IRC（1029）株式概要IRCリミテッドは投資持株会社として、ロシア、中華人民共和国、および国際的に工業日用品製品の開発、生産、販売を行っている。 詳細1029 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性6/6配当金0/6リスク分析過去5年間で収益は年間54.8%減少しました。 過去1年間で株主の希薄化は大幅に進んだ すべてのリスクチェックを見る1029 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$0.4956.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-509m371m2016201920222025202620282031Revenue US$176.4mEarnings US$23.7mAdvancedSet Fair ValueView all narrativesIRC Limited 競合他社Da Ming International HoldingsSymbol: SEHK:1090Market cap: HK$1.0bShougang Century HoldingsSymbol: SEHK:103Market cap: HK$1.1bGolik HoldingsSymbol: SEHK:1118Market cap: HK$672.0mPerennial Energy HoldingsSymbol: SEHK:2798Market cap: HK$1.6b価格と性能株価の高値、安値、推移の概要IRC過去の株価現在の株価HK$0.4952週高値HK$0.8452週安値HK$0.46ベータ0.461ヶ月の変化-7.55%3ヶ月変化-10.91%1年変化-23.44%3年間の変化-43.68%5年間の変化-85.59%IPOからの変化-97.03%最新ニュースReported Earnings • Apr 30Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 26Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Mar 11IRC Limited to Report Fiscal Year 2025 Results on Mar 25, 2026IRC Limited announced that they will report fiscal year 2025 results on Mar 25, 2026New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).New Risk • Oct 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$677.3m (US$87.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$677.3m market cap, or US$87.2m).お知らせ • Oct 25IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million.IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 638,974,294 Price\Range: HKD 0.51 Discount Per Security: HKD 0 Transaction Features: Rights Offering最新情報をもっと見るRecent updatesReported Earnings • Apr 30Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 26Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Mar 11IRC Limited to Report Fiscal Year 2025 Results on Mar 25, 2026IRC Limited announced that they will report fiscal year 2025 results on Mar 25, 2026New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).New Risk • Oct 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$677.3m (US$87.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$677.3m market cap, or US$87.2m).お知らせ • Oct 25IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million.IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 638,974,294 Price\Range: HKD 0.51 Discount Per Security: HKD 0 Transaction Features: Rights OfferingReported Earnings • Sep 29First half 2025 earnings released: US$0.08 loss per share (vs US$0.015 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.015 loss in 1H 2024). Revenue: US$122.8m (up 9.3% from 1H 2024). Net loss: US$102.0m (loss widened US$88.7m from 1H 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 28First half 2025 earnings released: US$0.08 loss per share (vs US$0.016 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.016 loss in 1H 2024). Revenue: US$122.8m (up 9.3% from 1H 2024). Net loss: US$102.0m (loss widened US$88.7m from 1H 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • Aug 12IRC Limited to Report First Half, 2025 Results on Aug 21, 2025IRC Limited announced that they will report first half, 2025 results on Aug 21, 2025Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CEO & Executive Director Denis Vitalievich Cherednichenko was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$79.2m (US$10.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$79.2m market cap, or US$10.1m).お知らせ • May 16IRC Limited, Annual General Meeting, Jun 25, 2025IRC Limited, Annual General Meeting, Jun 25, 2025, at 14:30 China Standard Time.Reported Earnings • Apr 26Full year 2024 earnings released: US$0.002 loss per share (vs US$0.018 loss in FY 2023)Full year 2024 results: US$0.002 loss per share (improved from US$0.018 loss in FY 2023). Revenue: US$221.2m (down 13% from FY 2023). Net loss: US$20.5m (loss narrowed 87% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 27Full year 2024 earnings released: US$0.002 loss per share (vs US$0.018 loss in FY 2023)Full year 2024 results: US$0.002 loss per share (improved from US$0.018 loss in FY 2023). Revenue: US$221.2m (down 13% from FY 2023). Net loss: US$20.5m (loss narrowed 87% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Mar 11IRC Limited to Report Q4, 2024 Results on Mar 20, 2025IRC Limited announced that they will report Q4, 2024 results on Mar 20, 2025New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).New Risk • Dec 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding).New Risk • Oct 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$775.3m market cap, or US$99.8m).Reported Earnings • Sep 30First half 2024 earnings released: US$0.002 loss per share (vs US$0.008 loss in 1H 2023)First half 2024 results: US$0.002 loss per share (improved from US$0.008 loss in 1H 2023). Revenue: US$112.3m (down 19% from 1H 2023). Net loss: US$13.2m (loss narrowed 80% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.New Risk • Sep 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$775.3m market cap, or US$99.5m).お知らせ • Aug 14IRC Limited to Report First Half, 2024 Results on Aug 26, 2024IRC Limited announced that they will report first half, 2024 results on Aug 26, 2024お知らせ • May 31IRC Limited, Annual General Meeting, Jun 26, 2024IRC Limited, Annual General Meeting, Jun 26, 2024, at 14:30 China Standard Time. Location: hong thai expo and business centre, 5/f, united centre, 95 queensway, admiralty, Hong KongReported Earnings • Apr 30Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022)Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Production and reserves: Iron Production: 2.467 Mt (2.57 Mt in FY 2022) Proved and probable reserves (ore): 346.1 Mt (349.8 Mt in FY 2022) Number of mines: 2 (1 in FY 2022) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.New Risk • Apr 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% 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 (11% average weekly change). Significant insider selling over the past 3 months (HK$168m sold).Reported Earnings • Mar 28Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022)Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12IRC Limited to Report Fiscal Year 2023 Final Results on Mar 20, 2024IRC Limited announced that they will report fiscal year 2023 final results on Mar 20, 2024お知らせ • Mar 06IRC Limited to Report Q4, 2023 Results on Mar 07, 2024IRC Limited announced that they will report Q4, 2023 results Pre-Market on Mar 07, 2024お知らせ • Feb 23Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029).Axioma Capital Fze Llc made an offer to acquire remaining 69.39% stake in IRC Limited (SEHK:1029) for approximately HKD 700 million on November 1, 2023. Under the terms, Axioma will pay HKD 0.118 per share as consideration. Axioma intends to finance the transaction from its own internal resources. An Independent Board Committee has been established for the transaction. The offer is conditional on valid acceptances being received that will result in Axioma holding more than 50% of the voting rights in IRC Limited. The Board of Directors of IRC Limited recommended the shareholders to accept the offer. The transaction is expected to complete on January 12, 2024. As on January 12, 2024, the closing date has been extended to February 20, 2024. As on February 8, the offer became unconditional and will remain open for acceptances till February 22, 2024. Red Sun Capital Limited acted as financial advisor for Axioma Capital while Amasse Capital Limited acted as financial advisor while Union Registrars Limited acted as a registrar for IRC Limited.Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029) on February 22, 2024.分析記事 • Dec 28Returns Are Gaining Momentum At IRC (HKG:1029)There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Reported Earnings • Aug 31First half 2023 earnings released: US$0.008 loss per share (vs US$0.011 loss in 1H 2022)First half 2023 results: US$0.008 loss per share (improved from US$0.011 loss in 1H 2022). Revenue: US$139.2m (down 16% from 1H 2022). Net loss: US$65.7m (loss narrowed 16% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Aug 24IRC Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2023IRC Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a profit attributable to the owners of the Company, excluding assets impairment, in the range of approximately USD 5 million to USD 10 million for the Current Period for the six months ended 30 June 2022.お知らせ • Aug 16IRC Limited to Report First Half, 2023 Results on Aug 23, 2023IRC Limited announced that they will report first half, 2023 results on Aug 23, 2023Buying Opportunity • Jun 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be HK$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jun 07IRC Limited, Annual General Meeting, Jun 29, 2023IRC Limited, Annual General Meeting, Jun 29, 2023, at 14:30 China Standard Time. Location: Hong Thai Expo and Business Centre, 5/F, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and consider the reports of the directors and the auditor of the Company together with the audited consolidated financial statements for the year ended 31 December 2022; to re-appoint RSM Hong Kong as auditor of the Company and authorise the board of directors of the Company to fix the auditor's remuneration; to elect Mr Denis Vitalievich Cherednichenko as an executive director of the Company; and to consider other matters.Board Change • May 11High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Dmitry Vsevolodovich Dobryak is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 31Full year 2022 earnings released: US$0.012 loss per share (vs US$0.019 profit in FY 2021)Full year 2022 results: US$0.012 loss per share (down from US$0.019 profit in FY 2021). Revenue: US$278.8m (down 25% from FY 2021). Net loss: US$87.9m (down 166% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Feb 11IRC Limited Provides Group Earnings Guidance for the Year Ended December 31, 2022IRC Limited Provided Group Earnings Guidance for the Year Ended December 31, 2022. For the year, the Group expects to record a loss attributable to the owners of the Company of between approximately USD 90 million to USD 100 million (corresponding period in 2021: profit of USD 134 million).分析記事 • Sep 02Is IRC (HKG:1029) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Sep 01First half 2022 earnings released: US$0.011 loss per share (vs US$0.014 profit in 1H 2021)First half 2022 results: US$0.011 loss per share (down from US$0.014 profit in 1H 2021). Revenue: US$165.7m (down 24% from 1H 2021). Net loss: US$77.9m (down 179% from profit in 1H 2021). Over the next year, revenue is forecast to grow 52%, compared to a 2.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.分析記事 • May 23These 4 Measures Indicate That IRC (HKG:1029) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 29%, compared to a 23% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 01With EPS Growth And More, IRC (HKG:1029) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 36%, compared to a 10% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.分析記事 • Feb 26Under The Bonnet, IRC's (HKG:1029) Returns Look ImpressiveThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...分析記事 • Nov 05Here's Why IRC (HKG:1029) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Aug 30First half 2021 earnings released: EPS US$0.014 (vs US$0.001 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$217.2m (up 105% from 1H 2020). Net income: US$98.3m (up US$92.3m from 1H 2020). Profit margin: 45% (up from 5.6% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Aug 20IRC (HKG:1029) Is Doing The Right Things To Multiply Its Share PriceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • Jun 18Shareholders May Not Be So Generous With IRC Limited's (HKG:1029) CEO Compensation And Here's WhyPerformance at IRC Limited ( HKG:1029 ) has been reasonably good and CEO Yury V. Makarov has done a decent job of...分析記事 • May 10Returns On Capital Are Showing Encouraging Signs At IRC (HKG:1029)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Reported Earnings • May 05Full year 2020 earnings released: EPS US$0.014 (vs US$0.005 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$224.6m (up 27% from FY 2019). Net income: US$100.6m (up US$139.2m from FY 2019). Profit margin: 45% (up from net loss in FY 2019). Production and reserves: Iron Production: 2.748 Mt (2.497 Mt in FY 2019) Proved and probable reserves (ore): 389.8 Mt (371.8 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.分析記事 • Apr 05IRC (HKG:1029) Has A Somewhat Strained Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 27How Much Does IRC's (HKG:1029) CEO Make?Yury V. Makarov became the CEO of IRC Limited ( HKG:1029 ) in 2010, and we think it's a good time to look at the...分析記事 • Dec 01Reflecting on IRC's (HKG:1029) Share Price Returns Over The Last Three YearsThis month, we saw the IRC Limited ( HKG:1029 ) up an impressive 32%. But that doesn't change the fact that the returns...株主還元1029HK Metals and MiningHK 市場7D-3.9%-11.3%-2.8%1Y-23.4%84.1%11.7%株主還元を見る業界別リターン: 1029過去 1 年間で84.1 % の収益を上げたHong Kong Metals and Mining業界を下回りました。リターン対市場: 1029は、過去 1 年間で11.7 % のリターンを上げたHong Kong市場を下回りました。価格変動Is 1029's price volatile compared to industry and market?1029 volatility1029 Average Weekly Movement4.9%Metals and Mining Industry Average Movement8.3%Market Average Movement7.3%10% most volatile stocks in HK Market15.6%10% least volatile stocks in HK Market3.5%安定した株価: 1029 、 Hong Kong市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1029の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20101,802Denis Vitalievich Cherednichenkowww.ircgroup.com.hkIRCリミテッドは、ロシア、中華人民共和国、および国際的な工業製品の開発、生産、販売を行う投資持株会社として運営されている。生産中鉱山、開発中鉱山、エンジニアリング、その他の各セグメントを通じて事業を展開している。生産中鉱山事業は、ロシア極東ユダヤ自治区オブルチェンスコエ地区のK&Sプロジェクトなど、生産段階にある鉄鉱石プロジェクトで構成されている。開発中鉱山セグメントは、探鉱・開発段階にある鉄鉱石プロジェクトで構成されており、アムール地域の鉄鉱石鉱床に重点を置いたガリンスコエ・プロジェクト、コステンギンスコエ・プロジェクト、ロシア極東地域アムール州ティンダ地区に位置するイルメノマグネタイト、マグネタイト、イルメナイトを探鉱するボリショイ・セイム・プロジェクトが含まれる。エンジニアリング部門は、社内エンジニアリングサービスを提供している。その他部門は、五酸化バナジウムおよび関連製品の生産とその他のプロジェクトに従事している。また、一般貿易、輸送、エンジニアリングサービスの提供にも携わっている。IRCリミテッドは2010年に設立され、香港のセントラルに拠点を置く。もっと見るIRC Limited 基礎のまとめIRC の収益と売上を時価総額と比較するとどうか。1029 基礎統計学時価総額HK$958.46m収益（TTM）-HK$1.03b売上高(TTM)HK$2.02b0.5xP/Sレシオ-0.9xPER（株価収益率1029 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1029 損益計算書（TTM）収益US$258.05m売上原価US$212.75m売上総利益US$45.31mその他の費用US$176.77m収益-US$131.47m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.069グロス・マージン17.56%純利益率-50.95%有利子負債／自己資本比率15.2%1029 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 12:40終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋IRC Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Krishan AgarwalBarclaysEphrem RaviBarclaysDaniel LianBofA Global Research4 その他のアナリストを表示
Reported Earnings • Apr 30Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 26Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Mar 11IRC Limited to Report Fiscal Year 2025 Results on Mar 25, 2026IRC Limited announced that they will report fiscal year 2025 results on Mar 25, 2026
New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).
New Risk • Oct 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$677.3m (US$87.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$677.3m market cap, or US$87.2m).
お知らせ • Oct 25IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million.IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 638,974,294 Price\Range: HKD 0.51 Discount Per Security: HKD 0 Transaction Features: Rights Offering
Reported Earnings • Apr 30Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 26Full year 2025 earnings released: US$0.10 loss per share (vs US$0.023 loss in FY 2024)Full year 2025 results: US$0.10 loss per share (further deteriorated from US$0.023 loss in FY 2024). Revenue: US$258.1m (up 17% from FY 2024). Net loss: US$131.5m (loss widened US$111.0m from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Mar 11IRC Limited to Report Fiscal Year 2025 Results on Mar 25, 2026IRC Limited announced that they will report fiscal year 2025 results on Mar 25, 2026
New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).
New Risk • Oct 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$677.3m (US$87.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$677.3m market cap, or US$87.2m).
お知らせ • Oct 25IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million.IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 638,974,294 Price\Range: HKD 0.51 Discount Per Security: HKD 0 Transaction Features: Rights Offering
Reported Earnings • Sep 29First half 2025 earnings released: US$0.08 loss per share (vs US$0.015 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.015 loss in 1H 2024). Revenue: US$122.8m (up 9.3% from 1H 2024). Net loss: US$102.0m (loss widened US$88.7m from 1H 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 28First half 2025 earnings released: US$0.08 loss per share (vs US$0.016 loss in 1H 2024)First half 2025 results: US$0.08 loss per share (further deteriorated from US$0.016 loss in 1H 2024). Revenue: US$122.8m (up 9.3% from 1H 2024). Net loss: US$102.0m (loss widened US$88.7m from 1H 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • Aug 12IRC Limited to Report First Half, 2025 Results on Aug 21, 2025IRC Limited announced that they will report first half, 2025 results on Aug 21, 2025
Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CEO & Executive Director Denis Vitalievich Cherednichenko was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$79.2m (US$10.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$79.2m market cap, or US$10.1m).
お知らせ • May 16IRC Limited, Annual General Meeting, Jun 25, 2025IRC Limited, Annual General Meeting, Jun 25, 2025, at 14:30 China Standard Time.
Reported Earnings • Apr 26Full year 2024 earnings released: US$0.002 loss per share (vs US$0.018 loss in FY 2023)Full year 2024 results: US$0.002 loss per share (improved from US$0.018 loss in FY 2023). Revenue: US$221.2m (down 13% from FY 2023). Net loss: US$20.5m (loss narrowed 87% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 27Full year 2024 earnings released: US$0.002 loss per share (vs US$0.018 loss in FY 2023)Full year 2024 results: US$0.002 loss per share (improved from US$0.018 loss in FY 2023). Revenue: US$221.2m (down 13% from FY 2023). Net loss: US$20.5m (loss narrowed 87% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 11IRC Limited to Report Q4, 2024 Results on Mar 20, 2025IRC Limited announced that they will report Q4, 2024 results on Mar 20, 2025
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).
New Risk • Dec 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding).
New Risk • Oct 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$775.3m market cap, or US$99.8m).
Reported Earnings • Sep 30First half 2024 earnings released: US$0.002 loss per share (vs US$0.008 loss in 1H 2023)First half 2024 results: US$0.002 loss per share (improved from US$0.008 loss in 1H 2023). Revenue: US$112.3m (down 19% from 1H 2023). Net loss: US$13.2m (loss narrowed 80% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
New Risk • Sep 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$775.3m market cap, or US$99.5m).
お知らせ • Aug 14IRC Limited to Report First Half, 2024 Results on Aug 26, 2024IRC Limited announced that they will report first half, 2024 results on Aug 26, 2024
お知らせ • May 31IRC Limited, Annual General Meeting, Jun 26, 2024IRC Limited, Annual General Meeting, Jun 26, 2024, at 14:30 China Standard Time. Location: hong thai expo and business centre, 5/f, united centre, 95 queensway, admiralty, Hong Kong
Reported Earnings • Apr 30Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022)Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Production and reserves: Iron Production: 2.467 Mt (2.57 Mt in FY 2022) Proved and probable reserves (ore): 346.1 Mt (349.8 Mt in FY 2022) Number of mines: 2 (1 in FY 2022) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
New Risk • Apr 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% 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 (11% average weekly change). Significant insider selling over the past 3 months (HK$168m sold).
Reported Earnings • Mar 28Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022)Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12IRC Limited to Report Fiscal Year 2023 Final Results on Mar 20, 2024IRC Limited announced that they will report fiscal year 2023 final results on Mar 20, 2024
お知らせ • Mar 06IRC Limited to Report Q4, 2023 Results on Mar 07, 2024IRC Limited announced that they will report Q4, 2023 results Pre-Market on Mar 07, 2024
お知らせ • Feb 23Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029).Axioma Capital Fze Llc made an offer to acquire remaining 69.39% stake in IRC Limited (SEHK:1029) for approximately HKD 700 million on November 1, 2023. Under the terms, Axioma will pay HKD 0.118 per share as consideration. Axioma intends to finance the transaction from its own internal resources. An Independent Board Committee has been established for the transaction. The offer is conditional on valid acceptances being received that will result in Axioma holding more than 50% of the voting rights in IRC Limited. The Board of Directors of IRC Limited recommended the shareholders to accept the offer. The transaction is expected to complete on January 12, 2024. As on January 12, 2024, the closing date has been extended to February 20, 2024. As on February 8, the offer became unconditional and will remain open for acceptances till February 22, 2024. Red Sun Capital Limited acted as financial advisor for Axioma Capital while Amasse Capital Limited acted as financial advisor while Union Registrars Limited acted as a registrar for IRC Limited.Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029) on February 22, 2024.
分析記事 • Dec 28Returns Are Gaining Momentum At IRC (HKG:1029)There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Reported Earnings • Aug 31First half 2023 earnings released: US$0.008 loss per share (vs US$0.011 loss in 1H 2022)First half 2023 results: US$0.008 loss per share (improved from US$0.011 loss in 1H 2022). Revenue: US$139.2m (down 16% from 1H 2022). Net loss: US$65.7m (loss narrowed 16% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 24IRC Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2023IRC Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a profit attributable to the owners of the Company, excluding assets impairment, in the range of approximately USD 5 million to USD 10 million for the Current Period for the six months ended 30 June 2022.
お知らせ • Aug 16IRC Limited to Report First Half, 2023 Results on Aug 23, 2023IRC Limited announced that they will report first half, 2023 results on Aug 23, 2023
Buying Opportunity • Jun 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be HK$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jun 07IRC Limited, Annual General Meeting, Jun 29, 2023IRC Limited, Annual General Meeting, Jun 29, 2023, at 14:30 China Standard Time. Location: Hong Thai Expo and Business Centre, 5/F, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and consider the reports of the directors and the auditor of the Company together with the audited consolidated financial statements for the year ended 31 December 2022; to re-appoint RSM Hong Kong as auditor of the Company and authorise the board of directors of the Company to fix the auditor's remuneration; to elect Mr Denis Vitalievich Cherednichenko as an executive director of the Company; and to consider other matters.
Board Change • May 11High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Dmitry Vsevolodovich Dobryak is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 31Full year 2022 earnings released: US$0.012 loss per share (vs US$0.019 profit in FY 2021)Full year 2022 results: US$0.012 loss per share (down from US$0.019 profit in FY 2021). Revenue: US$278.8m (down 25% from FY 2021). Net loss: US$87.9m (down 166% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Feb 11IRC Limited Provides Group Earnings Guidance for the Year Ended December 31, 2022IRC Limited Provided Group Earnings Guidance for the Year Ended December 31, 2022. For the year, the Group expects to record a loss attributable to the owners of the Company of between approximately USD 90 million to USD 100 million (corresponding period in 2021: profit of USD 134 million).
分析記事 • Sep 02Is IRC (HKG:1029) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Sep 01First half 2022 earnings released: US$0.011 loss per share (vs US$0.014 profit in 1H 2021)First half 2022 results: US$0.011 loss per share (down from US$0.014 profit in 1H 2021). Revenue: US$165.7m (down 24% from 1H 2021). Net loss: US$77.9m (down 179% from profit in 1H 2021). Over the next year, revenue is forecast to grow 52%, compared to a 2.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
分析記事 • May 23These 4 Measures Indicate That IRC (HKG:1029) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 29%, compared to a 23% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 01With EPS Growth And More, IRC (HKG:1029) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 36%, compared to a 10% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
分析記事 • Feb 26Under The Bonnet, IRC's (HKG:1029) Returns Look ImpressiveThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
分析記事 • Nov 05Here's Why IRC (HKG:1029) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Aug 30First half 2021 earnings released: EPS US$0.014 (vs US$0.001 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$217.2m (up 105% from 1H 2020). Net income: US$98.3m (up US$92.3m from 1H 2020). Profit margin: 45% (up from 5.6% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Aug 20IRC (HKG:1029) Is Doing The Right Things To Multiply Its Share PriceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
分析記事 • Jun 18Shareholders May Not Be So Generous With IRC Limited's (HKG:1029) CEO Compensation And Here's WhyPerformance at IRC Limited ( HKG:1029 ) has been reasonably good and CEO Yury V. Makarov has done a decent job of...
分析記事 • May 10Returns On Capital Are Showing Encouraging Signs At IRC (HKG:1029)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Reported Earnings • May 05Full year 2020 earnings released: EPS US$0.014 (vs US$0.005 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$224.6m (up 27% from FY 2019). Net income: US$100.6m (up US$139.2m from FY 2019). Profit margin: 45% (up from net loss in FY 2019). Production and reserves: Iron Production: 2.748 Mt (2.497 Mt in FY 2019) Proved and probable reserves (ore): 389.8 Mt (371.8 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
分析記事 • Apr 05IRC (HKG:1029) Has A Somewhat Strained Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 27How Much Does IRC's (HKG:1029) CEO Make?Yury V. Makarov became the CEO of IRC Limited ( HKG:1029 ) in 2010, and we think it's a good time to look at the...
分析記事 • Dec 01Reflecting on IRC's (HKG:1029) Share Price Returns Over The Last Three YearsThis month, we saw the IRC Limited ( HKG:1029 ) up an impressive 32%. But that doesn't change the fact that the returns...
