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Xinyi Solar Holdings (0968) AI Stock Analysis
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Xinyi Solar Holdings
(HKEX:0968)
The score is primarily held back by weak technicals (downtrend signals across moving averages, MACD, and momentum indicators) and very expensive valuation (high P/E with low yield). Financial performance is mid-range, supported by improved 2025 cash flow and modest revenue growth, but offset by structurally weaker margins/returns and higher leverage versus prior peak years.
Xinyi Solar Holdings (0968) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 2.11B
- Dividend Yield
- 0.55%
- Average Volume (3M)
- 51.64M
- Price to Earnings (P/E)
- 109.4
- Beta (1Y)
- 1.06
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 7,712
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Solar
Xinyi Solar Holdings Business Overview & Revenue Model
Company Description
Xinyi Solar Holdings Limited, an investment firm, specializes in the manufacturing and global distribution of solar glass products. Its market reach extends across the People's Republic of China, the wider Asian continent, North America, and Europe....
How the Company Makes Money
Xinyi Solar generally makes money through two main operating streams: (1) Solar glass manufacturing and sales, and (2) Solar power generation/project-related income. 1) Solar glass manufacturing and sales (core revenue stream) - Product sales: The co...
Xinyi Solar Holdings Financial Statement Overview
Summary
Financials are mixed: 2025 shows modest revenue growth and a meaningful rebound in operating and free cash flow (FCF turned positive), but profitability and returns have materially downshifted versus 2020–2022. Leverage has increased (debt-to-equity ~0.47), and net margin/ROE remain low, limiting the score despite improved cash generation.
Income Statement
54NeutralBalance Sheet
62PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.85B | 23.22B | 21.92B | 26.63B | 20.54B | 16.06B |
| Gross Profit | 3.79B | 4.96B | 3.47B | 7.09B | 6.12B | 7.52B |
| EBITDA | 5.02B | 6.40B | 4.71B | 7.78B | 6.90B | 7.85B |
| Net Income | 152.61M | 939.88M | 1.01B | 4.19B | 3.82B | 4.92B |
Balance Sheet | ||||||
| Total Assets | 65.27B | 63.39B | 60.58B | 60.43B | 50.58B | 49.07B |
| Cash, Cash Equivalents and Short-Term Investments | 6.92B | 5.99B | 1.03B | 2.88B | 5.37B | 7.89B |
| Total Debt | 15.44B | 15.60B | 12.54B | 11.51B | 8.91B | 8.85B |
| Total Liabilities | 25.18B | 24.48B | 22.52B | 22.57B | 15.34B | 12.96B |
| Stockholders Equity | 34.13B | 33.23B | 30.91B | 31.97B | 29.75B | 30.31B |
Cash Flow | ||||||
| Free Cash Flow | 3.24B | 3.42B | -3.69B | -4.10B | -723.25M | -1.15B |
| Operating Cash Flow | 5.96B | 6.16B | 1.31B | 5.79B | 5.92B | 3.79B |
| Investing Cash Flow | -1.37B | -1.92B | -4.01B | -10.40B | -5.52B | -4.91B |
| Financing Cash Flow | -1.16B | 282.05M | 822.27M | 2.19B | -1.99B | -805.82M |
Xinyi Solar Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0968, the sentiment is Negative. The current price of 1.86 is below the 20-day moving average (MA) of 1.87, below the 50-day MA of 2.03, and below the 200-day MA of 2.63, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 42.26 is Neutral, neither overbought nor oversold. The STOCH value of 49.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0968.
Xinyi Solar Holdings Peers Comparison
Overall Rating
- HK:096849Neutral
HK:075043Neutral
HK:071242Neutral
HK:380042Neutral
HK:686541Neutral
HK:075737Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:0968 | 49Neutral | HKD 16.99B | 109.41 | 0.45% | 0.55% | ― | ― |
| HK:0750 | 43Neutral | HKD 473.96M | 7.86 | 1.20% | ― | -19.48% | ― |
| HK:0712 | 42Neutral | HKD 57.24M | -1.14 | 18.47% | ― | -0.32% | 5.56% |
| HK:3800 | 42Neutral | HKD 19.43B | -4.98 | -8.23% | ― | 24.57% | 44.61% |
| HK:6865 | 41Neutral | HKD 21.82B | 56.01 | -2.25% | 3.32% | -19.56% | -258.17% |
| HK:0757 | 37Underperform | HKD 149.57M | -0.55 | -36.63% | ― | -12.64% | -1.05% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0968 | Xinyi Solar Holdings | 1.86 | -1.76 | -48.69% | |
| HK:0750 | China Singyes Solar Technologies Holdings | 0.19 | -0.09 | -31.64% | |
| HK:6865 | Flat Glass Group Co Class H | 5.17 | -6.90 | -57.17% | |
| HK:3800 | Gcl Technology Holdings Limited | 0.58 | -0.80 | -57.91% | |
| HK:0757 | Solargiga Energy Holdings | 0.04 | -0.05 | -54.08% | |
| HK:0712 | Comtec Solar Systems Group Ltd. | 0.05 | -0.08 | -60.58% |
Xinyi Solar Holdings Corporate Events
Xinyi Solar and Xinyi Energy Advance PRC Listing Plan for New Energy REIT
Xinyi Solar and its subsidiary Xinyi Energy plan to deepen their presence in infrastructure investment by establishing the Xinyi Energy New Energy REIT in the People’s Republic of China. The fund will hold selected solar farm projects currently...
Xinyi Solar Sets 2026 Board Line-Up and Committee Roles
Xinyi Solar Holdings has confirmed the composition of its board of directors effective from 1 September 2026, detailing a mix of non-executive, executive and independent non-executive directors led by Chairman Dr. Lee Yin Yee and Vice Chairman and CE...
Xinyi Solar Announces Senior Management Changes and Succession in Key Finance Roles
Xinyi Solar Holdings announced that executive director, financial controller and company secretary Mr. Chu Charn Fai will retire for personal reasons on 31 August 2026, and step down as an authorised representative. The board noted that Mr. Chu has n...
Xinyi Solar Declares Interim Cash Dividend for First Half of 2026
Xinyi Solar Holdings Limited has declared an interim ordinary cash dividend of HKD 0.0023 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The ex-dividend date is set for 13 August 2026, with the record date on 19 August...
Xinyi Solar’s Interim Profit Plunges as Revenue Falls and Margins Tighten
Xinyi Solar Holdings reported a sharp deterioration in interim results for the six months ended 30 June 2026, as revenue fell 22.9% year-on-year to RMB 8.43 billion and profit attributable to equity holders plunged 94.8% to RMB 39 million. The squeez...
Xinyi Solar Sets Board Meeting to Approve Interim Results and Consider Dividend
Xinyi Solar Holdings Limited has scheduled a board meeting for 31 July 2026 to approve the interim results for the six months ended 30 June 2026 and to consider whether to recommend an interim dividend. The announcement signals an upcoming update on...
Xinyi Solar Warns of Sharp Profit Decline Amid Solar Market Downturn
Xinyi Solar Holdings has issued a negative profit alert for the six months ended 30 June 2026, warning that consolidated net profit is expected to fall sharply to no more than RMB50 million or potentially turn into a net loss of up to RMB50 million,...
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: Sep 24, 2026