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Haichang Ocean Park Holdings Ltd.
(2255)
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Rating:43Neutral
Price Target:
HK$0.32
▼(-33.75% Downside)
Action:Reiterated
Date:08/21/26
The score is primarily held down by poor financial performance—contracting revenue, widening losses, and negative operating/free cash flow—along with still-elevated leverage despite some improvement. Technicals add further pressure with the stock trading below major moving averages and negative MACD. Valuation offers limited support because the negative P/E reflects ongoing losses and there is no dividend yield data to offset risk.
Positive Factors
Improved Leverage
The reduction in leverage strengthens the capital structure and may improve financial flexibility over the medium term, although debt remains elevated and the benefit is constrained by ongoing losses and weak cash generation.
Negative Factors
Contracting Revenue and Margins
Revenue contraction alongside sharply lower gross and operating margins signals weak demand or cost absorption and reduces operating leverage, making a durable return to profitability dependent on sustained attendance and expense improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
The reduction in leverage strengthens the capital structure and may improve financial flexibility over the medium term, although debt remains elevated and the benefit is constrained by ongoing losses and weak cash generation.
Read all positive factors
Haichang Ocean Park Holdings Ltd. (2255) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.36B
Dividend YieldN/A
Average Volume (3M)77.54M
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-14.70%
EPS Growth-14.56%
CountryHK
Employees2,842
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.10
Shares Outstanding13,214,002,000
10 Day Avg. Volume34,495,500
30 Day Avg. Volume77,535,580
Financial Highlights & Ratios
PEG Ratio-0.42
Price to Book (P/B)1.37
Price to Sales (P/S)2.42
P/FCF Ratio-8.28
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)-0.03
Revenue Forecast (FY)HK$1.66B
Haichang Ocean Park Holdings Ltd. Business Overview & Revenue Model
Company Description
Haichang Ocean Park Holdings Ltd., together with its subsidiaries, engages in developing and constructing theme parks in the People’s Republic of China. It operates in three segments: Park Operations, Operation as a Service, and Property Developme...
How the Company Makes Money
Haichang Ocean Park Holdings Ltd. primarily makes money by operating ocean-themed parks and monetizing visitor traffic on-site. Key revenue streams typically include: (1) Admissions and in-park tickets: sales of entrance tickets and, where applica...
Haichang Ocean Park Holdings Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.55B | 1.82B | 1.82B | 792.99M | 2.46B |
| Gross Profit | 303.63M | 418.96M | 457.45M | -278.73M | 721.26M |
| EBITDA | -201.49M | 51.65M | 489.27M | -777.76M | 317.11M |
| Net Income | -955.88M | -739.72M | -197.26M | -1.40B | 844.85M |
Balance Sheet | |||||
| Total Assets | 10.79B | 10.34B | 11.52B | 10.21B | 11.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 136.52M | 1.81B | 1.35B | 3.21B |
| Total Debt | 5.97B | 6.19B | 6.30B | 5.27B | 5.25B |
| Total Liabilities | 7.62B | 8.52B | 9.00B | 7.53B | 7.89B |
| Stockholders Equity | 2.75B | 1.72B | 2.42B | 2.62B | 3.77B |
Cash Flow | |||||
| Free Cash Flow | -453.15M | -369.16M | -805.06M | -716.33M | 61.95M |
| Operating Cash Flow | -216.06M | 121.59M | 533.56M | 1.24M | 221.06M |
| Investing Cash Flow | -204.88M | -1.20B | -863.93M | -1.65B | 3.24B |
| Financing Cash Flow | 1.41B | -573.04M | 809.45M | -338.34M | -2.59B |
Haichang Ocean Park Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$198.21B | 13.95 | 69.31% | 1.69% | 86.78% | 101.48% | |
64 Neutral | HK$951.28M | -2.63 | -7.77% | 9.22% | -39.09% | 5.19% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$8.35B | 233.16 | 9.09% | ― | 0.91% | -30.36% | |
50 Neutral | HK$6.28B | -26.68 | -1.74% | 28.83% | -11.91% | -366.49% | |
44 Neutral | HK$135.17M | -4.46 | -26.46% | ― | 12.34% | -8.02% | |
43 Neutral | HK$4.36B | -2.80 | -45.76% | ― | -14.70% | -14.56% |
* Consumer Cyclical Sector Average
HK:2255
Haichang Ocean Park Holdings Ltd.
0.33
-0.43
-56.58%
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0.08
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-40.91%
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1.15
-0.11
-8.59%
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-0.03
-5.35%
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Pop Mart International Group Limited
153.70
-160.53
-51.09%
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8.70
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650.00%
Haichang Ocean Park Holdings Ltd. Corporate Events
Haichang Ocean Park Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Haichang Ocean Park Holdings Ltd. has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, a de...
Haichang Ocean Park Revamps Board, Brings in Themed Tourism Veteran as New CEO and Chairman
Aug 18, 2026
Haichang Ocean Park Holdings Ltd. announced significant leadership changes effective 18 August 2026, including the resignations of non-executive directors He Qigen and Lai Zhilin, and the step-down of chairman Liu Jiangtao and chief executive offi...
Haichang Ocean Park Clarifies Board Composition and Governance Roles
Aug 18, 2026
Haichang Ocean Park Holdings Ltd. has detailed the composition of its board of directors, confirming a mix of executive, non-executive and independent non-executive members led by chairman and chief executive officer Chen Wancheng. The company als...
Haichang Ocean Park Reveals Major Share Transfers That Will Reshape Its Shareholder Base
Jul 30, 2026
Haichang Ocean Park Holdings Ltd. has disclosed planned share transfers by major shareholders to HH SeaPark Holding Limited, a Cayman-incorporated investment vehicle ultimately owned by Mei Ming Zhi. Under two sale and purchase agreements, non-exe...
Haichang Ocean Park Wins Shareholder Backing for All AGM Resolutions and Capital Mandates
Jun 30, 2026
Haichang Ocean Park Holdings reported that all resolutions at its annual general meeting on 30 June 2026 were approved by shareholders via poll, including adoption of the 2025 audited financial statements and reappointment of HLB Hodgson Impey Che...
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.