IRICO Group New Energy Co. Ltd. Class H stock analysis
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IRICO Group New Energy Co. Ltd. Class H (0438) Stock Price & Analysis
0438 Stock Chart & Stats
- Day’s Range
- HKD 1.00 - HKD 1.04
- 52-Week Range
- HKD 0.89 - HKD 2.50
- Previous Close
- HKD 1.00
- Volume
- N/A
- Average Volume (3M)
- 19.19K
- Market Cap
- HKD 176.32M
- Enterprise Value
- HKD 7.32B
- Total Cash (Recent Filing)
- HKD 920.87M
- Total Debt (Recent Filing)
- HKD 7.01B
- Price to Earnings (P/E)
- ―
- Beta
- 0.62
- Next Earnings
- Mar 31, 2027 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Direct PV Industry Exposure
A focused position in photovoltaic glass gives IRICO direct participation in the solar module supply chain and aligns its operations with a defined renewable-energy application. This specialization can support operational focus and preserve relevance as customers continue developing solar-generation capacity.
2025 Revenue Rebound
The sharp 2025 revenue rebound demonstrates that the business can regain substantial sales volume after a weaker period. If shipments and capacity utilization remain supported, the higher revenue base could improve fixed-cost absorption and provide a foundation for restoring operating performance.
Historical Profitability Record
Earlier profitability shows that IRICO has previously operated with positive earnings, providing evidence of an established commercial model rather than an unproven business. That history may help management target a recovery if pricing, product mix, and manufacturing economics improve.
Bears Say
Persistent Profitability Pressure
Negative gross margins indicate that reported sales are not covering direct production costs, while the worsening net margin shows that losses are extending beyond a temporary earnings shortfall. This weakens internal funding capacity and makes a durable recovery dependent on meaningful cost or pricing improvement.
Sharp Leverage Increase
Rapidly rising leverage alongside shrinking equity materially reduces financial flexibility and increases the company’s sensitivity to further earnings volatility. A highly indebted balance sheet can constrain investment, raise funding pressure, and make it harder to absorb prolonged weakness in photovoltaic glass economics.
Recurring Cash Burn
Repeated negative operating and free cash flow suggests that accounting revenue has not translated consistently into cash available for reinvestment or debt reduction. Continued cash burn is particularly concerning alongside rising leverage because it increases reliance on external funding during periods of weak profitability.
IRICO Group New Energy Co. Ltd. Class H News
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Company Description
IRICO Group New Energy Co. Ltd. Class H
IRICO Group New Energy Company Limited, operating with its various subsidiaries, is primarily involved in the research, development, manufacturing, and global distribution of advanced photovoltaic glass for the new energy sector, serving both the People's Republic of China and international markets. The company further provides solar cells and their associated components, and actively participates in photovoltaic power generation. Established in 2004, the organization was previously known as IRICO Group Electronics Company Limited before rebranding to its current name in January 2016. Its corporate headquarters are located in Xianyang, People's Republic of China.
- Sector
- Technology
- Industry
- Solar
- CEO
- Hua Yang
- Employees
- 2,088
- Website
- www.irico.com.cn
- Address
- C6, No. 3 Xinghuo Avenue, Xianyang, SA, 712000, CN
IRICO Group New Energy Co. Ltd. Class H (0438) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 5 | 14 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 0 | 0 | 12 |
