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IRICO Group New Energy Co. Ltd. Class H ( (HK:0438) ) has issued an update.
IRICO Group New Energy Company Limited has issued a profit warning, flagging that its operating revenue for 2025 is expected to fall about 11%–12% year-on-year to roughly RMB2.89–2.92 billion, while its net loss attributable to shareholders is projected to widen by about 44%–57% to RMB542–592 million. The deterioration is mainly attributed to a sharp decline in photovoltaic glass prices driven by oversupply, which offset higher sales volumes, compressed gross margins and forced the company to book inventory impairment provisions, underscoring the severe pricing pressure and competitive intensity currently weighing on China’s photovoltaic glass industry and investor sentiment toward the group.
The most recent analyst rating on (HK:0438) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on IRICO Group New Energy Co. Ltd. Class H stock, see the HK:0438 Stock Forecast page.
More about IRICO Group New Energy Co. Ltd. Class H
IRICO Group New Energy Company Limited is a Chinese new-energy materials manufacturer, with a core focus on photovoltaic glass products used in the solar power industry. Operating through its subsidiaries, the group targets the fast-expanding photovoltaic sector but faces cyclical challenges linked to capacity expansion, pricing pressure and intense competition across the solar supply chain.
Average Trading Volume: 49,844
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$375.6M
Find detailed analytics on 0438 stock on TipRanks’ Stock Analysis page.