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Hilong Holding Limited logo

Hilong Holding Limited

1623.HK

HKSEEnergyOil & Gas Equipment & Services

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Latest quote

HK$0.224

−HK$0.001 · -0.44%

Aug 24, 10:29 AM HKTData delayed

1623.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 Manufacturing and Services, which produces and sells oilfield gear and offers protective coatings for oil country tubular goods (OCTG); Line Pipe Technology and Services, focusing on solutions for oil and gas pipelines and the production of anti-corrosive and anti-friction coating materials; Oilfield Services, delivering well drilling, integrated operational support, and OCTG trading to energy companies; and Offshore Engineering Services, dedicated to offshore design and engineering expertise. Furthermore, Hilong is involved in the fabrication, distribution, and trade of various oil and gas equipment, manufactures and supplies hardbanding materials and specialized steel, conducts research and development for oil and gas equipment technologies and coating innovations, and provides inspection, repair, and general support for oil and gas infrastructure. Established in 2002, the company maintains its headquarters in Shanghai, People's Republic of China, and is a subsidiary of Hilong Group Limited.

Industry
Oil & Gas Equipment & Services
Sector
Energy
Headquarters
CN
CEO
Jun Zhang
Listed since
Apr 21, 2011
Employees
2,810

Market position

Day range

Current HK$0.224

52-week range

Current HK$0.224

Open
HK$0.218
Previous close
HK$0.225
Volume
20K
0.03× average
Average volume
572.96K
Average daily volume
Market cap
368.74M HKD
Beta
0.44
Market reference 1
50-day average
HK$0.2212
+1.26% above average
200-day average
HK$0.2219
+0.96% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.76B CNY
P/E (TTM)
-1.01×
P/B (TTM)
0.12×
P/S (TTM)
0.06×
EV / EBITDA
3.09×
Earnings yield
-117.82%
Free cash flow yield
19.54%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.95%
Operating margin
-0.04%
Net margin
-6.64%
Return on equity
-10.89%
Return on assets
-4.23%
Return on invested capital
-0.04%

Financial health

Debt / equity
0.8×
Current ratio
1.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%20%5%-10%Gross margin, FY2021: 30.80%Gross margin, FY2022: 28.56%Gross margin, FY2023: 21.53%Gross margin, FY2024: 24.03%Gross margin, FY2025: 24.95%Operating margin, FY2021: 15.78%Operating margin, FY2022: 18.61%Operating margin, FY2023: 10.22%Operating margin, FY2024: 7.96%Operating margin, FY2025: -0.04%Net margin, FY2021: 1.52%Net margin, FY2022: 3.77%Net margin, FY2023: 3.50%Net margin, FY2024: 0.61%Net margin, FY2025: -6.64%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.80%. Gross margin FY2022 28.56%. Gross margin FY2023 21.53%. Gross margin FY2024 24.03%. Gross margin FY2025 24.95%. Operating margin FY2021 15.78%. Operating margin FY2022 18.61%. Operating margin FY2023 10.22%. Operating margin FY2024 7.96%. Operating margin FY2025 -0.04%. Net margin FY2021 1.52%. Net margin FY2022 3.77%. Net margin FY2023 3.50%. Net margin FY2024 0.61%. Net margin FY2025 -6.64%.

Income trends

Revenue

4.88B CNY+4.43%

Operating income

−1.97M CNY−373.74M CNY

Net income

−323.55M CNY−351.83M CNY
Income trends across reported periods5.4B CNY3.32B CNY1.24B CNY−843.43M CNYRevenue, FY2021: 2.92B CNYRevenue, FY2022: 3.74B CNYRevenue, FY2023: 4.25B CNYRevenue, FY2024: 4.67B CNYRevenue, FY2025: 4.88B CNYOperating income, FY2021: 460.35M CNYOperating income, FY2022: 695.19M CNYOperating income, FY2023: 434.51M CNYOperating income, FY2024: 371.77M CNYOperating income, FY2025: −1.97M CNYNet income, FY2021: 44.25M CNYNet income, FY2022: 140.98M CNYNet income, FY2023: 148.67M CNYNet income, FY2024: 28.28M CNYNet income, FY2025: −323.55M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.92B CNY. Revenue FY2022 3.74B CNY. Revenue FY2023 4.25B CNY. Revenue FY2024 4.67B CNY. Revenue FY2025 4.88B CNY. Operating income FY2021 460.35M CNY. Operating income FY2022 695.19M CNY. Operating income FY2023 434.51M CNY. Operating income FY2024 371.77M CNY. Operating income FY2025 −1.97M CNY. Net income FY2021 44.25M CNY. Net income FY2022 140.98M CNY. Net income FY2023 148.67M CNY. Net income FY2024 28.28M CNY. Net income FY2025 −323.55M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue4.88B CNY4.67B CNY4.25B CNY3.74B CNY2.92B CNY
Cost of goods sold3.66B CNY3.55B CNY3.34B CNY2.67B CNY2.02B CNY
Gross profit1.22B CNY1.12B CNY915.47M CNY1.07B CNY898.32M CNY
Research and development66.16M CNY31.11M CNY18.43M CNY—61.99M CNY
Selling, general, and administrative820.61M CNY644.06M CNY525.54M CNY580.81M CNY535.44M CNY
Operating expenses1.22B CNY749.99M CNY480.96M CNY371.73M CNY437.97M CNY
Interest income22.17M CNY31.16M CNY21.09M CNY4.4M CNY3.61M CNY
Interest expense232.04M CNY260.31M CNY283.45M CNY329.02M CNY272.93M CNY
Depreciation and amortization236.03M CNY249.43M CNY265.62M CNY274.24M CNY286.88M CNY
Operating income−1.97M CNY371.77M CNY434.51M CNY695.19M CNY460.35M CNY
Net income−323.55M CNY28.28M CNY148.67M CNY140.98M CNY44.25M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 4 misses, 0 met estimates
Average EPS surprise
-98.44%
4 comparable reports
Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.170.03-0.11-0.25Q3 '22MissQ1 '23MissQ3 '23No estimateQ1 '24No estimateQ4 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 26, 2022: actual 0.037, estimate 0.13, surprise -71.23%, Miss. Q1 2023, reported Mar 31, 2023: actual 0.058, estimate 0.1, surprise -42.50%, Miss. Q3 2023, reported Aug 25, 2023: actual 0.092, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual 0.038, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 28, 2024: actual 0.029, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.011, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -0.208, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.98B3.91B2.84B1.77BQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24No estimateQ4 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 26, 2022: actual 2B HKD, estimate 4.76B HKD, surprise -58.11%, Miss. Q1 2023, reported Mar 31, 2023: actual 2.28B HKD, estimate 4.17B HKD, surprise -45.24%, Miss. Q3 2023, reported Aug 25, 2023: actual 2.28B HKD, estimate 4.17B HKD, surprise -45.36%, Miss. Q1 2024, reported Mar 22, 2024: actual 2.27B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 28, 2024: actual 2.65B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 2.34B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 2.54B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 2.84B HKD, estimate —, surprise —, Comparison unavailable.

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