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Add New Energy Investment Holdings Group Ltd. (2623) AI Stock Analysis
Add New Energy Investment Holdings Group Ltd.
(HKEX:2623)
The overall score is low, driven primarily by a severe deterioration in financial performance: revenue has collapsed, profitability has reversed into deep losses, and operating plus free cash flows are strongly negative, raising concern about business sustainability despite low leverage and a sizable equity base. Technicals are weak but not in free fall, with the price slightly below key moving averages and momentum indicators in a soft, non-oversold range, offering no strong near-term support. Valuation is constrained by a negative P/E and the absence of a dividend, so investors are essentially betting on a turnaround that is not yet supported by current financial trends.
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.70B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.30M
- Price to Earnings (P/E)
- -9.9
- Beta (1Y)
- 0.98
- Revenue Growth
- 16.64%
- EPS Growth
- -230.56%
- Country
- Hong Kong
- Employees
- 175
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
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 iro...
Add New Energy Investment Holdings Group Ltd. Financial Statement Overview
Summary
Revenue has collapsed from 1.87B to 73.6M with a swing from peak 61M profit to an 85M net loss, gross margin compressed to 4%, and net margin at -116%, indicating severe operational distress despite a prior recovery phase. The balance sheet is moderately supportive with a solid 462M equity base, 1.15B in assets, and very low 2.3% debt-to-equity, but ROE has fallen to -18%, showing that capital is currently being destroyed. Cash flow trends are weak, with operating cash flow turning deeply negative (-63M) and free cash flow worsening to -368M, signaling ongoing cash burn and liquidity risk.
Income Statement
12Very NegativeBalance Sheet
45NeutralCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.33M | 75.58M | 282.09M | 1.26B | 1.87B | 1.63B |
| Gross Profit | 9.76M | 4.05M | 12.57M | 141.46M | 145.10M | 29.61M |
| EBITDA | -53.60M | -12.11M | -27.39M | 86.02M | 101.54M | -9.48M |
| Net Income | -98.09M | -87.46M | 61.72M | 50.52M | 57.63M | -30.06M |
Balance Sheet | ||||||
| Total Assets | 1.45B | 1.15B | 1.02B | 869.30M | 746.04M | 705.97M |
| Cash, Cash Equivalents and Short-Term Investments | 266.65M | 242.77M | 80.00M | 146.13M | 124.67M | 191.29M |
| Total Debt | 3.20M | 10.64M | 268.00M | 31.87M | 70.78M | 181.46M |
| Total Liabilities | 666.35M | 692.33M | 470.14M | 377.42M | 392.06M | 418.76M |
| Stockholders Equity | 780.55M | 462.27M | 545.84M | 491.88M | 353.98M | 287.21M |
Cash Flow | ||||||
| Free Cash Flow | -369.43M | -367.98M | -243.07M | -52.79M | 60.52M | 77.15M |
| Operating Cash Flow | -15.96M | -63.42M | -72.02M | 53.34M | 212.30M | 83.47M |
| Investing Cash Flow | -431.86M | -15.32M | -141.41M | -112.44M | -178.18M | 4.91M |
| Financing Cash Flow | 570.29M | 238.97M | 147.27M | 80.67M | -103.48M | -20.89M |
Add New Energy Investment Holdings Group Ltd. Technical Analysis
Price Trends
Market Momentum
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 3.10 is below the 20-day moving average (MA) of 3.33, below the 50-day MA of 3.51, and below the 200-day MA of 4.34, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 35.64 is Neutral, neither overbought nor oversold. The STOCH value of 49.85 is Neutral, 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
Overall Rating
HK:399366.4Neutral
HK:109150Neutral
HK:223749Neutral- HK:262345Neutral
HK:076944Neutral
HK:612839.4Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3993 | 66Neutral | HKD 329.39B | 9.68 | 32.65% | 3.54% | 38.53% | 62.42% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1091 | 50Neutral | HKD 2.28B | 5.38 | 11.28% | ― | -32.45% | ― |
| HK:2237 | 49Neutral | HKD 256.00M | 30.79 | 1.58% | ― | 2.31% | ― |
| HK:2623 | 45Neutral | HKD 1.73B | -9.88 | -15.79% | ― | 16.64% | -230.56% |
| HK:0769 | 44Neutral | HKD 1.95B | -15.63 | -5.27% | ― | ― | ― |
| HK:6128 | 39Underperform | HKD 23.72M | -0.05 | -1613.43% | ― | -20.14% | -84.86% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2623 | Add New Energy Investment Holdings Group Ltd. | 3.10 | 0.49 | 18.96% | |
| HK:3993 | CMOC Group | 12.28 | -2.80 | -18.57% | |
| HK:0769 | China Rare Earth Holdings | 0.70 | 0.00 | 0.00% | |
| HK:1091 | South Manganese Investment Limited | 0.38 | -0.04 | -9.52% | |
| HK:2237 | China Graphite Group Ltd. | 0.16 | -0.22 | -57.89% | |
| HK:6128 | Graphex Group Limited | 0.02 | -0.27 | -92.76% |
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
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 to...
Hong Kong Gold Industry Group Tightens Compliance as Ilmenite Plant Procurements Recast as Major Transactions
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 the...
Hong Kong Gold Industry Group Schedules Board Meeting to Review Interim Results and Dividend
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 decision...
Hong Kong Gold Industry Group Warns of Wider Interim Loss on Expansion Costs and FX Hit
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 result...
Hong Kong Gold Industry Group Raises HK$93.2 Million Through Share Placing for Mining Investments
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 capital...
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.
Date of analysis: Aug 10, 2026