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Add New Energy Investment Holdings Group Ltd.
(2623)
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Rating:46Neutral
Price Target:
HK$3.00
▼(-38.78% 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 improves financial resilience and reduces balance-sheet pressure. This gives the company more capacity to withstand operating volatility, preserve liquidity, and allocate resources toward energy-related opportunities without relying as heavily on external financing.
Negative Factors
Revenue and Profit Collapse
The sharp revenue contraction and move into a large loss indicate substantial deterioration in the operating base. Lower scale and deeply negative margins weaken earnings visibility, reduce internal funding capacity, and make recovery dependent on a sustained improvement in business performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Substantially lower debt improves financial resilience and reduces balance-sheet pressure. This gives the company more capacity to withstand operating volatility, preserve liquidity, and allocate resources toward energy-related opportunities without relying as heavily on external financing.
Read all positive factors
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.73B
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth16.64%
EPS Growth-230.56%
CountryHK
Employees175
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.27
Shares Outstanding548,629,800
10 Day Avg. Volume1,506,867
30 Day Avg. Volume1,092,664
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 | 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
Negative
4.90
Price Trends
3.51
Negative
3.95
Negative
4.34
Negative
Market Momentum
-0.14
Positive
35.64
Neutral
49.85
Neutral
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 3.33, above the 50-day MA of 3.51, and above 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$329.39B | 9.68 | 32.65% | 3.54% | 38.53% | 62.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.28B | 5.38 | 11.28% | 2.44% | -32.45% | ― | |
55 Neutral | HK$256.00M | 30.86 | 1.58% | 0.90% | 2.31% | ― | |
46 Neutral | HK$1.73B | -9.90 | -15.79% | ― | 16.64% | -230.56% | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | 0.99% | ― | ― | |
39 Underperform | HK$23.72M | -0.05 | -1613.43% | 2.61% | -20.14% | -84.86% |
* Basic Materials Sector Average
HK:2623
Add New Energy Investment Holdings Group Ltd.
3.15
2.48
371.56%
HK:3993
CMOC Group
12.32
-3.56
-22.42%
HK:0769
China Rare Earth Holdings
0.70
0.00
0.00%
HK:1091
South Manganese Investment Limited
0.39
-0.05
-11.49%
HK:2237
China Graphite Group Ltd.
0.16
-0.23
-58.97%
HK:6128
Graphex Group Limited
0.02
-0.29
-93.33%
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...
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.