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    Industrial services

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    Oilfield services/Equipment
Hilong Holding Ltd.

Hilong Holding Ltd.

HHKEX:1623
0.24
HKD
+0.01
(+2.61%)
Mar 29Next Earn
Hilong Holding Ltd.
HKEX:1623
(Hong Kong Exchange)

Recent

price

0.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.19
1.25
1.42
1.48
1.52
1.46
1.14
1.57
1.9
2.15
1.55
1.72
1.81
2.51
2.75
2.9
- -
Revenue per Share
0.16
0.21
0.22
0.21
0.23
0.09
0.07
0.07
0.09
0.1
-0.18
0.03
0.06
0.09
0.02
-0.19
- -
Basic EPS, GAAP
0.02
-0.15
-0.02
-0.17
-0.58
0.14
- -
- -
-0.03
0.1
-0.02
0.18
0.16
-0.02
0.08
0.14
- -
Free Cash Flow per Basic Share
- -
0.04
0.06
0.06
0.07
0.04
0.02
0.01
0.01
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.43
1.17
1.33
1.57
1.72
1.78
1.92
1.9
1.95
2.16
1.81
1.78
1.94
1.97
1.92
1.8
1.92
Book Value per Share
0.42
1.12
1.29
1.52
1.63
1.69
1.76
1.75
1.78
2.02
1.67
1.65
1.81
1.89
1.85
1.72
1.85
Tangible Book Value per Share
1,144
1,462
1,591
1,663
1,696
1,696
1,696
1,696
1,696
1,696
1,696
1,696
1,696
1,696
1,696
1,680
1,696
Basic Weighted Avg Shares
1,356
1,834
2,264
2,452
2,576
2,484
1,929
2,669
3,222
3,650
2,623
2,917
3,073
4,252
4,668
4,875
- -
Sales/Revenue/Turnover
23.62
22.98
22.33
25.23
22.24
13.82
13.21
12.44
15.39
14.41
6.75
12.74
9.34
8.63
9.42
6.51
- -
Operating Margin (%)
57
81
105
134
162
215
242
270
278
382
371
287
274
266
254
306
- -
Depreciation Expense
178
302
345
345
398
161
125
119
149
177
-299
44
106
149
28
-324
- -
Net Income, GAAP
16.45
12.34
11.1
16.21
10.08
12.66
27.17
26.75
35.27
39.75
- -
66.79
- -
29.28
74.05
- -
- -
Effective Tax Rate (%)
13.15
16.47
15.24
14.05
15.44
6.48
6.46
4.46
4.62
4.84
-11.39
1.52
3.44
3.5
0.61
-6.64
- -
Profit Margin (%)
74
965
1,167
1,470
1,568
932
1,282
1,991
2,239
1,488
-31
2,575
2,744
746
479
1,424
479
Working Capital
1
179
293
507
1,630
1,084
1,317
1,905
2,495
1,552
41
2,444
2,608
142
18
15
18
LT Debt
906
2,039
2,305
2,874
3,143
3,256
3,492
3,464
3,522
3,706
3,118
3,043
3,318
3,329
3,259
2,967
3,259
Total Equity
16.7
16.21
13.83
11.49
10
6.43
5.88
2.69
5.53
5.15
- -
2.51
- -
4.7
1.55
- -
- -
Return on Invested Capital (%)
9.63
14.32
12.15
10.06
9.53
4.43
3.92
4.22
4.55
4.64
- -
2.13
- -
5.08
1.54
- -
- -
Return on Capital (%)
24.33
23.75
17.35
14.44
14.27
5.42
3.97
3.67
4.55
5.07
-8.87
1.45
3.35
4.49
0.86
-10.38
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
2,752
2,729
2,696
LT Borrowings
119
172
- -
LT Finance Leases
23
21
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,696
1,696
1,696
Market Capitalization
381
177
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
5,141
5,236
5,166
Cash, Cash Equivalents & STI
959
643
934
Accounts Receivable, Net
1,798
2,378
1,962
Inventories
1,076
1,162
1,096
Total Current Liabilities
4,395
4,508
4,687
Payables & Accruals
- -
- -
- -
ST Debt
2,752
2,729
2,696
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.66%
-0.82%
-8.97%
Free Cash Flow
-254.97%
-269.39%
68.43%
Net Income, GAAP
-151.29%
-252.13%
-1,244.31%
Sales/Revenue/Turnover
9.1%
13.83%
4.43%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4,252
2024
- -
- -
4,668
2025
- -
- -
4,875

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
0.02
2025
- -
- -
-0.19

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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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.