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Triumph New Energy Company Limited Class H logo

Triumph New Energy Company Limited Class H

1108.HK

HKSEBasic MaterialsConstruction Materials

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Latest quote

HK$2.325

−HK$0.04 · -1.69%

Aug 24, 4:08 PM HKT

1108.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Luoyang Glass Company Limited, along with its affiliated entities, is engaged in the manufacturing and worldwide distribution of float glass. Its operations are structured into two distinct segments: Information Display Glass and New Energy Glass. The Information Display Glass division is responsible for supplying ultra-thin electronic glass substrates. Meanwhile, the New Energy Glass segment focuses on producing core photovoltaic glass and its value-added processed derivatives, including ultra-white, high-transparency cover plates and back plates specifically for solar photovoltaic modules. The company was founded in 1994 and maintains its corporate headquarters in Luoyang, People's Republic of China.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
CN
CEO
Peng Chen
Listed since
Jul 8, 1994
Employees
2,336

Market position

Day range

Current HK$2.325

52-week range

Current HK$2.325

Open
HK$2.32
Previous close
HK$2.365
Volume
404K
0.08× average
Average volume
4.9M
Average daily volume
Market cap
3.3B HKD
Beta
0.47
Market reference 1
50-day average
HK$2.4395
-4.69% below average
200-day average
HK$3.4373
-32.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.63B CNY
P/E (TTM)
-3.92×
P/B (TTM)
1.63×
P/S (TTM)
1.11×
EV / EBITDA
-17.22×
Earnings yield
-42.61%
Free cash flow yield
-54.38%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-16.74%
Operating margin
-38.86%
Net margin
-37.77%
Return on equity
-29.47%
Return on assets
-6.72%
Return on invested capital
-10.29%

Financial health

Debt / equity
2.02×
Current ratio
0.46×
Altman Z-score
-0.48
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%8%-14%-35%Gross margin, FY2021: 24.08%Gross margin, FY2022: 11.85%Gross margin, FY2023: 11.58%Gross margin, FY2024: -4.35%Gross margin, FY2025: -12.29%Operating margin, FY2021: 14.12%Operating margin, FY2022: 9.29%Operating margin, FY2023: 7.59%Operating margin, FY2024: -16.99%Operating margin, FY2025: -29.93%Net margin, FY2021: 7.09%Net margin, FY2022: 8.13%Net margin, FY2023: 5.98%Net margin, FY2024: -13.28%Net margin, FY2025: -28.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.08%. Gross margin FY2022 11.85%. Gross margin FY2023 11.58%. Gross margin FY2024 -4.35%. Gross margin FY2025 -12.29%. Operating margin FY2021 14.12%. Operating margin FY2022 9.29%. Operating margin FY2023 7.59%. Operating margin FY2024 -16.99%. Operating margin FY2025 -29.93%. Net margin FY2021 7.09%. Net margin FY2022 8.13%. Net margin FY2023 5.98%. Net margin FY2024 -13.28%. Net margin FY2025 -28.19%.

Income trends

Revenue

3.24B CNY-29.40%

Operating income

−970.88M CNY-24.36%

Net income

−914.34M CNY-49.91%
Income trends across reported periods7.35B CNY4.33B CNY1.3B CNY−1.73B CNYRevenue, FY2021: 3.61B CNYRevenue, FY2022: 5.03B CNYRevenue, FY2023: 6.6B CNYRevenue, FY2024: 4.59B CNYRevenue, FY2025: 3.24B CNYOperating income, FY2021: 509.24M CNYOperating income, FY2022: 467.07M CNYOperating income, FY2023: 500.87M CNYOperating income, FY2024: −780.69M CNYOperating income, FY2025: −970.88M CNYNet income, FY2021: 255.76M CNYNet income, FY2022: 409.04M CNYNet income, FY2023: 394.72M CNYNet income, FY2024: −609.93M CNYNet income, FY2025: −914.34M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.61B CNY. Revenue FY2022 5.03B CNY. Revenue FY2023 6.6B CNY. Revenue FY2024 4.59B CNY. Revenue FY2025 3.24B CNY. Operating income FY2021 509.24M CNY. Operating income FY2022 467.07M CNY. Operating income FY2023 500.87M CNY. Operating income FY2024 −780.69M CNY. Operating income FY2025 −970.88M CNY. Net income FY2021 255.76M CNY. Net income FY2022 409.04M CNY. Net income FY2023 394.72M CNY. Net income FY2024 −609.93M CNY. Net income FY2025 −914.34M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.24B CNY4.59B CNY6.6B CNY5.03B CNY3.61B CNY
Cost of goods sold3.64B CNY4.79B CNY5.83B CNY4.43B CNY2.74B CNY
Gross profit−398.62M CNY−199.98M CNY764M CNY596.12M CNY868.3M CNY
Research and development133.94M CNY174.18M CNY251.52M CNY173.79M CNY154.33M CNY
Selling, general, and administrative33.63M CNY104.91M CNY41.01M CNY49.48M CNY77.58M CNY
Operating expenses572.27M CNY580.71M CNY263.13M CNY198.32M CNY354.4M CNY
Interest income2M CNY3M CNY5.45M CNY11.19M CNY8.79M CNY
Interest expense119.03M CNY112.28M CNY83.66M CNY87.18M CNY128.77M CNY
Depreciation and amortization407.19M CNY364.59M CNY349.06M CNY271.45M CNY273.83M CNY
Operating income−970.88M CNY−780.69M CNY500.87M CNY467.07M CNY509.24M CNY
Net income−914.34M CNY−609.93M CNY394.72M CNY409.04M CNY255.76M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.63

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.07-0.27-0.47-0.67Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Aug 30, 2024: actual -0.081, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual -0.33, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.597, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual -0.203, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -0.538, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual -0.251, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -0.545, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 29, 2026: actual -0.63, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.17B974.53M780.04M585.56MQ4 '24No estimateQ1 '25BeatQ2 '25No estimateQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 31, 2024: actual 792.21M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 957.1M HKD, estimate 655.1M HKD, surprise +46.10%, Beat. Q2 2025, reported Apr 29, 2025: actual 951.61M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 855.18M HKD, estimate 1.12B HKD, surprise -23.92%, Miss. Q4 2025, reported Oct 30, 2025: actual 1.1B HKD, estimate 722.95M HKD, surprise +51.64%, Beat. Q1 2026, reported Mar 30, 2026: actual 649.09M HKD, estimate 630.52M HKD, surprise +2.95%, Beat. Q2 2026, reported Apr 29, 2026: actual 771.47M HKD, estimate 766.19M HKD, surprise +0.69%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 782.52M HKD, surprise —, Comparison unavailable.

1108.HK peers

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Zijin Gold International Company Limited logo

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HK$159.4

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CMOC Group Limited logo

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+1.76%

China Hongqiao Group Limited logo

1378.HK

China Hongqiao Group Limited

HK$23.90

+3.11%

Shandong Gold Mining Co., Ltd. logo

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Shandong Gold Mining Co., Ltd.

HK$26.78

-2.55%

Aluminum Corporation of China Limited logo

2600.HK

Aluminum Corporation of China Limited

HK$8.575

+2.08%

ETFs holding 1108.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
52.49K
Weight
0.00%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.505-1.06%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
40.42K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$37.94-0.58%
State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
31.87K
Weight
0.00%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$71.67-0.67%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
28.96K
Weight
0.00%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.015-1.20%
State Street SPDR S&P Emerging Asia Pacific ETF logoState Street SPDR S&P Emerging Asia Pacific ETFGMF
Market value
12.59K
Weight
0.00%
AUM
428.59M USD
Expense ratio
0.49%
Price / 1D
$154.16-0.93%

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