Add New Energy Investment Holdings Group Ltd. (2623) AI Stock Analysis

• Market Cap: HK$173.39M
• Dividend Yield: N/A
• Average Volume (3M): 36.05K
• Price to Earnings (P/E): 2.5
• Beta (1Y): -0.68
• Revenue Growth: -78.36%
• EPS Growth: 1.28%
• Country: HK
• Employees: 119
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): 0.25
• Shares Outstanding: 350,286,530
• 10 Day Avg. Volume: 35,479
• 30 Day Avg. Volume: 36,046
• PEG Ratio: <0.01
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: HK$0.50 ▲(0.00%Upside)

The stock's score is primarily driven by its undervalued P/E ratio and improving profit margins. However, risks from declining revenue and inconsistent cash flows, coupled with neutral technical indicators, temper the overall outlook. The lack of dividend yield and absence of recent earnings call highlights further limit the score.

Add New Energy Investment Holdings Group Ltd. Business Overview & Revenue Model

Company Description

Add New Energy Investment Holdings Group Ltd. (2623) is a company primarily engaged in the investment and management of clean energy projects. The company focuses on renewable energy sectors, including wind and solar power, and offers services such as project development, financing, and operation of energy assets. Its core products and services are aligned with the growing demand for sustainable energy solutions, contributing to environmental preservation and energy efficiency.

How the Company Makes Money

The company makes money through various revenue streams primarily centered around its investments in renewable energy projects. Key revenue sources include the sale of electricity generated from its wind and solar power installations, which is often sold to national grids or directly to large energy consumers under long-term power purchase agreements (PPAs). Additionally, Add New Energy Investment Holdings Group Ltd. may generate income from project development fees, management services for energy assets, and potential government subsidies or incentives aimed at promoting clean energy initiatives. Strategic partnerships with technology providers and financial institutions may also enhance its project financing capabilities and contribute to its financial performance.

Add New Energy Investment Holdings Group Ltd. Financial Statement Overview

Summary

The company shows improving profitability with better cost management, reflected in improved gross and net profit margins. However, revenue has decreased significantly, and the EBITDA margin remains negative, indicating operational inefficiencies. The balance sheet is strong due to low leverage, but cash flow challenges persist, raising concerns about liquidity.

Income Statement

The company has shown a significant decrease in revenue over recent years, with a substantial drop in 2024 compared to previous years. However, the gross profit margin has improved in 2024, indicating better cost management. The net profit margin has also improved, reflecting a positive trend in profitability. EBITDA margin remains negative, indicating potential operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position with an increase in stockholders' equity over time. The debt-to-equity ratio is relatively low, suggesting low financial leverage. However, the equity ratio indicates a moderate reliance on liabilities, which could pose risks if not managed properly.

Cash Flow

The cash flow statement reflects challenges in maintaining positive free cash flow, with significant fluctuations across the years. The operating cash flow to net income ratio is unavailable for 2024, complicating performance evaluation. Historical data indicates inconsistent free cash flow generation, raising concerns about long-term liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	282.09M	1.26B	1.87B	1.63B	965.98M
Gross Profit	12.57M	141.46M	145.10M	29.61M	78.23M
EBITDA	-26.75M	84.86M	101.16M	-9.96M	47.60M
Net Income	61.72M	50.52M	57.63M	-30.06M	60.70M
Balance Sheet
Total Assets	1.02B	869.30M	746.04M	705.97M	662.51M
Cash, Cash Equivalents and Short-Term Investments	80.00M	146.13M	124.67M	191.29M	124.40M
Total Debt	268.00M	31.87M	70.78M	181.46M	191.42M
Total Liabilities	470.14M	377.42M	392.06M	418.76M	334.89M
Stockholders Equity	545.84M	491.88M	353.98M	287.21M	327.62M
Cash Flow
Free Cash Flow	-243.07M	-52.79M	60.52M	77.15M	-14.26M
Operating Cash Flow	-72.02M	53.34M	212.30M	83.47M	21.13M
Investing Cash Flow	-141.41M	-112.44M	-178.18M	4.91M	-11.90M
Financing Cash Flow	147.27M	80.67M	-103.48M	-20.89M	27.52M

Add New Energy Investment Holdings Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.50
• 50DMA: Positive
• 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:2623, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.48, and below the 200-day MA of 0.59, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.10 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2623.

Add New Energy Investment Holdings Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2623	65 Neutral	HK$173.39M	2.50	11.93%	―	-78.36%	1.28%
Sector *	59 Neutral	HK$16.45B	4.63	-5.52%	4.85%	-3.57%	-61.41%
2237	54 Neutral	HK$560.00M	60.53	-2.83%	―	-30.01%	-159.44%
1091	50 Neutral	€1.19B	―	-26.13%	―	-22.90%	-1231.02%
1370	42 Neutral	HK$474.25M	―	-35.00%	―	-5.27%	47.34%

Add New Energy Investment Holdings Group Ltd. Corporate Events

Add New Energy Investment Holdings Announces Successful AGM Resolutions

Add New Energy Investment Holdings Group Limited announced that all resolutions proposed at their Annual General Meeting on June 27, 2025, were successfully passed. This includes the re-election of directors, the re-appointment of auditors, and the approval of mandates for issuing and repurchasing shares, as well as amendments to the company’s Memorandum and Articles of Association. The unanimous approval of these resolutions indicates strong shareholder support and positions the company for continued strategic growth and operational stability.

Add New Energy Investment Holdings Announces 2025 AGM and Key Resolutions

Add New Energy Investment Holdings Group Ltd. has announced its upcoming annual general meeting scheduled for June 27, 2025, in Hong Kong. The meeting will address several key resolutions, including the consideration of the company’s audited financial statements for 2024, the re-appointment of Crowe (HK) CPA Limited as auditors, and the re-election of directors. Additionally, the company seeks approval for the directors to allot and issue additional shares, with certain limitations, to enhance its capital structure. This move could potentially impact the company’s market positioning and shareholder value.

Add New Energy Proposes Governance Modernization

Add New Energy Investment Holdings Group Ltd. has announced proposed amendments to its memorandum and articles of association to modernize governance, improve shareholder rights, and ensure compliance with laws and best practices. These changes include facilitating electronic communication, managing treasury shares, and enhancing general meeting provisions, subject to shareholder approval at the upcoming annual general meeting.