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Hilong Holding Ltd. (1623) AI Stock Analysis
Hilong Holding Ltd.
(HKEX:1623)
The score is primarily held back by weakening financial performance, notably the 2025 swing to a net loss and highly volatile free cash flow despite positive operating cash flow. Technical signals are mildly supportive with modest positive momentum, but valuation is constrained by the loss-making profile (negative P/E) and no provided dividend yield.
Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 405.45M
- Dividend Yield
- 1.26%
- Average Volume (3M)
- 377.23K
- Price to Earnings (P/E)
- 5.5
- Beta (1Y)
- 0.10
- Revenue Growth
- 12.20%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 3,030
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Hilong Holding Ltd. Business Overview & Revenue Model
Company Description
Hilong Holding Limited operates as an investment holding company, providing a comprehensive range of oilfield equipment and specialized services to clients worldwide. Its business is structured across four key divisions: Oilfield Equipment Manufactur...
How the Company Makes Money
Hilong Holding Ltd. makes money primarily by selling products and providing services to oil and gas customers across several operating lines. 1) Sale of tubular products (OCTG and related tubular goods) - Revenue is generated from manufacturing/procu...
Hilong Holding Ltd. Financial Statement Overview
Summary
Revenue has recovered and grown through 2025, but profitability deteriorated sharply: margins compressed to near breakeven in 2024 and turned meaningfully negative in 2025. Leverage improved to ~0.8x debt-to-equity, yet returns fell to negative in 2025. Operating cash flow stayed positive, but free cash flow has been volatile and fell sharply in 2025, pointing to weaker earnings quality and execution/cycle sensitivity.
Income Statement
44NeutralBalance Sheet
58NeutralCash Flow
46Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.91B | 4.88B | 4.67B | 4.25B | 3.74B | 2.92B |
| Gross Profit | 1.46B | 1.22B | 1.12B | 915.47M | 1.07B | 898.32M |
| EBITDA | 1.19B | 748.47M | 670.21M | 825.86M | 819.81M | 675.11M |
| Net Income | 60.64M | -323.55M | 28.27M | 148.66M | 140.98M | 44.25M |
Balance Sheet | ||||||
| Total Assets | 6.86B | 7.65B | 8.08B | 7.96B | 7.80B | 7.07B |
| Cash, Cash Equivalents and Short-Term Investments | 798.38M | 1.09B | 934.21M | 958.78M | 869.65M | 818.06M |
| Total Debt | 2.16B | 2.38B | 2.71B | 2.89B | 3.13B | 3.06B |
| Total Liabilities | 3.97B | 4.68B | 4.82B | 4.63B | 4.45B | 4.03B |
| Stockholders Equity | 2.90B | 2.97B | 3.26B | 3.34B | 3.32B | 3.02B |
Cash Flow | ||||||
| Free Cash Flow | -440.73M | 53.67M | 143.22M | -41.21M | 417.07M | 312.51M |
| Operating Cash Flow | -168.03M | 366.17M | 421.56M | 219.72M | 556.15M | 453.81M |
| Investing Cash Flow | 377.64M | -99.55M | -193.63M | 286.36M | -103.10M | -23.55M |
| Financing Cash Flow | -320.11M | -342.20M | -378.26M | -495.47M | -320.97M | -492.44M |
Hilong Holding Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1623, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.24, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 59.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1623.
Hilong Holding Ltd. Peers Comparison
Overall Rating
HK:288379.2Outperform
HK:333772Outperform
HK:389968Neutral- HK:162348Neutral
HK:108047Neutral
HK:217845Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2883 | 79Outperform | HKD 61.59B | 16.81 | 8.14% | 4.17% | 6.80% | 14.80% |
| HK:3337 | 72Outperform | HKD 2.21B | 5.74 | 8.59% | 5.82% | 11.66% | 11.67% |
| HK:3899 | 68Neutral | HKD 14.59B | 11.02 | 8.76% | 4.49% | 6.18% | -5.47% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HK:1623 | 48Neutral | HKD 405.45M | 5.48 | 2.06% | 1.26% | 12.20% | ― |
| HK:1080 | 47Neutral | HKD 178.22M | 4.48 | 8.78% | ― | 94.77% | ― |
| HK:2178 | 45Neutral | HKD 317.71M | -920.00 | -0.18% | ― | -12.54% | 98.82% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1623 | Hilong Holding Ltd. | 0.24 | 0.02 | 8.14% | |
| HK:3337 | Anton Oilfield Services | 0.73 | -0.26 | -26.13% | |
| HK:2883 | China Oilfield Services Class H | 7.76 | 0.41 | 5.53% | |
| HK:3899 | CIMC Enric Holdings | 6.90 | -0.39 | -5.32% | |
| HK:1080 | Shengli Oil & Gas Pipe Holdings Ltd. | 0.05 | -0.04 | -47.13% | |
| HK:2178 | Petro-king Oilfield Services Ltd. | 0.18 | 0.12 | 206.67% |
Hilong Holding Ltd. Corporate Events
Hilong Holding Declares Interim Cash Dividend for First Half of 2026
Hilong Holding Limited has announced an interim ordinary cash dividend of HKD 0.003 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars, with the ex-dividend...
Hilong Returns to Profit on Strong Margin Recovery and Declares Interim Dividend
Hilong Holding Limited reported interim revenue of RMB2,355.9 million for the six months ended 30 June 2026, a modest 1.4% increase year-on-year, but achieved a strong rebound in profitability. Gross profit surged 60.1% to RMB642.7 million as cost of...
Hilong Sets Late-August Board Meeting to Approve Interim Results and Consider Dividend
Hilong Holding Limited has scheduled a board meeting for 29 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026 and to consider their publication. The board will also decide whether to declare an...
Hilong flags return to profit on stronger oilfield services revenue and absence of vessel impairment
Hilong Holding Limited expects to swing to a net profit of between RMB35 million and RMB55 million for the six months ended 30 June 2026, compared with a net loss of RMB324.9 million a year earlier. The improvement is driven by higher revenue from tu...
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: Aug 08, 2026