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Xinyi Glass Holdings
(0868)
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Rating:68Neutral
Price Target:
HK$9.00
▼(-3.23% Downside)
Action:Reiterated
Date:08/06/26
The score is anchored by solid financial footing (low leverage and positive cash flow) but is held back by a clearly deteriorating operating trend (sharp revenue decline and margin compression). Technicals are mildly supportive but mixed on longer moving averages, while reasonable valuation and dividend yield add a modest cushion.
Positive Factors
Conservative Leverage
The sharp reduction in debt-to-equity gives Xinyi Glass a stronger financial cushion and lowers the burden of interest and refinancing. Conservative leverage should preserve flexibility to maintain operations, fund essential investment, and withstand weaker glass-market conditions over the coming quarters.
Negative Factors
Sharp Revenue Contraction
The consecutive revenue declines indicate materially weaker business activity and demand conversion rather than a minor fluctuation. A reduced sales base can lower capacity utilization and operating leverage, making it harder for Xinyi Glass to restore earnings momentum over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
The sharp reduction in debt-to-equity gives Xinyi Glass a stronger financial cushion and lowers the burden of interest and refinancing. Conservative leverage should preserve flexibility to maintain operations, fund essential investment, and withstand weaker glass-market conditions over the coming quarters.
Read all positive factors
Xinyi Glass Holdings (0868) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.11B
Dividend Yield4.51%
Average Volume (3M)7.92M
Price to Earnings (P/E)10.8
Beta (1Y)0.93
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees16,057
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.75
Shares Outstanding4,460,588,000
10 Day Avg. Volume5,678,569
30 Day Avg. Volume7,924,433
Financial Highlights & Ratios
PEG Ratio-0.61
Price to Book (P/B)0.88
Price to Sales (P/S)1.56
P/FCF Ratio8.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$11.89Price Target Upside27.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.64
Revenue Forecast (FY)HK$20.97B
Xinyi Glass Holdings Business Overview & Revenue Model
Company Description
Xinyi Glass Holdings Limited functions as an investment holding company, primarily involved in the production and distribution of diverse glass products, such as automotive, construction, and float glass, catering to industrial and commercial requ...
How the Company Makes Money
Xinyi Glass makes money primarily by manufacturing and selling glass products across several main product categories and value-chain stages. (1) Float glass sales: The company produces float glass (a foundational flat-glass product) and sells it t...
Xinyi Glass Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.27B | 23.18B | 23.75B | 26.80B | 25.75B | 30.46B |
| Gross Profit | 7.07B | 7.21B | 7.16B | 8.61B | 7.47B | 14.50B |
| EBITDA | 5.22B | 5.29B | 5.83B | 8.36B | 5.98B | 14.00B |
| Net Income | 3.23B | 3.04B | 3.59B | 5.37B | 5.13B | 11.56B |
Balance Sheet | ||||||
| Total Assets | 54.46B | 53.04B | 51.16B | 50.81B | 52.23B | 56.50B |
| Cash, Cash Equivalents and Short-Term Investments | 2.38B | 3.16B | 1.58B | 2.54B | 4.06B | 9.59B |
| Total Debt | 4.47B | 5.35B | 7.79B | 8.19B | 13.54B | 15.55B |
| Total Liabilities | 11.71B | 11.99B | 14.58B | 14.95B | 20.14B | 21.79B |
| Stockholders Equity | 42.71B | 41.00B | 36.48B | 35.75B | 31.97B | 34.60B |
Cash Flow | ||||||
| Free Cash Flow | 3.92B | 4.38B | 1.18B | 1.63B | 4.67B | 8.77B |
| Operating Cash Flow | 5.36B | 5.93B | 6.66B | 5.00B | 7.34B | 11.77B |
| Investing Cash Flow | -1.40B | -1.50B | -6.00B | 122.29M | -7.08B | -5.84B |
| Financing Cash Flow | -3.99B | -3.16B | -2.21B | -6.18B | -5.40B | -2.12B |
Xinyi Glass Holdings Technical Analysis
Neutral
9.30
Price Trends
8.39
Negative
8.63
Negative
9.15
Negative
Market Momentum
-0.11
Negative
50.17
Neutral
60.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0868, the sentiment is Neutral. The current price of 9.3 is above the 20-day moving average (MA) of 7.98, above the 50-day MA of 8.39, and above the 200-day MA of 9.15, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 50.17 is Neutral, neither overbought nor oversold. The STOCH value of 60.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0868.
Xinyi Glass Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$36.11B | 10.79 | 7.71% | 4.51% | ― | ― | |
66 Neutral | HK$106.32B | 21.08 | 2.37% | 4.96% | -6.86% | -26.49% | |
63 Neutral | HK$44.21B | 12.81 | 10.68% | 4.14% | 18.04% | 28.32% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$6.60B | -8.75 | -1.49% | 4.04% | -11.82% | -400.56% | |
43 Neutral | HK$21.60B | -2.19 | -5.48% | 6.02% | 0.12% | -214.59% | |
42 Neutral | HK$505.27M | -0.10 | 98.32% | 2.20% | ― | ― |
* Basic Materials Sector Average
HK:0868
Xinyi Glass Holdings
8.10
-0.78
-8.81%
HK:0914
Anhui Conch Cement Company
17.12
-5.07
-22.87%
HK:3323
China National Building Material Co
2.85
-2.57
-47.51%
HK:1313
China Resources Building Materials Technology Holdings
0.95
-0.69
-42.17%
HK:3300
China Glass Holdings Limited
0.30
-0.29
-49.15%
HK:6655
Huaxin Cement Co., Ltd. Class H
14.84
-2.51
-14.48%
Xinyi Glass Holdings Corporate Events
Xinyi Glass to Spin Off Top-Ranked Auto Glass Unit in Hong Kong Listing
Aug 31, 2026
Xinyi Glass Holdings has initiated a spin-off of its automobile glass business, with wholly owned subsidiary Xinyi Automobile Glass Holdings submitting a confidential listing application to the Main Board of the Hong Kong Stock Exchange. The move ...
Xinyi Glass Offers Scrip Option on 2026 Interim Dividend
Aug 19, 2026
Xinyi Glass Holdings has declared an interim dividend of 15.0 Hong Kong cents per share for the six months ended 30 June 2026, with shareholders on record as of 19 August 2026 offered a choice between cash or new fully paid shares under a scrip di...
Xinyi Glass Updates Terms of 2026 Interim Dividend With Scrip Option
Aug 19, 2026
Xinyi Glass Holdings has updated the terms of its interim dividend for the six months ended 30 June 2026, confirming a payout of HKD 0.15 per share with a cash default and an option for shareholders to receive scrip shares at a conversion price of...
Xinyi Glass Lifts Interim Profit and Dividend Despite Revenue Dip
Jul 31, 2026
Xinyi Glass reported interim results for the six months ended 30 June 2026 showing revenue of RMB9.52 billion, down 3.1% year-on-year, but a 16.9% rise in profit attributable to equity holders to RMB1.18 billion. Basic earnings per share increased...
Xinyi Glass Declares Interim Dividend with Scrip Option for 2026 Half-Year
Jul 31, 2026
Xinyi Glass Holdings Limited has declared an interim ordinary dividend of HKD 0.15 per share for the six months ended 30 June 2026, with the default payment option in cash. The interim payout underscores the company’s continued commitment to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.