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Add New Energy Investment Holdings Group Ltd.
(2623)
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
Add New Energy Investment Holdings Group Ltd. Business Overview & Revenue Model
Add New Energy Investment Holdings Group Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.74M | 282.09M | 1.26B | 1.87B | 1.63B | 965.98M |
| Gross Profit | 4.66M | 12.57M | 141.46M | 145.10M | 29.61M | 78.23M |
| EBITDA | -3.39M | -26.75M | 84.86M | 101.16M | -9.96M | 47.60M |
| Net Income | 74.51M | 61.72M | 50.52M | 57.63M | -30.06M | 60.70M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 1.02B | 869.30M | 746.04M | 705.97M | 662.51M |
| Cash, Cash Equivalents and Short-Term Investments | 69.91M | 80.00M | 146.13M | 124.67M | 191.29M | 124.40M |
| Total Debt | 374.62M | 268.00M | 31.87M | 70.78M | 181.46M | 191.42M |
| Total Liabilities | 490.96M | 470.14M | 377.42M | 392.06M | 418.76M | 334.89M |
| Stockholders Equity | 544.04M | 545.84M | 491.88M | 353.98M | 287.21M | 327.62M |
Cash Flow | ||||||
| Free Cash Flow | -141.25M | -243.07M | -52.79M | 60.52M | 77.15M | -14.26M |
| Operating Cash Flow | -47.01M | -72.02M | 53.34M | 212.30M | 83.47M | 21.13M |
| Investing Cash Flow | -61.64M | -141.41M | -112.44M | -178.18M | 4.91M | -11.90M |
| Financing Cash Flow | 114.63M | 147.27M | 80.67M | -103.48M | -20.89M | 27.52M |
Add New Energy Investment Holdings Group Ltd. Technical Analysis
Add New Energy Investment Holdings Group Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.58B | 19.02 | 14.56% | ― | -70.82% | 5182.22% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$490.60M | -1.44 | -41.19% | ― | -6.51% | 41.00% | |
44 Neutral | HK$2.25B | -3.90 | -14.35% | ― | -31.35% | -71.37% | |
44 Neutral | HK$544.00M | -61.82 | -1.88% | ― | -23.72% | -196.49% | |
38 Underperform | HK$249.45M | -1.23 | -23.14% | ― | -27.07% | 47.86% |
Add New Energy Investment Holdings Group Ltd. Corporate Events
Add New Energy Investment Holdings Group Limited has announced a non-underwritten rights issue to raise gross proceeds of approximately HK$504.4 million by offering up to 175,143,264 new shares at HK$2.88 each on the basis of one rights share for every two existing shares held by qualifying shareholders on the record date. Assuming full subscription and no change in share capital before the record date, the company expects net proceeds of about HK$503.4 million, which it plans to use to pursue suitable acquisition and investment opportunities and to supplement working capital; the rights shares will rank equally with existing shares, and major shareholder Prominence Investment and executive director Mr. Ng have given irrevocable undertakings to fully subscribe to their respective entitlements, supporting the success and stability of the fundraising.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Prominence Investment Holding Company Limited has closed its unconditional mandatory general cash offer for all issued shares of Add New Energy Investment Holdings Group Ltd. not already owned by it or its concert parties, with the offer period ending at 4:00 p.m. on 8 January 2026 and no extension or revision to the terms. The offer attracted valid acceptances for 237,768 shares, representing about 0.07% of Add New Energy’s issued share capital, resulting in a total cash consideration of approximately HK$97,580 and lifting Prominence’s stake slightly from 55.66% to 55.73%, a marginal increase that consolidates control but leaves the overall shareholding structure and market float largely unchanged for existing investors.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Limited, a Cayman Islands-incorporated company listed in Hong Kong, has disclosed the current composition of its board of directors, comprising executive, non-executive and independent non-executive members. The company also outlined the structure and membership of its four key board committees—Audit, Nomination, Remuneration and Strategy—detailing which directors serve on each and who chairs them, signalling its current corporate governance framework and role allocation at the board level for stakeholders monitoring oversight and decision-making processes.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Limited has established a strategy committee under its board of directors to strengthen oversight of the group’s long-term development and strategic planning. The committee will comprise at least five board members, led by a chairman appointed by the board, with the company secretary serving as its secretary.
The newly formed strategy committee is tasked with reviewing, formulating and recommending the group’s long-term development plans, business goals and core strategies across products, markets, sales, R&D and talent recruitment, as well as major investments, capital operations and asset management projects. It will also review and advise on significant transactions and financing activities that require board approval under the company’s articles and Hong Kong listing rules, signaling a more structured and formalized approach to strategic decision-making and corporate governance.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Limited has announced a change in its senior corporate governance roles, with long-serving company secretary and authorised representative Ms. Chan Yuen Ying, Stella stepping down effective 1 January 2026, with the board noting there is no disagreement and no matters requiring shareholder attention in relation to her resignation. The company has appointed Mr. Tam Chi Ming George as the new company secretary and authorised representative from the same date; Tam brings more than two decades of experience in financial management, operations and compliance, including senior roles as chief investment officer at Hengli Investments Holding, CFO at Shangshan Capital Group and prior CFO and company secretary positions at other Hong Kong–listed companies, a background that is expected to support the company’s compliance, corporate governance and capital-market interface as it moves forward.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Limited, incorporated in the Cayman Islands and listed in Hong Kong (Stock Code: 02623), has a diversified board comprising executive, non-executive and independent non-executive directors overseeing the company’s strategic and governance functions. The company operates with three key board committees—Audit, Nomination and Remuneration—whose memberships and chairmanships have been detailed, reflecting a structured corporate governance framework and a clear allocation of oversight responsibilities among directors, which may enhance transparency, accountability and regulatory compliance for shareholders and other stakeholders.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Limited has relocated its head office and principal place of business in Hong Kong to Room 1601-1603, YF Life Centre, 38 Gloucester Road, Wanchai, effective 18 December 2025, while keeping its telephone and fax numbers unchanged. The move signals an administrative shift in the company’s Hong Kong operations but does not, on the information provided, indicate any change to its business strategy, operating activities or governance structure, which remains overseen by a broad board of executive, non-executive and independent non-executive directors.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Ltd. has confirmed the despatch of a composite offer document dated 18 December 2025 to shareholders, detailing an unconditional mandatory general cash offer by Prominence Investment Holding Company Limited to acquire all issued shares not already owned or agreed to be acquired by the offeror and its concert parties. The offer, which opened on 18 December 2025 and is scheduled to close at 4:00 p.m. on 8 January 2026, is accompanied by recommendations from an independent board committee and advice from an independent financial adviser, and sets out the timetable for acceptance and settlement of consideration, signalling a potential change in the company’s shareholder base and board leadership, including the appointment of new directors, a new chairman and adjustments to the nomination committee, which may reshape governance and strategic direction.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Ltd. has announced a delay in the dispatch of a composite document related to an unconditional mandatory general cash offer by Somerley Capital Limited on behalf of Prominence Investment Holding Company Limited. The delay is due to the need for additional time to prepare and finalize the document’s content, including financial information and advice letters. The new dispatch date is set on or before December 18, 2025. This delay may impact stakeholders as they are advised to exercise caution and seek professional advice when dealing with the company’s securities.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
Add New Energy Investment Holdings Group Ltd. has announced a significant transaction involving the acquisition of its shares by Prominence Investment Holding Company Limited. This acquisition, which involves the purchase of approximately 55.66% of the company’s issued share capital, has triggered an unconditional mandatory general cash offer for the remaining shares, priced slightly higher than the initial purchase price. The move marks a strategic shift in ownership and could impact the company’s market positioning and stakeholder interests.
The most recent analyst rating on (HK:2623) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.