Want to see HK:0438 full AI Analyst Report?
0438 Stock Chart & Stats
HK$1.99
HK$0.04(1.45%)
At close: 4:00 PM EST
HK$1.99
HK$0.04(1.45%)
Day’s Range― - ―
52-Week RangeHK$1.13 - HK$3.15
Previous CloseN/A
Volume36.40K
Average Volume (3M)31.53K
Market Cap
HK$223.93M
Enterprise ValueHK$6.57B
Total Cash (Recent Filing)HK$372.77M
Total Debt (Recent Filing)HK$6.69B
Price to Earnings (P/E)―
Beta0.60
Next Earnings
Aug 26, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.18
Shares Outstanding96,248,670
10 Day Avg. Volume29,170
30 Day Avg. Volume31,527
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.36
Price to Sales (P/S)0.10
P/FCF Ratio-1.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Revenue RecoveryA sharp revenue rebound in 2025 signals restored end-market demand or contract wins, improving capacity utilization. Sustained higher volumes can drive longer-term fixed-cost absorption and provide a platform for margin recovery if cost and pricing dynamics normalize over the next 2–6 months.
PV Glass SpecialistFocused product specialization in PV glass and deep-processing services positions the company within an essential segment of the solar module supply chain. This niche expertise creates durable customer relationships and higher switching costs versus generic suppliers, supporting recurring order flow over time.
Operational ScaleA workforce of ~2,548 implies meaningful manufacturing scale and operational capacity to service large module makers. Scale supports negotiating power on input purchases, the ability to fulfill sizable contracts, and faster ramping of output if demand remains elevated, benefiting medium-term competitiveness.
Bears Say
Negative MarginsSustained negative gross margins indicate structural pricing pressure or rising input/energy costs that erode the core economics of PV glass manufacturing. Without margin stabilization, revenue growth alone may not translate to profitability, threatening long-term viability and reinvestment capacity.
Rising LeverageRapidly increasing leverage to ~7.9x materially reduces financial flexibility and raises refinancing and interest-rate risk. High debt levels constrain capital allocation, increase default risk during demand downturns, and limit the company's ability to fund capex or pursue strategic investments over the medium term.
Weak Cash GenerationRecurring negative operating and free cash flow forces reliance on external financing and undermines self-sustaining growth. Persistent cash burn hampers working capital and capex funding, exacerbates leverage concerns, and increases the likelihood of dilutive financing or asset sales to cover obligations.
IRICO Group New Energy Co. Ltd. Class H News
0438 FAQ
What was IRICO Group New Energy Co. Ltd. Class H’s price range in the past 12 months?
IRICO Group New Energy Co. Ltd. Class H lowest stock price was HK$1.13 and its highest was HK$3.15 in the past 12 months.
What is IRICO Group New Energy Co. Ltd. Class H’s market cap?
IRICO Group New Energy Co. Ltd. Class H’s market cap is HK$223.93M.
When is IRICO Group New Energy Co. Ltd. Class H’s upcoming earnings report date?
IRICO Group New Energy Co. Ltd. Class H’s upcoming earnings report date is Aug 26, 2026 which is in 56 days.
How were IRICO Group New Energy Co. Ltd. Class H’s earnings last quarter?
IRICO Group New Energy Co. Ltd. Class H released its earnings results on Mar 25, 2026. The company reported -HK$1.643 earnings per share for the quarter, missing the consensus estimate of N/A by -HK$1.643.
Is IRICO Group New Energy Co. Ltd. Class H overvalued?
According to Wall Street analysts IRICO Group New Energy Co. Ltd. Class H’s price is currently Overvalued.
Does IRICO Group New Energy Co. Ltd. Class H pay dividends?
IRICO Group New Energy Co. Ltd. Class H does not currently pay dividends.
What is IRICO Group New Energy Co. Ltd. Class H’s EPS estimate?
IRICO Group New Energy Co. Ltd. Class H’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does IRICO Group New Energy Co. Ltd. Class H have?
IRICO Group New Energy Co. Ltd. Class H has 96,248,670 shares outstanding.
What happened to IRICO Group New Energy Co. Ltd. Class H’s price movement after its last earnings report?
IRICO Group New Energy Co. Ltd. Class H reported an EPS of -HK$1.643 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of IRICO Group New Energy Co. Ltd. Class H?
Currently, no hedge funds are holding shares in HK:0438
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IRICO Group New Energy Co. Ltd. Class H Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.41%
12-Months-Change
Fundamentals
Return on Equity
-57.16%
Trailing 12-Months
Asset Growth
-1.33%
Trailing 12-Months
Company Description
IRICO Group New Energy Co. Ltd. Class H
IRICO Group New Energy Company Limited, operating with its various subsidiaries, is primarily involved in the research, development, manufacturing, and global distribution of advanced photovoltaic glass for the new energy sector, serving both the People's Republic of China and international markets. The company further provides solar cells and their associated components, and actively participates in photovoltaic power generation. Established in 2004, the organization was previously known as IRICO Group Electronics Company Limited before rebranding to its current name in January 2016. Its corporate headquarters are located in Xianyang, People's Republic of China.
Technical Analysis
Coolpad Group
―
GCL Technology Holdings Limited
―
Xinyi Solar Holdings
―
Comtec Solar Systems Group Ltd.
―
Xinte Energy Co., Ltd. Class H
―