IRC (HKSE:01029) Total Assets: HK$2,150 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01029 IRC Ltd HKSE:01029
36 GF Score
Price HK$0.45
GF Value HK$0.55
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is IRC Total Assets?

IRC HKSE:01029 +3.45% 36 Total Assets is HK$2,150 Mil as of Dec. 2025. GuruFocus rates HKSE:01029 with a GF Score™ of 36/100 and a GF Value™ of HK$0.55 (Modestly Undervalued). The stock has 4 warning signs investors should review.

IRC's Total Assets for the quarter that ended in Dec. 2025 was HK$2,150 Mil.

During the past 12 months, IRC's average Total Assets Growth Rate was -39.00% per year. During the past 3 years, the average Total Assets Growth Rate was -25.00% per year. During the past 5 years, the average Total Assets Growth Rate was -18.40% per year. During the past 10 years, the average Total Assets Growth Rate was -3.00% per year.

During the past 13 years, IRC's highest 3-Year average Total Assets Growth Rate was 18.60%. The lowest was -27.10%. And the median was -1.45%.

Total Assets is connected with ROA %. IRC's annualized ROA % for the quarter that ended in Dec. 2025 was -21.22%. Total Assets is also linked to Revenue through Asset Turnover. IRC's Asset Turnover for the quarter that ended in Dec. 2025 was 0.49.


IRC  (HKSE:01029) Total Assets Explanation

Total Assets is connected with ROA %.

IRC's annualized ROA % for the quarter that ended in Dec. 2025 is

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=-459.068/( (2175.954+2150.372)/ 2 )
=-459.068/2163.163
=-21.22 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

IRC's Asset Turnover for the quarter that ended in Dec. 2025 is

Asset Turnover
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=1052.384/( (2175.954+2150.372)/ 2 )
=1052.384/2163.163
=0.49

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

IRC Total Assets Related Terms


IRC Total Assets Historical Data

* Premium members only.

The historical data trend for IRC's Total Assets 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.

IRC Total Assets Chart

IRC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,530.63 4,624.15 3,522.51 3,465.65 2,150.37

IRC Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Assets 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 3,522.51 3,352.94 3,465.65 2,175.95 2,150.37
HKSE:01029
36GF Score
IRC Ltd HKSE:01029
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IRC Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

IRC's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (A: Dec. 2025 )+Total Liabilities (A: Dec. 2025 )
=1440.242+710.13
=2,150

IRC's Total Assets for the quarter that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (Q: Dec. 2025 )+Total Liabilities (Q: Dec. 2025 )
=1440.242+710.13
=2,150

* 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 Total Assets →
What does a Total Assets of HK$2,150 Mil mean?
IRC (HKSE:01029) has a Total Assets of HK$2,150 Mil as of Dec. 2025. The total amount of assets as recorded on a company's balance sheet. View historical data on IRC and its competitors.
Is IRC's Total Assets too high?
IRC's current Total Assets is HK$2,150 Mil. Overall, IRC has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IRC's Total Assets compare to NUE and STLD?
IRC's Total Assets of HK$2,150 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Steel company?
A good Total Assets depends on the Steel industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on IRC and its competitors. IRC's current Total Assets is HK$2,150 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRC stock overvalued right now?
Based on GuruFocus' analysis, IRC (HKSE:01029) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.45 — trading 18.2% below its estimated fair value. The current Total Assets is HK$2,150 Mil. IRC's overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For IRC (HKSE:01029), the current Total Assets is HK$2,150 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 IRC (HKSE:01029) Overvalued in 2026?

Based on GuruFocus' analysis, IRC stock appears to be undervalued. The current stock price of HK$0.45 is trading 18.2% below its estimated GF Value™ of HK$0.55. GuruFocus considers IRC to be Modestly Undervalued.

Key valuation signals for HKSE:01029:

  • Total Assets: HK$2,150 Mil
  • GF Value™: HK$0.55 vs. price of HK$0.45 (18.2% below fair value)
  • GF Score™: 36/100 with 4 warning signs

No single metric tells the full story. See the HKSE:01029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IRC Business Description

Address 6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG
IRC Ltd is engaged in the production and development of industrial commodity products, including iron ore concentrate. The main activities of the Group are carried out in Russia and the Group predominantly serves the Russian and Chinese markets. The company's segment includes: Mines in production, Mines in development, Engineering, and Other. The company generates the majority of its revenue from Mines in the production segment, which comprises an iron ore project in the production phase. This segment includes the K&S Project, which is located in the Russian Far East Region and started commercial production in January 2017. Geographically, the firm derives the majority of its revenue from the PRC.
36GF Score

Get the complete analysis for HKSE:01029

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

HK$0.45
Price
HK$0.55
GF Value