IRICO Group New Energy (SEHK:438) - Stock Price, News & Analysis

438 Stock Overview

438 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 10.2% per year over past 5 years

Does not have a meaningful market cap (HK$494M)

IRICO Group New Energy Company Limited Competitors

Gold Peak Technology Group

SEHK:40

HK$457.7m

Tianli Holdings Group

SEHK:117

HK$238.3m

Man Yue Technology Holdings

SEHK:894

HK$218.8m

Daisho Microline Holdings

SEHK:567

HK$175.8m

Price History & Performance

Summary of all time highs, changes and price drops for IRICO Group New Energy
Historical stock prices
Current Share Price	HK$2.80
52 Week High	HK$11.56
52 Week Low	HK$2.60
Beta	0.53
1 Month Change	-2.44%
3 Month Change	-28.75%
1 Year Change	-66.59%
3 Year Change	-85.57%
5 Year Change	-75.86%
Change since IPO	-87.87%

Recent updates

IRICO Group New Energy (HKG:438) Will Be Hoping To Turn Its Returns On Capital Around

Aug 10

Capital Allocation Trends At IRICO Group New Energy (HKG:438) Aren't Ideal

Nov 08

Does IRICO Group New Energy (HKG:438) Have A Healthy Balance Sheet?

Sep 30

Here's What To Make Of IRICO Group New Energy's (HKG:438) Decelerating Rates Of Return

Jul 25

Is IRICO Group New Energy (HKG:438) A Risky Investment?

Apr 12

Investors Will Want IRICO Group New Energy's (HKG:438) Growth In ROCE To Persist

Jan 27

Estimating The Intrinsic Value Of IRICO Group New Energy Company Limited (HKG:438)

Nov 06

The IRICO Group New Energy (HKG:438) Share Price Has Gained 163%, So Why Not Pay It Some Attention?

Jan 06

We're Not So Sure You Should Rely on IRICO Group New Energy's (HKG:438) Statutory Earnings

Dec 02

Shareholder Returns

	438	HK Electronic	HK Market
7D	4.1%	-2.2%	0.9%
1Y	-66.6%	-11.2%	-1.5%

Return vs Industry: 438 underperformed the Hong Kong Electronic industry which returned -11.2% over the past year.

Return vs Market: 438 underperformed the Hong Kong Market which returned -1.5% over the past year.

Price Volatility

Is 438's price volatile compared to industry and market?
438 volatility
438 Average Weekly Movement	5.5%
Electronic Industry Average Movement	7.0%
Market Average Movement	6.5%
10% most volatile stocks in HK Market	14.8%
10% least volatile stocks in HK Market	3.3%

Stable Share Price: 438 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 438's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	2,345	n/a	https://www.irico.com.cn

IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the research and development, manufacturing, and sale of solar photovoltaic glass in the People’s Republic of China and internationally. It is involved in photovoltaic power generation. The company was formerly known as IRICO Group Electronics Company Limited and changed its name to IRICO Group New Energy Company Limited in January 2016.

IRICO Group New Energy Company Limited Fundamentals Summary

How do IRICO Group New Energy's earnings and revenue compare to its market cap?
438 fundamental statistics
Market Cap	HK$493.70m
Earnings (TTM)	-HK$130.03m
Revenue (TTM)	HK$2.90b

0.2x

P/S Ratio

-3.8x

P/E Ratio

Is 438 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
438 income statement (TTM)
Revenue	CN¥2.66b
Cost of Revenue	CN¥2.50b
Gross Profit	CN¥159.15m
Other Expenses	CN¥278.54m
Earnings	-CN¥119.39m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.68
Gross Margin	5.98%
Net Profit Margin	-4.48%
Debt/Equity Ratio	168.0%

How did 438 perform over the long term?

See historical performance and comparison

438 Stock Overview

Rewards

Risk Analysis

IRICO Group New Energy Company Limited Competitors

SEHK:40

HK$457.7m

SEHK:117

HK$238.3m

SEHK:894

HK$218.8m

SEHK:567

HK$175.8m

Price History & Performance

Recent News & Updates

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

New minor risk - Share price stability

First half 2023 earnings released: CN¥0.84 loss per share (vs CN¥0.46 profit in 1H 2022)

New major risk - Revenue and earnings growth

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

Investor sentiment deteriorates as stock falls 18%

Recent updates

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

New minor risk - Share price stability

First half 2023 earnings released: CN¥0.84 loss per share (vs CN¥0.46 profit in 1H 2022)

New major risk - Revenue and earnings growth

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

Investor sentiment deteriorates as stock falls 18%

IRICO Group New Energy (HKG:438) Will Be Hoping To Turn Its Returns On Capital Around

IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2023

Full year 2022 earnings released

Less than half of directors are independent

Capital Allocation Trends At IRICO Group New Energy (HKG:438) Aren't Ideal

Does IRICO Group New Energy (HKG:438) Have A Healthy Balance Sheet?

First half 2022 earnings released: EPS: CN¥0 (vs CN¥1.62 in 1H 2021)

Investor sentiment improved over the past week

IRICO Group New Energy Company Limited to Report First Half, 2022 Results on Aug 31, 2022

Here's What To Make Of IRICO Group New Energy's (HKG:438) Decelerating Rates Of Return

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

IRICO Group New Energy Company Limited, Annual General Meeting, Jun 16, 2022

Less than half of directors are independent

IRICO Group New Energy Company Limited Announces Resignation of Wu Xiaoguang

Is IRICO Group New Energy (HKG:438) A Risky Investment?

Full year 2021 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Now 24% undervalued after recent price drop

Investors Will Want IRICO Group New Energy's (HKG:438) Growth In ROCE To Persist

Investor sentiment improved over the past week

Estimating The Intrinsic Value Of IRICO Group New Energy Company Limited (HKG:438)

The Return Trends At IRICO Group New Energy (HKG:438) Look Promising

First half 2021 earnings released: EPS CN¥1.62 (vs CN¥0.37 in 1H 2020)

IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly

Full year 2020 earnings released: EPS CN¥1.65 (vs CN¥0.83 in FY 2019)

Returns At IRICO Group New Energy (HKG:438) Are On The Way Up

Full year 2020 earnings released: EPS CN¥0.082 (vs CN¥0.042 in FY 2019)

IRICO Group New Energy Company Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

A Look At The Fair Value Of IRICO Group New Energy Company Limited (HKG:438)

Investor sentiment improved over the past week

New 90-day high: HK$2.63

Irico Group New Energy Company Limited Announces Management Changes

Investor sentiment improved over the past week

The IRICO Group New Energy (HKG:438) Share Price Has Gained 163%, So Why Not Pay It Some Attention?

New 90-day high: HK$1.23

Investor sentiment improved over the past week

We're Not So Sure You Should Rely on IRICO Group New Energy's (HKG:438) Statutory Earnings

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

New 90-day low - HK$0.80

IRICO Group New Energy Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.449383 billion.

New 90-day high - HK$1.10

IRICO Group New Energy Company Limited to Report First Half, 2020 Results on Jul 20, 2020

Shareholder Returns