IRICO Group New Energy Co. Ltd. Class H (HK:0438)
:0438
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0438 Stock Chart & Stats
HK$1.99
HK$0.04(1.45%)
At close: 4:00 PM EST
HK$1.99
HK$0.04(1.45%)
Day’s Range― - ―
52-Week RangeHK$1.28 - HK$3.15
Previous CloseN/A
Volume36.40K
Average Volume (3M)31.53K
Market Cap
HK$253.90M
Enterprise ValueHK$6.59B
Total Cash (Recent Filing)HK$372.77M
Total Debt (Recent Filing)HK$6.69B
Price to Earnings (P/E)―
Beta0.63
Next Earnings
Aug 26, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.18
Shares Outstanding96,248,670
10 Day Avg. Volume29,170
30 Day Avg. Volume31,527
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.36
Price to Sales (P/S)0.10
P/FCF Ratio-1.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Market Exposure To Solar PVIRICO supplies PV glass, a core input for solar module manufacturing. Structural global solar capacity additions create durable end demand for module materials. Being a dedicated PV glass supplier gives the company persistent addressable market and long-term demand linkage.
Strong 2025 Revenue ReboundA ~188% revenue rebound in 2025 demonstrates the company can scale shipments and capture cyclical demand when market conditions improve. Durable benefit: restored top-line capacity utilization can support fixed-cost absorption and provides a base to rebuild margins if cost structure and pricing normalize.
Value‑added Processing CapabilitiesIRICO offers downstream processing (cutting, tempering, coatings), which can deepen customer relationships and raise switching costs. These capabilities provide product differentiation, diversify revenue streams beyond commodity glass, and support longer-term contract opportunities.
Bears Say
Severely Elevated LeverageDebt-to-equity near 7.9x indicates extreme leverage that materially reduces financial flexibility. High leverage increases refinancing, covenant, and interest-rate risks, constrains capital spending, and raises default vulnerability if margins or cash flows fail to recover over several quarters.
Persistent Negative Cash FlowRepeated negative operating and free cash flows signal ongoing cash burn that cannot be covered internally. This structural cash shortfall forces reliance on external funding, raises funding costs, and limits ability to invest in capacity or margin-improving projects over the medium term.
Negative Margins And Deepening LossesNegative gross margins mean selling below direct costs, indicating structural pricing pressure or cost escalation. Deepening net losses erode equity and ROE, undermining the business's ability to self-fund recovery and making sustained profitability uncertain without durable pricing or cost-structure improvements.
IRICO Group New Energy Co. Ltd. Class H News
0438 FAQ
What was IRICO Group New Energy Co. Ltd. Class H’s price range in the past 12 months?
IRICO Group New Energy Co. Ltd. Class H lowest stock price was HK$1.28 and its highest was HK$3.15 in the past 12 months.
What is IRICO Group New Energy Co. Ltd. Class H’s market cap?
IRICO Group New Energy Co. Ltd. Class H’s market cap is HK$253.90M.
When is IRICO Group New Energy Co. Ltd. Class H’s upcoming earnings report date?
IRICO Group New Energy Co. Ltd. Class H’s upcoming earnings report date is Aug 26, 2026 which is in 81 days.
How were IRICO Group New Energy Co. Ltd. Class H’s earnings last quarter?
IRICO Group New Energy Co. Ltd. Class H released its earnings results on Mar 25, 2026. The company reported -HK$1.643 earnings per share for the quarter, missing the consensus estimate of N/A by -HK$1.643.
Is IRICO Group New Energy Co. Ltd. Class H overvalued?
According to Wall Street analysts IRICO Group New Energy Co. Ltd. Class H’s price is currently Overvalued.
Does IRICO Group New Energy Co. Ltd. Class H pay dividends?
IRICO Group New Energy Co. Ltd. Class H does not currently pay dividends.
What is IRICO Group New Energy Co. Ltd. Class H’s EPS estimate?
IRICO Group New Energy Co. Ltd. Class H’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does IRICO Group New Energy Co. Ltd. Class H have?
IRICO Group New Energy Co. Ltd. Class H has 96,248,670 shares outstanding.
What happened to IRICO Group New Energy Co. Ltd. Class H’s price movement after its last earnings report?
IRICO Group New Energy Co. Ltd. Class H reported an EPS of -HK$1.643 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of IRICO Group New Energy Co. Ltd. Class H?
Currently, no hedge funds are holding shares in HK:0438
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IRICO Group New Energy Co. Ltd. Class H Stock Smart Score
Underperform
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Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.41%
12-Months-Change
Fundamentals
Return on Equity
-57.16%
Trailing 12-Months
Asset Growth
-1.33%
Trailing 12-Months
Company Description
IRICO Group New Energy Co. Ltd. Class H
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the research and development, production, and sale of new energy photovoltaic glass in the People's Republic of China and internationally. The company also offers solar cells and components. In addition, 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. The company was founded in 2004 and is headquartered in Xianyang, the People's Republic of China.
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