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Add New Energy Investment Holdings Group (HKSE:02623) Tax Rate % : -11.99% (As of Jun. 2024)


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What is Add New Energy Investment Holdings Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Add New Energy Investment Holdings Group's Tax Expense for the six months ended in Jun. 2024 was HK$1.9 Mil. Add New Energy Investment Holdings Group's Pre-Tax Income for the six months ended in Jun. 2024 was HK$-15.7 Mil. Therefore, Add New Energy Investment Holdings Group's Tax Rate % for the quarter that ended in Jun. 2024 was -11.99%.


Add New Energy Investment Holdings Group Tax Rate % Historical Data

The historical data trend for Add New Energy Investment Holdings Group's Tax Rate % 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.

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Add New Energy Investment Holdings Group Tax Rate % Chart

Add New Energy Investment Holdings Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.03 15.35 7.41

Add New Energy Investment Holdings Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Tax Rate % 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 5.77 20.76 2.68 -11.99 3.93

Add New Energy Investment Holdings Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Add New Energy Investment Holdings Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=10.019/65.282
=15.35 %

Add New Energy Investment Holdings Group's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=1.885/-15.72
=-11.99 %

* 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.


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Add New Energy Investment Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
Qin Jia Zhuang, Yangzhuang Town, Yishui County, Shandong Province, CHN
Add New Energy Investment Holdings Group Ltd is an investment holding company involved in the exploration and mining of iron and ilmenite ore. It produces and sells iron and titanium concentrates to iron pellets and steel producers. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Luxing Titanium Mine, and Gaozhuang Shangyu Ilmenite. It has two reportable segments Mining and ore processing and Trading of minerals, the majority of its revenue comes from the Trading of minerals.
Executives
Li Yunde 2201 Interest of corporation controlled by you
Zhang Limei 2202 Interest of your spouse
Hongfa Holdings Limited 2101 Beneficial owner

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