Haichang Ocean Park Holdings Ltd. (HK:2255)
:2255
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Haichang Ocean Park Holdings Ltd.
(2255)
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Rating:41Neutral
Price Target:
HK$0.42
▼(-13.54% Downside)
Action:ReiteratedDate:05/04/26
The score is weighed down primarily by poor financial performance (worsening losses, high leverage, and negative operating/free cash flow). Technical indicators also remain bearish (below key moving averages with weak momentum). Valuation provides little support due to negative earnings and no stated dividend yield.
Positive Factors
Diversified experiential revenue model
Haichang’s core business is experiential leisure built around ocean parks and integrated services. Multiple on-site revenue streams (admissions, F&B, retail, resort services) create durable demand capture and higher per-visitor monetization potential versus single-product businesses.
Negative Factors
Revenue contraction and weak margins
Recent revenue decline with deeply negative operating and net margins signals weak pricing power and poor operating leverage. Structural profitability remains impaired, making sustainable earnings recovery unlikely without durable revenue growth or significant cost base reengineering.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified experiential revenue model
Haichang’s core business is experiential leisure built around ocean parks and integrated services. Multiple on-site revenue streams (admissions, F&B, retail, resort services) create durable demand capture and higher per-visitor monetization potential versus single-product businesses.
Read all positive factors
Haichang Ocean Park Holdings Ltd. (2255) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.68B
Dividend YieldN/A
Average Volume (3M)77.54M
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth-14.70%
EPS Growth-14.56%
CountryHK
Employees3,267
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.11
Shares Outstanding13,214,002,000
10 Day Avg. Volume34,495,500
30 Day Avg. Volume77,535,580
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)1.37
Price to Sales (P/S)2.48
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)-0.01
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
The company primarily makes money by selling access to and experiences within its ocean park destinations and by monetizing visitor spending once inside the parks. Key revenue streams include: (1) Park admission and related ticketing: sales of ent...
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 | 1.51B | 1.82B | 1.82B | 792.99M | 2.46B |
| Gross Profit | 295.77M | 418.96M | 457.45M | -278.73M | 721.26M |
| EBITDA | -126.83M | 51.65M | 489.27M | -777.76M | 317.11M |
| Net Income | -931.14M | -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. Technical Analysis
Negative
0.48
Price Trends
0.51
Negative
0.52
Negative
0.65
Negative
Market Momentum
>-0.01
Positive
38.71
Neutral
25.25
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 below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.51, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.71 is Neutral, neither overbought nor oversold. The STOCH value of 25.25 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | HK$6.31B | -25.32 | -0.27% | 25.45% | -11.91% | -366.49% | |
46 Neutral | HK$129.54M | -2.90 | -26.02% | ― | 12.34% | -8.02% | |
41 Neutral | HK$5.68B | -4.03 | -45.24% | ― | -14.70% | -14.56% |
* Consumer Cyclical Sector Average
HK:2255
Haichang Ocean Park Holdings Ltd.
0.43
-0.27
-38.57%
HK:1803
Beijing Sports and Entertainment Industry Group
0.09
>-0.01
-8.91%
HK:0308
China Travel International Investment Hong Kong
1.14
0.30
35.71%
Haichang Ocean Park Holdings Ltd. Corporate Events
Haichang Ocean Park Sets 2026 AGM to Renew Board Mandates and Share Issuance Authority
Apr 29, 2026
Haichang Ocean Park Holdings has called an annual general meeting for 30 June 2026 in Shanghai, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025. The agenda also includes re-election of ...
Haichang Ocean Park Names New Company Secretary and Authorised Representative
Mar 31, 2026
Haichang Ocean Park Holdings Ltd. has announced the resignation of company secretary, authorised representative and Hong Kong process agent Ms. So Lai Shan, effective 31 March 2026, with the board noting there is no disagreement or issue requiring...
Haichang Ocean Park’s 2025 Loss Widens as Revenue Falls and Costs Stay High
Mar 31, 2026
Haichang Ocean Park reported a decline in revenue to RMB1.55 billion in 2025 from RMB1.82 billion a year earlier, as cost of sales remained high and gross profit fell to RMB303.6 million. Administrative and selling expenses, together with finance ...
Haichang Ocean Park Sets Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
Haichang Ocean Park Holdings has scheduled a board meeting for 31 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025 and to authorize their publication. The board will also consider the proposa...
Haichang Defends Integrity and Suitability of New Executive Director After Regulatory Penalty
Mar 6, 2026
Haichang Ocean Park Holdings has issued a supplemental announcement explaining its board and nomination committee’s assessment of newly appointed executive director Liu Jiangtao, after an administrative penalty tied to his former role at Cai...
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.