Irico Group New Energy Co (HKSE:00438) EBIT: HK$-436 Mil (TTM As of Dec. 2025)


HKSE:00438 Irico Group New Energy Co Ltd HKSE:00438
50 GF Score
Price HK$1.28
GF Value HK$2.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is Irico Group New Energy Co EBIT?

Irico Group New Energy Co HKSE:00438 +8.47% 50 EBIT is HK$-436 Mil as of Dec. 2025. GuruFocus rates HKSE:00438 with a GF Score™ of 50/100 and a GF Value™ of HK$2.79 (Possible Value Trap). The stock has 6 warning signs investors should review.

Irico Group New Energy Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$-203 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-436 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Irico Group New Energy Co's annualized ROC % for the quarter that ended in Dec. 2025 was -2.89%. Irico Group New Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -6.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Irico Group New Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -6.32%.

Irico Group New Energy Co  (HKSE:00438) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Irico Group New Energy Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-315.076 * ( 1 - 0.13% )/( (11024.513 + 10733.503)/ 2 )
=-314.6664012/10879.008
=-2.89 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9719.891 - 723.343 - ( 899.431 - max(0, 5628.922 - 3600.957+899.431))
=11024.513

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9183.977 - 703.911 - ( 297.153 - max(0, 5400.455 - 3147.018+297.153))
=10733.503

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Irico Group New Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-406.682/( ( (5270.688 + max(743.495, 0)) + (5252.505 + max(515.817, 0)) )/ 2 )
=-406.682/( ( 6014.183 + 5768.322 )/ 2 )
=-406.682/5891.2525
=-6.90 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1176.543 + 348.634 + 291.88) - (723.343 + 0 + 350.219)
=743.495

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1309.316 + 348.387 + 270.559) - (703.911 + 0 + 708.534)
=515.817

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Irico Group New Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-436.27/6901.525
=-6.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Irico Group New Energy Co EBIT Related Terms

Irico Group New Energy Co EBIT Historical Data

* Premium members only.

The historical data trend for Irico Group New Energy Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Irico Group New Energy Co EBIT Chart

Irico Group New Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 323.76 207.33 -120.89 -213.93 -438.76

Irico Group New Energy Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.96 103.29 -316.37 -232.93 -203.34

HKSE:00438 vs FSLR, NXT, ENPH: EBIT Comparison

For the Solar subindustry, Irico Group New Energy Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Irico Group New Energy Co EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Irico Group New Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Irico Group New Energy Co's EV-to-EBIT falls into.


HKSE:00438
50GF Score
Irico Group New Energy Co Ltd HKSE:00438
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Irico Group New Energy Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-436 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$-436 Mil mean?
Irico Group New Energy Co (HKSE:00438) has a EBIT of HK$-436 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Irico Group New Energy Co.
Is Irico Group New Energy Co's EBIT too high?
Irico Group New Energy Co's current EBIT is HK$-436 Mil. Overall, Irico Group New Energy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Irico Group New Energy Co's EBIT compare to FSLR and NXT?
Irico Group New Energy Co's EBIT of HK$-436 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Semiconductors company?
A good EBIT depends on the Semiconductors industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Irico Group New Energy Co. Irico Group New Energy Co's current EBIT is HK$-436 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irico Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Irico Group New Energy Co (HKSE:00438) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.79, compared to a current price of HK$1.28 — trading 54.1% below its estimated fair value. The current EBIT is HK$-436 Mil. Irico Group New Energy Co's overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Irico Group New Energy Co (HKSE:00438), the current EBIT is HK$-436 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Irico Group New Energy Co (HKSE:00438) Overvalued in 2026?

Based on GuruFocus' analysis, Irico Group New Energy Co stock appears to be undervalued. The current stock price of HK$1.28 is trading 54.1% below its estimated GF Value™ of HK$2.79. GuruFocus considers Irico Group New Energy Co to be Possible Value Trap.

Key valuation signals for HKSE:00438:

  • EBIT: HK$-436 Mil
  • GF Value™: HK$2.79 vs. price of HK$1.28 (54.1% below fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Irico Group New Energy Co Business Description

Address Xinghuo Avenue, No. 3, C6, High-Tech Industrial Development Zone, Shaanxi Province, Xianyang, CHN, 712000
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. Along with its subsidiaries, it produces and sells solar photovoltaic glass, solar photovoltaic modules, and back glass, which is applied to solar cell module packaging. Its geographical segments are: The People's Republic of China (excluding Hong Kong), and Other countries, of which the majority of the revenue comes from China.
50GF Score

Get the complete analysis for HKSE:00438

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.28
Price
HK$2.79
GF Value