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Add New Energy Investment Holdings Group Ltd.
(2623)
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Rating:46Neutral
Price Target:
HK$3.50
▼(-28.57% Downside)
Action:Reiterated
Date:08/10/26
The score is held down primarily by sharply weaker financial performance (large swing to losses and sustained negative operating/free cash flow), with additional pressure from bearish technical signals (price below key moving averages and negative MACD). A strengthened balance sheet from lower leverage provides some resilience, but valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Lower Leverage
Substantially lower debt reduces financial strain and improves resilience during a difficult operating period. Very low debt-to-equity also gives management more flexibility to preserve liquidity, address operational issues, and allocate capital without relying as heavily on creditors.
Negative Factors
Revenue Contraction
A roughly 47% annual revenue decline represents a major contraction in the operating base, reducing scale and making fixed costs harder to absorb. Unless sales recover, the smaller revenue base can continue to pressure margins, profitability, and the company’s ability to fund operations internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Substantially lower debt reduces financial strain and improves resilience during a difficult operating period. Very low debt-to-equity also gives management more flexibility to preserve liquidity, address operational issues, and allocate capital without relying as heavily on creditors.
Read all positive factors
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.97B
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth16.64%
EPS Growth-230.56%
CountryHK
Employees146
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.25
Shares Outstanding548,629,800
10 Day Avg. Volume1,232,233
30 Day Avg. Volume1,495,856
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)3.10
Price to Sales (P/S)18.96
P/FCF Ratio-3.89
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
Add New Energy Investment Holdings Group Ltd. Business Overview & Revenue Model
Company Description
Add New Energy Investment Holdings Group Limited operates as an investment holding company primarily focused on the exploration, extraction, and processing of iron and ilmenite ores within the People's Republic of China. Its core output comprises ...
Add New Energy Investment Holdings Group Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.58M | 282.09M | 1.26B | 1.87B | 1.63B |
| Gross Profit | 4.05M | 12.57M | 141.46M | 145.10M | 29.61M |
| EBITDA | -11.26M | -26.75M | 84.86M | 101.16M | -9.96M |
| Net Income | -87.46M | 61.72M | 50.52M | 57.63M | -30.06M |
Balance Sheet | |||||
| Total Assets | 1.15B | 1.02B | 869.30M | 746.04M | 705.97M |
| Cash, Cash Equivalents and Short-Term Investments | 242.77M | 80.00M | 146.13M | 124.67M | 191.29M |
| Total Debt | 10.64M | 268.00M | 31.87M | 70.78M | 181.46M |
| Total Liabilities | 692.33M | 470.14M | 377.42M | 392.06M | 418.76M |
| Stockholders Equity | 462.27M | 545.84M | 491.88M | 353.98M | 287.21M |
Cash Flow | |||||
| Free Cash Flow | -367.98M | -243.07M | -52.79M | 60.52M | 77.15M |
| Operating Cash Flow | -63.42M | -72.02M | 53.34M | 212.30M | 83.47M |
| Investing Cash Flow | -15.32M | -141.41M | -112.44M | -178.18M | 4.91M |
| Financing Cash Flow | 238.97M | 147.27M | 80.67M | -103.48M | -20.89M |
Add New Energy Investment Holdings Group Ltd. Technical Analysis
Negative
4.90
Price Trends
4.16
Negative
4.66
Negative
4.45
Negative
Market Momentum
-0.15
Positive
27.42
Positive
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2623, the sentiment is Negative. The current price of 4.9 is above the 20-day moving average (MA) of 3.84, above the 50-day MA of 4.16, and above the 200-day MA of 4.45, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 27.42 is Positive, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2623.
Add New Energy Investment Holdings Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$459.68B | 14.62 | 31.60% | 2.52% | 25.06% | 72.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$324.80M | 38.32 | 1.58% | 0.90% | 2.31% | ― | |
46 Neutral | HK$1.97B | -11.42 | -15.79% | ― | 16.64% | -230.56% | |
46 Neutral | HK$2.22B | 5.31 | 11.28% | 2.44% | -32.45% | ― | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | 0.99% | ― | ― | |
42 Neutral | HK$49.89M | -0.14 | -1613.43% | 2.61% | -20.14% | -84.86% |
* Basic Materials Sector Average
HK:2623
Add New Energy Investment Holdings Group Ltd.
3.60
3.15
698.23%
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CMOC Group
17.34
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China Rare Earth Holdings
0.70
0.00
0.00%
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South Manganese Investment Limited
0.38
-0.06
-13.64%
HK:2237
China Graphite Group Ltd.
0.20
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-44.51%
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0.06
-0.17
-74.77%
Add New Energy Investment Holdings Group Ltd. Corporate Events
Hong Kong Gold Industry Group’s Revenue Surges but Losses Deepen in First Half of 2026
Aug 28, 2026
Hong Kong Gold Industry Group Limited reported a sharp jump in revenue to RMB92.6 million for the six months ended 30 June 2026, up 617.8% from a year earlier, driven by expanded business activity in its gold-related operations. Despite the strong...
Hong Kong Gold Industry Group Tightens Compliance as Ilmenite Plant Procurements Recast as Major Transactions
Aug 18, 2026
Hong Kong Gold Industry Group Limited, formerly Add New Energy Investment Investment Holdings Group, operates in the mineral resources sector via subsidiaries such as Shandong Shengtai. The group is developing and upgrading processing capacity at ...
Hong Kong Gold Industry Group Schedules Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
Hong Kong Gold Industry Group Limited has called a board meeting for 28 August 2026 to review and approve its interim financial results for the six months ended 30 June 2026. The directors will also consider declaring an interim dividend, a decisi...
Hong Kong Gold Industry Group Warns of Wider Interim Loss on Expansion Costs and FX Hit
Aug 17, 2026
Hong Kong Gold Industry Group Limited has issued a profit warning, stating it expects to report a net loss of about RMB14 million for the six months ended 30 June 2026, widening from a loss of roughly RMB3.6 million a year earlier. The interim res...
Hong Kong Gold Industry Group Raises HK$93.2 Million Through Share Placing for Mining Investments
Aug 4, 2026
Hong Kong Gold Industry Group Limited has completed a placing of 23,200,000 new shares under its general mandate, increasing its issued share capital from 525,429,792 to 548,629,792 shares. The shares, representing about 4.23% of the enlarged capi...
Hong Kong Gold Industry Group Redirects Rights Issue Funds Toward Acquisitions
Jul 29, 2026
Hong Kong Gold Industry Group Limited, formerly Add New Energy Investment Holdings Group Ltd., is a Cayman-incorporated, Hong Kong-listed resources company active in mining and trading. Its portfolio includes the Zhuge Shangyu Ilmenite Mine, and i...
Hong Kong Gold Industry Group Extends Deadline for Discounted Share Placement
Jul 14, 2026
Hong Kong Gold Industry Group Limited has amended its existing placing agreement for new shares under its general mandate, extending the deadline for completion of the share placement. The company and its joint placing agents have pushed the lates...
Hong Kong Gold Industry Group Overhauls Board as AGM Resolutions Pass Unanimously
Jun 23, 2026
Hong Kong Gold Industry Group Limited, formerly Add New Energy Investment Holdings Group Limited, reported that all resolutions at its annual general meeting were passed, including receipt of the 2025 audited financial statements and the reappoint...
Hong Kong Gold Industry Group Sets Out Board and Committee Structure
Jun 23, 2026
Hong Kong Gold Industry Group Limited, formerly Add New Energy Investment Holdings Group Limited, has announced the current composition of its board of directors, detailing a structure that includes executive, non-executive and independent non-exe...
Hong Kong Gold Industry Group to Raise HK$93 Million via Discounted Share Placing for Mining Investments
Jun 18, 2026
Hong Kong Gold Industry Group Limited has entered into a placing agreement to issue up to 23.2 million new shares under its general mandate, representing about 4.42% of its existing share capital and 4.23% of its enlarged share base. The shares wi...
Hong Kong Gold Industry Group Cuts Board Lot Size to Boost Liquidity
Jun 15, 2026
Hong Kong Gold Industry Group Limited will reduce the trading board lot size of its shares on the Hong Kong Stock Exchange from 2,000 shares to 500 shares, effective 9:00 a.m. on 8 July 2026. Based on a closing price of HK$4.72, this cuts the mini...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.