Add New Energy Investment Holdings Group Limited (2623.HK)

Add New Energy Investment Holdings Group Limited (2623.HK) — VMCI valuation read

Add New Energy Investment Holdings Group Limited sits at VMCI 31/100, with the Basic Materials sector median at 50. That 19-point spread is the first thing to note on 2623.HK: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 2623.HK are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 2623.HK: 2623.HK trades at 24.0x earnings, 33% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 2.8x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

2623.HK fell 3.7% over the trailing 7 days, with a -14.0% read on a 30-day basis.