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Add New Energy Investment Holdings Group Ltd. ( (HK:2623) ) has provided an announcement.
Add New Energy Investment Holdings Group Limited has warned that it expects to swing to a loss of about RMB87 million for the year ended 31 December 2025, compared with a profit of roughly RMB62 million a year earlier, based on preliminary unaudited figures. The board attributed the reversal mainly to an impairment of about RMB51 million on non-financial assets in its Zhuge Shangyu Ilmenite Mine cash-generating unit and the absence of approximately RMB123.3 million in one-off gains from the 2024 disposal of mining rights and related assets, prompting a caution to shareholders and potential investors as final results are still being finalized and may be adjusted.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
More about Add New Energy Investment Holdings Group Ltd.
Add New Energy Investment Holdings Group Limited is a Hong Kong-listed resources company engaged in mining and ore processing activities, including the operation of assets such as the Zhuge Shangyu Ilmenite Mine. The group focuses on mineral resource development and related processing, serving demand for industrial raw materials in Mainland China and broader regional markets.
Average Trading Volume: 1,508,098
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.88B
Learn more about 2623 stock on TipRanks’ Stock Analysis page.