Hong Kong Gold Industry Group Limited logo

Hong Kong Gold Industry Group Limited

2623.HK

HKSEBasic MaterialsIndustrial Materials

Latest quote

HK$3.705

−HK$0.195 · -5.00%

Aug 24, 11:02 AM HKT

2623.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Add New Energy Investment Holdings Group Limited operates as an investment holding company primarily focused on the exploration, extraction, and processing of iron and ilmenite ores within the People's Republic of China. Its core output comprises iron and titanium concentrates, which are supplied mainly to manufacturers of iron pellets and steel. The company's significant mining assets include the Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Luxing Titanium, and Qinjiazhuang Ilmenite Mine. Beyond its mineral resource activities, the group also engages in the trading of various commodities, such as coarse iron powder, spodumene, semi-coke, and blended coal, in addition to its involvement in wind power generation. Incorporated in 2011, the company was formerly known as China Zhongsheng Resources Holdings Limited until it rebranded to Add New Energy Investment Holdings Group Limited in July 2016. Its corporate headquarters are located in Yishui, People's Republic of China.

Industry
Industrial Materials
Sector
Basic Materials
Headquarters
CN
CEO
Guohua Geng
Listed since
Apr 27, 2012
Employees
146

Market position

Day range

Current HK$3.705

52-week range

Current HK$3.705

Open
HK$4.02
Previous close
HK$3.90
Volume
236.49K
0.1× average
Average volume
2.31M
Average daily volume
Market cap
1.94B HKD
Beta
0.52
Market reference 1
50-day average
HK$4.3643
-15.11% below average
200-day average
HK$4.7433
-21.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.2B CNY
P/E (TTM)
-12.69×
P/B (TTM)
2.4×
P/S (TTM)
22.06×
EV / EBITDA
-106.58×
Earnings yield
-6.10%
Free cash flow yield
-25.69%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
5.36%
Operating margin
-107.75%
Net margin
-115.72%
Return on equity
-18.92%
Return on assets
-7.57%
Return on invested capital
-7.96%

Financial health

Debt / equity
0.02×
Current ratio
2.12×
Altman Z-score
1.28
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%-16%-73%-130%Gross margin, FY2021: 1.81%Gross margin, FY2022: 7.78%Gross margin, FY2023: 11.19%Gross margin, FY2024: 4.46%Gross margin, FY2025: 5.36%Operating margin, FY2021: -1.54%Operating margin, FY2022: 4.19%Operating margin, FY2023: 4.99%Operating margin, FY2024: 26.52%Operating margin, FY2025: -107.75%Net margin, FY2021: -1.84%Net margin, FY2022: 3.09%Net margin, FY2023: 4.00%Net margin, FY2024: 21.88%Net margin, FY2025: -115.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 1.81%. Gross margin FY2022 7.78%. Gross margin FY2023 11.19%. Gross margin FY2024 4.46%. Gross margin FY2025 5.36%. Operating margin FY2021 -1.54%. Operating margin FY2022 4.19%. Operating margin FY2023 4.99%. Operating margin FY2024 26.52%. Operating margin FY2025 -107.75%. Net margin FY2021 -1.84%. Net margin FY2022 3.09%. Net margin FY2023 4.00%. Net margin FY2024 21.88%. Net margin FY2025 -115.72%.

Income trends

Revenue

75.58M CNY-73.21%

Operating income

−81.44M CNY−156.26M CNY

Net income

−87.46M CNY−149.18M CNY
Income trends across reported periods2.06B CNY1.28B CNY498.55M CNY−282.8M CNYRevenue, FY2021: 1.63B CNYRevenue, FY2022: 1.87B CNYRevenue, FY2023: 1.26B CNYRevenue, FY2024: 282.09M CNYRevenue, FY2025: 75.58M CNYOperating income, FY2021: −25.1M CNYOperating income, FY2022: 78.14M CNYOperating income, FY2023: 63.08M CNYOperating income, FY2024: 74.82M CNYOperating income, FY2025: −81.44M CNYNet income, FY2021: −30.06M CNYNet income, FY2022: 57.64M CNYNet income, FY2023: 50.53M CNYNet income, FY2024: 61.72M CNYNet income, FY2025: −87.46M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.63B CNY. Revenue FY2022 1.87B CNY. Revenue FY2023 1.26B CNY. Revenue FY2024 282.09M CNY. Revenue FY2025 75.58M CNY. Operating income FY2021 −25.1M CNY. Operating income FY2022 78.14M CNY. Operating income FY2023 63.08M CNY. Operating income FY2024 74.82M CNY. Operating income FY2025 −81.44M CNY. Net income FY2021 −30.06M CNY. Net income FY2022 57.64M CNY. Net income FY2023 50.53M CNY. Net income FY2024 61.72M CNY. Net income FY2025 −87.46M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue75.58M CNY282.09M CNY1.26B CNY1.87B CNY1.63B CNY
Cost of goods sold71.53M CNY269.52M CNY1.12B CNY1.72B CNY1.6B CNY
Gross profit4.05M CNY12.57M CNY141.46M CNY145.1M CNY29.61M CNY
Research and development25.1M CNY
Selling, general, and administrative62.91M CNY61.99M CNY78.3M CNY79.94M CNY57.25M CNY
Operating expenses85.49M CNY−62.25M CNY78.39M CNY66.96M CNY54.72M CNY
Interest income456K CNY918K CNY1.88M CNY3.04M CNY205K CNY
Interest expense4.12M CNY8.84M CNY3.37M CNY12.33M CNY18.36M CNY
Depreciation and amortization19.32M CNY21.78M CNY21.78M CNY23.4M CNY15.14M CNY
Operating income−81.44M CNY74.82M CNY63.08M CNY78.14M CNY−25.1M CNY
Net income−87.46M CNY61.72M CNY50.53M CNY57.64M CNY−30.06M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.24

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.280.1-0.08-0.26Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.074, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.216, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 0.067, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.185, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.134, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.055, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.05, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.238, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.64B1.13B623.07M112.85MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 1.06B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 914.92M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 610.03M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 1.53B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 1.03B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 349.45M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 168.91M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 132.76M HKD, estimate —, surprise —, Comparison unavailable.

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