Add New Energy Investment Holdings Group Ltd. (2623) AI Stock Analysis

• Market Cap: HK$220.68M
• Dividend Yield: N/A
• Average Volume (3M): 24.63K
• Price to Earnings (P/E): 2.6
• Beta (1Y): -0.70
• Revenue Growth: -70.82%
• EPS Growth: 5182.22%
• Country: HK
• Employees: 119
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 350,286,530
• 10 Day Avg. Volume: 41,743
• 30 Day Avg. Volume: 24,634
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$0.50
• Price Target Upside: -20.63% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: HK$0.50 ▼(-20.63% Downside)

The overall stock score of 60 reflects a combination of mixed financial performance and technical analysis, with a strong valuation score due to a low P/E ratio. The significant revenue decline and negative cash flow are major concerns, while the technical indicators suggest a lack of strong momentum. The absence of earnings call and corporate events data limits further insights.

Add New Energy Investment Holdings Group Ltd. Business Overview & Revenue Model

Company Description

Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ores in the People's Republic of China. It primarily produces and sells iron and titanium concentrates to iron pellets and steel producers. The company's mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Luxing Titanium, and Qinjiazhuang Ilmenite Mine. It is also involved in the trading of coarse iron powder, spodumene, semi-coke, and blended coal; and wind power generation. The company was formerly known as China Zhongsheng Resources Holdings Limited and changed its name to Add New Energy Investment Holdings Group Limited in July 2016. Add New Energy Investment Holdings Group Limited was incorporated in 2011 and is headquartered in Yishui, the People's Republic of China.

How the Company Makes Money

Add New Energy Investment Holdings Group Ltd. generates revenue primarily through the sale of photovoltaic products, including solar panels and related components. The company also earns income from its investments in renewable energy projects, where it may receive returns from the electricity generated and sold to the grid or other buyers. Key revenue streams include direct sales to solar energy developers, partnerships with other firms in the renewable energy sector, and potential government subsidies or incentives for clean energy initiatives. The company's earnings are influenced by global demand for renewable energy solutions, technological advancements in solar power, and regulatory frameworks supporting sustainable energy.

Add New Energy Investment Holdings Group Ltd. Financial Statement Overview

Summary

The company shows improving profitability with better cost management, reflected in improved gross and net profit margins. However, revenue has decreased significantly, and the EBITDA margin remains negative, indicating operational inefficiencies. The balance sheet is strong due to low leverage, but cash flow challenges persist, raising concerns about liquidity.

Income Statement

The company has shown a significant decrease in revenue over recent years, with a substantial drop in 2024 compared to previous years. However, the gross profit margin has improved in 2024, indicating better cost management. The net profit margin has also improved, reflecting a positive trend in profitability. EBITDA margin remains negative, indicating potential operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position with an increase in stockholders' equity over time. The debt-to-equity ratio is relatively low, suggesting low financial leverage. However, the equity ratio indicates a moderate reliance on liabilities, which could pose risks if not managed properly.

Cash Flow

The cash flow statement reflects challenges in maintaining positive free cash flow, with significant fluctuations across the years. The operating cash flow to net income ratio is unavailable for 2024, complicating performance evaluation. Historical data indicates inconsistent free cash flow generation, raising concerns about long-term liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	282.09M	1.26B	1.87B	1.63B	965.98M
Gross Profit	12.57M	141.46M	145.10M	29.61M	78.23M
EBITDA	-26.75M	84.86M	101.16M	-9.96M	47.60M
Net Income	61.72M	50.52M	57.63M	-30.06M	60.70M
Balance Sheet
Total Assets	1.02B	869.30M	746.04M	705.97M	662.51M
Cash, Cash Equivalents and Short-Term Investments	80.00M	146.13M	124.67M	191.29M	124.40M
Total Debt	268.00M	31.87M	70.78M	181.46M	191.42M
Total Liabilities	470.14M	377.42M	392.06M	418.76M	334.89M
Stockholders Equity	545.84M	491.88M	353.98M	287.21M	327.62M
Cash Flow
Free Cash Flow	-243.07M	-52.79M	60.52M	77.15M	-14.26M
Operating Cash Flow	-72.02M	53.34M	212.30M	83.47M	21.13M
Investing Cash Flow	-141.41M	-112.44M	-178.18M	4.91M	-11.90M
Financing Cash Flow	147.27M	80.67M	-103.48M	-20.89M	27.52M

Add New Energy Investment Holdings Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2623, the sentiment is Positive. The current price of 0.63 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.52, and above the 200-day MA of 0.54, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 78.50 is Negative, neither overbought nor oversold. The STOCH value of 56.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2623.

Add New Energy Investment Holdings Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2623	60 Neutral	HK$220.68M	2.65	14.56%	―	-70.82%	5182.22%
1091	51 Neutral	1.95B	-3.34	-30.70%	―	-31.35%	-71.37%
2237	49 Neutral	560.00M	-65.45	-2.87%	―	-23.72%	-196.49%
1370	46 Neutral	403.93M	-1.37	-42.12%	―	-6.51%	41.00%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Add New Energy Investment Holdings Group Ltd. Corporate Events

Add New Energy Reports Significant Revenue Decline Amid Improved Loss Management

Add New Energy Investment Holdings Group Ltd. reported a significant decrease in revenue for the first half of 2025, with a 91.8% drop compared to the same period in 2024. Despite the sharp decline in revenue, the company’s total comprehensive loss decreased by 85.9%, indicating improved cost management or other financial adjustments. These results reflect challenges in the company’s operational environment, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:2623) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.

Add New Energy Announces Board Meeting to Review Interim Results

Add New Energy Investment Holdings Group Ltd. has announced a board meeting scheduled for August 29, 2025, to consider and approve the unaudited interim results for the first half of 2025. The meeting will also discuss the potential declaration of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:2623) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.

Add New Energy Investment Holdings Announces Successful AGM Resolutions

Add New Energy Investment Holdings Group Limited announced that all resolutions proposed at their Annual General Meeting on June 27, 2025, were successfully passed. This includes the re-election of directors, the re-appointment of auditors, and the approval of mandates for issuing and repurchasing shares, as well as amendments to the company’s Memorandum and Articles of Association. The unanimous approval of these resolutions indicates strong shareholder support and positions the company for continued strategic growth and operational stability.