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:50Neutral
Price Target:
HK$5.00
▲(2.04% Upside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance—sharp 2025 earnings deterioration and sustained negative operating/free cash flow—despite a meaningfully improved leverage position. Technicals are moderately supportive with a positive medium/long-term trend and positive MACD, but valuation is constrained by loss-making results and no dividend data.
Positive Factors
Balance sheet strength
Leverage fell meaningfully and equity is sizable, lowering refinancing and solvency risk. This stronger balance sheet provides durable flexibility to absorb shocks, fund a measured turnaround or targeted capex, and reduces short‑term liquidity pressure on operations.
Negative Factors
Sharp revenue and earnings deterioration
A ~47% revenue collapse and a swing to a large net loss reflect severe demand or execution problems. Persistent top‑line weakness erodes scale economics and makes margin recovery harder; reversing such declines typically takes multiple quarters of sustained improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Leverage fell meaningfully and equity is sizable, lowering refinancing and solvency risk. This stronger balance sheet provides durable flexibility to absorb shocks, fund a measured turnaround or targeted capex, and reduces short‑term liquidity pressure on operations.
Read all positive factors
Add New Energy Investment Holdings Group Ltd. (2623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.55B
Dividend YieldN/A
Average Volume (3M)61.61K
Price to Earnings (P/E)―
Beta (1Y)-0.40
Revenue Growth-73.03%
EPS Growth-241.72%
CountryHK
Employees119
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.21
Shares Outstanding525,429,800
10 Day Avg. Volume117,400
30 Day Avg. Volume61,611
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)3.71
Price to Sales (P/S)23.29
P/FCF Ratio-4.66
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
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Add New Energy Investment Holdings Group Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 73.62M | 282.09M | 1.26B | 1.87B | 1.63B |
| Gross Profit | 3.02M | 12.57M | 141.46M | 145.10M | 29.61M |
| EBITDA | -59.18M | -26.75M | 84.86M | 101.16M | -9.96M |
| Net Income | -85.20M | 61.72M | 50.52M | 57.63M | -30.06M |
Balance Sheet | |||||
| Total Assets | 1.15B | 1.02B | 869.30M | 746.04M | 705.97M |
| Cash, Cash Equivalents and Short-Term Investments | 242.77M | 80.00M | 146.13M | 124.67M | 191.29M |
| Total Debt | 10.64M | 268.00M | 31.87M | 70.78M | 181.46M |
| Total Liabilities | 692.33M | 470.14M | 377.42M | 392.06M | 418.76M |
| Stockholders Equity | 462.27M | 545.84M | 491.88M | 353.98M | 287.21M |
Cash Flow | |||||
| Free Cash Flow | -367.98M | -243.07M | -52.79M | 60.52M | 77.15M |
| Operating Cash Flow | -63.42M | -72.02M | 53.34M | 212.30M | 83.47M |
| Investing Cash Flow | -15.32M | -141.41M | -112.44M | -178.18M | 4.91M |
| Financing Cash Flow | 238.97M | 147.27M | 80.67M | -103.48M | -20.89M |
Add New Energy Investment Holdings Group Ltd. Technical Analysis
Neutral
4.90
Price Trends
5.28
Negative
4.60
Positive
3.05
Positive
Market Momentum
-0.11
Positive
41.69
Neutral
19.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2623, the sentiment is Neutral. The current price of 4.9 is below the 20-day moving average (MA) of 5.72, below the 50-day MA of 5.28, and above the 200-day MA of 3.05, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.69 is Neutral, neither overbought nor oversold. The STOCH value of 19.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.72B | -17.41 | -14.35% | ― | -51.79% | ― | |
54 Neutral | HK$456.00M | 7.94 | 1.07% | ― | 7.89% | ― | |
50 Neutral | HK$2.55B | -20.13 | -17.10% | ― | -73.03% | -241.72% | |
47 Neutral | HK$364.68M | -0.77 | -43.81% | ― | -1.85% | 18.12% | |
38 Underperform | HK$44.24M | -0.11 | -177.54% | ― | -26.77% | -69.57% |
* Basic Materials Sector Average
HK:2623
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Add New Energy Investment Holdings Group Ltd. Corporate Events
Add New Energy clarifies vendor ownership change in HRZ share acquisition
May 14, 2026
Add New Energy Investment Holdings Group has issued a supplemental announcement regarding its previously disclosed acquisition of 37.7 million shares in HRZ through a sale and purchase agreement with several vendors. The company reported that one ...
Add New Energy Wins Shareholder Backing to Rebrand as Hong Kong Gold Industry Group
Apr 29, 2026
Add New Energy Investment Holdings Group Limited has secured shareholder approval at an extraordinary general meeting to change its English name to Hong Kong Gold Industry Group Limited and its Chinese name to 香港黃金ī...
Add New Energy Details Terms of 20-Year Mining Investment Partnership
Apr 24, 2026
Add New Energy Investment Holdings Group Limited has provided supplemental details on a previously announced partnership formed by its subsidiary Shenzhen Xinlong with Jiangxi Xintongying and Beijing Shiji to invest in mining businesses. The partn...
Add New Energy Calls EGM to Approve Strategic Name Change
Apr 9, 2026
Add New Energy Investment Holdings Group Limited has called an extraordinary general meeting for 29 April 2026 in Hong Kong, asking shareholders to approve a special resolution to change its English name to Hong Kong Gold Industry Group Limited. T...
Add New Energy Sets April EGM to Approve Company Name Change
Apr 2, 2026
Add New Energy Investment Investment Holdings Group Limited has scheduled an extraordinary general meeting for 29 April 2026 to seek shareholder approval for a proposed change of company name, signaling a potential rebranding move and possible ref...
Add New Energy Plans Rebrand to Hong Kong Gold Industry Group After Restructuring
Mar 31, 2026
Add New Energy Investment Holdings Group Ltd. plans to rebrand as Hong Kong Gold Industry Group Limited, also adopting a new Chinese name, in a move that signals a shift in its strategic direction and market positioning. The name change, which req...
Add New Energy Expands Stake in Australian Gold Player HRZ Via Share-Funded Deal
Mar 30, 2026
Add New Energy Investment Holdings Group Ltd. has agreed to acquire 37.7 million shares in Australian-listed Horizon (HRZ), equal to about 14.46% of its issued share capital, for A$40.7 million, to be paid by issuing 46.78 million new Add New Ener...
Add New Energy Forms Partnership for Major Mining Investment in Jiangxi
Mar 29, 2026
Add New Energy Investment Holdings Group Limited has formed a new investment partnership with subsidiaries Shenzhen Xinlong and Jiangxi Xintongying, alongside Beijing Shiji as general partner, to invest in Baojia Mining, a non-ferrous metals miner...
Add New Energy Rights Issue Oversubscribed, Excess Shares Allotted Pro-Rata
Mar 27, 2026
Add New Energy Investment Holdings Group Ltd. has completed a rights issue on the basis of one rights share for every two existing shares on a non-underwritten basis, with the offer becoming unconditional on 23 March 2026. The company received val...
Add New Energy Trading Halt Ahead of Inside-Information Deal
Mar 26, 2026
Add New Energy Investment Holdings Group Ltd. has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on March 26, 2026. The suspension precedes the release of an announcement regarding a notifiable ...
Add New Energy Issues Profit Warning on 2025 Loss After Asset Impairment and Lapsed One-Off Gains
Mar 22, 2026
Add New Energy Investment Holdings Group Limited has warned that it expects to swing to a loss of about RMB87 million for the year ended 31 December 2025, compared with a profit of roughly RMB62 million a year earlier, based on preliminary unaudit...
Add New Energy Schedules Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Add New Energy Investment Holdings Group Ltd. has scheduled a board meeting for 31 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. The board will also consider recommending a final dividend, a decis...
Add New Energy Backs Horizon Minerals Placement to Fund WA Gold Hub
Feb 23, 2026
Add New Energy Investment Holdings Group Ltd. has agreed to subscribe for 36,574,077 new shares in Australia-listed Horizon Minerals Limited at A$1.08 per share. The investment forms part of a larger placement of about 162 million new shares to fu...
Add New Energy Trading Halted Pending Notifiable Transaction Announcement
Feb 20, 2026
Add New Energy Investment Investment Holdings Group Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 20 February 2026. The suspension comes ahead of an upcoming announcement relatin...
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.