---
title: "IRICO Group New Energy Company Limited (00438.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/00438.HK.md"
symbol: "00438.HK"
name: "IRICO Group New Energy Company Limited"
industry: "Electronic Components"
---

# IRICO Group New Energy Company Limited (00438.HK)

| Item | Detail |
|------|--------|
| Industry | Electronic Components |
| Location | HK Market |
| Website | [www.irico.com.cn](https://www.irico.com.cn) |

## Company Profile

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 co...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: E (0.84)**

**Industry**: Electronic Components

| Metric | Value |
|--------|-------|
| Industry Ranking | 21 / 22 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -29.17% |  |
| Net Profit YoY | -754.22% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.30 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 364.99M |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 2.99B |  |


**Multi Score**: E

#### Profit Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -46.23% | E |
| Profit Margin | -24.52% | E |
| Gross Margin | -10.97% | E |

#### Growth Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -29.17% | E |
| Net Profit YoY | -754.22% | E |
| Total Assets YoY | -1.37% | D |
| Net Assets YoY | -36.90% | E |

#### Cash Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -407.77% | D |
| OCF YoY | -29.17% | E |

#### Operating Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.30 | D |

#### Debt Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 87.42% | E |


```chart-data:radar
{
  "title": "Longbridge Financial Score - IRICO Group New Energy Company Limited",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "E",
      "indicators": [
        {
          "name": "ROE",
          "value": "-46.23%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-24.52%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "-10.97%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "E",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-29.17%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-754.22%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-1.37%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-36.90%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "E",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-407.77%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "-29.17%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "D",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.30",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "E",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "87.42%",
          "rating": "E"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | Lens (HK.6613) | C | B | A | B | B | B |
| 02 | SUNNY OPTICAL (HK.2382) | B | B | B | C | B | B |
| 03 | KB LAMINATES (HK.1888) | B | B | B | C | B | B |
| 04 | COWELL (HK.1415) | B | A | A | D | A | B |
| 05 | YEEBO (INT'L H) (HK.259) | A | A | D | A | C | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -0.49 | 13/23 | - | - | - |
| PB | 0.30 | 5/23 | 0.33 | 0.27 | 0.24 |
| PS (TTM) | 0.12 | 1/23 | 0.13 | 0.12 | 0.11 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2022-12-08T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 1 | 100% |
| Overweight | 0 | 0% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 2.07 |

## References

- [Company Overview](https://longbridge.com/en/quote/00438.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/00438.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/00438.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.