Ankündigung • Aug 13
IRICO Group New Energy Company Limited to Report First Half, 2026 Results on Aug 26, 2026 IRICO Group New Energy Company Limited announced that they will report first half, 2026 results on Aug 26, 2026 Ankündigung • Jul 28
IRICO Group New Energy Company Limited Provides Earnings Guidance for the Six Months Ended June 30, 2026 IRICO Group New Energy Company Limited provided earnings guidance for the six months ended June 30, 2026. The Group is expected to record a net loss attributable to shareholders of the parent company of approximately RMB 440 million to RMB 495 million for the First Half of 2026, representing an increase of approximately RMB 144 million to RMB 199 million in net loss compared with the net loss attributable to shareholders of the parent company of approximately RMB 296 million for the six months ended 30 June 2025. The main reasons for the increase in the Group's net loss attributable to the shareholders of the parent company are set out below: Affected by supply-demand contradiction and capacity mismatch leading to an imbalance between supply and demand for photovoltaic glass, the Group made every effort to carry out cost reduction and efficiency enhancement initiatives, and accelerated technological innovation as well as increased the sales proportion of high value-added products. However, the continuous decline in product prices resulted in a decrease in the gross profit margin of the Group's photovoltaic glass business. Due to the decline in product prices and in line with the principle of prudence, the Group made impairment provisions for certain inventories. Ankündigung • May 29
IRICO Group New Energy Company Limited, Annual General Meeting, Jun 29, 2026 IRICO Group New Energy Company Limited, Annual General Meeting, Jun 29, 2026, at 09:00 China Standard Time. Location: conference room on the 2nd floor at c6, no. 3 xinghuo avenue, high-tech industrial development zone, shaanxi province, xianyang, China Reported Earnings • Mar 27
Full year 2025 earnings released Full year 2025 results: Revenue: CN¥2.91b (down 11% from FY 2024). Net loss: CN¥560.3m (loss widened 49% from FY 2024). Ankündigung • Mar 17
IRICO Group New Energy Company Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 IRICO Group New Energy Company Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥1.3b free cash flow). Earnings have declined by 74% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$405.5m market cap, or US$52.1m). Ankündigung • Oct 15
IRICO Group New Energy Company Limited Announces Executive Changes IRICO Group New Energy Company Limited announced that Mr. Wang Dong resigned as the non-executive director and member of the nomination committee of the Company as he intends to devote more time to his work commitments in IRICO Group Company Limited. Mr. Wang Dong has confirmed that he has no disagreement with the Board and there is no matter concerning his resignation from the aforesaid positions that needs to be brought to the attention of the Shareholders. The Board also announced that Mr. Yao Rui was elected as an employee director of the sixth session of the Board of the Company at the employee representative meeting of the Company in accordance with the Company Law, the Articles of Association and other relevant provisions as well as the results of the employee representative meeting held by the labor union of the Company on 15 October 2025. The term of office of Mr. Yao shall take effect from the date of election at the employee representative meeting and shall be consistent with the term of office of the sixth session of the Board of the Company. Mr. Yao Rui: aged 54, joined the Group in July 1993. He graduated from Shaanxi University of Science and Technology majoring in enterprise management, with a college degree, and is a member of Communist Party of China, a political engineer and an economist. He currently serves as deputy secretary of the Communist Party Committee, secretary of the discipline inspection committee and chairman of the labor union of the Company. He previously served as the cost accounting specialist of the production section of No.1 Color Picture Tube Factory of IRICO Color Picture Tube Plant, the office secretary of IRICO Group, the deputy director and director of the general office of No.1 and No. 2 Color Picture Tube Factories of IRICO Color Picture Tube Plant, the deputy director and director of general office and the director of the human resources department of IRICO Display Devices Co. Ltd., the deputy general manager of IRICO Group (Shaoyang) Special Glass Co. Ltd., the deputy head of the preparatory group of IRICO Group Intelligent Equipment Platform Company*, a member of the disciplinary committee, the deputy director and director of the disciplinary inspection department, and an employee representative supervisor of the Company, etc. Reported Earnings • Sep 01
First half 2025 earnings released: CN¥1.68 loss per share (vs CN¥0.024 profit in 1H 2024) First half 2025 results: CN¥1.68 loss per share (down from CN¥0.024 profit in 1H 2024). Revenue: CN¥1.52b (down 26% from 1H 2024). Net loss: CN¥295.7m (down CN¥299.9m from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 18
IRICO Group New Energy Company Limited to Report First Half, 2025 Results on Aug 28, 2025 IRICO Group New Energy Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Ankündigung • Apr 15
IRICO Group New Energy Company Limited, Annual General Meeting, May 09, 2025 IRICO Group New Energy Company Limited, Annual General Meeting, May 09, 2025, at 09:00 China Standard Time. Location: conference room, 2nd floor at c6, no. 3 xinghuo avenue, high-tech industrial development zone, xianyang, shaanxi province, China Reported Earnings • Mar 27
Full year 2024 earnings released: CN¥2.13 loss per share (vs CN¥1.31 loss in FY 2023) Full year 2024 results: CN¥2.13 loss per share (further deteriorated from CN¥1.31 loss in FY 2023). Revenue: CN¥3.28b (up 4.2% from FY 2023). Net loss: CN¥376.0m (loss widened 63% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 14
IRICO Group New Energy Company Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 IRICO Group New Energy Company Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Ankündigung • Jan 23
IRICO Group New Energy Company Limited Provides Earnings Guidance for the Year Ended 31 December 2024 IRICO Group New Energy Company Limited provided earnings guidance for the year ended 31 December 2024. For the period, the Group is expected to record an operating revenue in the amount of approximately RMB 3,270 million to RMB 3,300 million (which represents an increase by approximately 3.97% to 4.93% as compared to that for the year ended 31 December 2023 (the "Corresponding Period"), being approximately RMB 3,145 million) and a net loss attributable to the shareholders of the parent company for the year ended 31 December 2024 in the amount of approximately RMB 350 million to RMB 400 million (which represents an increase by approximately 51.52% to 73.16% as compared to the net loss attributable to the shareholders of the parent company for the Corresponding Period, being approximately RMB 231 million). The Board considers that such expected increase in the Group's net loss attributable to the shareholders of the parent company were primarily attributable to the following factors: (i) Since the second half of 2024, the price of photovoltaic glass products dropped significantly year on year as a result of the insufficient operating rate of downstream customers, the slowdown in the growth in installed capacity of photovoltaic power generation and a staged supply-demand imbalance of photovoltaic glass production capacity, resulting in a decrease in the gross profit margin of the Group's photovoltaic glass business; and (ii) the Company has made provisions for impairment of certain assets of the photovoltaic glass based on the current industry situation and product price fluctuations in light of the significant decrease in the prices of photovoltaic glass products. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$625.9m market cap, or US$80.5m). Reported Earnings • Sep 26
First half 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.84 loss in 1H 2023) First half 2024 results: EPS: CN¥0.024 (up from CN¥0.84 loss in 1H 2023). Revenue: CN¥2.04b (up 58% from 1H 2023). Net income: CN¥4.19m (up CN¥151.7m from 1H 2023). Profit margin: 0.2% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 16
IRICO Group New Energy Company Limited to Report First Half, 2024 Results on Aug 28, 2024 IRICO Group New Energy Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Ankündigung • Jul 12
IRICO Group New Energy Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024 IRICO Group New Energy Company Limited provided earnings guidance for the six months ended 30 June 2024. For the period, The Group is expected to record an operating revenue of approximately RMB 1,950 million to RMB 2,050 million for the six months ended 30 June 2024 (the "1H 2024"), representing an increase of approximately 51% to 59% ascompared with the operating revenue of RMB1,288 million for the six months ended 30 June 2023 (the "1H 2023"); and the Group's total profit for the 1H 2024 is expectedto amount to approximately RMB 10 million to 18 million, representing a turnaround from loss to profit as compared with the total loss of RMB144 million for the 1H 2023. Ankündigung • Jun 08
Irico Group New Energy Company Limited Appoints Zhao Lefei as the Shareholder Representative Supervisor IRICO Group New Energy Company Limited at its AGM held on 6 June 2024, approve the appointment of Mr. Zhao Lefei as the shareholder representative supervisor of the Company,, with a term commencing from the conclusion of the AGM to the expiry of the term of the fifth session of the supervisory committee of the Company. At the second extraordinary meeting of the fifth session of the supervisory committee of the Company held on the same date, Mr. Zhao Lefei was elected as the chairman of the supervisory committee of the Company. Ankündigung • May 18
IRICO Group New Energy Company Limited, Annual General Meeting, Jun 06, 2024 IRICO Group New Energy Company Limited, Annual General Meeting, Jun 06, 2024, at 09:00 China Standard Time. Location: the conference room 1st floor, office building at no. 1 caihong road, xianyang, shaanxi province, the prc, China Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥1.31 loss per share (vs CN¥0.51 profit in FY 2022) Full year 2023 results: CN¥1.31 loss per share (down from CN¥0.51 profit in FY 2022). Revenue: CN¥3.15b (up 27% from FY 2022). Net loss: CN¥231.0m (down 359% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 14
IRICO Group New Energy Company Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 IRICO Group New Energy Company Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (HK$523.7m market cap, or US$66.9m). Ankündigung • Feb 01
IRICO Group New Energy Company Limited Provides Group Earnings Guidance for the Year Ended 31 December 2023 IRICO Group New Energy Company Limited provides group earnings guidance for the year ended 31 December 2023. For the Group is expected to record an operating revenue for the year ended 31 December 2023 in the amount of approximately RMB 3,100 million to RMB 3,150 million (which represents an increase by approximately 25% to 28% as compared to that for the year ended 31 December 2022 (the "Corresponding Period"), being approximately RMB 2,470.28 million) and a net loss attributable to the shareholders of the parent company for the year ended 31 December 2023 in the amount of approximately RMB 220 million to RMB 245 million (which represents a decrease by approximately 347% to 375% as compared to the net profit attributable to the shareholders of the parent company for the Corresponding Period, being approximately RMB 89.23 million). Ankündigung • Dec 29
IRICO Group New Energy Company Limited Announces Management Changes IRICO Group New Energy Company Limited announced Poll Results of the EGM Held on 29 December 2023 Approved appointment of Ms. Yang Hua as an executive director, Mr. Fang Zhongxi as a non-executive director of the Company, Mr. Wang Dong as a non-executive director. As at the date of this announcement, Mr. Li Yong, Mr. Ma Zhibin, Mr. Wang Dong, Mr. Su Kun and Ms. Hao Meiping are members of the Nomination Committee, with Mr. Li Yong, an independent non-executive director, being the chairman of the Nomination Committee. As at the date of this announcement, Mr. Ma Zhibin, Ms. Yang Hua, Mr. Fang Zhongxi, Mr. Li Yong and Ms. Hao Meiping are members of the Strategy Committee, with Mr. Ma Zhibin, an executive director, being the chairman of the Strategy Committee. Ankündigung • Dec 15
IRICO Group New Energy Company Limited has withdrawn its Follow-on Equity Offering. IRICO Group New Energy Company Limited has withdrawn its Follow-on Equity Offering.
Security Name: A Shares
Security Type: Common Stock
Securities Offered: 58,780,000
Transaction Features: New Market Listing Ankündigung • Sep 13
IRICO Group New Energy Company Limited Elects Ma Zhibin as Executive Director, Member of the Nomination Committee, Member of the Remuneration and Appraisal Committee and the Chairman of the Strategy Committee IRICO Group New Energy Company Limited at the extraordinary general meeting held on 12 September 2023 approved the resolution in relation to the proposed election of Mr. Ma Zhibin as an executive director of the Company. The Board held the tenth extraordinary meeting of the fifth session of the Board on the same day, at which Mr. Ma Zhibin was appointed as a member of the Nomination Committee, a member of the Remuneration and Appraisal Committee and the chairman of the Strategy Committee of the fifth session of the Board for a term commencing from the date of the tenth extraordinary meeting of the fifth session of the Board until the expiry of the term of office of the fifth session of the Board. New Risk • Aug 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (HK$654.2m market cap, or US$83.4m). Reported Earnings • Aug 24
First half 2023 earnings released: CN¥0.84 loss per share (vs CN¥0.46 profit in 1H 2022) First half 2023 results: CN¥0.84 loss per share (down from CN¥0.46 profit in 1H 2022). Revenue: CN¥1.29b (up 18% from 1H 2022). Net loss: CN¥147.5m (down 341% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. New Risk • Aug 23
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Ankündigung • Aug 22
IRICO Group New Energy Company Limited Announces Resignation of Tong Xiaofei as an Executive Director, Chairman of Board, Member of Nomination Committee, Member of Remuneration and Appraisal Committee and Chairman of Strategy Committee The board of directors of IRICO Group New Energy Company Limited announced that Mr. Tong Xiaofei has resigned from the positions as an executive director, the chairman of the Board, a member of the nomination committee, a member of the remuneration and appraisal committee and the chairman of the strategy committee of the Company due to changes in his personal career arrangements. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$6.09, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Ankündigung • May 26
IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2023 IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2023, at 09:00 China Standard Time. Location: the conference room on the 1st Floor of the Office Building at No. 1 Caihong Road Xianyang Shaanxi Province China Agenda: To consider and approve the report of the board of directors of the Company for the financial year ended 31 December 2022; to consider and approve the report of the supervisory committee of the Company for Year 2022; to consider and approve the audited financial statements of the Company for Year 2022; to consider and approve the profit distribution proposal of the Company for Year 2022; and to consider other matters. Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥2.47b (up 20% from FY 2021). Net income: CN¥89.2m (down 45% from FY 2021). Profit margin: 3.6% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 5 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Deputy GM, Company Secretary & Non-Executive Director Huadong Ni is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Kun Su was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0 (vs CN¥1.62 in 1H 2021) First half 2022 results: EPS: CN¥0 (down from CN¥1.62 in 1H 2021). Revenue: CN¥1.10b (down 6.9% from 1H 2021). Net income: CN¥61.1m (down 72% from 1H 2021). Profit margin: 5.6% (down from 18% in 1H 2021). Over the next year, revenue is forecast to grow 161%, compared to a 8.1% growth forecast for the Electronic industry in Hong Kong. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 26% share price gain to HK$10.98, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 14% over the past three years. Ankündigung • Aug 20
IRICO Group New Energy Company Limited to Report First Half, 2022 Results on Aug 31, 2022 IRICO Group New Energy Company Limited announced that they will report first half, 2022 results on Aug 31, 2022 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$9.21, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 20% share price gain to HK$12.26, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 5.7% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to HK$9.72, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 26% over the past three years. Ankündigung • May 18
IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2022 IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2022, at 09:00 China Standard Time. Location: conference room of the Company at No. 1 Caihong Road Xianyang Shaanxi Province China Agenda: To consider and approve the report of the board of directors of the company for the financial year ended 31 December 2021; to consider and approve the report of the supervisory committee of the company for year 2021; to consider and approve the audited financial statements of the company for Year 2021; to consider and approve the profit distribution proposal of the company for year 2021; to consider and authorize the Board to determine the interim profit distribution for the financial year ending 31 December 2022; to consider and approve the appointment of the auditor of the company for Year 2022 and authorize the Board to determine its remuneration; to consider and approve the authorization to the Board to determine the remuneration of the directors and the supervisors of the company for Year 2022; and to consider and approve the resolution on fixed asset investment (budget) for year 2022 of the company. Board Change • Apr 27
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 5 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Deputy GM, Company Secretary & Non-Executive Director Huadong Ni is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Xiaoguang Wu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 13
IRICO Group New Energy Company Limited Announces Resignation of Wu Xiaoguang The board of directors of IRICO Group New Energy Company Limited announces that: Ms. Wu Xiaoguang resigned to serve as an independent non-executive director of the Company, the chairman of the Audit Committee and a member of the Nomination Committee of the Board due to changes in job arrangements. The resignation of Ms. Wu will take effect upon the assumption of office by the independent non-executive director to be elected at the extraordinary general meeting of the Company to be held on 28 April 2022. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.22 (down from CN¥1.65 in FY 2020). Revenue: CN¥2.07b (down 18% from FY 2020). Net income: CN¥162.6m (down 26% from FY 2020). Profit margin: 7.9% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 59%. Over the next year, revenue is forecast to grow 91%, compared to a 13% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$12.02, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$14.26, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 4.9% over the past three years. Buying Opportunity • Feb 14
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be CN¥21.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 17% share price gain to HK$23.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 106% over the past three years. Reported Earnings • Aug 29
First half 2021 earnings released: EPS CN¥1.62 (vs CN¥0.37 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥1.18b (up 17% from 1H 2020). Net income: CN¥215.1m (up 418% from 1H 2020). Profit margin: 18% (up from 4.1% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 42% share price gain to CN¥35.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥23.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 110% over the past three years. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥1.65 (vs CN¥0.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.52b (up 12% from FY 2019). Net income: CN¥219.7m (up 136% from FY 2019). Profit margin: 8.7% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • Mar 29
Full year 2020 earnings released: EPS CN¥0.082 (vs CN¥0.042 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.52b (up 12% from FY 2019). Net income: CN¥219.7m (up 136% from FY 2019). Profit margin: 8.7% (up from 4.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Ankündigung • Mar 17
IRICO Group New Energy Company Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 IRICO Group New Energy Company Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥1.58, the stock trades at a trailing P/E ratio of 33x, up from the previous P/E ratio of 27.8x. Average P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 108%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥1.82, the stock is trading at a trailing P/E ratio of 37.8x, down from the previous P/E ratio of 48.6x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 168%. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥2.29, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 39.9x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 218%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥1.95, the stock is trading at a trailing P/E ratio of 40.6x, up from the previous P/E ratio of 34x. This compares to an average P/E of 14x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 167%. Is New 90 Day High Low • Jan 27
New 90-day high: HK$2.63 The company is up 158% from its price of HK$1.02 on 29 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 34% over the same period. Ankündigung • Jan 08
Irico Group New Energy Company Limited Announces Management Changes The board of directors of IRICO Group New Energy Company Limited announced that: Mr. Ni Huadong ("Mr. Ni") was appointed as the deputy general manager of the Company, with effect from 6 January 2021. Mr. Ni Huadong, aged 45, is a non-executive director of the Company. He had served as investment specialist of the securities department, head of the corporate management center, assistant to the head and deputy head of the securities
department of Nanjing Huadong Electronics Group Limited; deputy director of the secretariat of the board of directors and representative of securities affairs of Nanjing Huadong Electronics Information & Technology Co. Ltd.; deputy general manager of Nanjing Tian Xi Investment Co., Ltd; general manager of Hong Kong Hua Jin Chen Technology Company Limited; representative of securities affairs, head of the securities department and head of office of the board of directors of Huadong Technology; and secretary to the Board of the Company. The Board announces that Mr. Ni will cease to be the secretary to the Board of the Company due to changes in job arrangements, with effect from 6 January 2021. Mr. Ni has confirmed that he has no disagreement with the Company and is not aware of any matter relating to his resignation as the secretary to the Board of the Company that
needs to be brought to the attention of the shareholders of the Company. The Board also announces that Mr. Huang was appointed as the secretary to the Board of the Company, with effect from 6 January 2021. The biographical details of Mr. Mr. Huang Weihong, aged 37, is the chief financial officer of the Company. He had served as an auditor of the auditing bureau of the Bureau of Agriculture and Farming of Hainan Province, the audit manager of the China Aero-Polytechnology Establishment, the head of the audit department of Shaanxi Tourism Co. Ltd., the manager and representative of securities affairs of securities affairs department of Shaanxi Tourism Culture Industry Holding Co. Ltd., and the head of the audit department of IRICO Group Company Limited. The Board announced that Mr. Chu ceased to serve as the company secretary of the Company due to changes in job arrangements, with effect from 6 January 2021. Mr. Chu has confirmed that he has no disagreement with the Company and is not aware of any matter relating to his resignation as the company secretary of the Company that needs to be brought to the attention of the shareholders of the Company.
The Board also announces that Mr. Ni was appointed as the company secretary of the Company, with effect from 6 January 2021. The Stock Exchange of Hong Kong Limited (the "Stock Exchange") has agreed that Mr. Ni may serve as the company secretary of the Company pursuant to Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥1.41, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 86%. Is New 90 Day High Low • Dec 28
New 90-day high: HK$1.23 The company is up 64% from its price of HK$0.75 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥1.11, the stock is trading at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 19.1x. This compares to an average P/E of 13x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 41%. Ankündigung • Oct 13
IRICO Group New Energy Company Limited Entering into the Letter of Intent for Cooperation on IRICO Xianyang Ultra-Thin and High-Transmissivity Photoelectric Glass Project The Board of IRICO Group New Energy Company Limited announces that on 12 October 2020, the Company entered into a letter of intent with the People's Government of Qindu District, Xianyang City (the "Qindu District Government") for cooperation on the construction of IRICO Xianyang ultra-thin and high-transmissivity photoelectric glass project (the "Project"). The proposed site of the Project will be located in the equipment manufacturing industrial park of Xianyang, with a total investment amount of approximately RMB 500 million and an area of approximately 120 mu, on which five deep-processing production lines for ultra-thin, double-film, high-transmissivity and large-size photoelectric glass will be constructed in stages. After the completion of the Project, it is expected that the annual output of 1.6 to 2.0mm photoelectric glass will be approximately 36 million square meters and the average annual sales income will amount to approximately RMB670 million, which will promote the synergistic development of the local packaging, warehousing, logistics, transportation and other industries with significant social benefits. The Project will be constructed solely by a project company to be established by the Company. The Company is actively handling the procedures in relation to the construction of the Project and striving for policy preferences to ensure the smooth implementation of the Project. The construction of the Project is in line with the national industrial policies and the Company's planning on industrial layout, and will meet the market demand for glass used for double-sided and double-glass photovoltaic modules, large-size photovoltaic modules and differentiated photovoltaic modules, and effectively revitalize the existing equipment assets of the Company. Furthermore, the implementation of the Project is of great significance to the Company in maintaining its position in the photovoltaic industry and occupying the northwestern photovoltaic market in China, which will also contribute to the local economic development and social progress. The Company and the Qindu District Government will negotiate and enter into specific investment agreement(s) as and when appropriate. If any transaction contemplated under the formal specific investment agreement(s) in connection with the Project constitutes a notifiable transaction, the Company will comply with applicable requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in due course. Ankündigung • Aug 29
IRICO Group New Energy Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.449383 billion. IRICO Group New Energy Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.449383 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 1,294,092,000
Price\Range: HKD 1.12
Transaction Features: Subsequent Direct Listing Ankündigung • Jul 07
IRICO Group New Energy Company Limited to Report First Half, 2020 Results on Jul 20, 2020 IRICO Group New Energy Company Limited announced that they will report first half, 2020 results on Jul 20, 2020