Core Viewpoint - Hailong Holdings (01623.HK) has seen a significant decline in its stock price, reaching a new low, indicating potential challenges in the market [1] Company Overview - Hailong Holdings is a large publicly listed entity registered in the Cayman Islands, providing high-end oilfield equipment and integrated oilfield technology services for oil and gas development [1] - The company has established numerous production bases and business branches globally, with its headquarters located in Shanghai [1] - Hailong Group aims to become a world-leading supplier of oilfield equipment and services, focusing on technological innovation and internationalization as its core development strategy [1] Financial Performance - As of August 20, the stock price closed at 0.150 HKD, down 5.66% from the previous trading day, with an intraday low of 0.146 HKD, marking a near one-year low [1] - The net capital outflow for the day was 0.26 thousand HKD, indicating a slight decrease in investor confidence [1]