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Hilong Holding Ltd.
(1623)
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Rating:48Neutral
Price Target:
HK$0.24
▲(21.50% Upside)
Action:Reiterated
Date:08/08/26
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.
Positive Factors
Revenue recovery
Revenue recovery and continued growth through 2025 indicate improving demand across Hilong’s oilfield products and services. A strengthening top line can support better operating leverage and provide a foundation for rebuilding profitability if cost control and pricing improve.
Negative Factors
2025 net loss
The shift from healthy profitability in 2022–2023 to near breakeven in 2024 and a meaningful loss in 2025 is a material deterioration in earnings quality. Persistent margin pressure would reduce reinvestment capacity and weaken resilience through the industry cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Revenue recovery and continued growth through 2025 indicate improving demand across Hilong’s oilfield products and services. A strengthening top line can support better operating leverage and provide a foundation for rebuilding profitability if cost control and pricing improve.
Read all positive factors
Hilong Holding Ltd. (1623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$412.23M
Dividend Yield1.23%
Average Volume (3M)467.52K
Price to Earnings (P/E)5.6
Beta (1Y)0.09
Revenue Growth12.20%
EPS GrowthN/A
CountryHK
Employees3,030
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,696,438,600
10 Day Avg. Volume298,600
30 Day Avg. Volume467,522
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.09
Price to Sales (P/S)0.06
P/FCF Ratio5.12
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)N/A
Revenue Forecast (FY)N/A
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 Manufac...
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/p...
Hilong Holding Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| 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
Neutral
0.20
Price Trends
0.23
Positive
0.23
Positive
0.23
Positive
Market Momentum
<0.01
Positive
47.11
Neutral
67.55
Neutral
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 0.2 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.23, and below the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.11 is Neutral, neither overbought nor oversold. The STOCH value of 67.55 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.33B | 6.09 | 8.59% | 5.38% | 11.66% | 11.67% | |
66 Neutral | HK$56.88B | 15.30 | 8.30% | 4.23% | 6.80% | 14.80% | |
66 Neutral | HK$14.56B | 11.07 | 8.76% | 4.41% | 6.18% | -5.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | HK$328.07M | -950.00 | -0.18% | 2.03% | -12.54% | 98.82% | |
50 Neutral | HK$189.84M | 4.80 | 8.78% | 2.09% | 94.77% | ― | |
48 Neutral | HK$412.23M | 5.61 | 2.06% | 1.25% | 12.20% | ― |
* Energy Sector Average
HK:1623
Hilong Holding Ltd.
0.24
-0.01
-5.45%
HK:3337
Anton Oilfield Services Group
0.78
-0.31
-28.37%
HK:2883
China Oilfield Services
7.66
1.05
15.89%
HK:3899
CIMC Enric Holdings
6.89
-0.90
-11.52%
HK:1080
Shengli Oil & Gas Pipe Holdings Ltd.
0.05
-0.04
-43.68%
HK:2178
Petro-king Oilfield Services Ltd.
0.19
0.13
216.67%
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-divide...
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...
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 ...
Hilong flags return to profit on stronger oilfield services revenue and absence of vessel impairment
Aug 3, 2026
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...
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.