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IRICO NEWENERGY
00438.HK
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the research and development, manufacturing, and sale of solar photovoltaic glass in the People’s Republic of China and internationally. The company offers ultra-white embossed, AR photovoltaic, and back glass. 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. IRICO Group New Energy Company Limited was incorporated in 2004 and is headquartered in Xianyang, the People’s Republic of China.
350.04 B
00438.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
E
Electronic ComponentsIndustry
Industry Ranking21/22
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreE
    • ROE-46.23%E
    • Profit Margin-24.52%E
    • Gross Margin-10.97%E
  • Growth ScoreE
    • Revenue YoY-29.17%E
    • Net Profit YoY-754.22%E
    • Total Assets YoY-1.37%D
    • Net Assets YoY-36.90%E
  • Cash ScoreE
    • Cash Flow Margin-407.77%D
    • OCF YoY-29.17%E
  • Operating ScoreD
    • Turnover0.3D
  • Debt ScoreE
    • Gearing Ratio87.42%E

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    IRICO NEWENERGY nominates Yao Rui as the employee director of the sixth board of directors

    According to the Zhitong Finance APP, IRICO NEWENERGY announced that Wang Dong resigned as a non-executive director and member of the nomination committee due to his intention to devote more time to the work affairs of Rainbow Group Limited. The company's employee representative assembly elected Yao Rui as the employee director of the sixth board of directors, effective from the date of the employee representative assembly election, consistent with the term of the sixth board of directors

    Zhitong·
    HK
    00438
    -3.37%
    Zhitong·
    HK
    00438
    -3.37%

    Understanding the Market | Photovoltaic stocks' decline widened in the afternoon as the results of the mechanism electricity price bidding were released. Institutions claim that the photovoltaic installation capacity in the fourth quarter may significantly slow down

    The decline of photovoltaic stocks expanded in the afternoon trading, with IRICO NEWENERGY down 5.16%, XINTE ENERGY down 3.73%, FLAT GLASS down 3.36%, and XINYI SOLAR down 2.63%. The Shandong Provincial Development and Reform Commission announced the bidding results for the 2025 new energy mechanism electricity prices, with the winning bid for photovoltaic at 0.225 yuan/kWh. Analysis indicates that the installed capacity of photovoltaics may significantly slow down in the fourth quarter due to policy-driven exit of backward production capacity, and the demand for installations in the second half of the year has been overdrawn, with expectations that the demand for polysilicon will continue to weaken

    Zhitong·
    HK
    01799
    +0.68%
    SH
    601865
    +0.51%
    HK
    06865
    -0.20%
    Zhitong·
    HK
    01799
    +0.68%
    SH
    601865
    +0.51%
    HK
    06865
    -0.20%

    IRICO NEWENERGY announced its interim results, with a net loss attributable to shareholders of the parent company of approximately 296 million yuan, turning from profit to loss year-on-year

    IRICO NEWENERGY announced its mid-term performance for 2025, with operating revenue of approximately 1.519 billion yuan, a year-on-year decrease of 25.52%; the net loss attributable to shareholders of the parent company was approximately 296 million yuan, turning from profit to loss year-on-year, with a basic loss per share of 1.6770 yuan. The loss was mainly due to the supply-demand imbalance in the photovoltaic glass industry and a significant decline in product prices, leading to a substantial drop in gross profit margin. The company is actively working on cost reduction, efficiency enhancement, and technological innovation

    Zhitong·
    HK
    00438
    -3.37%
    Zhitong·
    HK
    00438
    -3.37%

    Understanding the Market | Photovoltaic stocks widened their losses in the afternoon, with the main contract for polysilicon hitting the limit down. Declining project profitability may restrict new photovoltaic installations

    Photovoltaic stocks expanded their decline in the afternoon, with IRICO NEWENERGY down 6.22%, XINYI GLASS down 4.76%, XINTE ENERGY down 2.1%, and FLAT GLASS down 1.28%. The main contract for polysilicon hit the limit down, and data from the National Energy Administration showed that the newly installed capacity for solar power generation in June decreased by 38% year-on-year. It is expected that the EU's newly installed solar capacity will be 64.2GW in 2025, a year-on-year decrease of 1.4%. Cathay Securities pointed out that the new policies for renewable energy will lead to increased uncertainty in future cash flows, which may prompt a decline in renewable energy installations

    Zhitong·
    HK
    00868
    -0.45%
    HK
    01799
    +0.68%
    HK
    00438
    -3.37%
    Zhitong·
    HK
    00868
    -0.45%
    HK
    01799
    +0.68%
    HK
    00438
    -3.37%

    IRICO NEWENERGY issued a profit warning, expecting a mid-term net loss attributable to the parent company of approximately 290 million to 320 million yuan, a year-on-year turnaround from profit to loss

    IRICO NEWENERGY issued a profit warning, expecting a net loss attributable to the parent company of approximately 290 million to 320 million yuan in the first half of 2025, turning from profit to loss year-on-year. The expected operating revenue is between 1.495 billion and 1.525 billion yuan, a year-on-year decrease of approximately 25.21% to 26.68%. Although the sales volume of photovoltaic glass increased by 5.5%, the significant decline in product prices led to a substantial decrease in operating revenue. The company will continue to promote cost reduction, efficiency enhancement, and technological innovation, but the gross profit margin has significantly declined, and some inventory has been subject to impairment provisions

    Zhitong·
    HK
    00438
    -3.37%
    Zhitong·
    HK
    00438
    -3.37%
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