This paper presents a new four-dimensional non-Hamiltonian conservative hyperchaotic system. In the absence of equilibrium points in the system, the phase trajectories generated by the system have hidden features. The conservative features that vary with the parameter have been analyzed in detail by Lyapunov exponent spectrum, bifurcation diagram, the sum of Lyapunov exponents, and the fractional dimensions, and during the analysis, multiple quasi-periodic four-dimensional tori as well as hyperchaotic attractors have been observed. The Poincaré sections confirm these dynamic behaviors. Amidst the process of studying the dynamical behavior of the system with initial values, the hidden extreme multistability, and the initial offset boosting behavior, the results have been witnessed for the very first time in a conservative chaotic system. The phase diagram and attraction basin also confirm this assertion, while two complex transient transition behaviors have been observed. Moreover, through the introduction of a spectral entropy algorithm, the complexity analysis of the time sequences generated by the system have been performed and compared with the existing literature. The results show that the system has a high degree of complexity. The design and construction of the analog circuit of the system for simulation, the circuit experimental results are consistent with the numerical simulation, further verifying the physical realizability of the newly proposed system. This lays a good foundation for its practical application in engineering.