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Companies Energy 0438.HK
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0438.HK HKEX Renewable Energy Equipment & Services

IRICO Group New Energy Co Ltd

HK$1,31
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231,0M HKD
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About

IRICO Group New Energy Co Ltd is engaged in the renewable energy sector, focusing on the development and provision of renewable energy equipment and services.

Business. IRICO Group New Energy Co Ltd (0438.HK) is a renewable energy equipment and services company listed on the Hong Kong Stock Exchange. The firm operates within the renewable energy sector, focusing on the provision of energy solutions. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the renewable energy equipment and services market.

Classification92 %
SectorEnergy
Business sectorRenewable Energy
IndustryRenewable Energy Equipment & Services
ActivityRenewable Energy
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 0438.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 0438.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    IRICO Group New Energy Co Ltd (0438.HK) is a renewable energy equipment and services company listed on the Hong Kong Stock Exchange. The firm operates within the renewable energy sector, focusing on the provision of energy solutions. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the renewable energy equipment and services market.

    Classification92 %
    SectorEnergy
    Business sectorRenewable Energy
    IndustryRenewable Energy Equipment & Services
    ActivityRenewable Energy
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • The company's liquidity and capital structure cannot be fully assessed due to missing balance-sheet data.
    • Profitability and returns metrics are not available for comparison against industry benchmarks.
    • The company's segment and geographic exposure details are not disclosed, limiting the understanding of its market diversification.
    • Growth trajectory and future projections are not quantifiable with the current data.
    • The risk assessment indicates low dilution risk but highlights the inability to assess liquidity risk.
    • margin_outlook_rationale: The company's margin outlook cannot be determined due to the lack of detailed financial data.
    • rd_outlook_rationale: The research and development outlook is not available as there are no specific disclosures regarding R&D activities or investments.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2024-03-26
    FY 2024 · Full-year highlights

    Revenue ¥3.15B, +27,3% YoY; Operating income −324,4% YoY.

    Revenue¥3.15B+27,3 % YoY
    Operating income-¥225.2M−324,4 % YoY
    Net income-¥231.0M−358,8 % YoY
    Free cash flow-¥1.09B−171,1 % YoY
    EPS
    Operating cash flow¥277.0M+408,6 % YoY
    Financials
    Income statement
    Revenue¥3.15B
    Gross profit¥217.7M
    Operating income-¥225.2M
    Net income-¥231.0M
    Margins
    Gross margin6.9%
    Operating margin-7.2%
    Net margin-7.3%
    FCF margin-34.6%
    Balance sheet
    Total assets¥8.84B
    Total liabilities¥7.04B
    Total equity¥1.80B
    Cash & equivalents
    Long-term debt¥5.24B
    Cash flow
    Operating cash flow¥277.0M
    CapEx-¥941.3M
    Free cash flow-¥1.09B
    SBC
    P&L flow · revenue → net income
    Revenue ¥3.15BOperating costs ¥3.37BTax ¥5.7MNet income ¥231.0M
    Highlights
    • Revenue ¥3.15B, +27,3% YoY
    • Operating income −324,4% YoY
    • Net income −358,8% YoY
    • Free cash flow −171,1% YoY
    • Net margin -7.3%

    Valuation FY

    Market price
    HK$1,31
    Market cap
    HK$273.3M
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • IRICO Group New Energy Co Ltd Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Hua YangExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    0438.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2024-03-26 19:00 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 3.15B · Net CNY -231.0M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage