IRC Limited logo

IRC Limited

1029.HK

HKSEBasic MaterialsSteel

Latest quote

HK$0.45

HK$0.00 · 0.00%

Aug 24, 3:38 PM HKT

1029.HK company overview

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Company profile

Company website

IRC Limited, an investment holding company headquartered in Central, Hong Kong, since its incorporation in 2010, is engaged in the global development, production, and sale of industrial commodities. Its operations span Russia, the People's Republic of China, and international markets. The company organizes its business into four distinct segments: Mines in Production, Mines in Development, Engineering, and Other. The "Mines in Production" segment comprises operational iron ore projects, notably the Kimkan and Sutara sites located within the Obluchenskoye district of Russia's Jewish Autonomous Region in the Far East. For future growth, the "Mines in Development" segment oversees iron ore projects currently undergoing exploration and development, including the Garinskoye project in the Amur region, the Kostenginskoye project, and the Bolshoi Seym project, which specifically targets ilmenomagnetite, magnetite, and ilmenite deposits in the Tynda district of the Amur region, also in the Russian Far East. Providing expert services, the "Engineering" segment delivers technical mining research and consultancy. Finally, the "Other" segment handles the manufacturing of vanadium pentoxides and related products, among other ventures. Additionally, IRC Limited participates in general trading, financing, engineering, and procurement services, and is actively involved in the advancement of titanium sponge.

Industry
Steel
Sector
Basic Materials
Headquarters
HK
CEO
Denis Vitalievich Cherednichenko
Listed since
Oct 21, 2010
Employees
1,802

Market position

Day range

Current HK$0.45

52-week range

Current HK$0.45

Open
HK$0.44
Previous close
HK$0.45
Volume
87.8K
0.31× average
Average volume
285.45K
Average daily volume
Market cap
862.61M HKD
Beta
0.34
Market reference 1
50-day average
HK$0.4367
+3.05% above average
200-day average
HK$0.5019
-10.33% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-0.56×
P/B (TTM)
0.4×
P/S (TTM)
0.43×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.73%
Operating margin
8.16%
Net margin
-50.92%

Financial health

Debt / equity
0.23×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends108%46%-16%-77%Gross margin, FY2021: 92.72%Gross margin, FY2022: 91.51%Gross margin, FY2023: 77.69%Gross margin, FY2024: 81.44%Gross margin, FY2025: 3.91%Operating margin, FY2021: 48.23%Operating margin, FY2022: 8.45%Operating margin, FY2023: 7.40%Operating margin, FY2024: -6.06%Operating margin, FY2025: 0.18%Net margin, FY2021: 36.11%Net margin, FY2022: -31.51%Net margin, FY2023: -61.98%Net margin, FY2024: -9.27%Net margin, FY2025: -50.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 92.72%. Gross margin FY2022 91.51%. Gross margin FY2023 77.69%. Gross margin FY2024 81.44%. Gross margin FY2025 3.91%. Operating margin FY2021 48.23%. Operating margin FY2022 8.45%. Operating margin FY2023 7.40%. Operating margin FY2024 -6.06%. Operating margin FY2025 0.18%. Net margin FY2021 36.11%. Net margin FY2022 -31.51%. Net margin FY2023 -61.98%. Net margin FY2024 -9.27%. Net margin FY2025 -50.95%.

Income trends

Revenue

258.43M HKD+16.86%

Operating income

463.68K HKD+13.86M HKD

Net income

−131.66M HKD-542.54%
Income trends across reported periods424.09M HKD212.85M HKD1.62M HKD−209.62M HKDRevenue, FY2021: 371.28M HKDRevenue, FY2022: 278.76M HKDRevenue, FY2023: 252.99M HKDRevenue, FY2024: 221.16M HKDRevenue, FY2025: 258.43M HKDOperating income, FY2021: 179.07M HKDOperating income, FY2022: 23.55M HKDOperating income, FY2023: 18.71M HKDOperating income, FY2024: −13.39M HKDOperating income, FY2025: 463.68K HKDNet income, FY2021: 134.07M HKDNet income, FY2022: −87.84M HKDNet income, FY2023: −156.81M HKDNet income, FY2024: −20.49M HKDNet income, FY2025: −131.66M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 371.28M HKD. Revenue FY2022 278.76M HKD. Revenue FY2023 252.99M HKD. Revenue FY2024 221.16M HKD. Revenue FY2025 258.43M HKD. Operating income FY2021 179.07M HKD. Operating income FY2022 23.55M HKD. Operating income FY2023 18.71M HKD. Operating income FY2024 −13.39M HKD. Operating income FY2025 463.68K HKD. Net income FY2021 134.07M HKD. Net income FY2022 −87.84M HKD. Net income FY2023 −156.81M HKD. Net income FY2024 −20.49M HKD. Net income FY2025 −131.66M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue258.43M HKD221.16M HKD252.99M HKD278.76M HKD371.28M HKD
Cost of goods sold248.32M HKD41.05M HKD56.44M HKD23.67M HKD27.02M HKD
Gross profit10.11M HKD180.1M HKD196.55M HKD255.08M HKD344.26M HKD
Selling, general, and administrative9.65M HKD44.3M HKD44.27M HKD69.25M HKD641K HKD
Operating expenses9.65M HKD193.5M HKD177.84M HKD232.17M HKD207.27M HKD
Interest income1.14M HKD1.4M HKD369K HKD36K HKD
Interest expense4.31M HKD7.67M HKD8.78M HKD8.53M HKD13.32M HKD
Depreciation and amortization17.02M HKD17.47M HKD19.49M HKD20.14M HKD23.45M HKD
Operating income463.68K HKD−13.39M HKD18.71M HKD23.55M HKD179.07M HKD
Net income−131.66M HKD−20.49M HKD−156.81M HKD−87.84M HKD134.07M HKD

Company facts updated Aug 24, 2026.

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