Add New Energy Investment Holdings Group Ltd. (HK:2623)
:2623
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Add New Energy Investment Holdings Group Ltd.
(2623)
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Rating:66Neutral
Price Target:
HK$4.50
▼(-8.16% Downside)
Action:ReiteratedDate:11/13/25
The overall stock score of 66 reflects a mixed financial performance with improved profitability but significant revenue decline and cash flow issues. Strong technical indicators suggest bullish momentum, though high RSI indicates potential overbought conditions. The valuation is reasonable, but the lack of dividend yield may deter income investors.
Positive Factors
Improved Return on Equity
ROE rising to 11.31% from 10.27% signals improving ability to convert shareholder equity into profit. Over the medium term this suggests management is extracting greater returns from capital, supporting sustainable shareholder value if operational scale and cash conversion stabilize.
Negative Factors
Sharp Revenue Decline
A near 78% revenue drop is a material structural concern: it undermines scale economics, makes margins and project economics harder to sustain, and raises questions about recurring revenue streams and contract renewals unless new projects replace lost volume.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Return on Equity
ROE rising to 11.31% from 10.27% signals improving ability to convert shareholder equity into profit. Over the medium term this suggests management is extracting greater returns from capital, supporting sustainable shareholder value if operational scale and cash conversion stabilize.
Read all positive factors
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.73B
Dividend YieldN/A
Average Volume (3M)61.61K
Price to Earnings (P/E)―
Beta (1Y)-0.40
Revenue Growth-70.82%
EPS Growth5182.22%
CountryHK
Employees119
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.22
Shares Outstanding525,429,800
10 Day Avg. Volume117,400
30 Day Avg. Volume61,611
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.39
Price to Sales (P/S)0.75
P/FCF Ratio-0.86
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
Add New Energy Investment Holdings Group Ltd. Business Overview & Revenue Model
Company Description
Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ores in the People's Republic of China. It primarily produces and sells iron and titanium conc...
How the Company Makes Money
The company generates revenue primarily through its investments in renewable energy projects. This includes income from the sale of electricity generated by its solar and wind farms, as well as potential returns from selling these projects to othe...
Add New Energy Investment Holdings Group Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
40
Negative
| 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
Positive
4.90
Price Trends
4.32
Positive
4.13
Positive
2.33
Positive
Market Momentum
0.36
Positive
54.96
Neutral
33.33
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 4.9 is below the 20-day moving average (MA) of 4.98, above the 50-day MA of 4.32, and above the 200-day MA of 2.33, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 54.96 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$2.73B | -5.21 | 13.67% | ― | -70.82% | 5182.22% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$496.00M | 109.78 | 1.07% | ― | -23.72% | -196.49% | |
45 Neutral | HK$345.05M | -2.10 | -43.81% | ― | -6.51% | 41.00% | |
44 Neutral | HK$2.91B | 13.96 | -14.35% | ― | -31.35% | -71.37% | |
38 Underperform | HK$56.48M | -0.39 | -24.85% | ― | -27.07% | 47.86% |
* Basic Materials Sector Average
HK:2623
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Add New Energy Investment Holdings Group Ltd. Corporate Events
Add New Energy Plans HK$504 Million Non-Underwritten Rights Issue for Expansion and Working Capital
Jan 29, 2026
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 ...
Prominence Slightly Lifts Stake in Add New Energy as Mandatory Offer Closes
Jan 8, 2026
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 en...
Add New Energy Investment Holdings Group Announces Board and Committee Composition
Jan 8, 2026
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...
Add New Energy Investment Sets Up Board Strategy Committee to Steer Long-Term Growth
Jan 8, 2026
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...
Add New Energy Investment Names New Company Secretary and Authorised Representative
Dec 31, 2025
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, ...
Add New Energy Investment Sets Out Board and Committee Structure
Dec 18, 2025
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 co...
Add New Energy Relocates Hong Kong Head Office to Wanchai
Dec 18, 2025
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...
Add New Energy Sends Composite Document for Unconditional Takeover Offer and Announces Board Changes
Dec 18, 2025
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...
Add New Energy Announces Delay in Dispatch of Cash Offer Document
Nov 25, 2025
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 Lim...
Prominence Investment Acquires Majority Stake in Add New Energy
Nov 4, 2025
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% o...
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.