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Hilong Holding Ltd. (1623) AI Stock Analysis

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HK:1623

Hilong Holding Ltd.

(HKEX:1623)

Select Model
Rating:54Neutral
Price Target:HKD 0.24â–²(8.18% Upside)
Action:reiterated
Date:11/09/26

The score is primarily constrained by deteriorating profitability and weaker cash generation. Deleveraging, steady revenue growth, and a low P/E ratio provide support, but the weak recent earnings trend and soft technical momentum indicate elevated risk.

Positive Factors
Revenue GrowthContinued revenue growth indicates that Hilong is maintaining demand across its oilfield equipment, tubular products, coating, and engineering activities. If sustained, this expanding top line can support operating scale, reinforce customer relationships, and provide a foundation for future earnings recovery.
Negative Factors
Profitability DeteriorationThe shift from healthy margins in 2022–2023 to a meaningful net loss in 2025 signals a material deterioration in earnings quality. Continued cost pressure or weaker pricing and mix could limit reinvestment capacity, weaken returns, and delay a durable recovery in shareholder profitability.

Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%40%50%HK:1623+14.58%EWH+8.17%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 373.22M
Dividend Yield
1.36%
Average Volume (3M)
384.47K
Price to Earnings (P/E)
5.1
Beta (1Y)
0.11
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 growth and lower leverage are positives, but the 2025 net loss, sharply negative ROE, reduced EBIT margin, and weaker operating cash flow weigh on financial quality. The score reflects the provided income statement, balance sheet, and cash flow scores, with greater emphasis on profitability.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Jun 2024Dec 2022Dec 2021
Income Statement
Total Revenue4.91B4.88B4.67B4.25B3.74B2.92B
Gross Profit1.46B1.22B1.12B915.47M1.07B898.32M
EBITDA1.19B748.47M670.21M825.86M819.81M675.11M
Net Income60.64M-323.55M28.27M148.66M140.98M44.25M
Balance Sheet
Total Assets6.86B7.65B8.08B7.96B7.80B7.07B
Cash, Cash Equivalents and Short-Term Investments798.38M1.09B934.21M958.78M869.65M818.06M
Total Debt2.16B2.38B2.71B2.89B3.13B3.06B
Total Liabilities3.97B4.68B4.82B4.63B4.45B4.03B
Stockholders Equity2.90B2.97B3.26B3.34B3.32B3.02B
Cash Flow
Free Cash Flow-440.73M53.67M143.22M-41.21M417.07M312.51M
Operating Cash Flow-168.03M366.17M421.56M219.72M556.15M453.81M
Investing Cash Flow377.64M-99.55M-193.63M286.36M-103.10M-23.55M
Financing Cash Flow-320.11M-342.20M-378.26M-495.47M-320.97M-492.44M

Hilong Holding Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.22

Price Trends

50DMA0.24Negative
100DMA0.23Negative
200DMA0.23Negative

Market Momentum

MACD-0.00Positive
RSI30.20Neutral
STOCH12.48Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1623, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.24, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 30.20 is Neutral, neither overbought nor oversold. The STOCH value of 12.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1623.

Hilong Holding Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1623 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2883HK:288379OutperformHKD 55.51B15.238.14%4.67%6.80%14.80%
HK:3899HK:389971OutperformHKD 14.91B11.308.76%4.40%6.18%-5.47%
HK:3337HK:333766NeutralHKD 2.19B5.728.59%5.86%11.66%11.67%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
HK:2178HK:217858NeutralHKD 274.94M-795.00-0.18%―-12.54%98.82%
HK:1623HK:162354NeutralHKD 373.22M5.072.06%1.36%12.20%―
HK:1080HK:108047NeutralHKD 158.85M4.008.78%―94.77%―

* Energy Sector Average

Performance Comparison

0%200%400%HK:1623HK:3337HK:2883HK:3899HK:1080HK:2178Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1623 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1623Hilong Holding Ltd.0.220.0316.40%
HK:3337Anton Oilfield Services0.73-0.22-23.00%
HK:2883China Oilfield Services Class H6.93-0.76-9.93%
HK:3899CIMC Enric Holdings 7.05-0.40-5.39%
HK:1080Shengli Oil & Gas Pipe Holdings Ltd.0.04-0.05-55.91%
HK:2178Petro-king Oilfield Services Ltd.0.160.10165.00%

Hilong Holding Ltd. Corporate Events

Hilong Holding Declares Interim Cash Dividend for First Half of 2026

Aug 30, 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

Aug 30, 2026

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

Aug 17, 2026

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 interi...

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.

Date of analysis: Nov 09, 2026