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Irc Limited (HK:1029)
:1029

IRC (1029) AI Stock Analysis

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HK

IRC

(OTC:1029)

Rating:46Neutral
Price Target:
HK$0.00
▼(-100.00%Downside)
The stock score is primarily impacted by poor financial performance and weak technical indicators. The valuation is also a concern due to a negative P/E ratio and lack of dividends. The absence of positive guidance or sentiment from earnings calls further affects the score.

IRC (1029) vs. iShares MSCI Hong Kong ETF (EWH)

IRC Business Overview & Revenue Model

Company Descriptionnull
How the Company Makes Moneynull

IRC Financial Statement Overview

Summary
The company's financial performance is concerning, with declining revenues, negative net income, and negative cash flows, despite a strong equity position and low leverage.
Income Statement
52
Neutral
The company shows a declining revenue trend over the past few years, with revenue decreasing from $371 million in 2021 to $221 million in 2024. The gross profit margin has deteriorated significantly, and the company reported a negative net income in 2024. While the historical EBIT and EBITDA margins were relatively healthy, recent performance indicates financial struggles.
Balance Sheet
60
Neutral
The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.14 in 2024, suggesting low leverage. However, total assets have decreased, indicating potential asset liquidation or depreciation. The equity ratio remains favorable, indicating stability in equity levels despite declining assets.
Cash Flow
48
Neutral
The cash flow position of the company is concerning with negative free cash flow in 2024, contrasting with positive free cash flow in previous years. The operating cash flow has also turned negative, raising concerns over cash generation capabilities. The free cash flow to net income ratio is unfavorable, highlighting cash management challenges.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue221.16M252.99M278.76M371.28M224.59M
Gross Profit180.10M196.55M255.08M344.26M195.77M
EBITDA5.40M-118.30M47.22M162.25M73.22M
Net Income-20.49M-156.81M-87.84M134.07M100.55M
Balance Sheet
Total Assets445.83M451.04M593.95M709.15M681.12M
Cash, Cash Equivalents and Short-Term Investments60.73M56.56M37.03M52.13M20.38M
Total Debt44.93M67.38M78.25M116.29M209.30M
Total Liabilities130.45M162.06M145.68M192.77M298.83M
Stockholders Equity316.14M289.62M448.61M516.83M382.71M
Cash Flow
Free Cash Flow-19.26M15.57M17.29M151.89M58.16M
Operating Cash Flow-1.91M55.26M31.74M165.10M63.97M
Investing Cash Flow-15.88M-15.06M-14.12M-13.75M-1.08M
Financing Cash Flow23.44M-19.25M-30.54M-119.90M-45.47M

IRC Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.63
Price Trends
50DMA
0.70
Negative
100DMA
0.78
Negative
200DMA
0.85
Negative
Market Momentum
MACD
-0.02
Positive
RSI
42.25
Neutral
STOCH
23.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1029, the sentiment is Negative. The current price of 0.63 is below the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.70, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.25 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1029.

IRC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$34.52B44.7425.55%1.51%40.22%46.48%
58
Neutral
HK$16.77B4.60-5.52%5.25%-3.57%-61.41%
46
Neutral
HK$805.11M-6.77%-12.88%87.40%
45
Neutral
HK$405.56M-35.00%-5.27%47.34%
45
Neutral
€1.13B-26.13%-22.90%-1231.02%
40
Neutral
HK$425.40M-9999.00%-27.61%84.83%
36
Underperform
€890.90M-4.73%39.02%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1029
IRC
0.63
-0.57
-47.37%
HK:0433
North Mining Shares Co., Ltd.
0.03
0.00
0.00%
HK:3939
Wanguo International Mining Group Ltd.
29.50
22.06
296.51%
HK:1370
Aowei Holding Limited
0.25
-0.24
-48.98%
HK:1091
South Manganese Investment Limited
0.28
<0.01
1.82%
HK:0159
Brockman Mining Ltd.
0.10
>-0.01
-5.88%

IRC Corporate Events

IRC Limited Updates Nomination Committee Terms to Enhance Governance
Jun 30, 2025

IRC Limited, a company incorporated in Hong Kong, has updated the terms of reference for its Nomination Committee to align with best practices in corporate governance. The updated terms emphasize the Committee’s role in compliance with the Corporate Governance Code and outline the composition, responsibilities, and procedures for the Committee, including the requirement for a majority of independent non-executive directors and gender diversity among its members.

IRC Limited Announces AGM Results and Share Consolidation
Jun 25, 2025

IRC Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on June 25, 2025. The Share Consolidation will become effective on June 27, 2025, resulting in a change in the board lot size for trading shares on the Stock Exchange from 2,000 existing shares to 4,000 consolidated shares. This consolidation and change in board lot size are expected to streamline trading operations and potentially impact shareholder value.

IRC Limited Announces 2025 Annual General Meeting and Key Resolutions
May 29, 2025

IRC Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 25, 2025, in Hong Kong. The meeting will address several key resolutions, including the approval of financial statements, reappointment of auditors, re-election of directors, and authorization for the board to fix directors’ remuneration. Additionally, shareholders will consider a resolution to allow the company to repurchase up to 10% of its shares, subject to certain conditions. This announcement highlights IRC Limited’s focus on maintaining robust governance and shareholder engagement while potentially enhancing shareholder value through share repurchases.

IRC Proposes Share Consolidation and Change in Board Lot Size
May 15, 2025

IRC, a company incorporated in Hong Kong, has announced a proposed share consolidation where every ten existing shares will be consolidated into one consolidated share. This move aims to streamline the company’s share structure and is contingent upon shareholder approval at the upcoming AGM. Additionally, the board lot size for trading on the Stock Exchange will change from 2,000 existing shares to 4,000 consolidated shares, potentially impacting trading dynamics and shareholder value.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 25, 2025