Haichang Ocean Park Holdings Ltd. (HK:2255)
:2255
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Haichang Ocean Park Holdings Ltd.
(2255)
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Rating:45Neutral
Price Target:
HK$0.57
▲(17.92% Upside)
Action:ReiteratedDate:01/16/26
The score is primarily held back by weak financial performance (ongoing losses, high leverage, and lack of operating/free cash flow). Technicals are mixed—short-term strength but weaker longer-term trend and negative MACD—while valuation is difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Diversified park revenue streams
Haichang monetizes visitor traffic across admissions, F&B, retail and events, creating multiple complementary revenue lines. This structural mix supports per-visitor yield and cross-selling, improving resilience to fluctuations in attendance versus a single-product model.
Negative Factors
High leverage
Very high leverage and a low equity ratio materially reduce financial flexibility, raise refinancing and interest-rate risk, and constrain the company’s ability to invest in upgrades or new parks. In downturns, leverage amplifies downside and limits strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified park revenue streams
Haichang monetizes visitor traffic across admissions, F&B, retail and events, creating multiple complementary revenue lines. This structural mix supports per-visitor yield and cross-selling, improving resilience to fluctuations in attendance versus a single-product model.
Read all positive factors
Haichang Ocean Park Holdings Ltd. (2255) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.41B
Dividend YieldN/A
Average Volume (3M)77.54M
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth-8.83%
EPS Growth-393.39%
CountryHK
Employees3,267
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)N/A
Shares Outstanding13,214,002,000
10 Day Avg. Volume34,495,500
30 Day Avg. Volume77,535,580
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.48
Price to Sales (P/S)2.35
P/FCF Ratio-11.56
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)-0.01
Revenue Forecast (FY)HK$2.24B
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...
How the Company Makes Money
Haichang 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 ...
Haichang Ocean Park Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.70B | 1.82B | 1.82B | 792.99M | 2.46B | 1.17B |
| Gross Profit | 295.80M | 418.96M | 457.45M | -278.73M | 721.26M | -129.25M |
| EBITDA | -305.78M | 51.65M | 489.27M | -777.76M | 317.11M | -419.25M |
| Net Income | -950.63M | -739.72M | -197.26M | -1.40B | 844.85M | -1.45B |
Balance Sheet | ||||||
| Total Assets | 10.12B | 10.34B | 11.52B | 10.21B | 11.72B | 16.42B |
| Cash, Cash Equivalents and Short-Term Investments | 170.21M | 136.52M | 1.81B | 1.35B | 3.21B | 2.41B |
| Total Debt | 6.08B | 6.19B | 6.30B | 5.27B | 5.25B | 8.66B |
| Total Liabilities | 8.59B | 8.52B | 9.00B | 7.53B | 7.89B | 13.42B |
| Stockholders Equity | 1.43B | 1.72B | 2.42B | 2.62B | 3.77B | 2.93B |
Cash Flow | ||||||
| Free Cash Flow | -386.59M | -369.16M | -805.06M | -716.33M | 61.95M | -77.19M |
| Operating Cash Flow | -23.75M | 121.59M | 533.56M | 1.24M | 221.06M | 117.57M |
| Investing Cash Flow | -1.21B | -1.20B | -863.93M | -1.65B | 3.24B | -413.30M |
| Financing Cash Flow | -3.90M | -573.04M | 809.45M | -338.34M | -2.59B | 210.81M |
Haichang Ocean Park Holdings Ltd. Technical Analysis
Negative
0.48
Price Trends
0.52
Negative
0.55
Negative
0.66
Negative
Market Momentum
-0.01
Positive
39.37
Neutral
16.67
Positive
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 below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.52, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$6.31B | -47.49 | -0.27% | 25.45% | -2.45% | -156.34% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
45 Neutral | HK$6.41B | -4.95 | -60.26% | ― | -8.83% | -393.39% | |
41 Neutral | HK$112.64M | -5.42 | -26.02% | ― | 157.17% | 39.38% |
* Consumer Cyclical Sector Average
HK:2255
Haichang Ocean Park Holdings Ltd.
0.49
-0.17
-25.38%
HK:1803
Beijing Sports and Entertainment Industry Group
0.08
-0.01
-12.09%
HK:0308
China Travel International Investment Hong Kong
1.14
0.28
33.18%
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 “sci...
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, wi...
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...
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 destinati...
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...
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 c...
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-ye...
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...
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 mana...
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, p...
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.
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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.