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ADD NEW ENERGY
02623.HK
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 produces and sells iron and titanium concentrates for iron pellets and steel producers. The company’s mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Gaozhuang Shangyu Ilmenite, and Qinjiazhuang Ilmenite Mine. It is also involved in the trading of blended coal, semi-coke, coarse iron powder, and coke; transportation and trading of minerals iron ore mining; processing and sale of iron concentrates; and develops clean energy, such as wind power, photovoltaic power, and solar power.
110.27 B
02623.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
SteelIndustry
Industry Ranking10/24
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE14.57%A
    • Profit Margin54.10%A
    • Gross Margin27.53%C
  • Growth ScoreD
    • Revenue YoY-70.84%E
    • Net Profit YoY7117.09%A
    • Total Assets YoY17.44%A
    • Net Assets YoY15.68%A
  • Cash ScoreD
    • Cash Flow Margin184.85%C
    • OCF YoY-70.84%E
  • Operating ScoreE
    • Turnover0.14E
  • Debt ScoreC
    • Gearing Ratio47.44%C

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Add New Energy Delays Dispatch of Offer Document in Prominence Investment Takeover

    Prominence Investment Holding Company Limited has delayed the dispatch of a document related to its offer to acquire all shares of Add New Energy Investment Holdings Group Limited not already owned by it. Further details, including a revised timetable and terms, will be provided later. This update was disclosed in a joint statement by both companies.

    Reuters·
    HK
    02623
    -3.05%
    Reuters·
    HK
    02623
    -3.05%

    Hong Kong Stock Movement: ADD NEW ENERGY rises 18.16%, with active capital inflow, sector trends trigger volatility attention

    ADD NEW ENERGY rose 18.16%; Tian Gong International rose 2.45%, with a transaction volume of HKD 42.31 million; Mongolian Coal rose 1.64%, with a transaction volume of HKD 25.62 million; Jinma Energy rose 4.00%, with a transaction volume of HKD 7.4 million; Ma'anshan Iron & Steel's market value reached HKD 20.7 billion

    HK Stock Movers Tracker·
    HK
    02623
    -3.05%
    HK Stock Movers Tracker·
    HK
    02623
    -3.05%

    Morning Trend | ADD NEW ENERGY experiences continuous high-level fluctuations, is the capital divergence intensifying or is the main line being supported?

    ADD NEW ENERGY (2623.HK) has formed a MACD golden cross after a continuous rebound, with a high-level tug-of-war in the daily structure. The company relies on the clean energy mainline and policy-driven factors, with its fundamentals continuously improving. Recently, it has been fervently pursued by institutions and speculative funds, with trading volume significantly increasing. The stock price is strongly consolidating along the 5-day and 10-day moving averages, with frequent high-low switches and intensified capital games. On the market level, the new energy sector has received multiple benefits from the government and the market. ADD NEW ENERGY, with its new production capacity and profit release, supports a bullish pattern in its fundamentals. Recently, the divergence of high-level funds has increased, with main funds flowing in and floating chips frequently switching, showing significant intraday fluctuations. Technically, the golden cross signal strengthens short-term support. If today's volume stabilizes above the 5-day line, it is expected to challenge previous highs and lead the mainline rhythm. Conversely, if the volume falls short of expectations or if industry hotspots frequently rotate, the risk of short-term high-level pullbacks will significantly increase. Operational advice: Avoid blindly chasing highs, focus on capital management, and flexibly layout based on sector catalysts. It is recommended to closely monitor industry policies and changes in the electricity market, as well as significant unusual orders and signs of main fund turnover. Overall, ADD NEW ENERGY has demonstrated a mainline demonstration effect, but under increased volatility, caution is needed regarding the risk of pullbacks, and position control should be strictly managed

    Technical Forecast·
    HK
    02623
    -3.05%
    Technical Forecast·
    HK
    02623
    -3.05%

    "Stocks in Motion" ADD NEW ENERGY resumes trading with a surge of 3.6 times, receiving a nearly 50% discount for full acquisition

    After resuming trading, ADD NEW ENERGY's stock price soared 3.59 times, currently reported at HKD 3.67, with a trading volume of approximately 330,000 shares, involving HKD 930,000. The company received an unconditional mandatory cash offer from PROMINENCE INVESTMENT HOLDING COMPANY LIMITED, with an offer price of HKD 0.4104 per share, totaling approximately HKD 63.746 million, representing a discount of 48.7% compared to the price before suspension. The offeror is wholly owned by SSC Group Limited, which is involved in investment fields such as mining

    etnet·
    HK
    02623
    -3.05%
    etnet·
    HK
    02623
    -3.05%

    ADD NEW ENERGY received a 48.7% discount on the full acquisition offer, resuming trading in the afternoon

    ADD NEW ENERGY announced that it has received an unconditional mandatory cash offer from New Baili Financing Co., Ltd. to acquire all issued shares. The offer price is HKD 0.4104 per share, with a total value of approximately HKD 63.746 million, representing a discount of 48.7% compared to the pre-suspension price of HKD 0.8. Currently, approximately 190 million shares are owned by the offeror and its concert parties. The company has applied to resume trading of its shares

    etnet·
    HK
    02623
    -3.05%
    etnet·
    HK
    02623
    -3.05%
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