IRC (2998) Stock Overview

Operates as an investment holding company that develops, produces, and sells industrial commodities products in the Russia, People’s Republic of China, and internationally. More details

2998 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Earnings have declined by 43.9% per year over past 5 years

Shares are highly illiquid

2998 Community Fair Values

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IRC Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for IRC
Historical stock prices
Current Share Price	HK$0.63
52 Week High	HK$0.64
52 Week Low	HK$0.59
Beta	1.12
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.61%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	2998	HK Metals and Mining	HK Market
7D	3.3%	1.3%	0.5%
1Y	n/a	20.6%	29.0%

Return vs Industry: Insufficient data to determine how 2998 performed against the Hong Kong Metals and Mining industry.

Return vs Market: Insufficient data to determine how 2998 performed against the Hong Kong Market.

Price Volatility

Is 2998's price volatile compared to industry and market?
2998 volatility
2998 Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.0%
Market Average Movement	6.9%
10% most volatile stocks in HK Market	14.9%
10% least volatile stocks in HK Market	3.4%

Stable Share Price: 2998's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 2998's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2010	1,670	Denis Vitalievich Cherednichenko	www.ircgroup.com.hk

IRC Limited operates as an investment holding company that develops, produces, and sells industrial commodities products in the Russia, People’s Republic of China, and internationally. The company operates through Mines in Production, Mines in Development, Engineering, and Other segments. The Mines in Production segment comprises iron ore projects in production phase, which include the K&S Project located in the Obluchenskoye district of the Jewish Autonomous Region in the Russian Far East.

IRC Limited Fundamentals Summary

How do IRC's earnings and revenue compare to its market cap?
2998 fundamental statistics
Market cap	HK$792.33m
Earnings (TTM)	-HK$160.85m
Revenue (TTM)	HK$1.74b

0.5x

P/S Ratio

-4.9x

P/E Ratio

Is 2998 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2998 income statement (TTM)
Revenue	US$221.16m
Cost of Revenue	US$194.64m
Gross Profit	US$26.52m
Other Expenses	US$47.01m
Earnings	-US$20.49m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.016
Gross Margin	11.99%
Net Profit Margin	-9.27%
Debt/Equity Ratio	14.2%

How did 2998 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/08 12:47
End of Day Share Price	2025/07/08 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IRC Limited is covered by 11 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Barry Ehrlich	Alfa Bank
Ephrem Ravi	Barclays
Krishan Agarwal	Barclays