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Haichang Ocean Park Holdings Ltd.
(2255)
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Rating:46Neutral
Price Target:
HK$0.23
▼(-53.13% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial performance: declining revenue, deepening losses, high leverage, and negative operating/free cash flow. Technicals are moderately supportive with the price above shorter-term averages and a neutral-to-positive RSI, but momentum signals are mixed. Valuation remains unattractive/indeterminate due to negative earnings and no provided dividend yield.
Positive Factors
Diversified Park Monetization
The company monetizes visitor traffic through several complementary channels rather than relying solely on admission tickets. Food, beverage, retail, attractions, and related services can increase per-capita spending and provide multiple avenues for operating improvement as attendance recovers.
Negative Factors
Contracting Revenue and Margins
Recent revenue contraction combined with sharply lower gross and operating margins signals weak demand conversion and poor operating leverage. If sustained, this reduces the earnings base available to support park operations, limits reinvestment capacity, and makes a durable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Park Monetization
The company monetizes visitor traffic through several complementary channels rather than relying solely on admission tickets. Food, beverage, retail, attractions, and related services can increase per-capita spending and provide multiple avenues for operating improvement as attendance recovers.
Read all positive factors
Haichang Ocean Park Holdings Ltd. (2255) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.04B
Dividend YieldN/A
Average Volume (3M)9.96M
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue Growth-15.56%
EPS Growth18.85%
CountryHK
Employees2,702
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.09
Shares Outstanding13,214,002,000
10 Day Avg. Volume11,483,304
30 Day Avg. Volume9,961,901
Financial Highlights & Ratios
PEG Ratio-0.42
Price to Book (P/B)1.37
Price to Sales (P/S)2.42
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)-0.03
Revenue Forecast (FY)HK$1.66B
Haichang Ocean Park Holdings Ltd. Business Overview & Revenue Model
Company Description
Haichang Ocean Park Holdings Ltd., together with its subsidiaries, engages in developing and constructing theme parks in the People’s Republic of China. It operates in three segments: Park Operations, Operation as a Service, and Property Developme...
How the Company Makes Money
Haichang Ocean Park Holdings Ltd. primarily makes money by operating ocean-themed parks and monetizing visitor traffic on-site. Key revenue streams typically include: (1) Admissions and in-park tickets: sales of entrance tickets and, where applica...
Haichang Ocean Park Holdings Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 1.55B | 1.82B | 1.82B | 792.99M | 2.46B |
| Gross Profit | 258.50M | 303.63M | 418.96M | 457.45M | -278.73M | 721.26M |
| EBITDA | -171.91M | -135.97M | 110.73M | 489.27M | -777.76M | 391.78M |
| Net Income | -988.64M | -955.88M | -739.72M | -197.26M | -1.40B | 844.85M |
Balance Sheet | ||||||
| Total Assets | 10.00B | 10.79B | 10.34B | 11.52B | 10.21B | 11.72B |
| Cash, Cash Equivalents and Short-Term Investments | 531.63M | 1.15B | 136.52M | 1.81B | 1.35B | 3.21B |
| Total Debt | 5.75B | 5.97B | 6.19B | 6.30B | 5.27B | 5.25B |
| Total Liabilities | 7.53B | 7.62B | 8.52B | 9.00B | 7.53B | 7.89B |
| Stockholders Equity | 2.41B | 2.75B | 1.72B | 2.42B | 2.62B | 3.77B |
Cash Flow | ||||||
| Free Cash Flow | -940.49M | -453.15M | -369.16M | -805.06M | -716.33M | 61.95M |
| Operating Cash Flow | -700.45M | -216.06M | 121.59M | 533.56M | 1.24M | 221.06M |
| Investing Cash Flow | -229.87M | -204.88M | -1.20B | -863.93M | -1.65B | 3.24B |
| Financing Cash Flow | 1.28B | 1.41B | -573.04M | 809.45M | -338.34M | -2.59B |
Haichang Ocean Park Holdings Ltd. Technical Analysis
Neutral
0.48
Price Trends
0.21
Positive
0.27
Negative
0.37
Negative
Market Momentum
0.02
Negative
53.93
Neutral
62.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2255, the sentiment is Neutral. The current price of 0.48 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.21, and above the 200-day MA of 0.37, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$177.66B | 11.73 | 57.49% | 2.02% | 86.78% | 101.48% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.02B | -4.14 | -5.52% | 9.09% | -18.78% | 42.15% | |
50 Neutral | HK$6.06B | -72.52 | -0.73% | 32.51% | -6.83% | -87.50% | |
47 Neutral | HK$8.71B | 1,116.01 | 1.95% | ― | 13.06% | -80.34% | |
46 Neutral | HK$3.04B | -2.19 | -38.34% | ― | -15.56% | 18.85% | |
43 Neutral | HK$126.72M | -8.59 | -13.08% | 65.07% | 6.16% | 52.99% |
* Consumer Cyclical Sector Average
HK:2255
Haichang Ocean Park Holdings Ltd.
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Haichang Ocean Park Holdings Ltd. Corporate Events
Haichang Ocean Park Shifts Hong Kong Headquarters to K11 Atelier
Oct 26, 2026
Haichang Ocean Park Holdings Ltd. has announced a change to its principal place of business in Hong Kong, moving its offices to the 7th Floor, K11 ATELIER, Victoria Dockside, in Tsim Sha Tsui, Kowloon, effective 26 October 2026. The relocation to ...
Haichang Ocean Park Says CSRC Probe of Major Shareholder Will Not Affect Operations
Oct 11, 2026
Haichang Ocean Park has disclosed that its controlling shareholder, Mr. Yu Faxiang, is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws. According to the board, the case conc...
Haichang Ocean Park’s Interim Loss Widens as Revenue Drops
Aug 31, 2026
Haichang Ocean Park Holdings reported a sharp deterioration in interim performance for the six months ended 30 June 2026, with revenue falling to RMB535.9 million from RMB686.3 million a year earlier and gross profit dropping to RMB26.9 million. T...
Haichang Ocean Park Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Haichang Ocean Park Holdings Ltd. has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, a de...
Haichang Ocean Park Revamps Board, Brings in Themed Tourism Veteran as New CEO and Chairman
Aug 18, 2026
Haichang Ocean Park Holdings Ltd. announced significant leadership changes effective 18 August 2026, including the resignations of non-executive directors He Qigen and Lai Zhilin, and the step-down of chairman Liu Jiangtao and chief executive offi...
Haichang Ocean Park Clarifies Board Composition and Governance Roles
Aug 18, 2026
Haichang Ocean Park Holdings Ltd. has detailed the composition of its board of directors, confirming a mix of executive, non-executive and independent non-executive members led by chairman and chief executive officer Chen Wancheng. The company als...
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.