. This new attraction, centered around Li ethnic culture, is expected to enhance the park’s competitiveness by increasing visitor flow, brand innovation, and extending tourist stays. The performance show aims to fill the gap in local cultural night performances and establish Sanya Park as a key destination for night tours in Hainan, contributing to the region’s international tourism and consumption appeal.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Clarifies Financial Product Concerns
Dec 7, 2025

Haichang Ocean Park Holdings Ltd. has issued a clarification regarding media reports about financial products associated with its controlling shareholder, Xiangyuan Holding Group Co., Ltd., which have experienced partial delays in repayment. The company emphasized that these financial products are unrelated to its operations and shares, and it bears no repayment or guarantee obligations. Haichang Ocean Park Holdings Ltd. assures that its current production and operations remain normal, advising shareholders and potential investors to exercise caution when dealing with its securities.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Reports Revenue Boost Amid Holiday Season
Nov 25, 2025

Haichang Ocean Park Holdings Ltd. announced a significant increase in revenue for its Shanghai Haichang Ocean Park, attributed to the autumn holiday in Zhejiang Province and a seventh-anniversary marketing campaign. The park saw a 35.2% year-on-year revenue increase from November 10 to 16, 2025, and a 14.6% increase from November 17 to 23, 2025. The park’s success is linked to its unique marine and Chinese cultural offerings and its ability to adapt to market trends and consumer behavior, further solidifying its position as a leading marine theme park in China.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Announces Board Changes Amid Past Regulatory Issues
Oct 31, 2025

Haichang Ocean Park Holdings Ltd. announced changes to its board composition with the appointment of Mr. Yu Faxiang as an executive director and Mr. Lai Zhilin as a non-executive director. Despite past administrative penalties related to financial reporting issues at Sunriver Culture Tourism, the company’s nomination committee supports their appointments, citing their extensive experience in corporate strategic development and operational management. The committee emphasized that the incident was isolated, with no financial loss to Sunriver Culture Tourism, and both individuals have demonstrated accountability and integrity in addressing the matter.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Appoints New CFO to Strengthen Leadership
Oct 26, 2025

Haichang Ocean Park Holdings Ltd. has announced the appointment of Mr. Zhan Xinwei as the new Chief Financial Officer and Deputy Vice President, effective October 24, 2025. This strategic appointment is expected to enhance the company’s management operations and support its executive team, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.

Haichang Ocean Park Completes Major Share Subscription
Oct 17, 2025

Haichang Ocean Park Holdings Ltd. has completed a significant subscription of shares, resulting in the issuance of 5.1 billion shares at HK$0.45 each, raising approximately HK$2,284 million. The proceeds will be used to support daily operations, promote core business development, and repay existing debts. This move alters the company’s shareholding structure, with the subscriber now holding a 38.60% stake, impacting the company’s financial stability and market positioning.

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: Dec 10, 2025