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IRICO Group New Energy Company Limited logo

IRICO Group New Energy Company Limited

0438.HK

HKSEEnergySolar

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Latest quote

HK$1.28

HK$0.00 · 0.00%

Aug 21, 10:26 AM HKT

0438.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

IRICO Group New Energy Company Limited, operating with its various subsidiaries, is primarily involved in the research, development, manufacturing, and global distribution of advanced photovoltaic glass for the new energy sector, serving both the People's Republic of China and international markets. The company further provides solar cells and their associated components, and actively participates in photovoltaic power generation. Established in 2004, the organization was previously known as IRICO Group Electronics Company Limited before rebranding to its current name in January 2016. Its corporate headquarters are located in Xianyang, People's Republic of China.

Industry
Solar
Sector
Energy
Headquarters
CN
CEO
Hua Yang
Listed since
Dec 20, 2004
Employees
2,088

Market position

52-week range

Current HK$1.28

Open
HK$1.28
Previous close
HK$1.28
Volume
600
0.02× average
Average volume
36.87K
Average daily volume
Market cap
225.69M HKD
Beta
1.03
Market reference 1
50-day average
HK$1.2655
+1.15% above average
200-day average
HK$1.7559
-27.10% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.67B CNY
P/E (TTM)
-0.35×
P/B (TTM)
0.23×
P/S (TTM)
0.07×
EV / EBITDA
-29.3×
Earnings yield
-184.27%
Free cash flow yield
-79.01%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-10.28%
Operating margin
-19.46%
Net margin
-19.29%
Return on equity
-66.54%
Return on assets
-6.74%
Return on invested capital
-8.04%

Financial health

Debt / equity
7.94×
Current ratio
0.58×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%9%-7%-24%Gross margin, FY2021: 21.69%Gross margin, FY2022: 14.69%Gross margin, FY2023: 6.92%Gross margin, FY2024: -2.91%Gross margin, FY2025: -10.28%Operating margin, FY2021: 9.03%Operating margin, FY2022: 4.06%Operating margin, FY2023: -7.16%Operating margin, FY2024: -12.30%Operating margin, FY2025: -19.46%Net margin, FY2021: 7.95%Net margin, FY2022: 3.61%Net margin, FY2023: -7.34%Net margin, FY2024: -11.48%Net margin, FY2025: -19.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.69%. Gross margin FY2022 14.69%. Gross margin FY2023 6.92%. Gross margin FY2024 -2.91%. Gross margin FY2025 -10.28%. Operating margin FY2021 9.03%. Operating margin FY2022 4.06%. Operating margin FY2023 -7.16%. Operating margin FY2024 -12.30%. Operating margin FY2025 -19.46%. Net margin FY2021 7.95%. Net margin FY2022 3.61%. Net margin FY2023 -7.34%. Net margin FY2024 -11.48%. Net margin FY2025 -19.29%.

Income trends

Revenue

2.91B CNY-11.33%

Operating income

−565.4M CNY-40.31%

Net income

−560.34M CNY-49.04%
Income trends across reported periods3.66B CNY2.12B CNY587.08M CNY−949.56M CNYRevenue, FY2021: 2.07B CNYRevenue, FY2022: 2.47B CNYRevenue, FY2023: 3.15B CNYRevenue, FY2024: 3.28B CNYRevenue, FY2025: 2.91B CNYOperating income, FY2021: 186.69M CNYOperating income, FY2022: 100.34M CNYOperating income, FY2023: −225.21M CNYOperating income, FY2024: −402.97M CNYOperating income, FY2025: −565.4M CNYNet income, FY2021: 164.43M CNYNet income, FY2022: 89.23M CNYNet income, FY2023: −230.96M CNYNet income, FY2024: −375.95M CNYNet income, FY2025: −560.34M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.07B CNY. Revenue FY2022 2.47B CNY. Revenue FY2023 3.15B CNY. Revenue FY2024 3.28B CNY. Revenue FY2025 2.91B CNY. Operating income FY2021 186.69M CNY. Operating income FY2022 100.34M CNY. Operating income FY2023 −225.21M CNY. Operating income FY2024 −402.97M CNY. Operating income FY2025 −565.4M CNY. Net income FY2021 164.43M CNY. Net income FY2022 89.23M CNY. Net income FY2023 −230.96M CNY. Net income FY2024 −375.95M CNY. Net income FY2025 −560.34M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.91B CNY3.28B CNY3.15B CNY2.47B CNY2.07B CNY
Cost of goods sold3.2B CNY3.37B CNY2.93B CNY2.11B CNY1.62B CNY
Gross profit−298.5M CNY−95.22M CNY217.7M CNY362.85M CNY448.32M CNY
Research and development96.86M CNY120.81M CNY102.93M CNY61.9M CNY49.6M CNY
Selling, general, and administrative26.58M CNY22.89M CNY36.1M CNY14.29M CNY22.73M CNY
Operating expenses266.9M CNY216.52M CNY442.92M CNY262.52M CNY263.79M CNY
Interest income19.02M CNY30.74M CNY31.26M CNY18.98M CNY6.15M CNY
Interest expense160.51M CNY158.06M CNY115.06M CNY84.87M CNY76.7M CNY
Depreciation and amortization290.2M CNY179.3M CNY195.99M CNY132.93M CNY23.72M CNY
Operating income−565.4M CNY−402.97M CNY−225.21M CNY100.34M CNY186.69M CNY
Net income−560.34M CNY−375.95M CNY−230.96M CNY89.23M CNY164.43M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-3.18
FY2025
Latest fiscal-year revenue
2.91B CNY
FY2025 · -11.33% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend1.67-0.09-1.86-3.62FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.4B2.91B2.43B1.95BFY21FY22FY23FY24FY25

Corporate actions

Corporate action history

Stock split

Effective Mar 30, 2021

1:20

Stock split

Effective Dec 28, 2009

11:10

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