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

• Market Cap: HK$5.84B
• Dividend Yield: N/A
• Average Volume (3M): 57.48M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: -1.45%
• EPS Growth: -269.03%
• Country: HK
• Employees: 3,267
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Leisure
• EPS (TTM): -0.10
• Shares Outstanding: 8,114,002,000
• 10 Day Avg. Volume: 41,780,700
• 30 Day Avg. Volume: 57,481,314
• PEG Ratio: 0.03
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: ―

Haichang Ocean Park Holdings Ltd. is facing significant financial hurdles, with declining financial performance and high leverage. While technical indicators suggest some short-term positive momentum, the negative P/E ratio and lack of dividends undermine the stock's valuation appeal. The company needs to address its operational inefficiencies and improve cash flows to enhance its overall financial health.

Haichang Ocean Park Holdings Ltd. Business Overview & Revenue Model

Company Description

Haichang 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 Money

Haichang Ocean Park Holdings Ltd. generates revenue primarily through the operation of its ocean-themed amusement parks. The company earns money from ticket sales, which include admission fees to the parks and charges for special exhibits or attractions within the parks. Other significant revenue streams include food and beverage sales, merchandise sales, and ancillary services such as parking and rental facilities within the park premises. Haichang Ocean Park also benefits from strategic partnerships and collaborations, such as sponsorships and joint marketing initiatives with other businesses, which contribute to its income. Additionally, the company may receive revenue from licensing agreements and intellectual property related to its brand and themed attractions.

Haichang Ocean Park Holdings Ltd. Financial Statement Overview

Summary

Haichang Ocean Park Holdings Ltd. faces substantial financial challenges across income, balance sheet, and cash flow statements. The company shows a declining trajectory with net losses, high leverage, and liquidity issues. Improvements in operational profitability and cash management are necessary for financial recovery.

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.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.82B	1.82B	792.99M	2.46B	1.17B
	Gross Profit
418.96M	457.45M	-278.73M	721.26M	-129.25M
	EBIT
-280.19M	0.00	-854.27M	-95.58M	-1.00B
	EBITDA
51.65M	489.27M	-777.76M	317.11M	-419.25M
	Net Income Common Stockholders
-739.72M	-197.26M	-1.40B	844.85M	-1.45B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
136.52M	1.81B	1.35B	3.21B	2.41B
	Total Assets
10.34B	11.52B	10.21B	11.72B	16.42B
	Total Debt
6.19B	6.30B	5.27B	5.25B	9.25B
	Net Debt
6.13B	4.60B	4.02B	2.05B	6.84B
	Total Liabilities
8.52B	9.00B	7.53B	7.89B	13.42B
	Stockholders Equity
1.72B	2.42B	2.62B	3.77B	2.93B
Cash Flow		Free Cash Flow
-369.16M	-805.06M	-716.33M	61.95M	-77.19M
	Operating Cash Flow
121.59M	533.56M	1.24M	221.06M	117.57M
	Investing Cash Flow
-1.20B	-863.93M	-1.65B	3.24B	-413.30M
	Financing Cash Flow
-573.04M	809.45M	-338.34M	-2.59B	210.81M

Haichang Ocean Park Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.72
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2255, the sentiment is Positive. The current price of 0.72 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.75, and above the 200-day MA of 0.67, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.23 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2255.

Haichang Ocean Park Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	S$867.09M	32.96	6.05%	4.28%	6.06%	-31.90%
2255	45 Neutral	HK$5.84B	―	-35.71%	―	-1.45%	-269.03%
1803	44 Neutral	HK$146.43M	―	-18.56%	―	171.93%	53.45%
CTVIF		$712.36M	36.72	0.65%	8.46%	―	―

Haichang Ocean Park Holdings Ltd. Corporate Events

Haichang Ocean Park Holdings Ltd. Announces 2025 Annual General Meeting

Haichang Ocean Park Holdings Ltd. has announced its upcoming annual general meeting scheduled for June 27, 2025, in Shanghai. The meeting will address several key resolutions, including the adoption of the company’s audited financial statements for 2024, re-election of directors, re-appointment of the independent auditor, and approval of share-related authorizations. These resolutions are crucial for the company’s governance and operational continuity, potentially impacting its strategic direction and stakeholder interests.

Haichang Ocean Park Reports 2024 Financial Results with Increased Losses

Haichang Ocean Park Holdings Ltd. announced its audited consolidated results for the year ended December 31, 2024. The company reported a slight increase in revenue compared to the previous year, but faced a significant loss before tax, largely due to increased administrative expenses and finance costs. The loss for the year was attributed mainly to the owners of the parent company, with a notable decrease in earnings per share, indicating financial challenges that may impact stakeholders and the company’s market positioning.

Haichang Ocean Park Enhances Board Diversity and Governance

Haichang Ocean Park Holdings Ltd. has revised the terms of reference for its Nomination Committee, emphasizing diversity and effective governance. The updated guidelines aim to enhance the board’s structure and composition, ensuring a diverse and skilled board to support the company’s strategic goals and improve corporate governance practices.

Haichang Ocean Park Holdings Schedules Board Meeting for Financial Results

Haichang Ocean Park Holdings Ltd. has announced a board meeting scheduled for March 28, 2025, to discuss and approve the audited financial results for the year ending December 31, 2024. The meeting will also consider the possibility of declaring a final dividend, which could impact the company’s financial strategy and shareholder returns.