Hilong Holding Ltd.
HHKEX:16230.23
HKD
+0.00
(-2.13%)
ISIN
KYG4509G1055
CUSIP
G4509G105
Return %
Stock
S&P 500
1Y
-2.13
14.20
3Y
-16.36
81.12
5Y
-28.12
68.34
Capital Structure
CNY
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Jun Zhang
- Full Time Employees
- 2,810
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- No. 1825, Luodong Road Shanghai SH China 200949
- IPO Date
- Apr 21, 2011
- Website
- hilonggroup.com
- Similar Companies
- Business
- Hilong Holding Limited functions as an investment holding enterprise, delivering an extensive array of oilfield equipment and associated technical services globally. The group organizes its operations across several key business divisions: Oilfield Equipment Manufacturing and Services, Line Pipe Technology and Services, Oilfield Services, Offshore Engineering Services, and New Materials. The Oilfield Equipment Manufacturing and Services division is responsible for producing specialized oil drilling tools, including drill pipes and heavy weight drill pipes, alongside offering comprehensive Oil Country Tubular Goods (OCTG) coating and hardbanding applications. Its Line Pipe Technology and Services segment encompasses protective coatings for oil and gas pipelines, the production of corrosion-resistant alloy lined pipes, concrete weight coating, pipeline engineering, and advanced inspection and safety monitoring solutions. Within Oilfield Services, the company provides onshore drilling and workover services, well cementing, drilling fluid management, solid control, cuttings disposal, and integrated technical support, including OCTG trade for petroleum and natural gas producers. The Offshore Engineering Services unit engages in the installation of marine structures, subsea pipeline laying and repair, and furnishes design, analysis, and consultancy for upstream offshore oil and gas projects. Established in 2002 and headquartered in Shanghai, People's Republic of China, Hilong Holding Limited maintains a global presence, serving major energy clients across Asia, the Middle East, Africa, Russia, and the Americas. The company holds a prominent position as China's leading and the world's second-largest supplier of drill pipes and OCTG coatings. Hilong continues to prioritize technological advancements and international expansion, aiming for high-quality, high-tech, and differentiated offerings. However, the company reported a net loss for the first half of 2025, primarily due to an impairment loss on a vessel asset, with revenue declining compared to the same period in 2024. For the fiscal year ended December 31, 2024, revenue saw an increase, yet overall profit decreased significantly due to elevated expenses and impairment charges. Trading in the company’s shares on the Hong Kong Stock Exchange has been suspended since April 2, 2024. Furthermore, the company faces material uncertainty regarding its ability to continue as a going concern, following its failure to repay certain 2024 Notes and accrued interest due in November 2024. Hilong Holding Limited operates as a subsidiary of Hilong Group Limited.