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IRICO Group New Energy

SEHK:438
Snowflake Description

Questionable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
438
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the solar photovoltaic, new materials, trading, and other businesses in the People’s Republic of China and internationally. The last earnings update was 32 days ago. More info.


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438 Share Price and Events
7 Day Returns
-7.2%
SEHK:438
-7.4%
HK Electronic
-2.5%
HK Market
1 Year Returns
-16.9%
SEHK:438
-40.2%
HK Electronic
-15.9%
HK Market
438 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IRICO Group New Energy (438) -7.2% -1.5% -11.1% -16.9% 28% 32%
HK Electronic -7.4% -18.5% -13.1% -40.2% 4.1% 20.9%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 438 outperformed the Electronic industry which returned -40.2% over the past year.
Price Volatility
438
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for IRICO Group New Energy's competitors could be found in our database.

438 Value

 Is IRICO Group New Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for IRICO Group New Energy. This is due to cash flow or dividend data being unavailable. The share price is HK$0.64.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IRICO Group New Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IRICO Group New Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:438 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.04
SEHK:438 Share Price ** SEHK (2019-05-20) in HKD HK$0.64
SEHK:438 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.56
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.11x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IRICO Group New Energy.

SEHK:438 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:438 Share Price ÷ EPS (both in CNY)

= 0.56 ÷ 0.04

15.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRICO Group New Energy is overvalued based on earnings compared to the HK Electronic industry average.
  • IRICO Group New Energy is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does IRICO Group New Energy's expected growth come at a high price?
Raw Data
SEHK:438 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-6.2%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.64x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IRICO Group New Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IRICO Group New Energy's assets?
Raw Data
SEHK:438 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.04
SEHK:438 Share Price * SEHK (2019-05-20) in HKD HK$0.64
SEHK:438 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.56
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.19x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:438 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:438 Share Price ÷ Book Value per Share (both in CNY)

= 0.56 ÷ 0.04

13.5x

* Primary Listing of IRICO Group New Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRICO Group New Energy is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess IRICO Group New Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. IRICO Group New Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

438 Future Performance

 How is IRICO Group New Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover IRICO Group New Energy, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IRICO Group New Energy expected to grow at an attractive rate?
  • IRICO Group New Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • IRICO Group New Energy's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare IRICO Group New Energy's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:438 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:438 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -6.2%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:438 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:438 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:438 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,332 -233 81
2018-09-30 2,452 -58 172
2018-06-30 2,464 392 296
2018-03-31 2,414 284 210
2018-01-01 2,471 -98 90
2017-10-01 2,260 -92 96
2017-06-30 2,049 -87 103
2017-03-31 1,929 7 104
2016-12-31 1,809 100 106
2016-09-30 1,639 -88
2016-06-30 1,470 349 -282
2016-03-31 1,478 229 -430

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IRICO Group New Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if IRICO Group New Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:438 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from IRICO Group New Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:438 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:438 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.04
2018-09-30 0.08
2018-06-30 0.13
2018-03-31 0.09
2018-01-01 0.04
2017-10-01 0.04
2017-06-30 0.05
2017-03-31 0.05
2016-12-31 0.05
2016-09-30 -0.04
2016-06-30 -0.13
2016-03-31 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if IRICO Group New Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IRICO Group New Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IRICO Group New Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

438 Past Performance

  How has IRICO Group New Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IRICO Group New Energy's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IRICO Group New Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • IRICO Group New Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IRICO Group New Energy's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
IRICO Group New Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IRICO Group New Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:438 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,331.92 81.30 157.12 43.68
2018-09-30 2,452.23 171.85 170.15 42.37
2018-06-30 2,464.47 296.09 253.08 14.88
2018-03-31 2,413.94 209.90 255.92 7.44
2018-01-01 2,471.47 90.01 188.88 26.19
2017-10-01 2,260.15 96.31 190.95 14.82
2017-06-30 2,048.84 102.60 193.02 3.46
2017-03-31 1,929.09 104.16 202.56 1.73
2016-12-31 1,809.33 105.71 212.11
2016-09-30 1,639.44 -88.14 229.95
2016-06-30 1,469.55 -281.99 247.79
2016-03-31 1,477.73 -429.88 241.84
2015-12-31 1,485.92 -577.77 235.88
2015-09-30 1,693.30 -715.12 234.22
2015-06-30 1,900.68 -852.47 232.55
2015-03-31 1,979.70 -773.43 229.61
2014-12-31 2,058.72 -694.39 226.66
2014-09-30 2,093.10 -426.99 327.32
2014-06-30 2,127.48 -159.60 427.98
2014-03-31 2,203.62 -192.98 482.57
2013-12-31 2,279.76 -226.35 537.16
2013-09-30 2,427.51 -945.27 581.77
2013-06-30 2,575.27 -1,664.18 626.37
2013-03-31 2,610.24 -1,663.09 607.70
2012-12-31 2,645.21 -1,662.00 589.02
2012-09-30 2,841.58 -1,070.49 500.60
2012-06-30 3,037.95 -478.97 412.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst IRICO Group New Energy made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • IRICO Group New Energy used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.
  • IRICO Group New Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess IRICO Group New Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IRICO Group New Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

438 Health

 How is IRICO Group New Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IRICO Group New Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IRICO Group New Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • IRICO Group New Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IRICO Group New Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IRICO Group New Energy Company Filings, last reported 4 months ago.

SEHK:438 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 213.78 1,956.16 261.23
2018-09-30 213.78 1,956.16 261.23
2018-06-30 451.11 1,721.07 328.38
2018-03-31 451.11 1,721.07 328.38
2018-01-01 241.59 1,610.72 491.51
2017-10-01 241.59 1,610.72 491.51
2017-06-30 199.28 2,250.49 469.90
2017-03-31 199.28 2,250.49 469.90
2016-12-31 152.50 2,069.29 695.16
2016-09-30 152.50 2,069.29 695.16
2016-06-30 176.31 1,755.14 423.95
2016-03-31 176.31 1,755.14 423.95
2015-12-31 128.25 1,692.99 338.95
2015-09-30 128.25 1,692.99 338.95
2015-06-30 475.67 1,430.91 115.44
2015-03-31 475.67 1,430.91 115.44
2014-12-31 636.58 6,193.51 307.45
2014-09-30 636.58 6,193.51 307.45
2014-06-30 1,972.63 6,308.82 555.61
2014-03-31 1,972.63 6,308.82 555.61
2013-12-31 1,353.13 6,798.81 821.60
2013-09-30 1,353.13 6,798.81 821.60
2013-06-30 1,348.44 7,650.16 1,233.21
2013-03-31 1,348.44 7,650.16 1,233.21
2012-12-31 1,642.02 7,736.65 1,878.85
2012-09-30 1,642.02 7,736.65 1,878.85
2012-06-30 4,801.57 6,351.56 1,310.80
  • IRICO Group New Energy's level of debt (915%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (499.5% vs 915% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • IRICO Group New Energy earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess IRICO Group New Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IRICO Group New Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

438 Dividends

 What is IRICO Group New Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IRICO Group New Energy dividends.
If you bought HK$2,000 of IRICO Group New Energy shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IRICO Group New Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IRICO Group New Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:438 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:438 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IRICO Group New Energy has not reported any payouts.
  • Unable to verify if IRICO Group New Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IRICO Group New Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IRICO Group New Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IRICO Group New Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IRICO Group New Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IRICO Group New Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

438 Management

 What is the CEO of IRICO Group New Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • IRICO Group New Energy has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the IRICO Group New Energy management team in years:

2.5
Average Tenure
47.5
Average Age
  • The tenure for the IRICO Group New Energy management team is about average.
Management Team

Yuncong Si

TITLE
Chairman of the Board
AGE
53

Qiang Gu

TITLE
Chief Financial Officer
COMPENSATION
CN¥351K
AGE
39
TENURE
3.1 yrs

Zhibin Ma

TITLE
Deputy General Manager
COMPENSATION
CN¥377K
AGE
53

Xiaoning Chen

TITLE
Executive Director & GM and legal representative
COMPENSATION
CN¥380K
AGE
42
TENURE
3.1 yrs

Wenchao Wu

TITLE
Deputy General Manager
COMPENSATION
CN¥380K
AGE
52
TENURE
1.3 yrs

Huadong Ni

TITLE
Secretary
COMPENSATION
CN¥254K
AGE
43
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the IRICO Group New Energy board of directors in years:

3.7
Average Tenure
52
Average Age
  • The tenure for the IRICO Group New Energy board of directors is about average.
Board of Directors

Xiaoning Chen

TITLE
Executive Director & GM and legal representative
COMPENSATION
CN¥380K
AGE
42
TENURE
0.6 yrs

Jialu Wang

TITLE
Independent Non Executive Director
COMPENSATION
CN¥100K
AGE
57
TENURE
14.7 yrs

Yuncong Si

TITLE
Chairman of the Board
AGE
53
TENURE
3.7 yrs

Zhicheng Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
43
TENURE
5.7 yrs

Ding Wenhui

TITLE
Chairman of the Supervisory Committee
AGE
57
TENURE
2.2 yrs

Bing Feng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
51
TENURE
14.7 yrs

Laiying Fan

TITLE
Non-Executive Director
AGE
47
TENURE
0.6 yrs

Xiaoguang Wu

TITLE
Independent Supervisor
COMPENSATION
CN¥80K
AGE
61

Haiying Sun

TITLE
Independent Supervisor
COMPENSATION
CN¥80K
AGE
75

Lefei Zhao

TITLE
Staff Supervisor
COMPENSATION
CN¥24K
AGE
49
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. Jul 18 Buy Rui Bo Electronics (HK) Limited Company 20. Jul 18 20. Jul 18 31,546,000 HK$0.88 HK$27,899,241
X
Management checks
We assess IRICO Group New Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IRICO Group New Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

438 News

Simply Wall St News

IRICO Group New Energy Company Limited (HKG:438): Why Return On Capital Employed Is Important

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

IRICO Group New Energy Company Limited (HKG:438) Delivered A Better ROE Than Its Industry

Over the last twelve months IRICO Group New Energy has recorded a ROE of 72%. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.72 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Read This Before You Buy IRICO Group New Energy Company Limited (HKG:438) Because Of Its P/E Ratio

To keep it practical, we'll show how IRICO Group New Energy Company Limited's (HKG:438) P/E ratio could help you assess the value on offer. … IRICO Group New Energy has a price to earnings ratio of 4.11, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Can IRICO Group New Energy Company Limited (HKG:438) Improve Your Portfolio Returns?

If you are a shareholder in IRICO Group New Energy Company Limited’s (HKG:438), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … The second risk is market-wide, which arises from investing in the stock market. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

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IRICO Group New Energy Company Limited (HKG:438) Delivered A Better ROE Than The Industry, Here’s Why

and want to better understand how you can grow your money by investing in IRICO Group New Energy Company Limited (HKG:438). … IRICO Group New Energy Company Limited (HKG:438) outperformed the electronic components industry on the basis of its ROE – producing a higher 50.07% relative to the peer average of 10.89% over the past 12 months. … If 438 borrows debt to invest in its business, its profits will be higher.

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438 Company Info

Description

IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the solar photovoltaic, new materials, trading, and other businesses in the People’s Republic of China and internationally. It researches, develops, produces, and sells solar photovoltaic glasses, solar cells and modules, and solar cell modules and related products; luminous materials, and lithium battery anode materials and related products of flat panel display; and photovoltaic glass upstream quartz sand. The company also constructs and operates solar power stations. In addition, it is involved in the mining exploration activities; production and sale of inorganic nonmetallic materials and products; and trading of solar modules and other related accessories. 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. The company was founded in 2004 and is headquartered in Xianyang, the People’s Republic of China. IRICO Group New Energy Company Limited is a subsidiary of IRICO Group Corporation Limited.

Details
Name: IRICO Group New Energy Company Limited
438
Exchange: SEHK
Founded: 2004
HK$1,451,027,110
2,232,349,400
Website: http://www.irico.com.cn
Address: IRICO Group New Energy Company Limited
No. 1 Caihong Road,
Qingdu District,
Xianyang,
Shaanxi Province, 712021,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 438 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 26. Jan 2005
Number of employees
Current staff
Staff numbers
2,252
IRICO Group New Energy employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:44
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2018/03/20
Last earnings filing: 2019/04/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.