Hilong Holding Limited operates within the Oil and gas field machinery sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Hilong Holding Limited with three other
companies in this sector in China:
Honghua Group Limited
sales of 2.34 billion Chinese Renmimbi [US$356.35 million]
of which 49%
was Parts and Components),
Yantai Jereh Oilfield Services Group Co Limited
(2.83 billion Chinese Renmimbi [US$430.84 million]
of which 83%
was Oil Field Special Equipment Manufacturin), and
TSC Group Holdings Limited
(948.31 million Chinese Renmimbi [US$144.19 million]
of which 53%
was Capital equipment and packages).
During the year ended December of 2016, sales at
Hilong Holding Limited were 1.93 billion Chinese Renmimbi (US$293.31 million).
decrease of 22.4%
versus 2015, when the company's sales were 2.48 billion Chinese Renmimbi.
The sales level in 2016 was fairly close to the level five years ago: in 2011, Hilong Holding Limited had sales
of 1.82 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 88.5% decline
in Offshore Engineering Services, from 589.85 million Chinese Renmimbi to 67.84 million Chinese Renmimbi.
There were also decreases in sales in
Oilfield Services (down 23.2% to 708.70 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Oilfield Equipment Manufacturing and Ser (up 15.5% to 781.19 million Chinese Renmimbi)
Line Pipe Technology and Services (up 25.9% to 371.31 million Chinese Renmimbi)