IRC (1029) AI Stock Analysis

• Market Cap: HK$805.11M
• Dividend Yield: N/A
• Average Volume (3M): 264.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: -12.88%
• EPS Growth: 87.40%
• Country: HK
• Employees: 1,670
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Industrial Materials
• EPS (TTM): -0.06
• Shares Outstanding: 1,277,948,600
• 10 Day Avg. Volume: 109,440
• 30 Day Avg. Volume: 264,021
• PEG Ratio: <0.01
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.27
• Enterprise Value/Market Cap: 0.21
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 17.40
• Enterprise Value/Ebitda: 1.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• 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 Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	221.16M	252.99M	278.76M	371.28M	224.59M
Gross Profit	180.10M	196.55M	255.08M	344.26M	195.77M
EBITDA	5.40M	-118.30M	47.22M	162.25M	73.22M
Net Income	-20.49M	-156.81M	-87.84M	134.07M	100.55M
Balance Sheet
Total Assets	445.83M	451.04M	593.95M	709.15M	681.12M
Cash, Cash Equivalents and Short-Term Investments	60.73M	56.56M	37.03M	52.13M	20.38M
Total Debt	44.93M	67.38M	78.25M	116.29M	209.30M
Total Liabilities	130.45M	162.06M	145.68M	192.77M	298.83M
Stockholders Equity	316.14M	289.62M	448.61M	516.83M	382.71M
Cash Flow
Free Cash Flow	-19.26M	15.57M	17.29M	151.89M	58.16M
Operating Cash Flow	-1.91M	55.26M	31.74M	165.10M	63.97M
Investing Cash Flow	-15.88M	-15.06M	-14.12M	-13.75M	-1.08M
Financing Cash Flow	23.44M	-19.25M	-30.54M	-119.90M	-45.47M

IRC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.63
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3939	76 Outperform	HK$34.52B	44.74	25.55%	1.51%	40.22%	46.48%
Sector *	58 Neutral	HK$16.77B	4.60	-5.52%	5.25%	-3.57%	-61.41%
1029	46 Neutral	HK$805.11M	―	-6.77%	―	-12.88%	87.40%
1370	45 Neutral	HK$405.56M	―	-35.00%	―	-5.27%	47.34%
1091	45 Neutral	€1.13B	―	-26.13%	―	-22.90%	-1231.02%
0433	40 Neutral	HK$425.40M	―	-9999.00%	―	-27.61%	84.83%
0159	36 Underperform	€890.90M	―	-4.73%	―	―	39.02%

IRC Corporate Events

IRC Limited Updates Nomination Committee Terms to Enhance Governance

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

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

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

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.