Hilong Holding Ltd. · HKEX:1623
Hilong — FY2024 Earnings Presentation
17 slides from Hilong's earnings presentation, March 2025
Slide 1: 2024 Annual Results Presentation
2024 Annual Results Presentation
Slide 2: Disclaimer
Disclaimer The presentation material contains forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties and assumptions, certain of which are not under our control, causing actual results and growth which may differ materially from these direct or indire
Slide 3: Content
Content 1 Results Highlights 2 Business Review 3 Financial Performance 4 Business Outlook 3
Slide 4: Results Highlights
HILONG yD y— or Results Highlights
Slide 5: Results Highlights
Results Highlights Oilfield Services Segment revenue decreased by 18.7% compared with 2023. Acquired more high- Continuously developing High-tech Integrated Turnkey Project business model, “One body, end customers with our high technology two wings” business model, segment revenue increased by 35.2%
Slide 6: Financial Overview
Financial Overview RMB MM Revenue Gross Profit RMB MM RMB MM Net Profit RMB mm RMB mm RMB mm 5,000 4,668 2,000 200 4,500 4,251 1,800 172 4,000 +9.8% 1,600 160 3,500 1,400 +22.5% 1,122 3,000 1,200 120 2,500 1,000 915 2,000 800 80 -82.4% 1,500 600 46 1,000 400 40 500 200 0 0 0 2023 2024 2023 2024 2023
Slide 7: Business Review
HILONG yD y— or Business Review
Slide 8: Oilfield Equipment Manufacturing and Services
Oilfield Equipment Manufacturing and Services Higher-end Markets and Customers Segment Revenue of RMB1,133 million Higher Technology of Drilling Tools RMB mm GP margin % Segment revenue decreased by 18.7% compared with 2023 3000 In US/Canada and Middle East high-end markets, Hilong signed a 40% seri
Slide 9: Oilfield Services
Oilfield Services High Technology Integrated Turkey Service Segment Revenue of RMB923 million Achieved Stable Growth Continuously developing High-tech Integrated Turnkey Project RMB mm GP margin % business model, “One body, two wings” business model, segment revenue increased by 35.2% 2,000 40% Dril
Slide 10: Offshore Engineering Services
Offshore Engineering Services Orders on Hand & Revenue Increased Segment Revenue of RMB410 million Transforming to EPCIC RMB mm Transforming into high-tech specialized integrated EPCIC turkey offshore services, actively explore business opportunities in Southeast Asia, Middle East, West Africa and S
Slide 11: Financial Performance
HILONG yD y— or Financial Performance 11
Slide 12: Revenue Breakdown
Revenue Breakdown Revenue Breakdown by Segment Offshore engineering Offshore engineering services services 11.0% 20.6% Oilfield services Oilfield services 33.8% 27.5% Oilfield equipment manufacturing & Oilfield equipment services manufacturing & 61.5% services 45.6% 2023 2024 12
Slide 13: Gross Profit and Account Receivable
Gross Profit and Account Receivable Gross Profit and Gross Profit Margin RMB mm GP margin % 2000 1800 30% 1600 21.5% 24% 23.5% 1400 1200 1,122 20% 1000 915 800 600 10% 400 200 0 0% 2023 2024 Gross profit GP margin Account Receivable ‘000 RMB 12/31/2024 12/31/2023 - within 90 days 1,307,989 1,422,475
Slide 14: Capital Structure and Return Rate
Capital Structure and Return Rate Capital Structure Return on Assets & Return on Equity1 % 4.0% 12/31/2024 12/31/2023 2.0% 0.9% RMB mm 0.4% 0.0% Cash & cash equivalents 722 840 2024 Current assets 5,166 5,141 Return on assets Return on equity Total assets 8,078 7,958 Turnover Days for Current Assets
Slide 15: Business Outlook
HILONG yD y— or Business Outlook 15
Slide 16: Business Development Outlook by Segment
Oilfield Equipment Business Development: Oilfield Services Manufacturing & Services Further develop business model of existing drilling and workover service, technical Overseas Markets： service and oilfield trade service, elevate Integrated turnkey project service Focus on US/Canada and Middle East
Slide 17: Q&A
y’ ~@ HILONG Q&A 17