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IRICO Group New Energy Co. Ltd. Class H ( (HK:0438) ) has issued an announcement.
IRICO Group New Energy Co. Ltd. has issued a profit warning, indicating a significant decline in operating revenue and net profit for the first half of 2025 compared to the same period in 2024. The decrease is attributed to intensified competition in the photovoltaic glass industry, leading to a drop in product prices despite a rise in sales volume. The company has undertaken cost reduction and efficiency enhancement measures but continues to face challenges due to the imbalance between supply and demand.
More about IRICO Group New Energy Co. Ltd. Class H
IRICO Group New Energy Co. Ltd. operates in the photovoltaic glass industry, focusing on the production and sale of photovoltaic glass products. The company is engaged in technological innovation and the development of high value-added products to enhance its market position.
Average Trading Volume: 29,244
Technical Sentiment Signal: Sell
Current Market Cap: HK$405.5M
For a thorough assessment of 0438 stock, go to TipRanks’ Stock Analysis page.