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Xinyi Solar Holdings (HK:0968)
:0968
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Xinyi Solar Holdings (0968) AI Stock Analysis

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HK:0968

Xinyi Solar Holdings

(0968)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
HK$3.50
▼(-2.23% Downside)
Xinyi Solar Holdings' overall stock score is driven by solid financial performance with strong revenue growth but declining profitability margins. Technical indicators suggest neutral momentum, while valuation metrics indicate the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not influence the score.

Xinyi Solar Holdings (0968) vs. iShares MSCI Hong Kong ETF (EWH)

Xinyi Solar Holdings Business Overview & Revenue Model

Company DescriptionXinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People's Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers photovoltaic power station, ultraclear patterned glasses, back glasses, and AR photovoltaic glasses. It also develops, operates, and manages solar farms; and provides engineering, procurement, and construction services. In addition, the company engages in the provision of solar power systems; and trading of solar glass products. Xinyi Solar Holdings Limited was founded in 2008 and is headquartered in Wuhu, the People's Republic of China.
How the Company Makes MoneyXinyi Solar Holdings makes money primarily through the manufacturing and sale of solar glass products. The company's key revenue streams include sales of ultra-clear photovoltaic raw glass, processed glass, and other solar-related products. Xinyi Solar benefits from long-term partnerships with solar module manufacturers and industry players, ensuring a steady demand for its products. The company also gains from its strategic location in China, which provides access to a vast and growing market for solar energy solutions. Additionally, Xinyi Solar's focus on innovation and efficiency allows it to maintain competitive pricing and quality, further enhancing its revenue potential.

Xinyi Solar Holdings Financial Statement Overview

Summary
Xinyi Solar Holdings demonstrates strong revenue growth, but profitability margins have faced pressure. The balance sheet is stable, though leverage has increased. Cash flow volatility presents risks, and the company should focus on strengthening its cash management. Overall, the financial health is solid with room for improvement in profitability and cash flow stability.
Income Statement
72
Positive
Xinyi Solar Holdings has shown consistent revenue growth with a CAGR of approximately 15.2% over the past five years. Gross profit margin has decreased from 54.3% in 2020 to 31.5% in 2023, indicating increased cost pressures. Net profit margin also declined from 37% in 2020 to 15.7% in 2023. Nevertheless, the company maintains a healthy EBITDA margin reflecting operational resilience.
Balance Sheet
68
Positive
The company's debt-to-equity ratio has increased from 0.26 in 2020 to 0.36 in 2023, indicating higher leverage. Return on equity has decreased from 17.2% in 2020 to 13.1% in 2023. The equity ratio remains strong at 52.9% in 2023, suggesting a balanced asset structure.
Cash Flow
60
Neutral
Free cash flow has been volatile, with a significant decline in 2021 and 2022. Operating cash flow to net income ratio was positive in 2020 but has faced challenges due to increased capital expenditures. The company needs to improve its cash management strategies to ensure sustainable growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue21.21B21.92B26.63B20.54B16.06B12.32B
Gross Profit2.26B3.47B7.09B6.12B7.52B6.56B
EBITDA3.44B4.26B7.78B6.90B7.85B6.82B
Net Income-137.07M1.01B4.19B3.82B4.92B4.56B
Balance Sheet
Total Assets58.70B56.93B60.43B50.58B49.07B43.42B
Cash, Cash Equivalents and Short-Term Investments3.08B1.03B2.88B5.37B7.89B9.29B
Total Debt14.16B12.54B11.51B8.91B8.85B6.81B
Total Liabilities23.25B22.52B22.57B15.34B12.96B11.40B
Stockholders Equity29.95B29.05B31.97B29.75B30.31B26.52B
Cash Flow
Free Cash Flow-1.50B-3.69B-4.10B-723.25M-1.15B1.06B
Operating Cash Flow1.78B1.31B5.79B5.92B3.79B4.35B
Investing Cash Flow-2.89B-4.01B-10.40B-5.52B-4.91B-2.36B
Financing Cash Flow1.42B822.27M2.19B-1.99B-805.82M4.99B

Xinyi Solar Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.58
Price Trends
50DMA
3.48
Positive
100DMA
3.16
Positive
200DMA
3.05
Positive
Market Momentum
MACD
0.03
Negative
RSI
51.96
Neutral
STOCH
70.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0968, the sentiment is Positive. The current price of 3.58 is below the 20-day moving average (MA) of 3.60, above the 50-day MA of 3.48, and above the 200-day MA of 3.05, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.96 is Neutral, neither overbought nor oversold. The STOCH value of 70.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0968.

Xinyi Solar Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$37.18B12.37-10.20%1.83%8.50%-7.62%
$31.28B28.071.17%
$668.09M-1.39%36.71%8.15%
HK$10.98B-3.09-9.60%-32.90%-152.00%
$38.75B-13.00%-44.73%-10.66%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0968
Xinyi Solar Holdings
3.58
-0.18
-4.79%
HK:0750
China Singyes Solar Technologies Holdings
0.27
-0.15
-36.14%
HK:3800
GCL-Poly Energy Holdings
1.36
-0.29
-17.58%
HK:1799
Xinte Energy Co., Ltd. Class H
7.76
-2.10
-21.30%

Xinyi Solar Holdings Corporate Events

Xinyi Solar Announces Scrip Dividend Scheme for Interim Dividend
Aug 21, 2025

Xinyi Solar Holdings Limited has announced a Scrip Dividend Scheme for its interim dividend for the six months ending 30 June 2025. Shareholders have the option to receive the dividend in cash or new fully-paid shares, with the market value of the Scrip Shares set at 95% of the average closing price over a specified period. This scheme allows shareholders flexibility in their dividend options and could potentially increase the company’s share capital if shareholders opt for shares over cash.

The most recent analyst rating on (HK:0968) stock is a Buy with a HK$3.10 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.

Xinyi Solar Announces Interim Dividend with Scrip Option
Aug 21, 2025

Xinyi Solar Holdings Limited has announced an interim cash dividend of HKD 0.042 per share for the six months ending June 30, 2025, with an option for shareholders to receive scrip shares at a conversion price of HKD 3.13. This announcement reflects the company’s ongoing commitment to delivering shareholder value and may influence its market positioning by offering flexibility in dividend options.

The most recent analyst rating on (HK:0968) stock is a Buy with a HK$3.10 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.

Xinyi Solar Holdings Reports Decline in 2025 Interim Earnings
Aug 2, 2025

Xinyi Solar Holdings Limited, a company primarily engaged in the production and sale of solar glass products and the development and operation of solar farms, operates within the renewable energy sector with production facilities located in China and Malaysia. In its latest interim earnings report for the first half of 2025, Xinyi Solar reported a revenue of RMB10,931.8 million, marking a 6.5% decrease from the previous year. The company’s profit attributable to equity holders also saw a significant decline of 58.8%, amounting to RMB745.8 million, with basic earnings per share dropping to 8.21 RMB cents from 20.33 RMB cents in the same period last year. The interim dividend per share was reduced to 4.2 HK cents from 10.0 HK cents. Key factors affecting the financial performance included a decline in the average selling prices of solar glass products and impairment provisions for certain idle production facilities. Despite these challenges, the company managed to improve its consolidated results compared to the latter half of 2024. Looking ahead, Xinyi Solar remains focused on leveraging its competitive strengths and market positioning to navigate the complex and volatile solar industry landscape, aiming for sustained growth amidst global supply chain disruptions and geopolitical tensions.

Xinyi Solar Announces Interim Dividend with Scrip Option
Aug 1, 2025

Xinyi Solar Holdings Limited announced an interim cash dividend of HKD 0.042 per share for the six months ending June 30, 2025, with a scrip option available. This move reflects the company’s financial health and commitment to rewarding shareholders, potentially enhancing its market position and investor confidence.

The most recent analyst rating on (HK:0968) stock is a Sell with a HK$1.90 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.

Xinyi Solar Reports Decline in H1 2025 Financial Results
Aug 1, 2025

Xinyi Solar Holdings Limited reported its interim financial results for the first half of 2025, showing a decline in revenue and profit compared to the same period in 2024. The company’s revenue decreased by 6.5% to RMB 10,931.8 million, and profit attributable to equity holders dropped by 58.8% to RMB 745.8 million. The earnings per share also saw a significant decline, falling by 59.6% to 8.21 RMB cents. This downturn reflects challenges in the solar energy market and may impact stakeholders’ confidence in the company’s short-term financial performance.

The most recent analyst rating on (HK:0968) stock is a Hold with a HK$3.65 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.

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.Date of analysis: Oct 25, 2025